- 2024 Franchise 500 Rank
-
#321 Not ranked last year
- Initial investment
-
$60K - $110K
- Units as of 2024
-
26 420.0% over 3 years
Richard's Painting specializes in interior and exterior residential and commercial painting as well as pressure washing services. The company boasts what it believes to be a solid business model, laser-focused techniques, unmatched customer service, and technology that simplifies transactions for clients. Above anything, Richard's Painting promises top-notch results by painting with integrity.
Richard Gould founded the company in 1999 in an attempt to provide the market with painters who won't cut corners when no one's looking and will perform their jobs correctly each time, with pride. From its humble beginnings in Salisbury, North Carolina, Richard's Painting started franchising in 2019. There are now multiple Richard’s Painting locations in the United States.
Why You May Want To Start a Richard's Painting Franchise
If you are looking for an opportunity that feels like a personal calling as much as a business, you might want to open a Richard's Painting franchise. Unlike some others, Richard's Painting attempts to invest by attaching a face to their name. They like to shake hands with their clients, give sincere professional advice, and make them feel like family.
You don't need any business experience to be a Richard’s Painting franchisee, but you have to be committed. Richard's Painting offers full support from the ground up, so you may be poised for success as you go. They will help with operations, marketing, purchasing, accounting, legalities, research, and development. With the executive team’s decades of experience in the industry, you may be able to trust that you're in expert hands.
What Might Make a Richard's Painting Franchise a Good Choice?
Strategy is one of the most vital attributes of Richard's Painting. They have a solid but straightforward operating model proven to work for over two decades. They're well differentiated in the market, and according to existing franchisees, a fairly tight-knit bunch.
Opening a Richard's Painting franchise may offer a more predictable outcome than investing in a completely new brand that could struggle to thrive in an already crowded and competitive industry.
To be part of the Richard's Painting franchise 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 fees and royalty fees.
How To Open a Richard's Painting Franchise
As you decide if opening a Richard's Painting 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 a Richard's Painting franchise would do well in your community. While competition is healthy, too much of it may not allow for the most possible growth.
Before making any financial commitment or signing an agreement, 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 Richard's Painting franchising team questions.
If awarded a franchise, franchisees receive a great deal of support from the Richard's Painting brand throughout the franchising process. In addition to pre-opening training, franchisees receive support through brand awareness, marketing, research, and more.
Company Overview
About Richard's Painting
Business Overview
Franchising Since | 2019 (5 years) |
---|---|
# of employees at HQ | 4 |
Where seeking |
This company is offering new franchises throughout the US. |
# of Units | 26 (as of 2024) |
|
Information for Franchisees
Here's what you need to know if you're interested in opening a Richard's 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
|
$39,950 |
---|---|
Initial Investment
|
$60,150 - $109,500 |
Veteran Incentives
|
25% off franchise fee |
Royalty Fee
|
5% |
Ad Royalty Fee
|
1% |
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.
In-House Financing | Richard's Painting offers in-house financing to cover the following: franchise fee |
---|---|
Third Party Financing | Richard's 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 | 38 hours |
---|---|
Classroom Training | 36 hours |
Ongoing Support |
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
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?
|
Yes |
Can this franchise be run part time?
|
Yes |
Are exclusive territories available?
|
Yes |
Franchise 500 Ranking History
Compare where Richard's Painting landed on this year's Franchise 500 Ranking versus previous years.
Additional Rankings
Curious to know where Richard's Painting ranked on other franchise lists? Find out below.
Sign Up for Our Franchise Newsletter
Stay up to date on the latest news and trends affecting the franchise industry.
Related Franchises
Are you eager to see what else is out there? Browse franchises that are similar to Richard's Painting.
UPS Store, The
- description
- Shipping, packing, package management, mailboxes, printing, faxing, shredding, notary services
Related Franchise Content
Catch up on the latest franchise news, trends, and more.
Why Opening a Second Location Requires a Fresh Strategy (Even If Your First Was a Hit)
Here are some key points to consider before adding another location to your burgeoning multi-unit brand.
Jeff's Bagel Run Offers a Dynamic, Rapidly Expanding Franchise Concept!
Jeff's Bagel Run franchisees provide their customers with a unique and high-quality product offering that includes bagels made from scratch and custom coffee programs.
Subway's CEO Steps Down Amid a Major Transition for the Sandwich Giant
John Chidsey will step down at the end of 2024, marking the close of a transformative five-year tenure.
You Can Start These 10 Franchises for $10,000 or Less
Many budget-friendly franchise opportunities are in industries with high demand, such as home services, cleaning or mobile businesses.
The Top 10 Burger Franchises in 2024
Taste the sizzle success with the best burger franchises, according to the 2024 Franchise 500 Ranking.
An Executive's 5-Minute Guide to Building a Legacy Team
This guide delves into the critical aspects of building a legacy team, emphasizing the importance of nurturing a strong internal culture and leading by example to attract and retain top talent.