Lime Painting Franchise
To buy a franchise with Lime Painting, you'll need to have at least $50000 in liquid capital and a minimum net worth of $150000. Lime Painting charges a franchise fee of $60000.
Franchisor Details
Total Units: 3
Year Founded: 2014
Franchising Since: 2018
Home Office: Greenwood Village, CO
Training: Available
Locations Available: See Below*
Franchise Costs
Liquid Capital Required: $50,000
Net Worth Required: $150,000
Total Investment: $124,700 – $162,375
Franchise Fee: $60,000
Royalty Type: 7%
Vetern Discount: -
*Lime Painting is currently accepting inquiries from the following locations: Alabama, Alaska, Arizona, Arkansas, California, Colorado, Connecticut, Delaware, District Of Columbia, Florida, Georgia, Hawaii, Idaho, Illinois, Indiana, Iowa, Kansas, Kentucky, Louisiana, Maine, Maryland, Massachusetts, Michigan, Minnesota, Mississippi, Missouri, Montana, Nebraska, Nevada, New Hampshire, New Jersey, New Mexico, New York, North Carolina, North Dakota, Ohio, Oklahoma, Oregon, Pennsylvania, Rhode Island, South Carolina, South Dakota, Tennessee, Texas, Utah, Vermont, Virginia, West Virginia, Wisconsin, Wyoming
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.
Industry Performance
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.
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.
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.
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.
Lime Painting is a FranNet Verified Brand
FranNet Verified Brands are reviewed by FranNet to ensure legitimacy and industry required documentation.
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Lime Painting is a FranNet Verified Brand
FranNet Verified Brands are reviewed by FranNet to ensure legitimacy and industry required documentation.