Five Star Painting Franchise FDD, Costs & Fees (2024)
KEY FRANCHISE STATS
All you need to know about this franchise in a snapshot
Initial franchise fee
$45,000
Investment required
$77,000 - $185,000
Five Star Painting: Transforming Spaces with Superior Painting Services
Five Star Painting is a well-established residential and commercial painting franchise that has grown significantly since its inception. The company was founded in 2004 by two friends who began by painting homes to pay for their college education.
Their business model proved successful, and they began franchising just a year later, in 2005. In January 2015, Five Star Painting became part of the Neighborly family, a community of home service brands that now includes over 4,500 franchise locations globally.
Headquartered in Waco, Texas, Five Star Painting has expanded its presence across North America, with multiple independently owned and operated locations throughout the United States and Canada.
The franchise specializes in high-quality interior and exterior painting services, using premium paints from well-known brands like Sherwin-Williams and Behr. What sets Five Star Painting apart from other painting companies is its commitment to delivering meticulous, customer-focused service, including a two-year warranty on their work, which is one of the longest in the industry
Initial investment
Here's what you would need to invest if you were to start this franchise. These costs are provided by the franchisor in the Franchise Disclosure Document.
| Type of Expenditure | Amount |
| Initial Franchise Fee | $45,000 - $45,000 + $230 per 1,000 additional population over minimum |
| Software System Fee | $1,250 - $1,250 |
| Call Center Fee | $350 - $350 |
| Vehicle | $3,000 - $40,000 |
| Equipment, Supplies & Inventory | $2,400 - $11,550 |
| Insurance | $2,500 - $9,000 |
| Advertising & Promotional and Local Marketing Spending | $15,000 - $50,000 |
| Training, Travel, Lodging & Food | $1,500 - $4,000 |
| Deposits, Permits & Licenses | $0 - $1,750 |
| Professional Fees | $250 - $5,000 |
| Real Estate | $0 - $6,000 |
| Additional Funds - 6 Months | $6,200 - $10,600 |
| Totals | $77,450 - $184,530 + any additional franchise fee + any real estate costs |
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Franchise Disclosure Document
Training
The Five Star Painting franchise offers comprehensive training designed to ensure that franchisees are well-prepared to run a successful painting business. The training program typically includes several key components:
- Initial Training: This is an in-depth training session that takes place at the Neighborly headquarters in Waco, Texas. It covers essential aspects of running a Five Star Painting franchise, including business operations, marketing, sales, and customer service. The training is designed to provide new franchisees with the knowledge and tools they need to start their business effectively.
- On-the-Job Training: In addition to the classroom-style instruction, franchisees also receive hands-on training in the field. This practical experience allows them to learn the ins and outs of the painting industry, including estimating jobs, managing painting projects, and ensuring quality control.
- Ongoing Support: After the initial training, Five Star Painting provides ongoing support to franchisees through regular coaching sessions, webinars, and access to a network of experienced franchisees. This continuous support helps franchisees stay updated on best practices and navigate any challenges they may encounter in their business.
- Technology Training: Five Star Painting franchisees are also trained on the proprietary software and technology tools that the franchise uses to streamline business operations. This includes training on scheduling, customer relationship management (CRM), and other digital tools that help franchisees manage their businesses efficiently.
Territory Protection
Five Star Painting franchise offers territory protection to its franchisees. Each franchisee is granted an exclusive territory, which means that no other Five Star Painting franchise can operate within that designated area.
This protection allows franchisees to build and grow their business without direct competition from other franchisees within the same brand, helping to safeguard their investment and maximize their market potential.
The protected territories are typically defined based on factors like population size, geographic boundaries, and the local demand for painting services.
