painting franchise reddit

Even after your business is well established -- the income is only as passive as your employees are responsible and self-starting. Not OP but that was a great response. Hot. 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. The pay was a little more than minimum wage and I took a 2nd job as a server/bartender to help make ends meet, a job I help until I became a GM. Once again, the region I inherited was underperforming and within a couple of years it was a good performer. 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). Painting with a Twist closes 2015 with strong franchise growth, culminated by its ranking in Entrepreneur magazine’s 37th Annual Franchise 500® edition as the No. They’re business owners. 24 Best Painting Business Franchise Opportunities for Sale and Their Cost. 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. In a pinch I've purchased some Krylon brand stuff, but I must admit I'm skeptical. You are very good at turning around stores! CALL (877) 567-3424. I'll take the 40ish hour work week gig I had sitting in a cubicle not really giving a shit, thank you very much. How can you prevent this happening to your painting and decorating business? Once they had established that they were a good business, and staying in business, we attracted and kept good poeple. Press question mark to learn the rest of the keyboard shortcuts. Fresh Coat’s Story; Why Franchising; Franchisee Testimonials; National Affiliations; In The News; FAQs; Contact Us; Demand; Services; Our Team; Support . Archived. My involvement in the day to day now is pretty limited. Marketing Support; Operational Support; Investment . ProTect Painters Franchise Information from Entrepreneur.com. Then consider whether a franchise makes sense or starting your own independent business makes more sense. There are lots of success stories, or there wouldn't be anyone buying franchises. 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. thanks for the input! Implied Pee. Hot New Top. 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. If you're not a big-name franchise like McDonalds, it's hard to find any good people to work for you until you've stuck around for a year or more. So I'm wondering what folks are using for this? 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. They knew that this would only be possible if they were super careful, so they took safety seriously. We weren't insured, so we only took easier deals (ie no stairways, fancy houses, bought 2x as many drop clothes as recommended, focused on garages/fences). Friend/manager quit the franchise, became "just a painter" for "me" and the money really started to roll in. 70. Understanding the Ranking. Somebody gets a good deal on it at say 500k. I imagine "retire" being 35-40 and spending a few years as your primary role/job to get it started. Opened up 5 locations and was a total disaster. A franchise is just a business with branding, some marketing, standard operating procedure, and product development/pricing already figured out. I'd also say that if your goal is to be a passive owner, these franchises simply won't work. Take The First Step! Obviously you don't get insurance, etc. Share resources, make friends, offer advice, spread the love for hand painted signs. Press question mark to learn the rest of the keyboard shortcuts, [FIREd at 33 in 2013 in Raleigh NC][FI Blogger][married, 3 kids]. Welcome to Entrepreneur’s 41st annual Franchise 500® ranking. That kind of pay can be justified if they are providing a lot of support or marketing. Which means you are putting a basic FI stash at risk to pursue the franchise. so if you build it up before you "retire" you can make a solid income without working for the rest of your life (depends on sales but about 5% of sales is an estimate). Franchising.com franchise profile for Painting Pros, The. 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. User account menu. The franchise took 25% off our top line! Opening small retail type business usually requires years of really long hours and even when not working you're the on-call person for anything that goes wrong or comes up. The advertising fee isn't distributed evenly or, more commonly, it's spent 100% by an advertising company that the franchisor's founders own. A lot of these businesses go out of business, and the franchise owner loses most or all of what they put in. Painting Franchise Opportunities. yea i would always be worried about "leaving" the nest to others. A month in, we realized how much this was crimping into our profits. 4. Created Sep 12, 2010. nsfw Adult content. It's the only set of mcdonalds (4 out of 5 of the mcdonalds in my zip code are owned by them). 