- 2024 Franchise 500 Rank
-
#381 Ranked #371 last year
- Initial investment
-
$127K - $227K
- Units as of 2024
-
86 160.6% over 3 years
Company Overview
About LIME Painting
Industry | Home Improvement |
---|---|
Related Categories | Painting |
Founded | 2014 |
Leadership | Nick Lopez, CEO & Founder |
Corporate Address |
4950 S. Yosemite St., F2 #171 Greenwood Village, CO 80111 |
Social | Facebook, LinkedIn, YouTube |
Business Overview
Franchising Since | 2018 (6 years) |
---|---|
# of employees at HQ | 13 |
Where seeking |
This company is offering new franchises throughout the US. |
# of Units | 86 (as of 2024) |
|
Information for Franchisees
Here's what you need to know if you're interested in opening a LIME 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
|
$60,000 |
---|---|
Initial Investment
|
$126,700 - $227,075 |
Net Worth Requirement
|
$125,000 |
Cash Requirement
|
$50,000 |
Veteran Incentives
|
$5,000 off franchise fee |
Royalty Fee
|
7%-4% |
Ad Royalty Fee
|
1%-3% |
Term of Agreement
|
10 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.
Third Party Financing | LIME Painting has relationships with third-party sources which offer financing to cover the following: franchise fee, startup costs, equipment, inventory, accounts receivable, payroll |
---|
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 | 40 hours |
Ongoing Support |
Purchasing Co-ops
Newsletter
Meetings & Conventions
Toll-Free Line
Grand Opening
Online Support
Field Operations
Proprietary Software
Franchisee Intranet Platform
|
Marketing Support |
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? | Yes |
---|---|
Can this franchise be run from home/mobile unit?
|
Yes |
Can this franchise be run part time?
|
Yes |
# of employees required to run | 2 |
Are exclusive territories available?
|
Yes |
Franchise 500 Ranking History
Compare where LIME Painting landed on this year's Franchise 500 Ranking versus previous years.
Additional Rankings
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