Start a Painter1 Franchise in 2024

Franchise 500 Rank: N/R Not ranked last year

Initial investment: $71K - $134K

Units as of 2023: 43 87.0% over 3 years

Painter1 is a commercial and residential painting business started by two business friends, Jason Leber and Conrad Kolba. The company prides itself on renewing spaces by using registered and skillful painters to bring a room to life with paint. Their company slogan is "Renew Your Space. Renew Your Life." They try to live by this adage in every job that they handle.

Why You May Want to Start a Painter1 Franchise

Colors may enhance an individual's mood by inspiring creativity, increasing productivity, and creating a relaxing ambiance. Painter1 customizes its professional painting services to meet the requirements of both commercial and residential spaces. The company also offers complete painting services from color selection to the final project, including an inspection.

The founders of Painter1 are passionate about bringing customers' homes and business premises to life with color. The company uses professional, licensed painters to liven up a room or building.

A Painter1 franchisee should be driven and passionate about business. Additionally, you will be part of a team, making team spirit an excellent quality to have. A Painter1 may also help to give you the much sought-after freedom that running a business can promise.

What Might Make a Painter1 Franchise a Good Choice?

The Painter1 franchise may give franchisees a portion of the 10% equity pool, co-owned by all franchisees. Before making any financial commitment or signing an agreement, you must perform your due diligence and establish if this is the right opportunity for you. As part of your due diligence, you may want to speak to existing franchisees and ask the company's franchising team questions.

Opening a Painter1 franchise may offer a more predictable outcome than investing in a completely new brand that could struggle to thrive in an already crowded and competitive industry.

To be part of the Painter1 team, you should make sure you're financially ready for an initial investment made up of a franchise fee and other startup costs. In addition, you should prepare yourself for ongoing fees that will include advertising, royalty, and potential renewal fees.

Painter1 may offer in-house financial help covering the franchise fee. They also have partnered with third-party lenders that may help cover the franchise fee and startup costs if you qualify.

How To Open a Painter1 Franchise

As you decide if opening a Painter1 franchise is the right move for you, make sure you take time to explore the opportunity. Research the brand and your local area to see if a Painter1 franchise would do well in your community.

Painter1 takes its painting business seriously. Every new franchisee receives a solid foundation of training from one of its successful franchisees. Painter1 wants to ensure they are not simply churning out franchisees, but equipping you with adequate training to help you reach your financial and business goals.

Once you complete your training, the franchisor will set you up with their latest technology to help you run your marketing and day-to-day business operations. This may include painting estimates. Furthermore, the franchisor has cloud-based software that franchisees can access for the everyday running of their business.

Company Overview

About Painter1

Industry	Home Improvement
Related Categories	Painting
Founded	2012
Leadership	Jason Leber, Managing Partner
Corporate Address	105 N. Main St. Spanish Fork, UT 84660
Social	Facebook, Twitter

Business Overview

Franchising Since	2016 (8 years)
# of employees at HQ	10
Where seeking	This company is offering new franchises in the following US states: Alaska, Alabama, Arkansas, Arizona, Colorado, Connecticut, District of Columbia, Delaware, Florida, Georgia, Hawaii, Iowa, Idaho, Illinois, Indiana, Kansas, Kentucky, Louisiana, Massachusetts, Maryland, Maine, Missouri, Mississippi, Montana, North Carolina, Nebraska, New Hampshire, New Jersey, New Mexico, Nevada, Ohio, Oklahoma, Oregon, Pennsylvania, South Carolina, Tennessee, Texas, Utah, Virginia, Vermont, Washington, Wisconsin, West Virginia, Wyoming
# of Units	43 (as of 2023)

Information for Franchisees

Here's what you need to know if you're interested in opening a Painter1 franchise.

Financial Requirements & Ongoing Fees

Here's what you can expect to spend to start the business and what ongoing fees the franchisor charges throughout the life of the business.

