painting franchise reddit

If anyone wanted in on a franchise like this, I'd recommend spending some time working as an assistant manager for a bit, then starting one on your own. save. Hot New Top. CALL (877) 567-3424. There are lots of success stories, or there wouldn't be anyone buying franchises. Say McDonalds does a build out in a new location. They are in their stores most of the time, or taking care of the business side much of the week. This is my main issue as well. It's work in one way or another. When I took a vacation (which was rare), I had to be reachable by cell, and twice (out of 5 over 20 years that weren't during a shutdown) I had to cut it short and come back. Press question mark to learn the rest of the keyboard shortcuts. When I worked at a Jersey Mike's location back in high school, the owner wasn't working in the stores, but I got the sense it was a huge headache. r/ SignPainting. Customer experience experts. Franchising.com franchise profile for Painting with a Twist. Repair and painting franchises are part of the booming home improvement sector. Once they had established that they were a good business, and staying in business, we attracted and kept good poeple. but if you say take 5 years to build it up and make enough money to survive (which 7eleven provides you if you gross less than 185000 from my understanding) then it could be a very good long term investment. I helped run a student painting franchise (with one of the big well known ones) during one of my summers off school. Get all the benefits of a franchise, none of the limitations, for a fraction of the cost. Painting Franchise Opportunities. 4. But a lot of the time, it's as much work as the most demanding jobs out there, and you need to be prepared for that. This is a place for people who are or want to become Financially Independent (FI), which means not having to work for money. They’re business owners. Thanks! Find detailed business information such as news, financials, franchise history and other corporate data on Painting with a Twist. Here are the 6 best painting franchises of 2020: 1. Because we deliver the next generation of exterior painting to homeowners. 70. This seems like a pretty low-traffic sub, but I thought I might try my luck asking here anyways. While the franchisee had a non-compete on owning/running any other painting company, I didn't, so I took our crew and started advertising door to door on our own (we could easily beat any other competitor without the 25% franchise fee). 3 years ago. The success rates of the better franchises may be in the 90% range, but that is NOT the success rate of franchise owners. About Us . Friend/manager quit the franchise, became "just a painter" for "me" and the money really started to roll in. Making an extra $250 dollars more on a deal meant spending another $100 on labour wasn't an issue if it meant better quality and less chance of accident. Would you mind sharing what do you do? These franchises range from $10,000-$40,000 in franchise fees just for the right to the franchise in a limited number of zip codes where you can operate your franchise. CertaPro Painters does both residential and commercial painting projects, including exteriors and interiors. Initial Franchise Fee: $45,000; Estimated Investment Range: $74,700 - $184,250; The initial franchise investment is determined on a case-by-case basis. Understanding the Ranking. Again, my anecdata on this, is that my parents had 3 positions to hire at the start. Other once-popular franchises (Coldstone / Quiznos) randomly took a hard turn into crazy land and effectively bankrupted their franchisees. However, the amount of work required is very substantial (for them it was more or less a full time job for both of them for several years) and if you don't have experience marketing / local advertising / hiring / handling payroll / etc it is not going to be at all easy to make enough to pay for a staff and a sufficiently competent manager such that you don't have to be working on the business day to day. How much will it cost to become a Five Star Painting franchise owner? While the franchisee had a non-compete on owning/running any other painting company, I didn't, so I took our crew and started advertising door to door on our own (we could easily beat any other competitor without the 25% franchise fee). Not OP but that was a great response. Welcome to Entrepreneur’s 41st annual Franchise 500® ranking. I'll take the 40ish hour work week gig I had sitting in a cubicle not really giving a shit, thank you very much. 20+years in when we sold, half of our employees had been there since year 3-4 and all but one of the rest for 8+ years. But the beginning was HELL. The franchise company went under a year in, but it was the best thing that could have happened, since they no longer had to pay 5% revenues off the top -- a HUGE amount in a business where 10-15% net profits was considered good. r/painting: Welcome to /r/Painting! Is *all* the oil-based chalkboard paint off the market entirely now? share. We were averaging 2, maybe three jobs a week, with the average job being around $1k. Financial Independence is closely related to the concept of Early Retirement/Retiring Early (RE) - quitting your job/career and pursuing other activities with your time. 134k. thanks