Don't Buy A Painting Business Franchise in Tucson AZ

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Should You Buy a Painting Business Franchise in Tucson AZ ?

Don't Buy a Painting Business Franchise in Tucson AZ

• An Important Note About Our Methodology
• Learn About Our Process
• Our Story
• Why Franchise
• The Process
• Your Investment
• Problem 1 The REAL Cost of a Painting Business Franchise in Tucson AZ
• Problem 2 How Franchises Screw Your Ability to Grow Your Business
• Problems 3 Do They Really Care About What You Care About
• Problem 4 You re Buying a Job Not a Business
• With All These Problems Why do People do It
• So what now
• Understanding the Ranking
• Our Purpose
• Opportunity Guide
• Home Services Franchise Industry
• Top Painting News
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• News By Industry
• About
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• Training
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• Full Support Complete Control

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• Learn How a $1,000,000 Painting Business Works
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• The franchise fee for a territory with a population of between 175,000 and 200,000 is $44,900. If the population of your territory exceeds 200,000, you must pay an additional $500 for each 1,000-population unit (or any portion of a 1,000-population unit) in excess of 200,000.

• For example, for a territory with a population of 201,135, the total franchise fee would be $45,900 .

• The initial franchise fee is fully earned and non-refundable upon receipt.

• During the first 24 months after you purchase your first franchise, you may be eligible for a 10% discount on the then-current initial franchise fee for each additional franchise that you purchase. To be eligible for this discount, you must pay the entire franchise fee at the time you sign the Franchise Agreement for the initial franchise and for each additional franchise.

• Fresh Coat is a member of the International Franchise Association and participates in the IFA’s Veterans Transition Franchise Initiative (“VetFran Program”), which encourages franchise ownership by offering financial incentives to honorably discharged veterans of the U.S. Armed Forces. Fresh Coat offers a $2,000 discount on the initial franchise fee to veterans who meet Fresh Coat’s requirements and those of the VetFran program.

2.  Deposit:  $5,000

• You can reserve a specific territory for up to 30 days by paying a $5,000 deposit and sending Fresh Coat a signed Deposit Remittance Form. The deposit is fully earned and non-refundable upon Fresh Coat’s receipt, in consideration of its reservation and removal from the market of your territory for 30 days, and will be applied toward your initial franchise fee.

3.  Website Fee:  $95

• You must pay an initial Website Fee of $95 to cover the cost and maintenance of website(s) you will use in the operation of the business.

4.  Right of First Refusal:  $3,000

• Your Franchise Agreement does not give you any option, right of first refusal, or similar right to acquire additional franchises, but you may purchase a right of first refusal to purchase an additional franchise territory. The price for a right of first refusal is $3,000, which would be credited toward the initial franchise fee if you exercise the right of first refusal.

• A right of first refusal would give you the right to purchase a specific territory first if another prospective purchaser shows an interest in purchasing the territory within 1 year after you purchase the right of first refusal.

• You would have 7 calendar days after notice by Fresh Coat to exercise the right. Fresh Coat must receive the entire balance of the then-current initial franchise fee for the territory by the seventh day after you receive the notice.

• A right of first refusal lasts for 1 year.

5.  Royalty Fee:  6% of Gross Revenues; $300 monthly minimum

• Due Date:  Payable by the fifth day of each month.

• Paid on Gross Revenues for preceding month ending on Friday.

6.  National Branding Fund:  2% of Gross Revenues; $350 monthly minimum

• Due Date:  Payable by the fifth day of each month.

7.  Local Cooperative Advertising:  up to 3% of your Gross Revenues unless a majority of the cooperative members agree on a higher contribution

• Due Date:  Monthly.

• If an advertising cooperative is established or operating in your area, you must contribute.

8.  Transfer Fee:  the greater of either $10,000 or 3% of the purchase price, plus legal and administrative costs

• Due Date:  Prior to consummation of transfer.

• Payable when you sell your franchise; no Transfer Fee is payable for transfers to a company you form for the convenience of ownership.

9.  Lead Referral Fee:  $10,000

• Due Date:  Upon a transfer of your franchise to a buyer who was already listed in Fresh Coat’s sales database at the time you and the buyer began discussing a sale.

