Wow 1 Day Painting

At a Glance

Products & Services: One-day residential and commercial painting

Number of Locations: 25

Total Investment: $90K - $130K

Founded: 2008

Began Franchising: 2010

Franchise Units

Year U.S. Canadian International Company Owned
2014 18 7 0 0
2013 13 9 0 0
2012 4 7 0 0
2011 3 2 0 0
Where Seeking Franchisees: Franchisor is seeking new franchise units throughout the U.S. and Canada.
Direct Capital

Startup Costs, Ongoing Fees and Financing

Total Investment: $90,000 - $130,000
Franchise Fee: $46,000
Ongoing Royalty Fee: 6%
Term of Franchise Agreement: 5 years, renewable
Veteran Incentives: 50% off second territory
Financial Requirements
Net Worth: $150,000
Liquid Cash Available: $90,000
Operations
Franchise can be run from home. 10% of all franchisees own more than one unit. Number of employees needed to run franchised unit: 3 - 4. Absentee ownership of franchise is allowed. (50% 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: 1 week. At franchisee's location: 3 days. Additional training as needed
Ongoing Support: Newsletter, Meetings, Toll-free phone line, Grand opening, Internet, Security/safety procedures, Field operations/evaluations, Purchasing cooperatives
Marketing Support: Co-op advertising, National media, Regional advertising,
Other marketing support: PR, online marketing

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