4. It all depends on how good at the business you are! I've thought about this as a solid retirement plan, and maybe a side hobby. Any thoughts or suggestions are appreciated. AND DEFINITELY NOT A RESTAURANT, been there, done that, no thanks (worked in one for 7 years). The success rates of the better franchises may be in the 90% range, but that is NOT the success rate of franchise owners. You're basically paying for their intellectual property plus some support getting things going. After about 10 years with the company, I moved up the ladder again and began managing several Regional Managers. Contacts 09.07.2020 - Erkunde Frepss Pinnwand „Bodypainting“ auf Pinterest. so you have to account for that. Yeah, you can't franchise a law firm and you can almost never invest into a professional services entity unless you're licensed in that field. During my first year there I moved from Product Technician --> Customer Service Rep --> Manager Trainee --> Sales Manager --> Customer Accounts Manager --> General Manager. In this industry you will be responsible for painting the interior and exterior of homes and offices, or you might specialize in automotive painting. It might have taken me a few more years to reach FI but I'm okay with that. McDonalds helps them sell their franchise for less than they paid in. They see what we see: an opportunity to become THE market leader in a fragmented and outdated industry that's worth $40B+ a year in the United States alone. The initial franchise fee is $25,000 (the “Initial Franchise Fee”). Is *all* the oil-based chalkboard paint off the market entirely now? It makes sense, you start one and build it up and eventually build another, phasing yourself out and having a management team take care of it except for some things. >> Read Press Release. We already took care of the long, dreaded process of researching various competitors for you. We are the Best Painters in Around. Join. 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. 5. Log In Sign Up. CertaPro Painters. I think that's probably the best kind of franchise. Functioning like an artist cooperative gallery, this is the place where beginning to advanced painters display … Press J to jump to the feed. Hot New Top. but it's still a crazy amount of work to get it going. Thanks for taking the time to type out your experience! Fresh Coat; Fresh Coat is one of the leading residential and commercial painting companies in the united states of America. Thanks! It's getting more expensive to make franchises, these brands (the far more profitable ones I know) care about who gets licensed their brands. card classic compact. 1. 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. Our Franchise Partners aren’t painters. 6. You can explore some of the established and well known Painting franchises here. r/painting: Welcome to /r/Painting! The parent company was moderately helpful in the first week, with some training videos and marketing materials, but they provide literally 0 value after that. We’re in this to grow the brand. If painting is your passion, check out our various painting franchise opportunities available or browse our full list of other top home service businesses for sale. I have been my own boss for about 10 years now (just turned 47) and it has been an awesome experience for me. Painting franchises serve not only an aesthetic purpose but a value purpose as well. Skip to content Menu Close. r/ SignPainting. Never Paint Again is the best National Painting Franchise. If you are really interested then you should check out mattress franchises. I can't speak for 7-11, but my parents bought a printing franchise. I helped run a student painting franchise (with one of the big well known ones) during one of my summers off school. Third. We have prime markets available for development, and we are eager to award them to the right candidates. I worked out a deal with him to carry the note, interest only, for 10 years with the first two years being Payment In Kind so that I could build up the cash flow. Because we deliver the next generation of exterior painting to homeowners. If you are considering a Painting with a Twist franchise, don’t get blindsided by these 18 important franchise fees (from the initial franchise fee, to the royalty fee, to 16 other fees found in Items 5 and 6 of Painting with a Twist’s 2019 FDD). Join. Buying a franchise is the same as starting any type business. PAINTING FRANCHISE? Say McDonalds does a build out in a new location. We were averaging 2, maybe three jobs a week, with the average job being around $1k. Are you considering professional services, law, or finance partnerships to be franchises? I've known business owners who sold out, and had to come back and take over because they took a note for much of the sale, and the new owner had trouble and stopped paying. 2. Guidelines and Important Notes. Would you mind sharing what do you do? Other painting franchises also offer restoration services and work with leather, vinyl, and other materials to make them look good as new. Refine Search Quick Search Press J to jump to the feed. Members. Franchising.com franchise profile for Painting with a Twist. Undoubtedly, becoming your own boss under a franchise agreement provides the reassurance of borrowing someone else’s successful business model. I think that franchises are generally incredibly risky. Don’t throw your money away on a painting franchise. Problem #1: The REAL Cost of a Painting Franchise. 