In this exclusive Franchise Chatter FDD Talk post, you’ll learn the following:
Section I – Estimated initial investment (franchise costs) for a Fresh Coat Painters franchise, based on Item 7 of the company’s 2023 FDD
Section II – Initial franchise fee, royalty fee, and marketing fee for a Fresh Coat Painters franchise, based on Items 5 and 6 of the company’s 2023 FDD
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Section IV – News updates on the Fresh Coat Painters franchise opportunity
Section V – Presentation and analysis of Fresh Coat Painters’ financial performance representations (average revenues and/or profits), based on Item 19 of the company’s 2023 FDD, including information on the:
- 2022 average, median, highest, and lowest gross revenue and gross profit percentage for the 88 single-unit and multi-unit Fresh Coat Painters franchisees (combined) that were open for at least one year before December 31, 2022
- 2022 average, median, highest, and lowest gross revenue and gross profit percentage for the 63 single-unit Fresh Coat Painters franchisees that were open for at least one year before December 31, 2022
- 2022 average, median, highest, and lowest gross revenue and gross profit percentage for the 21 Fresh Coat Painters franchisees that were open for at least 12 months and not more than 36 months before December 31, 2022
- 2022 average, median, highest, and lowest gross revenue and gross profit percentage for the 32 Fresh Coat Painters franchisees that were open for at least 37 months and not more than 72 months before December 31, 2022
- 2022 average, median, highest, and lowest gross revenue and gross profit percentage for the 35 Fresh Coat Painters franchisees that were open for at least 73 months before December 31, 2022
Section VI – Key ratios, comparables, computations, and analyses for the Fresh Coat Painters franchise opportunity (exclusive content for Platinum subscribers)
Section I – Fresh Coat Painters Franchise Costs
- Fresh Coat Painters franchise costs, based on Item 7 of the company’s 2023 FDD:
- Initial Franchise Fee: $44,900
- Furniture and Equipment: $0 to $1,000
- Computer System: $1,000 to $3,000
- Travel and Living Expenses While Training: $2,000 to $3,500
- Initial Rent, Telephone, Bank, Licensing Fees, and Other Deposits: $0 to $2,000
- Insurance: $2,800 to $8,000
- Grand Opening Promotion: $3,000 to $4,000
- Compliance with Regulations: $450 to $1,350
- Additional Funds for 3 Months: $12,000 to $25,000
- Monthly Office Rental Payment: $0 to $1,000
- Vehicle: $0 to $2,500
- Total Estimated Fresh Coat Painters Franchise Costs: $66,150 to $96,250
Section II – Fresh Coat Painters’ Initial Franchise Fee, Royalty Fee, and Marketing Fee
- Fresh Coat Painters’ initial franchise fee, royalty fee, and marketing fee, based on Items 5 and 6 of the company’s 2023 FDD:
- Initial Franchise Fee: $44,900
- Royalty Fee: 6% down to 4% of Gross Revenues; $500 monthly minimum for 1st year; $1,000 monthly minimum thereafter
- National Branding Fund: 2% of Gross Revenues; $350 monthly minimum
- Local Cooperative Advertising: up to 3% of Gross Revenues unless a majority of the cooperative members agree on a higher contribution
Section III – Number of Franchised and Company-Owned Fresh Coat Painters Outlets
Franchised
2020
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When I owned a UPS Store, I learned firsthand how much your ZIP code shapes your outcome. I sold my store at a premium because my territory was in a high-value area. The best areas go first, and once they're gone, they're gone. Enter your ZIP code, and a territory specialist will walk you through the franchises still available near you, drawing on information that isn't publicly accessible, saving you months of wasted research.🔴Free Webinar: 6 Under-the-Radar Franchise Concepts That Serious Buyers Should Know
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- Outlets at the End of the Year: 165
- Net Change: +11
2021
- Outlets at the Start of the Year: 165
- Outlets at the End of the Year: 174
- Net Change: +9
2022
- Outlets at the Start of the Year: 174
- Outlets at the End of the Year: 166
- Net Change: -8
Company-Owned
2020
- Outlets at the Start of the Year: 0
- Outlets at the End of the Year: 0
- Net Change: 0
2021
- Outlets at the Start of the Year: 0
- Outlets at the End of the Year: 0
- Net Change: 0
2022
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When I owned a UPS Store, I learned firsthand how much your ZIP code shapes your outcome. I sold my store at a premium because my territory was in a high-value area. The best areas go first, and once they're gone, they're gone. Enter your ZIP code, and a territory specialist will walk you through the franchises still available near you, drawing on information that isn't publicly accessible, saving you months of wasted research.📈Dreaming of Multi‑Unit Success? Lock In Prime Territories Before They're Gone.
