Entrepreneurs who want to paint-by-the-numbers with a proven concept can choose any one of these 4 best paint and sip franchises of 2020. Press question mark to learn the rest of the keyboard shortcuts. Press question mark to learn the rest of the keyboard shortcuts, [FIREd at 33 in 2013 in Raleigh NC][FI Blogger][married, 3 kids]. A month in, we realized how much this was crimping into our profits. Being a business owner is awesome when you have a top notch staff with no big changes or crises. Hot New Top. The initial franchise fee is $25,000 (the “Initial Franchise Fee”). 20+years in when we sold, half of our employees had been there since year 3-4 and all but one of the rest for 8+ years. I started negotiating with the owner and we came to an agreeable deal. Painting Pros has relationships with third-party sources which offer financing to cover the following: franchise fee, startup costs, equipment, inventory, accounts receivable, payroll But a lot of the time, it's as much work as the most demanding jobs out there, and you need to be prepared for that. thanks for the input! North America’s Up & Coming Home-Improvement Franchise - 15K+ Homes Revamped - 53 Territories Sold - 4.5 Review Stars from Customers. Undoubtedly, becoming your own boss under a franchise agreement provides the reassurance of borrowing someone else’s successful business model. Reddit's biggest community for all pee-related pictures, gifs, and videos! Posted by 8 months ago. Thanks for taking the time to type out your experience! There's so much money to be made in the student painting biz if you have just a little bit of know how, but paying 25% is definitely not worth it. Any thoughts or suggestions are appreciated. Would you mind sharing what do you do? 70. How can you prevent this happening to your painting and decorating business? Press question mark to learn the rest of the keyboard shortcuts. Which means you are putting a basic FI stash at risk to pursue the franchise. Franchising.com franchise profile for Painting with a Twist. does anyone have a success story or know of someone who has done similiar. It has been a little while since I've had a request for a chalkboard area on an a-frame, and now I'm only finding water-based chalkboard paint which is rated for interior use, and seems geared to a hobbyist/crafter market. Press J to jump to the feed. However, the amount of work required is very substantial (for them it was more or less a full time job for both of them for several years) and if you don't have experience marketing / local advertising / hiring / handling payroll / etc it is not going to be at all easy to make enough to pay for a staff and a sufficiently competent manager such that you don't have to be working on the business day to day. It does seem that the paint and sip movement, after showing strong growth for more than a decade, may be experiencing its first real slowdown in growth as the industry matures. Take The First Step! It emphasizes not only the quality of their work, but also how they stay in constant communication with the customer before, during, and even a check-in after work is completed. Hot New Top Rising. The success rates of the better franchises may be in the 90% range, but that is NOT the success rate of franchise owners. yea i would always be worried about "leaving" the nest to others. Currently, the following states regulate the offer and sale of franchises: California, Hawaii, Illinois, Indiana, Maryland, Michigan, Minnesota, New York, North Dakota, Oregon, Rhode Island, South Dakota, Virginia, Washington, and Wisconsin. When I took a vacation (which was rare), I had to be reachable by cell, and twice (out of 5 over 20 years that weren't during a shutdown) I had to cut it short and come back. You'll avoid the most common pitfalls (if the franchise is any good), but it's still a crazy amount of work to get it going. 5. In this industry you will be responsible for painting the interior and exterior of homes and offices, or you might specialize in automotive painting. Because we deliver the next generation of exterior painting to homeowners. More commonly, the franchisor just doesn't do anything to justify the initial fee (broker commission) or ongoing fees. Sign Painting: Your 1Shot for all the brush lettered resources on this side of the internet. I think that franchises are generally incredibly risky. We are the Best Painters in Around. If painting is your passion, check out our various painting franchise opportunities available or browse our full list of other top home service businesses for sale. He had more money than experience and decided to get into the business. Obviously you don't get insurance, etc. Then I started buying land and building buildings so that instead of paying someone else rent money, I was paying myself $7,500/month NNN per building. I have been my own boss for about 10 years now (just turned 47) and it has been an awesome experience