In this exclusive Franchise Chatter FDD Talk post, you’ll learn the following:
Section I – Estimated initial investment (franchise costs) for a That 1 Painter franchise, based on Item 7 of the company’s 2023 FDD
Section II – Initial franchise fee, royalty fee, and marketing fee for a That 1 Painter franchise, based on Items 5 and 6 of the company’s 2023 FDD
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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.Section III – Number of franchised and company-owned That 1 Painter outlets at the start of the year and the end of the year for 2020, 2021, and 2022, based on Item 20 of the company’s 2023 FDD
Section IV – News updates on the That 1 Painter franchise opportunity
Section V – Presentation and analysis of That 1 Painter’s financial performance representations (average revenues and/or profits), based on Item 19 of the company’s 2023 FDD, including information on the:
- 2022 revenue for each of the 1 company-owned and 5 franchised That 1 Painter locations that were in operation for the entire 2022 calendar year
- 2022 average revenue by location and by territory for the 1 company-owned and 5 franchised That 1 Painter locations that were in operation for the entire 2022 calendar year
Section VI – Key ratios, comparables, computations, and analyses for the That 1 Painter franchise opportunity (exclusive content for Platinum subscribers)
Section I – That 1 Painter Franchise Costs
- That 1 Painter franchise costs, based on Item 7 of the company’s 2023 FDD:
- Initial Franchise Fee: $49,000
- Your Training Expenses: $3,000 to $5,500
- Vehicle Lease: $0 to $1,000
- Vehicle Wrap: $1,500 to $3,500
- Business Licenses and Permits: $250 to $3,000
- Computer Systems Software Set-up: $500 to $1,000
- Uniforms and Branded Materials: $1,000 to $4,000
- Office Equipment and Supplies: $500 to $2,500
- Professional Fees: $500 to $1,500
- Grand Opening Advertising/Marketing Development: $15,000 to $20,000
- Insurance: $2,500 to $5,000
- Operating Expenses/Additional Funds (3 months): $12,000 to $20,000
- Total Estimated That 1 Painter Franchise Costs: $85,750 to $116,000
Section II – That 1 Painter’s Initial Franchise Fee, Royalty Fee, and Marketing Fee
- That 1 Painter’s initial franchise fee, royalty fee, and marketing fee, based on Items 5 and 6 of the company’s 2023 FDD:
- Initial Franchise Fee: $49,000
- Continuing Royalty Fee: 6% of Gross Revenue
- Local Advertising: $3,000 per month for the first year of operation; greater of 4% of Gross Revenue or $3,000 per month thereafter
- Local Advertising Management Fee: greater of $450 or 15% of Local Advertising Spend per month
- Brand Fund Contribution: 2% of weekly Gross Revenue, subject to increases not to exceed 3% of weekly Gross Revenue
- Advertising Cooperative: currently $0. If a cooperative is established, 1% of Gross Revenue or $1,000 per month (whichever is greater) unless a majority of the cooperative members agree on a higher contribution.
Section III – Number of Franchised and Company-Owned That 1 Painter 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
Every month we feature 6 standout franchises that could be the opportunity you've been looking for, each evaluated on disclosed financials and matched to the type of buyer most likely to succeed with it. Can't attend live on October 27 at 6PM EST? Register now and we'll send you the full recording the next day. Reserve your spot here.- 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: 3
- Net Change: +3
2022
- Outlets at the Start of the Year: 3
- Outlets at the End of the Year: 36
- Net Change: +33
Company-Owned
2020
- Outlets at the Start of the Year: 1
- Outlets at the End of the Year: 1
- Net Change: 0
2021
- Outlets at the Start of the Year: 1
- Outlets at the End of the Year: 2
- Net Change: +1
2022
🎯Find Best-Fit Franchises Still Available in Your Target Area (Free Tool)
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: 2
- Outlets at the End of the Year: 1
- Net Change: -1
Section IV – News Updates on the That 1 Painter Franchise
- How That 1 Painter Continues to Experience Impressive Franchise Growth
Section V – Financial Performance Representations (Average Revenues and/or Profits) for the That 1 Painter Franchise (Item 19, 2023 FDD)
- This Item contains a historical financial performance representation of That 1 Painter’s corporate outlet and franchised outlets in operation for calendar year 2022. That 1 Painter’s fiscal year end is December 31.
- During calendar year 2022, That 1 Painter had a total of 1 company-owned outlet listed as Location #1 below. All other locations are franchisee-owned.
- The other 54 franchisee-owned outlets have not been in operation for 12 months or more.
Part 1 – 2022 Revenue Per Location With a Full Calendar Year in 2022
- Location #1 (3 Territories): $3,425,181.67
- Location #2: (1 Territory): $2,021,703.44
- Location #3 (1 Territory): $833,476.02
- Location #4 (1 Territory): $721,188.54
- Location #5 (1 Territory): $472,580.65
- Location #6 (1 Territory): $424,649
Part 2 – 2022 Average Revenue for the Same Locations With a Full Calendar Year in 2022
- Average Revenue by Location: $1,316,463.22
- Average Revenue by Territory: $987,347.41
- Average Job Size: $5,059.85
- The figures in the above tables have not been audited.
- Gross Revenue means all revenue from sales of products and services at or from outlet operations, less (i) sales tax, (ii) refunds to customers, and (iii) discounts.
- The company-owned outlet contributes to the Brand Development Fund on the same basis as franchisees.
- Gross Sales includes only income attributable to providing services of the type your Franchised Business will offer.
- Gross Sales does not reflect the costs of sales, operating expenses, royalty or licensing fees, and other costs or expenses that must be deducted from the gross sales figures to obtain your net income or profit.
- The company-owned outlet operates in a three-territory area. This territory is larger than a territory you are likely to be granted as a franchisee.
- Some outlets have earned this amount. Your individual results may differ. There is no assurance that you’ll earn as much.
Section VI – That 1 Painter Franchise Ratios, Comparables, Computations, and Analyses (Exclusive Content for Platinum Subscribers) ⬇️
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