• Intended to partially reimburse Fresh Coat for its costs in developing leads who then purchase from existing owners.

10.  Formation of Business Entity:  variable

• Due Date:  Within 90 days after signing the Franchise Agreement.

• If you sign the Franchise Agreement individually, then you must form a business entity (such as a corporation) and assign your individual rights in the franchise to the business entity.

11.  Grand Opening Promotion:  $3,000 to $4,000

• Due Date:  1-2 months before opening.

• Before opening, you must spend at least $3,000, as directed by Fresh Coat, on a grand opening promotion.

12.  Electronic Copies of Marketing Materials:  variable

• Due Date:  Upon order by you.

• Should you request electronic copies of marketing materials, you will need to reimburse the national branding fund for its costs in creating the materials.

13.  Technology/Software License Fee:  $95

• Due Date:  Monthly.

• You must pay a fee for technology/proprietary software that Fresh Coat licenses or makes available to you for use in the operation of the business.

14.  Website Fee:  $95

• Due Date:  Monthly.

• You must pay a fee to cover the cost and maintenance of website(s) and web hosting services Fresh Coat makes available for your use in the business.

15.  Franchisee Meetings:  $350 per person

• Due Date:  Prior to attending meeting.

• Fresh Coat may hold regional and/or national meetings with its support personnel and franchisees.

16.  Late Fee:  greater of $100 or 10% of royalty or branding fee; $50 for ACH payments returned for insufficient funds; $100 for late sales reports or other business records

• Due Date:  On demand.

• You must pay a late fee on any payment or sales report that Fresh Coat receives more than 5 days late.

17.  Interest:  18%

• Due Date:  On demand.

• In addition to the late fee above, any payments more than 30 days late accrue interest at the rate of 18% per year.

18.  Audit Fee:  cost of audit, plus 18% interest on underpayment

• Due Date:  On demand.

• Payable only if audit is prompted by your failure to maintain or submit records or audit shows an understatement of Gross Revenues of at least 3% for any week.

19.  Territory Amendment Fee:  $1,500

• Due Date:  Prior to amending territory.

• If Fresh Coat allows you to amend your franchise territory, you must pay a fee to compensate it for its costs.

20.  Sales/Use Taxes:  variable

• Due Date:  Payable with your royalty or national branding fee payments.

• You must pay any state or local sales or use tax that may be assessed on the royalties, advertising fees, or other fees you pay to Fresh Coat.

21.  Reimbursements:  amount of expense advanced, plus 18% interest

• Due Date:  On demand.

• You must reimburse Fresh Coat if it pays your expenses if you fail to so do, such as rent, taxes, customer refunds, or other liabilities.

22.  Legal Expenses:  amount of expense advanced, plus 18% interest

• Due Date:  On demand.

• You must pay any legal expenses Fresh Coat incurs, including attorney fees, to enforce your Franchise Agreement.

23.  Mapping Software Updates:  $200

• Due Date:  On demand.

• Fresh Coat may, from time-to-time, need to update its internal map-keeping software to reflect demographic and population changes in your territory; if Fresh Coat does so, it may charge you a reasonable fee, not to exceed $200, to compensate it for its costs.

24.  Indemnification:  amount of expense advanced, plus 18% interest

• Due Date:  On demand.

• You must reimburse Fresh Coat fully if it is held liable for claims arising from your business.

WHY YOU OUGHT TO NOT BUY A Painting Business Franchise in Tucson AZ

If you are thinking of buying a painting franchise, stop right currently.
I'm mosting likely to damage down the essential troubles with purchasing a painting franchise, and the different choices you have to begin a painting company.

This is based on my experience growing a successful paint service where we took into consideration becoming a franchise but chose a partnership setup rather. I listen to the battles of franchisee's continuously, and I really feel for them.



Painting Business Franchise in Tucson AZ FAQs
How much does it cost to open your own franchise?

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Are painting companies profitable?

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How much is a Five Star Painting Franchise?

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Is painting a good business to start?

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How much do painters make?

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How much money can you make owning a painting business?

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How can I start a painting business with no money?