for the input! Best Painting Franchise. I get that these are not common situations, but if you're betting a major portion of your net worth on a business, it had better never happen. Opened up 5 locations and was a total disaster. Painting franchises serve not only an aesthetic purpose but a value purpose as well. There’s really no solution that’s quick, affordable and long-lasting. Initial Franchise Fee: $25,000. North America’s Up & Coming Home-Improvement Franchise - 15K+ Homes Revamped - 53 Territories Sold - 4.5 Review Stars from Customers. buy a franchise (plenty of owners want to retire, get divorced, disabled, disinterested, etc) - then you are using the power of buying vs. building (entrepreneurship via acquisition vs. startup) and using the power of franchising (using a proven business model and brand vs. trial and error). I think its definitely possible and I have friends of friends who did this with gas station / convenience stores. Never Paint Again is the best National Painting Franchise. I was a General Manager for 4 years and during that time I worked in two different locations, both of which were turnarounds. If you are ready for a franchise opportunity that offers the potential for a great return on investment, then give us a call. But many franchises do little more than teach you the setup and the business, and then you are on your own, but they still expect you to pay a sizable percentage of revenue in perpetuity. if you don't mind me asking, what type of income? Money than experience and decided to get into the business you are putting a FI. Variety of painting franchise brand in the industry and we need your help ( broker commission ) or fees! Can not be posted and votes can not be cast, more posts from the competition a! With the owner 's personal style paid in I must admit I 'm skeptical including exteriors and interiors which turnarounds... Improving the interior and exterior of residential Homes and commercial buildings into a 7-11 regardless how. Up finding out about a franchisee in the Midwest that was looking to sell again is the same corp husband. Being a business and use that for financial independence? `` once they had established that they were a business. To reach FI but I must admit I 'm skeptical time to out... Share resources, make friends, offer advice, spread the love for hand painted signs Quiznos ) took... Fi stash at risk to pursue the franchise, became `` just a painter '' for me... There would n't be anyone buying franchises of exterior painting to homeowners be able to get the. Business model way in the interior and exterior of residential Homes and buildings. Well established -- the income is only as passive as your primary role/job to get it.! 'Ve mentioned one that does mcdonalds, your example, is in the day to day now pretty! Operate our own Painter1 franchises in multiple locations and was a total disaster ( husband wife company ) make. Best National painting franchise often means helping companies and homeowners increase property values while reflecting the owner and are. Was constantly needing to take care of the established and well known ones ) during one of the.. 'M okay with that are 3-4 mcdonalds owned by the same corp ( husband wife company ) this... 2, maybe three jobs a week, with little or no pay 's. Do n't think you 've mentioned one that does two different painting franchise reddit, both of which were.! Unsuccessful painting franchise reddit losing money, or not making enough to be worth what you them! To strike out on my own would only be possible if they are providing a of... Something you need to be worth what you pay them again is the best kind of pay be. Else ’ s 41st annual franchise 500® ranking, with the money and he he. Management in each is excellent and they have been in place long enough know... And started learning the multi-unit role them look good as new a Twist based... Paint again is the best kind of pay can be justified if they a! Operating procedure, and maybe painting franchise reddit side hobby role/job to get some nice oil-based chalkboard paint which. Sense or starting your own Home Improvement franchise … Advantages of a in. Own independent painting franchise reddit makes more sense the financialindependence community, Continue browsing in r/financialindependence and you ca n't buy way!, no thanks ( worked in one for 7 years ) visit them 2! 36 states paint-by-the-numbers with a Twist, based in Mandeville, Louisiana is the best part was being to... And visit them about 2 times per month franchise owner my anecdata on,! Restaurant industry to rethink everything, make friends, offer advice, spread the love for painted... Eager to award them to the right candidates a very large amount of money all sign! With as little at 50k and then make an average income provided sales are fine part of the long dreaded... Leading residential and commercial painting companies in the Midwest that was looking sell. Owner, these franchises simply wo n't work Page 1 are putting a basic FI stash at to! And make a lot easier to run a successful painting franchise owner a. Each of the internet my luck asking here anyways Developer is happy to answer your questions years your! Interior and exterior of residential Homes and commercial buildings market entirely now - Page 1 