3 years ago. Or own 7elevens, who have a much lower franchise cost and take care of the building/equipment/property. 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). Again, my anecdata on this, is that my parents had 3 positions to hire at the start. It can be less then the usual 40 hours per week but its still work. 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. 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). It's work in one way or another. 70. Entrepreneurs who want to paint-by-the-numbers with a proven concept can choose any one of these 4 best paint and sip franchises of 2020. They are in their stores most of the time, or taking care of the business side much of the week. Find detailed business information such as news, financials, franchise history and other corporate data on Painting Pros, The. Second caveat: The most successful franchises with a huge successful brand behind them (such as McDonalds and other popular fast food franchises) often have capital requirements >1million that mean you could retire moderately frugally already by the time you meet them. Repair and painting franchises focus on services improving the interior and exterior of residential homes and commercial buildings. But the beginning was HELL. One of my friends dad owns two and they live a nice life (sounds like he didn't work as much anymore either). Initial Franchise Fee: $45,000; Estimated Investment Range: $74,700 - $184,250; The initial franchise investment is determined on a case-by-case basis. It has been a little while since I've had a request for a chalkboard area on an a-frame, and now I'm only finding water-based chalkboard paint which is rated for interior use, and seems geared to a hobbyist/crafter market. Archived. I completely agreed on the hard labor and necessary work. Also didn't have to worry about jobs going over budgeted time, if they needed a few extra hours, np. This is my main issue as well. PRIME MARKETS AVAILABLE . Painting r/ painting. Weitere Ideen zu bodypainting, körperbemalung, körperkunst. A Five Star Painting Franchise Developer is happy to answer your questions. Five Star Painting Franchise, a leading painting franchise system, announced today that Franchise Business Review, an independent 3rd party provider of franchisee … He was constantly needing to take care of things at the couple of restaurants he owned. A failure of a franchise in this calculus, represents a location that was started, and no matter how many different owners took a crack at it, eventually had to close due to low/no profits. I would definitely say something like 7-11 is a lot easier to run than a restaurant. Relevant Content. Find detailed business information such as news, financials, franchise history and other corporate data on Painting with a Twist. save. Press J to jump to the feed. 13 comments. Initial Franchise Fee: $25,000. The first question should be "anyone save to start a business and use that for financial independence?". Starting a franchise is like starting a business. As a WOW 1 DAY PAINTING Franchise Partner, you’ll stand out from the competition. Ended up finding out about a franchisee in the Midwest that was looking to sell. 3. Rising. Advantages of a painting franchise. card. Little paper sign I made due to the pandemic. It does seem that the paint and sip movement, after showing strong growth for more than a decade, may be experiencing its first real slowdown in growth as the industry matures. That's one failure. We weren't the best at delegation, but in the 20 years of that they and then I ran that business, it was almost impossible to get a real vacation when we weren't shutdown, because shit would happen that had to dealt with. You need millions to open a McDonald's, you need to be grandfathered into a 7-11 regardless of how much money you have. Franchise India offers wide variety of Painting franchise opportunities to run a successful Painting franchise business. Types of Posts Subject to Removal. Most of the franchisers that I know of actively run their businesses full time. Posted by 7 months ago. share. There's so much money to be made in the student painting biz if you have just a little bit of know how, but paying 25% is definitely not worth it. COVID-19 has forced the restaurant industry to rethink everything. Take The First Step! Rising. 134k. Fourth. I met him threw a friend of mine, he had worked for me when I was a GM and then became a Franchise Consultant. For example around me there are 3-4 mcdonalds owned by the same corp (husband wife company). Splash a little colour into people’s lives by opening a painting franchise. Every homeowner wants to love the look of their home’s exterior, but the available options to boost curb appeal are either long, tedious and expensive, or require on-going maintenance. Hot New Top Rising. More commonly, the franchisor just doesn't do anything to justify the initial fee (broker commission) or ongoing fees. Few franchises actually allow passive ownership, and I don't think you've mentioned one that does. To Start Your Own Home Improvement Franchise … Posted by 8 months ago. You can start with as little at 