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Is painting a good trade?

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Is a Painting Business Franchise in Tucson AZ a good investment?

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Is it hard to start a painting business?

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How can I promote my painting business?

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What are the disadvantages of a Painting Business Franchise in Tucson AZ ?

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Is it better to start a painting business or buy a Painting Business Franchise in Tucson AZ ?

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BR> I do not want you to wind up in the exact same position that many franchisees discover themselves in.
There is a better means! We will certainly begin with the issues of a franchise, then we'll enter options.

TROUBLE # 1: THE REAL COST OF A PAINTING FRANCHISE
CertaPro Painters, Five Star Painting, 360 Painting, and also WOW-1-Day Painting are a few of the bigger franchises around.
These franchise business range from $10,000-$ 40,000 in franchise business fees simply for the right to the franchise business in a restricted variety of postal code where you can run your franchise.
They additionally take 6-9% as an ongoing nobility ... for life.
If you are in business for 10 years as well as you generate $5,000,000 in revenue, this franchise finishes up costing you upwards of $500,000. That's a high cost to pay.
As well as naturally you get some assistance as well as company systems, but every little thing that a franchise business provides can be gotten through other avenues for a lot less than $500,000.

PROBLEM # 2: HOW FRANCHISES SCREW YOUR ABILITY TO GROW YOUR BUSINESS
When you purchase a Painting Business Franchise in Tucson AZ you are buying the legal rights to that organisation in a set region. You are designated a small number of zip codes where you have the rights to the business.
This is a HUGE issue. The easiest means to expand as well as broaden a paint organisation is by expanding geographically. Franchises take away this.
Painter Choice is our advertising and marketing business. We function with franchisees around the nation. I always feel horrible for these entrepreneur since they have such a tough time creating service.
A normal company in Atlanta, as an example, can utilize our lead solution in North Atlanta to produce 20-30 leads monthly.
However a franchisee in North Atlanta who just possesses the civil liberties to 7-8 postal code can only create 5-7 leads monthly from our lead solution.
In various other words, if those franchisees had their very own service, they might promptly raise their organisation 3-5 times! In other terms, that suggests an boost from $500,000 to $2,000,000. This is a large restriction on your possible organisation growth.
As a franchisee, your only alternative is to purchase more region, or such it up and also keep your company tiny.
If someone else already possesses the nearby territory, you don't have that choice.

PROBLEMS # 3: DO THEY REALLY CARE ABOUT WHAT YOU CARE ABOUT?
Basically, franchisees and the franchisor have actually misaligned incentives. The franchisor intends to create as much income as feasible since they earn money a set percent of profits.
However as the business owner, your goal is to optimize earnings.
I'm a big believer in lining up rewards, and in this case, rewards are not lined up. They are playing a different game than you are. They want to make the most of revenue in all of their regions, and sell as lots of franchise business as they can.

TROUBLE # 4: YOU'RE BUYING A JOB, NOT A BUSINESS
You're buying a job. Let me show you why.
As a result of royalties, your margins wind up being around 10% -12% after all overhead.
In order to make $100k/year you would certainly have to have a $1,000,000 service.
Yet you can not have a $1,000,000 company in the tiny area. As well as also if you can, you're stuck at a maximum of $100,000 for yourself. You're paying $70k-$ 100k/year in royalties for what?
That's a crazy quantity of money to pay your franchise business ... the very same firm that has an contract that they hold over your head not permitting you to grow your company geographically.
They've obtained you by the spheres.
Or, you can acquire one more territory to expand. However again ... I 'd instead not have to pay for the right to expand my organisation. That's unreasonable.
The majority of franchise business wind up in the $500,000-$ 600,000 array. You can possibly make $80,000-$ 110,000, sure. But you also don't ever before have adequate margin to employ various other individuals to run the whole company, which is among the biggest advantages to building a firm.
You probably aren't producing adequate revenue to also work with actually solid workers. In our company, we pay regarding 5-6% to our manufacturing manager that oversees $1,000,000 in manufacturing. That's $50,000-$ 60,000 per year for the supervisor. If you are only doing $500,000 a year in revenue, you can pay 5% ($ 25,000) to your production manager, which is not adequate cash for a strong employee.
Your choices are to pay a greater percentage (killing your revenue margin), or do the job on your own (killing your way of living). Both of which are not really appealing alternatives.
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IN SUMMARY:
You pay a great deal of cash to limit your growth, you don't reach construct your own point, and if you intend to grow geographically you need to spend for the civil liberties to do so ... thinking nobody else already owns the legal rights to the area you are trying to buy.
As a result of your restrictions, and also the high nobility charge, you are substantially limited in your ability to grow your earnings, construct a solid group, as well as develop a large service.

