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 2025 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 2025 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 2025 FDD, including information on the:
- 2024 actual, average, median, highest, and lowest gross sales for the 38 Painter1 franchise outlets that operated for the entire 2024 calendar year
- 2024 average, median, highest, and lowest total estimates, total estimates sold, and total closing percentage for the 38 Painter1 franchise outlets that operated for the entire 2024 calendar year
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 2025 FDD:
- Initial Franchise Fee: $54,500
- 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: $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 $35,000
- Miscellaneous Opening Costs: $250 to $750
- Additional Funds – 6 Months: $10,000 to $20,000
- Total Estimated Painter1 Franchise Costs: $80,270 to $168,380
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 2025 FDD:
- Initial Franchise Fee: $54,500
- Royalty Fee: 7% of monthly Gross Sales. There is a $700 monthly minimum commencing on the 1st month after you complete the initial training program.
- Brand Development Fee: currently, 0% for new franchisees; up to 2% of your monthly Gross Sales
- 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
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.🔴Free Webinar: 6 Under-the-Radar Franchise Concepts That Serious Buyers Should Know
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- Outlets at the End of the Year: 36
- Net Change: +5
2023
- Outlets at the Start of the Year: 36
- Outlets at the End of the Year: 38
- Net Change: +2
2024
- Outlets at the Start of the Year: 38
- Outlets at the End of the Year: 42
- Net Change: +4
Company-Owned
2022
- Outlets at the Start of the Year: 0
- Outlets at the End of the Year: 0
- Net Change: 0
2023
- Outlets at the Start of the Year: 0
- Outlets at the End of the Year: 0
- Net Change: 0
2024
🎯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, 2025 FDD)
- The following tables contain historical financial performance representations for franchised outlets that operated for more than 6 months during the January 1 to December 31, 2024 calendar year: (1) monthly and total gross sales; (2) average and median annual gross sales; and (3) average and median number of estimates, the number of estimates sold, and the correlated closing percentage of estimates sold.
- The data in the following tables comes from the reported historical performance.
- There were 36 Painter1 franchised locations in the United States that were open as of January 1, 2024 and that reported sales for the entire reporting period. Two additional franchised locations opened after January 1, 2024 but reported sales for at least 10 months during the reporting period. So, 38 franchised locations are included in the dataset for the following tables.
- Four of these franchises operated in a protected territory, the rest operated in open territories without territory protection.
- Painter1 excluded from the tables and their data 3 franchises that opened during the 2024 reporting period but only had 6 months or fewer of operations during the reporting period. Painter1 excluded 1 franchise that did not report to it sufficient information. Painter1 excluded 2 franchises that closed or suspended operations during the 2024 reporting period; these 2 excluded franchise outlets closed or suspended operations during the 2024 reporting period after being open less than 12 months.
Part 1 – 2024 Annual Gross Sales Data
- The following table shows 2024 Gross Sales for the 27 franchise outlets that operated for the entire 2024 calendar year.
- Boca Raton, FL: $883,166
- Central, FL: $317,136
- Orlando, FL: $348,369
- Marietta, GA: $244,842
- North GA: $372,105
- South GA: $221,680
- Boise, ID: $1,043,142
- Indianapolis, IN: $486,960
- Washington, DC/MD: $109,700
- Mid Michigan, MI: $473,939
- New England, NH: $189,020
- Charlotte, NC: $32,923
- Fayetteville, NC: $174,483
- Raleigh, NC: $796,095
- Cincinnati Metro, OH: $73,232
- Cincinnati, OH: $204,023
- Columbus, OH*: $837,168
- Tulsa, OK: $263,394
- Portland, OR: $371,134
- Main Line, PA: $538,917
- Coastal Carolina, SC: $187,087
- Lowcountry, SC*: $367,518
- Upstate, SC*: $503,160
- Chattanooga, TN: $466,405
- Knoxville, TN: $1,452,438
- Memphis, TN: $388,763
- Austin Metro, TX: $177,226
- Great Austin, TX: $304,054
- Bayou City, TX: $213,884
- Dallas, TX: $520,296
- DFW, TX: $125,573
- Northern Utah, UT: $145,805
- Greater SLC, UT: $1,086,283
- Salt Lake City, UT: $320,545
- St. George, UT*: $479,667
- Utah County, UT: $900,919
- Wasatch Summit, UT: $166,049
- Spokane, WA: $251,793
- “*” means the franchisee operated in a protected territory.
- “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.).
- As this table discloses the actual reported Gross Sales for Painter1’s various franchisees, each outlet actually attained its stated number.
- 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.
Part 2 – 2024 Average and Median Annual Gross Sales
- The following table shows the average and median annual Gross Sales for the 38 franchise outlets that operated for more than 6 months during the 2024 calendar year.
- Number of Franchises: 38
- Average: $422,076
- Attained or Surpassed the Average: 14 or 37%
- Median: $334,457
- Attained or Surpassed the Median: 19 or 50%
- High: $1,452,438
- Low: $32,923
Part 3 – 2024 Total Estimates, Estimates Sold, and Conversion Percentage Data
- The following table shows the number of total estimates, total estimates sold, and the estimates-to-sold closing percentage data for the 38 franchise outlets that operated more than 6 months during the 2024 calendar year.
Total Estimates
- Number of Franchises: 38
- Average: 229
- Attained or Surpassed the Average: 11 or 28%
- Median: 160
- Attained or Surpassed the Median: 20 or 53%
- High: 955
- Low: 14
Total Estimates Sold
- Number of Franchises: 38
- Average: 92
- Attained or Surpassed the Average: 13 or 34%
- Median: 70
- Attained or Surpassed the Median: 22 or 58%
- High: 329
- Low: 8
Total Closing Percentage
- Number of Franchises: 38
- Average: 41%
- Attained or Surpassed the Average: 21 or 55%
- Median: 41%
- Attained or Surpassed the Median: 32 or 61%
- High: 100%
- Low: 13%
- “Total Estimates” means the number of estimates or bids for painting and/or coating jobs that a given franchisee received during the 2024 reporting period.
- “Total Estimates Sold” means the number of Total Estimates that the customer accepted for a given franchisee during the 2024 reporting period.
- The “Closing Percentage” measures the closing rate by dividing Total Estimates Sold by the Total Estimates for a given franchisee during the 2024 reporting period.
- 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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