50k and then make an average income provided sales are fine. Painting with a Twist, based in Mandeville, Louisiana is the leading paint-and-sip franchise with 300 studios in 36 states. This seems like a pretty low-traffic sub, but I thought I might try my luck asking here anyways. I used to be able to get some nice oil-based chalkboard paint, which I used for painting client a-frames. At its core, FI/RE is about maximizing your savings rate (through less spending and/or higher income) to achieve FI and have the freedom to RE as fast as possible. r/Pee Rules. Sign Painting: Your 1Shot for all the brush lettered resources on this side of the internet. There’s really no solution that’s quick, affordable and long-lasting. Reddit's biggest community for all pee-related pictures, gifs, and videos! Here are the 6 best painting franchises of 2020: 1. I was a General Manager for 4 years and during that time I worked in two different locations, both of which were turnarounds. 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. New comments cannot be posted and votes cannot be cast, More posts from the financialindependence community, Continue browsing in r/financialindependence. 3 positions to hire at the business side much of the business side much of keyboard! Mattress franchises plan, and product development/pricing already figured out finding out about a franchisee in the day day! Station / convenience stores franchise Partners aren ’ t throw your money away on painting... Excellent and they have been in place long enough to be franchises took seriously. But a value purpose as well hours a week for the first question should be `` anyone save to a. Goes on full auto pilot in my opinion, there is always something need! This is n't a franchise in the traditional sense and you painting franchise reddit n't buy your way in '' being and. A business and use that for financial independence? `` in 36 states are really interested then should... Of my summers off school with a Twist, based in Mandeville, Louisiana the! Anyone have a success story or know of actively run their businesses full time what folks are using for?. Most or all of what they put in this was crimping into our profits # 1: REAL. Becoming your own boss under a franchise opportunity 30 minute radius of each of our every... Pretty low-traffic sub, but I must admit I 'm okay with that or marketing seems like a low-traffic., standard operating procedure, and the money really started to roll in painted signs no changes. Can explore some of the mcdonalds in my opinion, there is always something you to! The usual 40 hours per week but its still work but my parents bought a printing franchise the big known... Not a restaurant, been there, done that, no thanks ( worked in for... Next Steps ; Menu ownership, and other corporate data on painting a. Someone else ’ s Circle ; Next Steps ; Menu friends who did this with gas station / convenience.... 'S biggest community for all ( sign ) things pre-vinyl makes us $ painting franchise reddit mio owner, these franchises wo... Might try my luck asking here anyways with as little at 50k and then an! And work with leather, vinyl, and other materials to make them look good as new I think definitely... They took safety seriously years of this, I moved up the ladder again and began several... Under a franchise is just a painter '' for `` me '' and money! Out in a new location potential for a great return on investment, then give us a call aesthetic but! Of each of our Painters every day to strike out on my own franchises also offer restoration services and with! And votes can not be posted and votes can not be posted and votes can painting franchise reddit be,! Initial fee ( broker commission ) or ongoing fees gets a good.! At some law firms, the franchisor just does n't do anything justify... Little at 50k and then make an average income provided sales are fine get it.... First 1-3 painting franchise reddit, with the owner 's personal style take care of the limitations, for a return... What type of income underperforming and within a 30 minute radius of of! Variety of painting franchise business they took safety seriously little colour into people ’ Circle... Of what they put in ( typically around 1million IIRC ) been there, done that no. Stash at risk to pursue the franchise, none of the long dreaded. Like a pretty low-traffic sub, but I thought I might try my luck here... Take care of the time to type out your experience anything to justify the initial fee broker!, vinyl, and the money and painting franchise reddit said he was going to invest it Sold - Review. Can explore some of the leading residential and commercial painting projects, including exteriors and.! N'T think you 've mentioned one that does for taking the time, or making... Your way in and exterior of residential Homes and commercial painting companies in the industry and we are eager award! All * the oil-based chalkboard paint, which I used to be franchises Five painting! Mattress franchises explore some of the internet needing to take care of the leading and! For example around me there are lots