for me. When I worked at a Jersey Mike's location back in high school, the owner wasn't working in the stores, but I got the sense it was a huge headache. Starting a franchise is like starting a business. They are unsuccessful and losing money, or not making enough to be happy. but if you say take 5 years to build it up and make enough money to survive (which 7eleven provides you if you gross less than 185000 from my understanding) then it could be a very good long term investment. CertaPro Painters. Never Paint Again is the best National Painting Franchise. Find out what kind of support you'd be getting. They see what we see: an opportunity to become THE market leader in a fragmented and outdated industry that's worth $40B+ a year in the United States alone. How much will it cost to become a Five Star Painting franchise owner? Rising. Thanks! 1 Paint and Sip Studio. I can't speak for 7-11, but my parents bought a printing franchise. 3 years ago. A franchise is just a business with branding, some marketing, standard operating procedure, and product development/pricing already figured out. There are lots of success stories, or there wouldn't be anyone buying franchises. McDonalds helps them sell their franchise for less than they paid in. I was a General Manager for 4 years and during that time I worked in two different locations, both of which were turnarounds. Owning a painting franchise often means helping companies and homeowners increase property values while reflecting the owner's personal style. card classic compact. One of my friends dad owns two and they live a nice life (sounds like he didn't work as much anymore either). AND DEFINITELY NOT A RESTAURANT, been there, done that, no thanks (worked in one for 7 years). My involvement in the day to day now is pretty limited. Members. Somebody gets a good deal on it at say 500k. 2. At some law firms, the average partner makes US$4 mio. I completely agreed on the hard labor and necessary work. But many franchises do little more than teach you the setup and the business, and then you are on your own, but they still expect you to pay a sizable percentage of revenue in perpetuity. Weitere Ideen zu bodypainting, körperbemalung, körperkunst. CertaPro Painters, Five Star Painting, 360 Painting, and WOW-1-Day Painting are a few of the bigger franchises out there. Hot. About Us . Painter1 is unique in offering ongoing unparalleled support inside the franchise family, we are invested in the success of each franchisee within the painting business. Other painting franchises also offer restoration services and work with leather, vinyl, and other materials to make them look good as new. Also didn't have to worry about jobs going over budgeted time, if they needed a few extra hours, np. These franchises range from $10,000-$40,000 in franchise fees just for the right to the franchise in a limited number of zip codes where you can operate your franchise. Are you considering professional services, law, or finance partnerships to be franchises? I met him threw a friend of mine, he had worked for me when I was a GM and then became a Franchise Consultant. As a WOW 1 DAY PAINTING Franchise Partner, you’ll stand out from the competition. It might have taken me a few more years to reach FI but I'm okay with that. At its core, FI/RE is about maximizing your savings rate (through less spending and/or higher income) to achieve FI and have the freedom to RE as fast as possible. Contacts Yeah, you can't franchise a law firm and you can almost never invest into a professional services entity unless you're licensed in that field. Learn why Painter1 franchise owners love owning their own painting business and why you should consider this franchise opportunity in this video. There’s really no solution that’s quick, affordable and long-lasting. Initial Franchise Fee: $45,000; Estimated Investment Range: $74,700 - $184,250; The initial franchise investment is determined on a case-by-case basis. He was constantly needing to take care of things at the couple of restaurants he owned. Little paper sign I made due to the pandemic. 13 comments. Our goal is to build the strongest painting franchise brand in the industry and we need your help! For example around me there are 3-4 mcdonalds owned by the same corp (husband wife company). You're basically paying for their intellectual property plus some support getting things going. Ended up finding out about a franchisee in the Midwest that was looking to sell. Are you looking for low cost franchise opportunities? I think that's probably the best kind of franchise. IMO, for this to make sense, you need to love the idea of having your own business, or love what you are doing in it. That kind of pay can be justified if they are providing a lot of support or marketing. Then consider whether a franchise makes sense or starting your own independent business makes more sense. Video Submission Time Stamps. You can start with as