Painter1 Franchise FDD, Costs & Fees (2024)

KEY FRANCHISE STATS

All you need to know about this franchise in a snapshot

Initial franchise fee
$49,500
Investment required
$71,000 - $153,000
Royalty fee
5.00%

Painter1: Revolutionizing Quality and Service in the Painting Industry

Since its inception in 2012, Painter1 has made a name for itself as a top-tier franchise in the painting industry. Based in Waco, Texas, the company has rapidly grown, extending franchise opportunities nationwide since it began franchising in 2015. Painter1 invites entrepreneurs to join its journey of revolutionizing the painting industry.

Painter1 is dedicated to excellence, skilled craftsmanship, and ensuring customer satisfaction. Offering a broad range of services for both residential and commercial projects, Painter1's expertise includes interior and exterior painting, cabinet refinishing, popcorn ceiling removal, and more.

What sets Painter1 apart from other painting services is its steadfast commitment to quality and professionalism. Each project is handled with precision and care, utilizing high-quality paints, advanced techniques, and eco-friendly practices to deliver outstanding results that surpass client expectations. Additionally, Painter1 distinguishes itself through a customer-focused approach and the integration of cutting-edge technology.

Transparency, communication, and integrity are at the core of Painter1's operations, fostering trust and building long-term relationships with clients. By employing state-of-the-art project management systems and efficient processes, Painter1 ensures minimal disruption and maximized efficiency, establishing a new benchmark for reliability and convenience in the painting sector.

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 $49,500
Grand Opening Advertising $3,000
Advertising $9,000 to $10,000
Computer Equipment $800 to $1,800
Travel and Living Expenses to Attend Training and Payment/Reimbursement $1,000 to $7,500
Contractor License $300 to $500
Licenses and Bonds $0 to $1,500
Accounting Software $360 ($60/month)
Cell Phone $600 to $720 ($100 to $120/month)
Insurance $360 to $1,500 ($60 to $250/month)
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 $3,500
Vehicle $0 to $50,000
Miscellaneous Opening Costs $250 to $750
Additional Funds – 6 months $6,000 to $10,000
TOTAL $71,270 to $153,380

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Number of units

2024
Franchised units

31

36

38

Company-owned units

0

0

0

Total units

31

36

38

Franchise Disclosure Document

Training 

The franchisor offers extensive training to franchisees, covering all key aspects of running the franchise. The training program includes:

Initial Training: This starts with a 1-2 day session at the corporate offices or another specified location, introducing the franchise system, software, business development strategies, operational procedures, and marketing plans. Following this, franchisees undergo a 1-2 day practical application session with an assigned mentor in the mentor's territory.

Franchisee Mentor Program: After the initial training, franchisees collaborate with a mentor to complete a training program checklist, receiving remote support via phone and email. About 4-6 weeks after beginning operations, the mentor provides an additional 2 days of on-site training in the franchisee's territory.

Refresher Training and Seminars: Periodically, the franchisor offers refresher courses and seminars, which franchisees or their managers must attend. These sessions focus on updating skills and knowledge with the latest operational practices and standards.

Supplemental Training: Franchisees can request additional training at the headquarters or other locations, covering advanced topics or specific areas of interest. This customizable training is available at the franchisee's expense.

On-site Training and Supervision: The franchisor may also provide further on-site training and supervision in the franchisee's territory to ensure the franchise operation adheres to required standards and practices.

Territory Protection

The franchisor does not guarantee exclusive territory protection to its franchisees. Franchisees are not assigned exclusive territories and may encounter competition from other franchisees, franchisor-owned outlets, or other distribution channels or competitive brands managed by the franchisor.

Franchisees are strictly prohibited from providing painting or related services outside their designated Franchise Territory without prior written consent from the franchisor.

While the franchisor has occasionally offered limited territorial protections, franchisees typically cannot operate in territories assigned to another Painter1 franchisee who has been granted such protections. To operate outside their designated state boundaries or Franchise Territory, franchisees must obtain prior written consent from the franchisor and sign a separate franchise agreement for the new territory.

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