In this exclusive Franchise Chatter FDD Talk post, you’ll learn the following:
Section I – Estimated initial investment (franchise costs) for a Painter1 franchise, based on Item 7 of the company’s 2023 FDD
Section II – Initial franchise fee, royalty fee, and marketing fee for a Painter1 franchise, based on Items 5 and 6 of the company’s 2023 FDD
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Section IV – News updates on the Painter1 franchise opportunity
Section V – Presentation and analysis of Painter1’s financial performance representations (average revenues and/or profits), based on Item 19 of the company’s 2023 FDD, including information on the:
- 2022 actual gross sales for the 38 Painter1 franchised locations in the United States that were open during the reporting period and that reported sales for at least part of the reporting period
Section VI – Key ratios, comparables, computations, and analyses for the Painter1 franchise opportunity (exclusive content for Platinum subscribers)
Section I – Painter1 Franchise Costs
- Painter1 franchise costs, based on Item 7 of the company’s 2023 FDD:
- Initial Franchise Fee: $49,500
- Grand Opening Advertising: $3,000
- Advertising: $9,000 to $10,000 (over first 3 months)
- Computer Equipment: $800 to $1,800
- Travel and Living Expenses to Attend Training and Payment/Reimbursement for On-Site Training in Franchise Territory: $1,000 to $5,000
- Contractor License: $300 to $500
- Licenses and Bonds: $0 to $1,500
- Cell Phone: $600 to $720 ($100 to $120/month)
- Insurance: $360 to $1,500
- 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 $1,500
- Vehicle: $0 to $35,000
- Miscellaneous Opening Costs: $250 to $750
- Additional Funds – 6 Months: $6,000 to $10,000
- Total Estimated Painter1 Franchise Costs: $70,910 to $133,520
Section II – Painter1’s Initial Franchise Fee, Royalty Fee, and Marketing Fee
- Painter1’s initial franchise fee, royalty fee, and marketing fee, based on Items 5 and 6 of the company’s 2023 FDD:
- Initial Franchise Fee: $49,500
- Royalty Fee: 5% of monthly Gross Sales. There is a $500 monthly minimum commencing on the 3rd month after you complete the initial training program.
- Brand Development Fee: 2% of monthly Gross Sales. There is a $200 monthly minimum commencing on the 3rd month after you complete the initial training program.
- Local Advertising Recommendation: Painter1 recommends that you spend at least 8% of your annual Gross Sales on your local advertising.
- Regional Advertising Fund Contribution: up to 2 percent of your Gross Sales according to a vote of the franchisees in the region
Section III – Number of Franchised and Company-Owned Painter1 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: 14
- Outlets at the End of the Year: 25
- Net Change: +11
2021
- Outlets at the Start of the Year: 25
- Outlets at the End of the Year: 31
- Net Change: +6
2022
- Outlets at the Start of the Year: 31
- Outlets at the End of the Year: 36
- Net Change: +5
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
🎯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: 0
- Outlets at the End of the Year: 0
- Net Change: 0
Section IV – News Updates on the Painter1 Franchise
Section V – Financial Performance Representations (Average Revenues and/or Profits) for the Painter1 Franchise (Item 19, 2023 FDD)
- The following table contains an historical financial performance representation of the monthly and total gross sales for Painter1’s operational franchised outlets for the January 1 to December 31, 2022 calendar year.
- Gross sales means all income and receipts generated whether based on coating (such as paint, sealers, epoxy, etc.) and cleaning (prep work, power washing, etc.).
- There were 38 Painter1 franchised locations in the United States that were open during the reporting period and that reported sales for at least part of the reporting period. See the notes following the table for additional details.
Painter1 Franchise System Franchisee Gross Sales – January Through December 2022
Reported Sales for the Entire 2022 Calendar Year (22 Outlets)
- Boca Raton, FL: $1,054,288.61
- Marietta, GA: $717,371.92
- Boise, ID: $1,205,674.11
- Indianapolis, IN: $684,197.18
- Mid-Michigan, MI: $818,336.44
- New England, NH: $484,371.56
- Fayetteville, NC: $523,812.75
- Raleigh, NC: $792,997.28
- Columbus, OH: $1,252,091.38
- Portland, OR: $274,678.47
- Main Line, PA: $508,386.35
- Lowcountry, SC: $376,918.36
- Chattanooga, TN: $347,024.49
- Knoxville, TN: $1,808,322.84
- Dallas, TX: $592,515.75
- N Austin, TX: $555,919.35
- Austin Metro, TX: $184,504.42
- Salt Lake City, UT: $807,826.41
- Northern Utah, UT: $207,165.18
- Greater Salt Lake City, UT: $1,175,471.43
- St. George, UT: $500,887.06
- Utah County, UT: $1,034,170.52
- Average of 22 Franchisees That Generated Sales in All 12 Months of 2022: $723,042
Did Not Report Sales for the Entire 2022 Calendar Year (16 Outlets)
- North Valley, AZ (4 months): $56,942.59
- Denver, CO (7 months): $217,699.93
- Delaware (6 months): $102,493.96
- Orlando, FL (2 months): $1,968.33
- Atlanta, GA (8 months): $104,827.72
- Las Vegas, NV (4 months): $121,930.97
- Charlotte, NC (11 months): $151,598.62
- Cincinnati, OH (10 months): $207,120.88
- Cincinnati Metro, OH (4 months): $87,478.87
- Memphis, TN (8 months): $229,084.56
- Nashville, TN (5 months): $16,626.62
- Austin, TX (7 months): $110,061.71
- Bexar County, TX (5 months): $91,397
- Houston, TX (11 months): $226,832.05
- Plano, TX (1 month): $2,535.58
- Wasatch Summit Park City, UT (11 months): $238,885.18
- As this financial performance representation only discloses gross sales, and not profits or margins, it does not include information concerning royalty fees, brand development fees, and other fees or payments made by franchisees to Painter1. You will be expected to pay the royalty fees, brand development fees, and other fees as outlined in your Franchise Agreement.
- This data has not been audited and Painter1 has not undertaken to independently verify the accuracy of the information submitted to it by the franchisees.
- Some outlets have earned this amount. Your individual results may vary. There is no assurance that you will earn as much.
Section VI – Painter1 Franchise Ratios, Comparables, Computations, and Analyses (Exclusive Content for Platinum Subscribers) ⬇️
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