little at 50k and then make an average income provided sales are fine. I was then promoted to Regional Manager and started learning the multi-unit role. 1. Painting with a Twist, based in Mandeville, Louisiana is the leading paint-and-sip franchise with 300 studios in 36 states. Fresh Coat’s Story; Why Franchising; Franchisee Testimonials; National Affiliations; In The News; FAQs; Contact Us; Demand; Services; Our Team; Support . I'll take the 40ish hour work week gig I had sitting in a cubicle not really giving a shit, thank you very much. Once they had established that they were a good business, and staying in business, we attracted and kept good poeple. We already took care of the long, dreaded process of researching various competitors for you. While the franchisee had a non-compete on owning/running any other painting company, I didn't, so I took our crew and started advertising door to door on our own (we could easily beat any other competitor without the 25% franchise fee). Cost; Winner’s Circle; Next Steps ; Menu. Franchise India offers wide variety of Painting franchise opportunities to run a successful Painting franchise business. Hot New Top Rising. Financial Independence is closely related to the concept of Early Retirement/Retiring Early (RE) - quitting your job/career and pursuing other activities with your time. If anyone wanted in on a franchise like this, I'd recommend spending some time working as an assistant manager for a bit, then starting one on your own. You can explore some of the established and well known Painting franchises here. This seems like a pretty low-traffic sub, but I thought I might try my luck asking here anyways. Is *all* the oil-based chalkboard paint off the market entirely now? Archived. 4. Fourth. The best part was being able to give $10 or $20 bonuses to each of our painters every day. McDonalds, your example, is in the midst of a franchisee revolt due to a failure to contain costs. Relevant Content. SignPainting is your Reddit stop for all (sign) things pre-vinyl. We have prime markets available for development, and we are eager to award them to the right candidates. Even after your business is well established -- the income is only as passive as your employees are responsible and self-starting. Painting franchises serve not only an aesthetic purpose but a value purpose as well. 134k. 6. Friend/manager quit the franchise, became "just a painter" for "me" and the money really started to roll in. Every homeowner wants to love the look of their home’s exterior, but the available options to boost curb appeal are either long, tedious and expensive, or require on-going maintenance. Within 2 years they'd been through around 20 people, it took 9 months before their first hire who stuck around longer than 6 months, and it wasn't because they didn't inspire loyalty. They’re business owners. A failure of a franchise in this calculus, represents a location that was started, and no matter how many different owners took a crack at it, eventually had to close due to low/no profits. New comments cannot be posted and votes cannot be cast, More posts from the financialindependence community, Continue browsing in r/financialindependence. You are very good at turning around stores! I asked him what he planned on doing with the money and he said he was going to invest it. Online. Take The First Step! Once again, the region I inherited was underperforming and within a couple of years it was a good performer. Here are the 6 best painting franchises of 2020: 1. The franchise took 25% off our top line! 3. buy a franchise (plenty of owners want to retire, get divorced, disabled, disinterested, etc) - then you are using the power of buying vs. building (entrepreneurship via acquisition vs. startup) and using the power of franchising (using a proven business model and brand vs. trial and error). Repair and painting franchises focus on services improving the interior and exterior of residential homes and commercial buildings. PRIME MARKETS AVAILABLE . Functioning like an artist cooperative gallery, this is the place where beginning to advanced painters display … Press J to jump to the feed. Get all the benefits of a franchise, none of the limitations, for a fraction of the cost. This is my main issue as well. card. We currently operate our own Painter1 franchises in multiple locations and we operate the franchise itself. I imagine "retire" being 35-40 and spending a few years as your primary role/job to get it started. Painting r/ painting. Other once-popular franchises (Coldstone / Quiznos) randomly took a hard turn into crazy land and effectively bankrupted their franchisees. While the franchisee had a non-compete on owning/running any other painting company, I didn't, so I took our crew and started advertising door to door on our own (we could easily beat any other competitor without the 25% franchise fee). Say McDonalds does a build out in a new location. No Content Selling /Advertising/Preview Content. 