FranNet Verified Brand
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|Liquid Capital Required:||$50,000|
|Net Worth Required:||$150,000|
|Total Investment:||$124,700 - $162,375|
|Financing:||Via 3rd party|
|Incorporated Name:||Lime Franchise Systems, LLC|
|Home Office:||Greenwood Village, CO|
About Lime Painting
The LIME Painting business model focuses on high-end homes, maximizing profit potential while keeping competition to a minimum. Because all jobs are completed by sub-contracted crews, no employees are needed for initial investors. As a home-based business, LIME allows for a quick ramp-up time of between 30-90 days. The organization offers a variety of home-improvement solutions in addition to professional painting services, including door and cabinet restoration and furnishing, faux finishes, masonry, carpentry, drywall, and epoxy coatings, just to name a few.
Values & History
LIME takes pride in taking the time to fully educate clients on their options, providing maximum value for their money. By listening to customer's needs and acknowledging what they don't like about the home improvement industry, the organization has built a business model that caters to affluent clients who prioritize quality and excellence. The company was founded in 2014 and began franchising four years later, now with 4 units in operation. LIME places a high value on community outreach, leading to the creation of the LIME Light Outreach program which works to empower youth in local communities.
LIME does not compete within the saturated painting franchise market. Instead, using a business model that focuses on the most lucrative segments within the $40 billion painting industry, LIME has practically zero competition, focusing on the top 5% of high-end homes and businesses. With 15 different revenue streams, franchise owners have the potential to generate very strong returns. In 2017 average Gross Revenue reached $2,168,435 with a Gross Profit of $455,897, with year-to-year sales increases of 60% on average since the company's inception.
Purchasing a Lime Painting Franchise
A LIME Painting franchise will require access to $50k in liquid capital, with a total investment of $89,550-$115,275. A net worth minimum of $150k is also required, and financing is currently unavailable. Each franchise partner is expected to pay a monthly royalty of 6% of gross sales.
Ideal Candidate & Qualifications
Candidates interested in becoming LIME Painting franchise owners will place a high priority on values and love of service. A desire for freedom and flexibility coupled with a dedication to the business is paramount — most owners will spend the majority of their time managing their business. As an organization, LIME values community outreach, appealing to prospective business owners looking to give back to their communities.
Training & Support
Investors looking for ownership opportunities with LIME will receive assistance with P&L's, cash flow management, field support, and access to marketing and advertising campaign materials. Annual meetings and strategic initiatives ensure your ongoing success, and subcontracted crew management is provided. Access to operating systems and consistent business consultation are included.