FranNet Verified Brand
FranNet Verified Brands are reviewed by FranNet to ensure legitimacy and industry required documentation.
|Liquid Capital Required:||$40,000|
|Net Worth Required:||$75,000|
|Total Investment:||$72,260 - $143,200|
|Financing:||Via 3rd party|
|Incorporated Name:||COLOR WORLD FRANCHISE SYSTEMS, LLC.|
|Home Office:||Powell, Ohio|
About Color World House Painting
Color World House Painting provides homeowners with a complete suite of refinishing services under a brand they can trust. House painting is our specialty, but we also handle commercial painting, power washing, gutter installation, drywall repair, minor carpentry work, and a whole lot more. Our unique full-service business model offers franchise owners five different revenue streams for five times the earning potential of the typical model, and our track record of success proves it.
Values & History
Established in 1997, Color World has been serving residential customers for over 20 years. Founder Tom Hodgson started the company soon after he began experimenting with complimentary services such as gutter repair, power washing, and holiday lighting, and after just a few years of testing out the best combinations a highly successful enterprise was established. Tom watched as his revenue topped $1 million, and he realized he had something special. Franchising since 2015 the company now has multiple units in operation and is growing every year.
Contract painting services in the US reached $41 billion in total revenue over 2019, growing an average of 3.0% annually over the previous five-year period. With more than 300,000 businesses in operation, the industry employs nearly 500,000 people. At Color World, our top territory generated revenue of $1,375,580 last year, taking home a net profit of $176,969.
Purchasing a Color World House Painting Franchise
Franchise owners will need access to a minimum of $50k in liquid capital and a net worth of at least $100k. Franchise fees for this opportunity total $40,000, with qualified veterans receiving a 15% discount. The total initial investment potential ranges from $59,260 to $130,200, and financing through third-party lenders is available for qualified individuals.
Ideal Candidate & Qualifications
Family time and personal development are priorities for our franchise owners, who typically run a 7 am — 5 pm operation, leaving plenty of time for the things that truly matter in their lives. Both owner-operator and semi-absentee owners are welcome, but both will require careful management, effective organization, and competent, friendly staff. A background in sales or marketing is ideal, with entrepreneurial spirit and motivation for business growth the primary ingredient for success under this model.
Training & Support
All new franchise owners will attend a five-day training program at our corporate headquarters, located in Powell, Ohio. We've optimized the traditional classroom experience to focus on more practical education processes, and the program covers all the fundamentals of running a successful Color World branded business, from how to quote and sell services to hiring the best contractors. Ongoing support from our dedicated service team is always just a call away.