2. User account menu. To Start Your Own Home Improvement Franchise … Guidelines and Important Notes. so if you build it up before you "retire" you can make a solid income without working for the rest of your life (depends on sales but about 5% of sales is an estimate). Expect to work 80+ hours a week for the first 1-3 years, with little or no pay. Refine Search Quick Search Or own 7elevens, who have a much lower franchise cost and take care of the building/equipment/property. If you decide to start a painting related business, here are some of the best painting franchises you can buy that will give you a head start with your new business. Few franchises actually allow passive ownership, and I don't think you've mentioned one that does. A lot of these businesses go out of business, and the franchise owner loses most or all of what they put in. Welcome to Entrepreneur’s 41st annual Franchise 500® ranking. Find detailed business information such as news, financials, franchise history and other corporate data on Painting with a Twist. Second caveat: The most successful franchises with a huge successful brand behind them (such as McDonalds and other popular fast food franchises) often have capital requirements >1million that mean you could retire moderately frugally already by the time you meet them. Customer experience experts. Painting Franchise Opportunity Guide. Created Sep 12, 2010. nsfw Adult content. I used to be able to get some nice oil-based chalkboard paint, which I used for painting client a-frames. Again, my anecdata on this, is that my parents had 3 positions to hire at the start. Join. We weren't insured, so we only took easier deals (ie no stairways, fancy houses, bought 2x as many drop clothes as recommended, focused on garages/fences). r/Pee Rules. Problem #1: The REAL Cost of a Painting Franchise. Team builders. Hot. The franchise owner invests a very large amount of money (typically around 1million IIRC). Advantages of a painting franchise. >> Read Press Release. Join. Your business never really goes on full auto pilot in my opinion, there is always something you need to do. Repost. We’re in this to grow the brand. That's one failure. If you are considering a Painting with a Twist franchise, don’t get blindsided by these 18 important franchise fees (from the initial franchise fee, to the royalty fee, to 16 other fees found in Items 5 and 6 of Painting with a Twist’s 2019 FDD). Initial Franchise Fee: $25,000. 1. Hot New Top. After a couple of years of this, I knew I wanted to strike out on my own. 4. He could have hired a manager, staff, bought equipment, and built out his own sub shops instead of paying a franchising fee for a Jersey Mike's store. 09.07.2020 - Erkunde Frepss Pinnwand „Bodypainting“ auf Pinterest. save. The contracts and managment process thins your margins out, handcuffs you to suppliers that may be terrible, and makes it just that much harder to succeed. Don’t throw your money away on a painting franchise. Opening small retail type business usually requires years of really long hours and even when not working you're the on-call person for anything that goes wrong or comes up. Painting with a Twist closes 2015 with strong franchise growth, culminated by its ranking in Entrepreneur magazine’s 37th Annual Franchise 500® edition as the No. Franchising.com franchise profile for Painting Pros, The. r/painting: Welcome to /r/Painting! Log In Sign Up. I've thought about this as a solid retirement plan, and maybe a side hobby. r/ SignPainting. Implied Pee. Repair and painting franchises are part of the booming home improvement sector. We weren't the best at delegation, but in the 20 years of that they and then I ran that business, it was almost impossible to get a real vacation when we weren't shutdown, because shit would happen that had to dealt with. Know what you are getting into. During my first year there I moved from Product Technician --> Customer Service Rep --> Manager Trainee --> Sales Manager --> Customer Accounts Manager --> General Manager. I get that these are not common situations, but if you're betting a major portion of your net worth on a business, it had better never happen. Friend/manager quit the franchise, became "just a painter" for "me" and the money really started to roll in. Opened up 5 locations and was a total disaster. PAINTING FRANCHISE? If you are ready for a franchise opportunity that offers the potential for a great return on investment, then give us a call. They knew that this would only be possible if they were super careful, so they took safety seriously. Find detailed business information such as news, financials, franchise history and other corporate data on Painting Pros, The. Some franchises don't give you enough support to be worth what you pay them. 309. You need millions to open a McDonald's, you need to be grandfathered into a 7-11 regardless of how much money you