Signing out of account, Standby...
- 2022 Franchise 500 Rank
N/R Not ranked last year
- Initial investment
$182K - $305K
- Units as of 2022
1 0.0% over 3 years
Here’s what you need to know if you’re interested in opening a 1-800-Striper franchise.
1-800-Striper is a full-service parking lot striping company with over 20 years of experience, over 1 million lines painted, and thousands of parking lots re-striped. No matter the nature of your premises, business, corporate or residential property, 1-800-Striper strives to get the job done.
While still a teenager, Luke Menear had the nerve to learn from those who’d come before him, ask the right questions and, eventually, buy the equipment necessary to begin the business alongside Heather Menear. The Menears learned and developed the processes needed to produce excellent results each time 1-800-Striper was called out for a job. Today, 1-800-Striper may have a reputation all over the United States for providing clearly marked, attractive parking facilities that enable safety and ease of transition.
1-800-Striper began offering franchises in 2020.
Why You May Want To Start a 1-800-Striper Franchise
1-800-Striper is looking for franchisees interested in building maintenance, paving, striping, or service industries. An eye for design is necessary to visualize and create efficient parking and pedestrian line designs. Ideal franchisees would also be those who value loyalty, integrity, excellence, notability, and support. They should also be personable, professional, and able to create relationships with partnerships in their communities.
Anyone with the right qualifications and eager to start their own business, operate it from home or other premises, and follow 1-800-Striper’s well-developed, proprietary systems is encouraged to learn more about the programs and startup packages the company offers.
What Might Make a 1-800-Striper Franchise a Good Choice?
You don’t need prior experience to start a 1-800-Striper franchise, but you will get the necessary training regarding process and materials, marketing, and sales. A typical franchise agreement runs for ten years. Franchisees may be allowed to renew their agreement if they meet the 1-800-Striper requirements.
To be part of the 1-800-Striper 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 renewal fees. Franchisees will also need to meet the company’s set net worth and liquid capital requirements.
How To Open a 1-800-Striper Franchise
Before making any financial commitment or signing an agreement with 1-800-Striper, 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 1-800-Striper franchising team questions.
The 1-800-Striper leadership team offers franchisees step-by-step support, initial and ongoing training, and education programs if awarded a franchise. They also may offer innovative relationship-building with vendors, potentially opening the door to national and global accounts.
As you decide if opening a 1-800-Striper 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 1-800-Striper would do well in your community. While competition is healthy, too much of it may not allow for the most possible growth.
- Franchising Since
- 2020 (2 years)
- # of employees at HQ
- Where seeking
This company is seeking new franchisees in the following US states: Alabama, Arkansas, Colorado, Connecticut, Delaware, Florida, Georgia, Iowa, Kansas, Kentucky, Louisiana, Massachusetts, Maryland, Maine, Missouri, Mississippi, North Carolina, New Hampshire, New Jersey, New York, Ohio, Oklahoma, Oregon, Pennsylvania, Rhode Island, South Carolina, Tennessee, Texas, Virginia, Vermont, West Virginia
- # of Units
- 1 (as of 2022)
Information for Franchisees
Here’s what you need to know if you’re interested in opening a 1-800-Striper 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.
- Initial Investment
- $182,098 - $305,424
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.
- 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.
- Cash Requirement
Definition: The minimum liquid capital you must have available in order to qualify to become a franchisee of this company.
- Veteran Incentives
- 15% off franchise fee
Definition: A discount or other incentive offered to military veterans who buy a franchise with this company.
- 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.
- 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.
- Term of Agreement
- 10 years
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.
- Is franchise term renewable?
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
- 55 hours
- Classroom Training
- 25 hours
- Ongoing Support
Meetings & ConventionsToll-Free LineGrand OpeningOnline SupportSecurity & Safety ProceduresField OperationsFranchisee Intranet Platform
- Marketing Support
Ad TemplatesSocial MediaSEOWebsite DevelopmentEmail Marketing
Additional details about running this franchise.
- Is absentee ownership allowed?
Definition: Absentee ownership means that the franchisee does not actively work in the franchise business or manage day-to-day operations.
- 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.
- 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.
- # of employees required to run
- 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.
Are you eager to see what else is out there? Browse more franchises that are similar to 1-800-Striper.
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