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Franchise 500 2023
2024 Franchise 500 Rank
#381 Ranked #371 last year
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Initial investment
$126K - $201K
Units as of 2023
36 Increase 620.0% 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 10
Where seeking

This company is offering new franchises throughout the US.

# of Units 36 (as of 2023)

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 Information Circle
$60,000
Initial Investment Information Circle
$125,700 - $201,075
Net Worth Requirement Information Circle
$150,000
Cash Requirement Information Circle
$50,000
Veteran Incentives Information Circle
$5,000 off franchise fee
Royalty Fee Information Circle
7%
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.

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? 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 2
Are exclusive territories available? Information Circle
Yes
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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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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