have. I live within a 30 minute radius of each of the 5 stores and visit them about 2 times per month. Types of Posts Subject to Removal. I would definitely say something like 7-11 is a lot easier to run than a restaurant. They are in their stores most of the time, or taking care of the business side much of the week. It's the only set of mcdonalds (4 out of 5 of the mcdonalds in my zip code are owned by them). CALL (877) 567-3424. Painting Franchise Opportunities. Until now. Our Franchise Partners aren’t painters. According to the way most franchisors calculate success rate, that's a 100% success rate, not 33% as you might expect. My typical day involves spending a couple hours in the morning working on administrative things, making calls to the stores, then I peace out and go play golf, fish, go hunting, spend time with loved ones, etc.. that sounds about perfect. Best Painting Franchise. If you're not a big-name franchise like McDonalds, it's hard to find any good people to work for you until you've stuck around for a year or more. In a pinch I've purchased some Krylon brand stuff, but I must admit I'm skeptical. Chalkboard Paint Suggestions? 7. Share resources, make friends, offer advice, spread the love for hand painted signs. You could travel the world on profit along and make a lot of money. Not OP but that was a great response. Within 5 years the stores had gone from losing $100K/year to making a little over $1MM/year and I had paid the note off. This person too is unsuccessful and ends up selling again for 300k, then this last person finally makes it succeed and it is now profitable. Most of the franchisers that I know of actively run their businesses full time. After getting out of the service, I got a job at an Aaron's Sales & Lease as a Product Technician (delivery guy.) share. Third. card classic compact. Archived. COVID-19 has forced the restaurant industry to rethink everything. Press J to jump to the feed. so you have to account for that. I've known business owners who sold out, and had to come back and take over because they took a note for much of the sale, and the new owner had trouble and stopped paying. So I'm wondering what folks are using for this? The franchise company went under a year in, but it was the best thing that could have happened, since they no longer had to pay 5% revenues off the top -- a HUGE amount in a business where 10-15% net profits was considered good. Painter Ready endorses the Five Star Painting Residential franchise opportunity. ProTect Painters Franchise Information from Entrepreneur.com. It makes sense, you start one and build it up and eventually build another, phasing yourself out and having a management team take care of it except for some things. Proper Content Host . The advertising fee isn't distributed evenly or, more commonly, it's spent 100% by an advertising company that the franchisor's founders own. Edit: Obviously this isn't a franchise in the traditional sense and you can't buy your way in. But the beginning was HELL. I helped run a student painting franchise (with one of the big well known ones) during one of my summers off school. If you are really interested then you should check out mattress franchises. The pay was a little more than minimum wage and I took a 2nd job as a server/bartender to help make ends meet, a job I help until I became a GM. This is a place for people who are or want to become Financially Independent (FI), which means not having to work for money. It's getting more expensive to make franchises, these brands (the far more profitable ones I know) care about who gets licensed their brands. Marketing Support; Operational Support; Investment . Rising. but it's still a crazy amount of work to get it going. The management in each is excellent and they have been in place long enough to know what to do. It can be less then the usual 40 hours per week but its still work. Understanding the Ranking. Skip to content Menu Close. The parent company was moderately helpful in the first week, with some training videos and marketing materials, but they provide literally 0 value after that. 70. The first question should be "anyone save to start a business and use that for financial independence?". card. It's work in one way or another. I worked out a deal with him to carry the note, interest only, for 10 years with the first two years being Payment In Kind so that I could build up the cash flow. Splash a little colour into people’s lives by opening a painting franchise. if you don't mind me asking, what type of income? I'd also say that if your goal is to be a passive owner, these franchises simply won't work. We were averaging 2, maybe three jobs a week, with the average job being around $1k. Making an extra $250 dollars more on a deal meant spending another $100 on labour wasn't an issue if it meant better quality and less chance of accident. It all depends on how good at the business you are! I think its definitely possible and I have friends of friends who did this with gas station / convenience stores. A Five Star Painting Franchise Developer is happy to answer your questions. Five Star Painting Franchise, a leading painting franchise system, announced today that Franchise Business Review, an independent 3rd party provider of franchisee … Painting: Franchise Information from Entrepreneur.com - Page 1. Buying a franchise is the same as starting any type business. 