To buy a franchise with Painter1, you'll need to have at least $50000 in liquid capital and a minimum net worth of $150000. Painter1 charges a franchise fee of $37500. They also offer a discount for veterans.
Total Units: 15
Year Founded: 2015
Franchising Since: 2015
Home Office: Spanish Fork, Utah
Locations Available: See Below*
Liquid Capital Required: $50,000
Net Worth Required: $150,000
Total Investment: $58,910 – $121,520
Franchise Fee: $37,500
Royalty Type: 5%
Vetern Discount: Yes
*Painter1 is currently accepting inquiries from the following locations: Alabama, Alaska, Arizona, Arkansas, Colorado, Connecticut, Delaware, District Of Columbia, Florida, Georgia, Idaho, Indiana, Iowa, Kansas, Kentucky, Louisiana, Maine, Massachusetts, Mississippi, Missouri, Montana, Nebraska, Nevada, New Hampshire, New Jersey, New Mexico, North Carolina, North Dakota, Ohio, Oklahoma, Oregon, Pennsylvania, South Carolina, Tennessee, Texas, Utah, Vermont, Washington, West Virginia, Wisconsin, Wyoming
Values & History
Our organization was founded in 2015 with the goal to build the strongest and most dependable nationally recognized painting franchise in the industry, and our rapid growth demonstrates our commitment to that goal. We currently operate franchises in multiple locations while managing the franchise itself, growing the brand and developing our network of connections in the industry. Our home office is located in Spanish Fork, Utah.
Contract painting services in the US exceeded $41 billion in total revenue over 2019, rising an average of 3.0% annually over the 2014-2019 period. With more than 300,000 businesses in operation, the industry employs nearly 500,000 people the majority of which are smaller contractors with 2-3 person teams and modest equipment, offering a fantastic opportunity for franchise investors to offer improved services under a trusted and recognized brand as they work toward their own financial freedom.
Training & Support
Our onboarding process is made up of a hybrid approach to training, which includes several days of classroom time in our head office as well as several additional days of Mentor Training at an existing Painter1 franchise to reinforce our industry-leading practices and processes. Additional support through an array of quality supplemental guidance tools and systems is also provided to all franchisees throughout the life of their business.
Ideal Candidate & Qualifications
Our ideal candidate is anyone interested in making a positive change in their life and their community. Our goal is quality over quantity. We are looking for serious and committed owners who will grow and improve the brand while also helping to grow and improve fellow owners. We are looking for people who are business-minded and that are eager to follow a proven path for success.
Purchasing a Painter1 Franchise
Franchise ownership under the Painter1 brand requires a minimum net worth of $150,000. Access to at least $50,000 in liquid capital is also necessary, and prospective candidates should plan on an initial investment potential between $58,910 and $121,520. Financing options are available for individuals who qualify.
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