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Pinot's Palette

2014 Franchise 500
#423
At a Glance

Products & Services: Paint-and-sip studio

Number of Locations: 90

Total Investment: $74.2K - $173.5K

Founded: 2009

Began Franchising: 2010

About Pinot's Palette

The first Pinot's Palette (originally called Pinot & Picasso) opened in Houston in 2009. The name change, along with the advent of franchising, came in 2010. Franchises offer in-studio painting classes and private parties, as well as mobile event services. Customers bring their own wine or other beverages and are taught step-by-step to create a painting.

Franchise Units

Year U.S. Canadian International Company Owned
2014 86 0 0 4
2013 40 0 0 4
2012 11 0 0 3
2011 2 0 0 2
2010 1 0 0 2
Where Seeking Franchisees: Franchisor is seeking new franchise units worldwide.
Direct Capital

Startup Costs, Ongoing Fees and Financing

Total Investment: $74,200 - $173,500
Franchise Fee: $25,000
Ongoing Royalty Fee: 5%
Term of Franchise Agreement: 10 years, renewable
Veteran Incentives: 10% off franchise fee
Financial Requirements
Net Worth: $80,000 - $100,000
Liquid Cash Available: $80,000 - $100,000
Operations
Number of employees needed to run franchised unit: 6. Absentee ownership of franchise is NOT allowed. (100% of current franchisees are owner/operators).
Direct Capital
Financing Type In-House Third Party
Franchise Fee
Startup Costs
Equipment
Inventory
Accounts Receivable
Payroll

How This Franchise Supports Franchisees

Training: Available at headquarters: 5 days. At franchisee's location: 4-5 days. Additional training as needed
Ongoing Support: Grand opening, Internet, Field operations/evaluations, Purchasing cooperatives, Lease Negotiation
Other marketing support: Local marketing plans

Franchise Ranking History

Franchise 500®: #423 (2014),
Fastest-Growing: #97 (2014),
Top New: #45 (2014), #68 (2013),