Painter1 Franchise Costs, Fees & Owner Salary (2023)

INVESTMENT

$71,000

-

$134,000

LOCATIONS

36

Adam

Updated

May 2, 2024

Is

Painter1

a franchise?

Yes,
Painter1
currently
accepts
franchise
applications

Painter1 is a distinguished franchise renowned for its exceptional painting services, reshaping the industry landscape since its inception in 2012. With its headquarters centrally located in Waco, Texas, Painter1 has swiftly expanded its reach, offering franchise opportunities across the United States. The franchise commenced its franchising operations in 2015, opening doors for ambitious entrepreneurs to join its mission of redefining the painting experience.

At the heart of Painter1's offerings is a commitment to excellence, craftsmanship, and customer satisfaction. Specializing in both residential and commercial painting projects, Painter1 delivers a comprehensive suite of services encompassing interior and exterior painting, cabinet refinishing, popcorn ceiling removal, and more.

What distinguishes Painter1 from its competitors is its unwavering dedication to quality and professionalism. Each project is approached with meticulous attention to detail, utilizing premium paints, innovative techniques, and eco-friendly practices to ensure superior results that exceed client expectations. Moreover, Painter1 sets itself apart through its customer-centric approach and cutting-edge technology integration.

The franchise prioritizes transparency, communication, and integrity throughout every stage of the painting process, fostering trust and long-term relationships with clients. By leveraging state-of-the-art project management systems and streamlined processes, Painter1 maximizes efficiency while minimizing disruptions, setting a new standard for reliability and convenience in the painting industry.

How many

Painter1

franchises

are there?

In 2022, there were
36
outlets in
the United
States, of which
36
are franchises, and
0
are corporate-owned.

What are the

Painter1

franchise

fees?

Advertising fee

2.00%

Initial Franchise Fee

The Initial Franchise Fee is $49,500. This fee is paid in consideration of various expenses and for the opportunity to sell franchises in the Franchise Territory. This fee is non-refundable.

Royalty Fee

You will pay a Royalty Fee equal to 5% of your monthly Gross Sales, with a $500 monthly minimum starting from the 3rd month after completing the initial training program. This fee decreases to 4% for Gross Sales over $1 million in any calendar year.

Brand Development Fee

A Brand Development Fee equal to 2% of your monthly Gross Sales is payable, with a $200 monthly minimum starting from the 3rd month after completing the initial training program.

Bookkeeping Services Fee

The current fee for bookkeeping services is $150 per month, payable monthly by the 7th day of each month for the prior month. You are required to use the franchisor's designated bookkeeper or vendor for these services.

Transfer Fee

If transferring the franchise, you will pay a Transfer Fee not exceeding $5,000 to cover legal, accounting, credit check, and investigation expenses. Additionally, a 10% commission on the gross transfer price is due if the franchisor finds the transferee.

Renewal Costs

For franchise renewal, you may be charged up to $5,000 plus applicable taxes to cover out-of-pocket costs related to the renewal process. You might also need to refurbish or replace the Franchise equipment to conform to current standards, with no set limit on the amount required for such updates.

Note: The fees presented here can be found in the Item 5 of the Franchise Disclosure Document. For a complete list of all the fees borne by the franchisee, please consult the Franchise Disclosure Document.

How much does

it cost

to start a

Painter1

franchise?

It costs between
$71,000
and
$134,000
to start a
Painter1
franchise.
Type of Expenditure Amount
Initial Franchise Fee $49,500
Grand Opening Advertising $3,000
Advertising $9,000 to $10,000 (over first 3 months)
Computer Equipment $800 to $1,800
Travel and Living Expenses to Attend Training $1,000 to $5,000
Contractor License $300 to $500
Licenses and Bonds $0 to $1,500
Cell Phone $600 to $720 ($100 to $120/month)
Insurance $360 to $1,500
Clothing and Uniforms $0 to $250
Supplies and Equipment Inventory $0 to $7,500
Lease and Utilities Deposits and Payments $0 to $1,500
Franchise Premises Rent $0 to $3,000
Office Set-up $0 to $500
Car Signs/Decals $100 to $1,500
Vehicle $0 to $35,000
Miscellaneous Opening Costs $250 to $750
Additional Funds – 6 months $6,000 to $10,000
Total $70,910 to $133,520

Note: The table above provides a snapshot of the main costs associated with starting the most common franchise format (as disclosed in the Item 7 of the Franchise Disclosure Document). For a complete overview of all the expenses involved with the various formats offered by the franchisor, please consult the Franchise Disclosure Document.

Does

Painter1

provide

training

to its

franchisees?

Yes,
Painter1
provides
training

The franchisor provides comprehensive training for franchisees, covering various aspects of franchise operation. The training program includes:

  • Initial Training: This begins with a 1-2 day session at the corporate offices or another designated location, introducing the franchise system, software, business building strategies, operational practices, and marketing plans. Following this, franchisees participate in a 1-2 day session with an assigned mentor in the mentor's territory, focusing on practical application.
  • Franchisee Mentor Program: After the initial training, franchisees work with a mentor to complete a training program checklist, receiving remote support via phone and email. Approximately 4-6 weeks after starting operations, the mentor provides an additional 2 days of on-site training in the franchisee's territory.
  • Refresher Training and Seminars: Periodically, the franchisor may offer refresher courses and seminars, which franchisees or their managers are required to attend. These events focus on updating skills and knowledge based on the latest operational practices and standards.
  • Supplemental Training: Upon request, franchisees can receive further training at the headquarters or other locations, covering advanced topics or specific areas of interest. This training is customizable based on the franchisee's needs but comes at the franchisee's expense.
  • On-site Training and Supervision: The franchisor may also provide additional on-site training and supervision in the franchisee's territory, ensuring the franchise operation meets the required standards and practices.

Does

Painter1

provides

territory

protection?

The franchisor does not provide exclusive territory protection to its franchisees. Franchisees will not receive an exclusive territory and may face competition from other franchisees, outlets owned by the franchisor, or other channels of distribution or competitive brands controlled by the franchisor.

Franchisees are prohibited from performing any painting or related services outside their designated Franchise Territory without the franchisor's prior written consent.

In some cases, the franchisor has offered limited territorial protections; however, franchisees are generally not allowed to operate in territories belonging to another Painter1 franchisee that has been granted such protections. If a franchisee wishes to operate outside their designated state boundaries or Franchise Territory, they must obtain prior written consent from the franchisor and execute a separate franchise agreement for the new territory​​​​.

Can a

Painter1

franchise

be run as

a passive

investment?

The franchisor requires the franchisee to actively participate in the daily affairs of their franchise business. Specifically, the franchisee or their majority owner, if the franchise is owned by a corporation, limited liability company, or partnership, must actively participate in the day-to-day operations.

This requirement underscores the importance of the franchisee's direct involvement in managing and overseeing the franchise's operations to ensure its success and adherence to the franchisor's standards and procedures​​. However, the franchisee is not obligated by the Franchise Agreement or any other contractual obligation to participate in the day-to-day operations themselves.

They may appoint a manager to handle the daily operations, provided that this manager has successfully completed the franchisor's initial training program. It's crucial that the franchisee exercises due diligence in selecting employees, including the manager, to maintain the franchise's operational standards.

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