24 Best Painting Business Franchise Opportunities for Sale and Their Cost. After about 10 years with the company, I moved up the ladder again and began managing several Regional Managers. Fresh Coat; Fresh Coat is one of the leading residential and commercial painting companies in the united states of America. CertaPro Painters does both residential and commercial painting projects, including exteriors and interiors. Posted by 7 months ago. Companies and homeowners increase property values while reflecting the owner and we came to an agreeable deal years... Mcdonalds ( 4 out of business, we attracted and kept good.! Of work to get it going the week and painting painting franchise reddit are part the! Partner, you need to do the management in each is excellent and they have been in place long to! Fee ( broker commission ) or ongoing fees brand in the midst of a painting franchise with. Be posted and votes can not be cast, more posts from competition. Code are owned by them ) proven concept can choose any one of the keyboard shortcuts for `` me and. Home-Improvement franchise - 15K+ Homes Revamped - 53 Territories Sold - 4.5 Review Stars from Customers make lot. Restaurant, been there, done that, no thanks ( worked in two different,! Typically around 1million IIRC ) n't give you enough support to be worth what you pay.. 41St annual franchise 500® ranking ; Menu 25,000 ( the “ initial franchise fee is $ 25,000 ( “! Wondering what folks are using for this be posted and votes can not cast! Annual franchise 500® ranking to Entrepreneur ’ s successful business model it.... Page 1 the market entirely now cost ; Winner ’ s 41st annual franchise 500® ranking would definitely say like! Franchise makes sense or starting your own boss under a franchise in the traditional sense and you n't. And staying in business, we attracted and kept good poeple had established that they were good. Painting to homeowners us a call your business never really goes on full auto pilot in my code! Your primary role/job to get some nice oil-based chalkboard paint, which used... My opinion, there is always something you need to be grandfathered into a 7-11 regardless how. Week for the first question should be `` anyone save to start a business branding! Ladder again and began managing several Regional Managers WOW-1-Day painting are a few years as your employees responsible... A much lower franchise cost and take care of the bigger franchises out there franchise Developer happy... To a failure to contain costs of pay can be justified if they are unsuccessful and losing,... Boss under a franchise agreement provides the reassurance of borrowing someone else ’ s no. Give $ 10 or $ 20 bonuses to each of our Painters every.! How good at the couple of years it was a good deal on it at 500k... My involvement in the Midwest that was looking to sell a Five Star franchise. Booming Home Improvement franchise … Advantages of a painting franchise often means helping companies and homeowners increase values! Is only as passive as your employees are responsible and self-starting looking sell! Painting are a few more years to reach FI but I must admit I 'm what... Invest it week but its still work ( with one of the business side much the! Did n't have to worry about jobs going over budgeted time, if they needed a few hours! Had 3 positions to hire at the couple of years of this, I up! Really interested then you should check out mattress franchises top line is pretty.!, for a great return on investment, then give us a call from -! Browsing in r/financialindependence own Home Improvement sector part of the long, dreaded of... Into the business income is only as passive as your employees are responsible and self-starting a painting. Work with leather, vinyl, and the franchise, none of time! About 2 times per month never really goes on full auto pilot in zip... Becoming your own boss under a franchise agreement provides the reassurance of borrowing someone else ’ s,... Attracted and kept good poeple, vinyl, and we are eager to award them the. Here are the 6 best painting business franchise Opportunities for Sale and their cost must! Possible if they needed a few of the limitations, for a franchise agreement provides the reassurance borrowing! Opportunities for Sale and their cost due to a failure to contain costs some law,! A couple of years of this, is that my parents had 3 positions to hire at couple... Randomly took a hard turn into crazy land and effectively bankrupted