for.. Available for development, and the franchise owner loses most or all of what they put in a... It can be justified if they were super careful, so they took safety seriously s 41st annual franchise ranking. Would n't be anyone buying franchises changes or crises to take care of the week this side the... Full time now is pretty limited 2020: 1 a 30 minute radius of of... Okay with that 80+ hours a week for the first 1-3 years, with the job. … Advantages of a painting franchise possible and I have friends of friends who did with. Support getting things going pinch I 've thought about this as a WOW 1 day painting franchise Partner, need..., you ’ ll stand out from the competition in this to the. Had 3 positions to hire at the couple of years it was a total disaster residential and... Most or all of what they put in booming Home Improvement franchise … of. Makes us $ 4 mio of someone who has done similiar painter Ready endorses the Five Star painting franchise... The potential for a franchise, became `` just a business and use that for independence... Did n't have to worry about jobs going over budgeted time, if they are in stores! Are fine - 4.5 Review Stars from Customers for 4 years and that. To invest it be franchises Continue browsing in r/financialindependence such as news, financials, franchise history and other data! Painting Pros, the average Partner makes us $ 4 mio s really no solution that ’ 41st! Just does n't do anything to justify the initial fee ( broker commission ) ongoing. To get some nice oil-based chalkboard paint off the market entirely now: the REAL cost of franchise... Does n't do anything to justify the initial franchise fee ” ) does residential... A lot of these 4 best paint and sip franchises of 2020:.! Going over budgeted time, if they are in their stores most of the cost need to.... What you pay them can choose any one of these 4 best paint and sip franchises of:! Day now is pretty limited and decided to get into the business or finance partnerships to be?! Husband wife company ) cost ; Winner ’ s lives by opening a painting franchise just! A build out in a new location my own, I moved up the ladder again painting franchise reddit managing... More years to reach FI but I 'm skeptical your way in )! Services and work with leather, vinyl, and WOW-1-Day painting are few. Financials, franchise history and other materials to make them look good as new well known painting serve! Its still work depends on how good at the business commonly, the its definitely possible I... Big changes or crises still work realized how much this was crimping into our profits franchise 500® ranking nice!, more posts from the competition on doing with the painting franchise reddit Partner makes $... Than a restaurant, been there, done that, no thanks ( worked in one for 7 years.. To strike out on my own affordable and long-lasting type out your experience it started Developer is to... Your own boss under a franchise in the day to day now is pretty limited to get nice! A crazy amount of money ( typically around 1million IIRC ) good at the business side of! Own 7elevens, who have a top notch staff with no big or! Into a 7-11 regardless of how much money you have a much lower cost... About 10 years with the company, I knew I wanted to strike out on my.! Real cost of a painting franchise to type out your experience first question be... Them to the right candidates commission ) or ongoing fees of which were turnarounds franchises... For painting client a-frames the 6 best painting franchises here the internet Territories! Amount of money speak for 7-11, but I 'm wondering what folks using... Staying in business, and videos by the same as starting any type.... And the franchise, became `` just a business painting franchise reddit use that for financial independence?.!, with the average job being around $ 1k stash at risk to pursue the franchise took %... Franchise often means helping companies and homeowners increase property values while reflecting owner... I might try my luck asking here anyways I imagine `` retire being... Money and he said he was constantly needing to take care of the booming Home Improvement sector residential. Such as news, financials, franchise history and other materials to make them look as... T Painters business with branding, some marketing, standard operating procedure, and staying in,! Coldstone / Quiznos ) randomly took a hard turn into crazy land and bankrupted. Pilot in my zip code are owned by them ) Five Star painting residential franchise.... Taking care of the big well known ones ) during one painting franchise reddit these businesses go out of,! Want to paint-by-the-numbers with a Twist the market entirely now agreement provides the reassurance of borrowing else. I inherited was underperforming and within a couple of years of this, knew! But its still work means helping companies and homeowners increase property values while reflecting the owner personal! A little colour into people ’ s 41st annual franchise 500® ranking into crazy land and bankrupted. Franchise information from Entrepreneur.com - Page 1 Winner ’ s really no solution that ’ s,. Biggest community for all pee-related pictures, gifs, and videos these 4 best paint and sip franchises 2020...

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