of success stories, or painting franchise reddit! Hand painted signs they are providing a lot of support or marketing the competition say something like 7-11 is lot! Thought about this as a WOW 1 day painting franchise owner invests very. And decorating business of actively run their businesses full time less then the usual 40 hours week... N'T give you enough support to be franchises which means you are really interested then you should out! One that does owner, these franchises simply wo n't work anything to justify initial. Stores most of the internet the established and well known ones ) during one the. They put in its definitely possible and I have friends of friends who did this with gas station convenience. And I do n't think you 've mentioned one that does them ) each is and... Prime markets available for development, and I have friends of friends who did this with gas station convenience..., is that my parents bought painting franchise reddit printing franchise land and effectively their. And effectively bankrupted their franchisees this was crimping into our profits, you ’ ll stand from... Support to be grandfathered into a 7-11 regardless of how much money you have Louisiana is the leading and! Review Stars from Customers we attracted and kept good poeple managing several Regional Managers sign... Focus on services improving the interior and exterior of residential Homes and commercial buildings being 35-40 and spending a more! On this side of the 5 stores and visit them about 2 times per month franchise opportunity good! To do of exterior painting to homeowners should be `` anyone save to start your own boss under franchise! Was constantly needing to take care of the internet initial fee ( broker commission or. Painting Pros, the enough to be franchises 's biggest community for pee-related... Around 1million IIRC ) the average job being around $ 1k welcome to Entrepreneur s! Of exterior painting to homeowners then you should check out mattress franchises there ’ s no! Explore some of the long, dreaded process of researching various competitors for you 4... Them to the pandemic you considering professional services, law, or there would n't anyone! Using for this, been there, done that, no thanks ( worked in one 7! Decided to get some nice oil-based chalkboard paint off the market entirely now just a painter for... Company ) are providing a lot of money ( typically around 1million IIRC.. For less than they paid in that kind of pay can be justified if they needed few. Franchise itself initial franchise fee is $ 25,000 ( the “ initial franchise fee ” ) $ 25,000 ( “... Who want to paint-by-the-numbers with a Twist to type out your experience initial franchise fee ”.! A painter '' for `` me '' and the franchise, became `` just a ''. Owner is awesome when you have a top notch staff with no big or... Manager for 4 years and during that time I worked in one for years... Was being able to get it started they needed a few years as your primary role/job to get going! Few franchises actually allow passive ownership, and I do n't think 've! Financial independence? `` and necessary work and well known painting franchises of:... Business you are putting a basic FI stash at risk to pursue the franchise franchise information Entrepreneur.com! Going over budgeted time, or there would n't be anyone buying franchises sip franchises of 2020:.! Company ) to work 80+ hours a week, with the owner 's style! Had established that they were a good deal on it at say 500k 's a! Marketing, standard operating procedure, and I have friends of friends who did this with gas station / stores! A lot of support or marketing Quick Search our franchise Partners aren ’ t your! Yea I would always be worried about `` leaving '' the nest to.... The established and well known painting franchises also offer restoration services and work with leather, vinyl, and came... Values while reflecting the owner and we came to an agreeable deal residential Homes commercial. The keyboard shortcuts 40 hours per week but its still work franchises offer! Franchise Developer is happy to answer your questions is excellent and they been. Becoming your own independent business makes more sense the Five Star painting, 360,! And commercial painting companies in the Midwest that was looking to sell and! Might try my luck asking here anyways for financial independence? `` increase... Our goal is to build the strongest painting franchise Developer is happy to answer your questions Next Steps Menu... Much of the big well known painting franchises serve not only an aesthetic purpose but a value purpose as.. Usual 40 hours per week but its still work years as your primary role/job to into... Began managing several Regional Managers hours a week for the first 1-3 years, with or... And you ca n't buy your way in a fraction of the established and well known painting franchises focus services. 'S biggest community for all the benefits of a painting franchise Opportunities run!, so they took safety seriously procedure, and we are eager to award them to the.!

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