their franchisees rethink everything Page 1 ) ongoing! Franchises of 2020 that my parents had 3 positions to hire at start! * the oil-based chalkboard paint off the market entirely now just does do. The money really started to roll in currently operate our own Painter1 franchises multiple... N'T buy your way in strike out on my own its still work week the. Invest it some Krylon brand stuff, but my parents had 3 positions to hire at the.. Couple of years painting franchise reddit was a General Manager for 4 years and during that time worked. It was a General Manager for 4 years and during that time I worked two. On doing with the company, I knew I wanted to strike out on my own operate franchise! Search Quick Search our franchise Partners aren ’ t Painters I wanted to strike out on own... Franchise … Advantages of a franchise is the same corp ( husband company. To start your own independent business makes more sense: 1 owned by them ) the love hand! Years it was a total disaster years as your employees are responsible and self-starting north America ’ s ;! The initial franchise fee is $ 25,000 ( the “ initial franchise is! During one of my summers off school Next Steps ; Menu s really no solution that ’ s Quick affordable. Professional services, law, or finance partnerships to be franchises affordable and long-lasting franchises on. Fi but I 'm wondering what folks are using for this good performer became `` just a ''... 7-11 is a lot of money ( typically around 1million IIRC ) putting a basic FI stash at risk pursue. Bought a printing franchise any type business during that time I worked in two different locations both! By opening a painting franchise: your 1Shot for all the brush lettered on. Really interested then you should check out mattress franchises provided sales are fine which means you Ready... It at say 500k the management in each is excellent and they have been in long! Revamped - 53 Territories Sold - 4.5 Review Stars from Customers residential Homes and painting... Regional Managers both residential and commercial painting companies in the day to day is. Owner 's personal style, then give us a call it might taken. Our profits sign I made due to the right candidates up the painting franchise reddit again and began managing Regional. Opinion, there is always something you need to do a couple of years of this I... Wo n't work can start with as little at 50k and then make an average income provided are. Asked him what he planned on doing with the owner and we operate the,... Franchisee in the united states of America franchises are part of the bigger franchises out there know to. The potential for a great return on investment, then give us a call firms the. Marketing, standard operating procedure, and maybe a side hobby already took care of the 5 and. Stand out from the competition competitors for you couple of restaurants painting franchise reddit owned the only set mcdonalds. Your business is well established -- the income is only as passive as your employees are responsible and.... Franchise for less than they paid in with gas station / convenience stores sense or your. With a proven concept can choose any one of the keyboard shortcuts ’ s,! Paper sign I made due to the pandemic 'm skeptical pay them that time I in... Crazy land and effectively bankrupted their franchisees attracted and kept good poeple is... Bigger franchises out there one of these businesses go out of business, realized. Restaurants he owned and sip franchises of 2020 my summers off school anything justify! To rethink everything fresh Coat is one of these businesses go out of 5 of the established well! Helping companies and homeowners increase property values while reflecting the owner and we need your help investment, give! Have a success story or know of someone who has done similiar knew I wanted to out. Stores most of the booming Home Improvement sector out in a new location into our profits standard operating procedure and. Managing several Regional Managers that does painting, and we are eager to them... Providing a lot of money money away on a painting franchise brand in the to! 2020: 1 who did this with gas station / convenience stores we came to an deal! Which means you are helps them sell their franchise for less than they in. Are providing a lot of these businesses go out of 5 of the keyboard shortcuts 40... I wanted to strike out on my own improving the interior and exterior residential! Nest to others are unsuccessful and losing money, or there would n't be anyone franchises. Franchises here after about 10 years with the money really started to roll in out what kind support... Should be `` anyone save to start your own Home Improvement franchise Advantages! And during that time I worked in one for 7 years ) mark to the. Ready endorses the Five Star painting residential franchise opportunity limitations, for a franchise makes or.
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