Colin started as a team member at 21 and now owns 6 locations in Tampa Bay. Lisa came from marketing and built 21 in San Diego. The most successful multi-unit owners move early and secure markets with room to grow. Use our free tool to search multiple ZIP codes and find franchises where you can still stack locations, before someone else does. A franchise specialist will be in touch to present what's available.- Outlets at the Start of the Year: 0
- Outlets at the End of the Year: 0
- Net Change: 0
Section IV – News Updates on the Fresh Coat Painters Franchise
Section V – Financial Performance Representations (Average Revenues and/or Profits) for the Fresh Coat Painters Franchise (Item 19, 2023 FDD)
- Presented below are historic Gross Revenue and Gross Profit figures for franchised Fresh Coat business owners for the one-year period ending December 31, 2022.
- Only data from franchisees who were open for at least one year, who operated their business on a full-time basis in the United States during the entire period, who reported Gross Revenue for all 12 months of the period, and who submitted income statements by March 30, 2023 were included in the table.
Part 1 – Average Revenue and Gross Profit for Single-Unit and Multi-Unit Franchisees
- There were 166 Fresh Coat franchises (each franchise consists of a single franchise territory) in operation as of December 31, 2022, which were owned by 139 franchisees. Of those, 88 franchisees were open for at least one year before that date, operated their business on a full-time basis in the U.S., reported Gross Revenue for all 12 months between January 1, 2022 and December 31, 2022, and submitted income statements by March 30, 2023.
- This table represents data from 63 Fresh Coat franchisees that owned single units and 25 Fresh Coat franchisees that owned multiple units.
- Number of Franchisees: 88
- Highest Gross Revenue: $2,445,741
- Average Gross Revenue: $640,756
- Median Gross Revenue: $475,504
- Lowest Gross Revenue: $123,484
- Number of Franchisees Who Attained or Surpassed the Average Gross Revenue: 32
- Percentage of Franchisees Who Attained or Surpassed the Average Gross Revenue: 36%
- Highest Gross Profit Percentage: 62.74%
- Average Gross Profit Percentage: 43.99%
- Median Gross Profit Percentage: 43.28%
- Lowest Gross Profit Percentage: 26.95%
- Number of Franchisees Who Attained or Surpassed the Average Gross Profit Percentage: 42
- Percentage of Franchisees Who Attained or Surpassed the Average Gross Profit Percentage: 49%
- Average Time in Operation: 5 years, 11 months
Part 2 – Average Revenue and Gross Profit for Single-Unit Franchisees
- This table represents data only for the 63 Fresh Coat franchisees that owned a single unit and excludes the data from 25 Fresh Coat franchisees who owned multiple units.
- Number of Franchisees: 63
- Highest Gross Revenue: $2,092,102
- Average Gross Revenue: $527,901
- Median Gross Revenue: $426,362
- Lowest Gross Revenue: $123,484
- Number of Franchisees Who Attained or Surpassed the Average Gross Revenue: 24
- Percentage of Franchisees Who Attained or Surpassed the Average Gross Revenue: 38%
- Highest Gross Profit Percentage: 62.74%
- Average Gross Profit Percentage: 43.39%
- Median Gross Profit Percentage: 42.17%
- Lowest Gross Profit Percentage: 26.95%
- Number of Franchisees Who Attained or Surpassed the Average Gross Profit Percentage: 26
- Percentage of Franchisees Who Attained or Surpassed the Average Gross Profit Percentage: 41%
- Average Time in Operation: 5 years, 7 months
Part 3 – Average Revenue and Gross Profit for Franchisees in Operation for 12 to 36 Months
- This table represents data only for 21 Fresh Coat franchisees open for at least 12 months and not more than 36 months before December 31, 2022.