Initial Franchise Fee Definition: The initial fee paid to a franchisor to join their system What you need to know: Found in Item 5 of the FDD, this may be a flat fee, or may vary based on territory size, experience, or other factors.The franchise fee is an up-front (one-time) cost that a new franchisee pays to the franchisor. This fee is usually due at the signing of the franchise agreement and covers the right to use the franchisor's trademarks, name, and related business systems.	$49,500
Initial Investment Definition: The total amount necessary to begin operation of the franchise What you need to know: The initial investment includes the franchise fee, along with other startup expenses such as real estate, equipment, supplies, business licenses, and working capital. This is outlined in a chart in Item 7 of the FDD, showing a range of possible costs from low to high.	$70,910 - $133,520
Net Worth Requirement Definition: The minimum net worth you must have in order to qualify to become a franchisee of this company What you need to know: Net worth is the value of a person's assets minus liabilities. Assets include cash, stocks, retirement accounts, and real estate. Liabilities include items like mortgages, car payments, and credit card debt.	$150,000 - $250,000
Cash Requirement Definition: The minimum liquid capital you must have available in order to qualify to become a franchisee of this company.	$80,000 - $120,000
Veteran Incentives Definition: A discount or other incentive offered to military veterans who buy a franchise with this company.	10% off franchise fee
Royalty Fee Definition: A ongoing fee paid to the franchisor on a regular basis. What you need to know: Most franchisors require franchisees to pay an ongoing royalty fee, which is detailed in Item 6 of the FDD. This fee is typically a percentage of weekly or monthly gross sales, but may also be a flat weekly, monthly, or annual fee.	5%
Ad Royalty Fee Definition: An going fee paid to the franchisor on a regular basis to support advertising or marketing efforts. What you need to know: This may also be called advertising fee, marketing fee, brand fund fee, and more, but the basic purpose is the same-- to support promotion of the brand systemwide. As with the royalty fee, it is detailed in Item 6 of the FDD, and can be a percentage of weekly or monthly gross sales or a weekly, monthly, or annual fee.	2%
Term of Agreement Definition: The length of time your franchise agreement will last. What you need to know: Franchise terms are typically anywhere from 5 to 20 years in length, but are sometimes instead dependent on factors such as the term of your lease. Once your term is up, you may have the option to renew your agreement, typically for a smaller fee than the original franchise fee.	8 years
Is franchise term renewable?	Yes

Financing Options

Some franchisors offer in-house financing, while others have relationships with third-party financing sources to which they refer qualified franchisees.

In-House Financing	Painter1 offers in-house financing to cover the following: franchise fee
Third Party Financing	Painter1 has relationships with third-party sources which offer financing to cover the following: franchise fee, startup costs

Training & Support Offered

Franchisors offer initial training programs and a variety of ongoing support options to help franchisees run their businesses.

On-The-Job Training	32 hours
Classroom Training	20 hours
Ongoing Support	Purchasing Co-ops Newsletter Meetings & Conventions Toll-Free Line Grand Opening Online Support Security & Safety Procedures Field Operations Proprietary Software Franchisee Intranet Platform
Marketing Support	Co-op Advertising Ad Templates National Media Regional Advertising Social Media SEO Website Development Email Marketing Loyalty Program/App

Operations

Additional details about running this franchise.

Is absentee ownership allowed?	No
Can this franchise be run from home/mobile unit? Definition: The business can be run from your home and/or a vehicle, and it is not necessary to have a retail facility, office space, or warehouse.	Yes
Can this franchise be run part time? Definition: This business can be run by the owner on a part-time basis (less than 40 hours per week) and/or as a side business; it is not necessary for the business to be open/run full-time.	No
# of employees required to run	-3
Are exclusive territories available? Definition: An exclusive territory is a fixed area in which you are given the right to operate and in which no other units of the same franchise may be opened. What you need to know: Territory size may be based on factors such as radius, population size, zip codes, and more. Details can be found in Item 12 of the FDD.	No