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Franchise 500 2023
2024 Franchise 500 Rank
N/R Ranked #394 last year
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Initial investment
$107K - $167K
Units as of 2023
62 Decrease 27% over 3 years

Color World Painting is an interior and exterior painting specialist catering to homes and businesses. The company has been painting houses and buildings since 1997, striving to employ only the most skilled workers and use nothing short of the best products available in the market.

Customers can take advantage of the company's range of services: carpentry, staining, power washing, drywall repair, gutter installation, and even holiday lighting installation. Color World Painting has made itself a one-stop shop dedicated to serving communities across the nation.

Why You May Want to Start a Color World Painting Franchise

Color World Painting believes in a life-work balance and has built its business model so franchisees may enjoy the perks this balance can offer: family, flexibility, and freedom. They offer absentee ownership, giving the franchisee the opportunity to be hands-off. They also allow for the potential of a home-based business, meaning that you may not even need to secure a storefront to open a Color World Painting franchise.

You don't need painting experience to be a franchisee. If you are a strong leader, outgoing and friendly, and family and growth-oriented, you may find the company's culture a good fit. Franchisees may also benefit from the seasonal nature of the work as opposed to year-round.

What Might Make a Color World Painting Franchise a Good Choice?

There are a lot of things about Color World Painting that may be appealing to franchisees. One is its ranking with Entrepreneur. Color World Painting has been ranked on Entrepreneur's Franchise 500 based on an evaluation of more than 150 data points in the areas of costs and fees, size and growth, franchisee support, brand strength, and financial strength and stability. It has also been named to Entrepreneur’s Top New Franchises list multiple times in recent years.

The company has fairly low investment requirements with a possibility of multiple streams of revenue. Multiple revenue streams make Color World Painting a unique franchise within the industry, with the potential for a franchisee to offer expertise in several areas. 

Another key benefit of the Color World Painting business model is its minimum employee requirement. For every three or four teams of paint crews, the company only requires franchisees to employ a single office worker to manage them. 

How Do You Open a Color World Painting Franchise?

If you want to open a Color World Painting franchise, you need to consider if you can meet the company's financial requirements, including an initial investment made up of a franchise fee and other startup costs. Franchisees will want to make sure they have enough capital available to cover additional ongoing fees, as well. These fees will include royalty fees or renewal fees. 

As you make your decision regarding whether to open a Color World Painting franchise, make sure you take time to explore the opportunity. Research the brand and your local area to see if a franchise would do well in your community. While competition is healthy, too much of it may not allow for the most possible growth.

Suppose everything works out in your favor and you become a Color World Painting franchisee. In that case, you could possibly benefit from the company's various types of support, from marketing to recruitment. Soon enough, you'll be painting your community in color!

Find Your Perfect Franchise

Company Overview

About Color World Painting

Industry Home Improvement
Related Categories Painting, Miscellaneous Home-Improvement Businesses
Founded 1997
Parent Company Authority Brands
Leadership Stewart Vernon, EVP Authority Brands
Corporate Address 7120 Samuel Morse Dr., #300
Columbia, MD 21046
Social Facebook, Twitter, LinkedIn, Instagram, YouTube

Business Overview

Franchising Since 2016 (8 years)
# of employees at HQ 124
Where seeking

This company is offering new franchises throughout the US.

# of Units 62 (as of 2023)

Information for Franchisees

Here's what you need to know if you're interested in opening a Color World Painting 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 Information Circle
$49,500
Initial Investment Information Circle
$106,500 - $166,800
Net Worth Requirement Information Circle
$130,000
Cash Requirement Information Circle
$80,000
Veteran Incentives Information Circle
30% off franchise fee
Royalty Fee Information Circle
6%
Ad Royalty Fee Information Circle
2%
Term of Agreement Information Circle
10 years
Is franchise term renewable? Yes
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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 Color World Painting offers in-house financing to cover the following: accounts receivable, payroll
Third Party Financing Color World Painting has relationships with third-party sources which offer financing to cover the following: franchise fee, startup costs, equipment, inventory

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 40 hours
Classroom Training 280 hours
Ongoing Support
Newsletter
Meetings & Conventions
Toll-Free Line
Grand Opening
Online Support
Security & Safety Procedures
Field Operations
Site Selection
Proprietary Software
Franchisee Intranet Platform
Marketing Support
Co-op Advertising
Ad Templates
National Media
Regional Advertising
Social Media
SEO
Website Development
Email Marketing

Operations

Additional details about running this franchise.

Is absentee ownership allowed? No
Can this franchise be run from home/mobile unit? Information Circle
Yes
Can this franchise be run part time? Information Circle
Yes
# of employees required to run 1-5
Are exclusive territories available? Information Circle
No
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Franchise 500 Ranking History

Compare where Color World Painting landed on this year's Franchise 500 Ranking versus previous years.

Additional Rankings

Curious to know where Color World Painting ranked on other franchise lists? Find out below.

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Disclaimer
The information on this page is not intended as an endorsement or recommendation of any particular franchise or business opportunity by Entrepreneur Media. Our listings and rankings are solely research tools you can use to compare opportunities. Entrepreneur stresses that you should always conduct your own independent investigation before investing in a franchise or business opportunity. That should include reviewing the company's legal documents, consulting with an attorney and an accountant, and talking to former and current franchisees/licensees/dealers.
Updated: December 12th, 2022