- Number of Franchisees: 21
- Highest Gross Revenue: $955,522
- Average Gross Revenue: $417,742
- Median Gross Revenue: $370,019
- Lowest Gross Revenue: $123,484
- Number of Franchisees Who Attained or Surpassed the Average Gross Revenue: 8
- Percentage of Franchisees Who Attained or Surpassed the Average Gross Revenue: 38%
- Highest Gross Profit Percentage: 56.21%
- Average Gross Profit Percentage: 43.64%
- Median Gross Profit Percentage: 43.27%
- Lowest Gross Profit Percentage: 26.95%
- Number of Franchisees Who Attained or Surpassed the Average Gross Profit Percentage: 10
- Percentage of Franchisees Who Attained or Surpassed the Average Gross Profit Percentage: 48%
- Average Time in Operation: 2 years, 1 month
Part 4 – Average Revenue and Gross Profit for Franchisees in Operation for 37 to 72 Months
- This table represents data only for 32 Fresh Coat franchisees open for at least 37 months and not more than 72 months before December 31, 2022.
- Number of Franchisees: 32
- Highest Gross Revenue: $2,345,837
- Average Gross Revenue: $653,222
- Median Gross Revenue: $544,901
- Lowest Gross Revenue: $150,984
- Number of Franchisees Who Attained or Surpassed the Average Gross Revenue: 12
- Percentage of Franchisees Who Attained or Surpassed the Average Gross Revenue: 38%
- Highest Gross Profit Percentage: 60.57%
- Average Gross Profit Percentage: 44.45%
- Median Gross Profit Percentage: 43.75%
- Lowest Gross Profit Percentage: 31.50%
- Number of Franchisees Who Attained or Surpassed the Average Gross Profit Percentage: 17
- Percentage of Franchisees Who Attained or Surpassed the Average Gross Profit Percentage: 53%
- Average Time in Operation: 4 years, 6 months
Part 5 – Average Revenue and Gross Profit for Franchisees in Operation for 73 Months or More
- This table represents data for only 35 Fresh Coat franchisees open for at least 73 months before December 31, 2022.
- Number of Franchisees: 35
- Highest Gross Revenue: $2,445,741
- Average Gross Revenue: $763,166
- Median Gross Revenue: $526,355
- Lowest Gross Revenue: $207,312
- Number of Franchisees Who Attained or Surpassed the Average Gross Revenue: 13
- Percentage of Franchisees Who Attained or Surpassed the Average Gross Revenue: 37%
- Highest Gross Profit Percentage: 62.74%
- Average Gross Profit Percentage: 43.79%
- Median Gross Profit Percentage: 43.29%
- Lowest Gross Profit Percentage: 27.58%
- Number of Franchisees Who Attained or Surpassed the Average Gross Profit Percentage: 17
- Percentage of Franchisees Who Attained or Surpassed the Average Gross Profit Percentage: 49%
- Average Time in Operation: 9 years, 9 months
- The preceding data has been extracted from royalty reports and income statements submitted to Fresh Coat by its franchisees. The income statements submitted to Fresh Coat were prepared by the franchisee.
- For purposes of this Item 19, “Gross Revenue” means the total of all income arising from the operation of the franchised business, whether cash or credit. It is recognized on an accrual basis and regardless of collection, which means that a franchisee’s Gross Revenue for any period represents how much a franchisee billed its clients during the period, not how much the franchisee received.
- Gross Revenue does not include the amount of refunds and discounts made to clients, or the amount of sales or excise taxes that are separately stated and that the franchisee is required to and does collect from clients and pays to the appropriate taxing authority.
- “Gross Profit” means Gross Revenue minus the cost of direct labor and paint.
- Neither the Gross Revenue figures nor the Gross Profit figures reflect the costs of sales, other operating expenses, or other costs or expenses that must be deducted from Gross Revenue to obtain your net income or profit.
- You should conduct an independent investigation of the costs and expenses you will incur in operating a Fresh Coat franchise. Franchisees and former franchisees listed in the disclosure document may be one source of this information.
- Some outlets have sold this amount. Your individual results may differ. There is no assurance that you’ll sell as much.
Section VI – Fresh Coat Painters Franchise Ratios, Comparables, Computations, and Analyses (Exclusive Content for Platinum Subscribers) ⬇️
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