WITH ALL THESE PROBLEMS ... WHY DO PEOPLE DO IT?
# 1-- They do it for the strong organisation plan
# 2-- They do it for the support and training offered by the franchise
# 3-- They do it for the community of other franchisees so they aren't alone
# 4-- They do it out of concern of failure
Currently, let's take a look at solutions. How can you obtain all the benefits without paying the high cost of a franchise business?

ADVANTAGE # 1: THEY DO IT FOR THE SOLID BUSINESS PLAN
For 1/10th of the expense of a franchise business, you can buy my organisation system. This is the exact company system we utilize as well as follow in our organisation, which corrected $3,000,000 in income in 2016.

ADVANTAGE # 2: THEY DO IT FOR THE SUPPORT AND TRAINING PROVIDED
My course includes training and support. When you begin with Painting Business Academy, you get accessibility to the entire organisation system as well as all of the training that goes along with that system.

BENEFIT # 3: THEY DO IT FOR THE COMMUNITY SO THEY AREN'T ALONE
When you sign up with Painting Business Academy, you additionally join our personal members-only Facebook team. We have lots of questions asked every day from our participants.
Our area is extremely engaged and active.
People in our community even share their successes. Just a few days ago a person shared a Facebook marketing strategy, verbatim, that's eliminating it for their organisation.

ADVANTAGE # 4: THEY DO IT OUT OF FEAR OF FAILURE
Paying even more cash does not get rid of the worry of failing. With Painting Business Academy, you can get accessibility to a strong organisation plan, company training, and also all of the done-for-you forms and systems that are proven to develop a million-dollar paint organisation.
You likewise obtain accessibility to the incredible area of similar business owners doing the very same thing as you that we chatted around earlier. While you do pay 1/10th of the price up front (on the luxury), you have NO royalties to pay after that.
The chance of failure coincides whether you are in a franchise or running your very own business. Nevertheless, when you acquire a franchise business, you are taking a larger threat, implying there's a larger failing if you do stop working.

SO WHAT NOW?
Prior to you spend in a franchise as well as throw hundreds of dollars down the commode for a tested system, you may intend to look into Painting Business Academy.
Painting Business Academy is likewise a tried and tested system to build a million-dollar painting firm, with a neighborhood of numerous others. In addition, there is no continuous nobility, and also no geographical restrictions to development.
Obtain all of the advantages of a Painting Business Franchise in Tucson AZ for a fraction of the rate. Check the course out here and call me if you have any concerns.
The paint business is a excellent company to be in! I wish you'll belong of it soon.
Best of luck!

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You don't necessarily need a college degree, a bunch of money in the bank or even painting business experience to start something that could become the next major success. However, you do need a strong plan and the drive to see it through.
If you're here, odds are you already have the drive, but you might not know how to start building your painting empire.
That why we are here.
1. Evaluate yourself.
Let's start with the most basic question: Why do you want to start a painting business? Use this question to guide what kind of painting business you want to start. If you want extra money, maybe you should start a side hustle. If you want more freedom, maybe it's time to leave your 9-to-5 job and start something new.
Once you have the reason, start asking yourself even more questions to help you figure out the type of painting business you should start, and if you have what it takes.
What skills do you have?
Where does your passion lie?
Where is your area of expertise?
How much can you afford to spend, knowing that many painting businesses fail?
How much capital do you need?
What sort of lifestyle do you want to live?
Are you even ready to be an entrepreneur?
Be brutally honest with your answers. This will create a foundation for everything you do moving forward, so it's better to know the truth now than later.

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