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- 2022 Franchise 500 Rank
#457 Ranked #397 last year
- Initial investment
$54K - $77K
- Units as of 2022
167 3.1% over 3 years
Here’s what you need to know if you’re interested in opening a Fresh Coat Painters franchise.
People may be too busy with life to slow down and tackle large projects. Fresh Coat allows people to get their painting projects done without lifting a finger. Fresh Coat is typically hired to paint the interior and exterior of apartments, houses, offices, cabinets, garages, and more.
Why You May Want to Open a Fresh Coat Franchise?
Fresh Coat tries to provide a top-quality painting service while saving their clients money. Fresh Coat has been ranked in Entrepreneur’s Franchise 500 many times in the past decade. This is based on an evaluation of more than 150 data points including costs and fees, size and growth, franchisee support, brand strength, and financial strength and stability.
Franchisees may continue to pay fees to Fresh Coat to use their name and advertising material. Fresh Coat is often hired through referrals and direct advertising. They may offer customers fixed pricing promotions advertised through direct mail advertisements and referrals.
Before making any financial commitments or signing an agreement, you must perform your due diligence and establish if this is the right opportunity for you. You may also benefit from speaking with a franchise attorney and financial planner.
What Might Make a Fresh Coat Franchise a Good Choice?
Fresh Coat is a part of the professional home services industry. Fresh Coat is located in the U.S. and boasts more than 150 franchises. Unlike other franchise opportunities, Fresh Coat does not typically require any previous painting experience. As a franchisee, you may hire and manage your painters, with teams being as small as two individuals.
Fresh Coat utilizes name-brand paint partners to carry their paint and materials so that franchisees do not have an excess of inventory. This may help keep costs low for both the franchisee and clients.
When you're investing in your Fresh Coat business, you may receive the support of a well-known and trusted brand. You might also have access to company training, including webinars, regional meetings, and even national conferences. In your initial training, you are usually taught how to operate a Fresh Coat business. Fresh Coat includes training of skills for effective planning, hiring quality employees, target market, and managing techniques.
How to Get Started with Fresh Coat
To get started with Fresh Coat, you may need to contact them via a franchise request form. Within a few business days, someone from Fresh Coat usually contacts you to discuss financing options. As part of your due diligence process, you may want to contact other franchisees for any questions about Fresh Coat and what operating a franchise with the company requires.
Next, you usually decide on a managing team of Fresh Coat. A franchise director generally creates an exclusive area for you to build your business. This is where you may create a local presence and start operations. At this point, the franchise director may also go through the Franchise Disclosure Document with you.
A trip to corporate headquarters in Cincinnati, Ohio might allow for face-to-face meetings, including a few days of training and classes detailing how best to run your Fresh Coat business.
About Fresh Coat Painters
- Franchising Since
- 2005 (17 years)
- # of employees at HQ
- Where seeking
This company is seeking new franchisees in the following US states: Alaska, Alabama, Arkansas, Arizona, California, Colorado, Connecticut, District of Columbia, Delaware, Florida, Georgia, Iowa, Idaho, Illinois, Indiana, Kansas, Kentucky, Louisiana, Massachusetts, Maryland, Maine, Michigan, Minnesota, Missouri, Mississippi, Montana, North Carolina, North Dakota, Nebraska, New Hampshire, New Jersey, New Mexico, Nevada, New York, Ohio, Oklahoma, Oregon, Pennsylvania, Rhode Island, South Carolina, South Dakota, Tennessee, Texas, Utah, Virginia, Vermont, Washington, Wisconsin, West Virginia, Wyoming
This company is seeking new franchisees in the following international regions: Canada
- # of Units
- 167 (as of 2022)
Information for Franchisees
Here’s what you need to know if you’re interested in opening a Fresh Coat Painters 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
- $53,850 - $76,750
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.
- Cash Requirement
Definition: The minimum liquid capital you must have available in order to qualify to become a franchisee of this company.
- Veteran Incentives
- $2,000 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?
Some franchisors offer in-house financing, while others have relationships with third-party financing sources to which they refer qualified franchisees.
- Third Party Financing
- Fresh Coat Painters 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
- 48 hours
- Classroom Training
- 40 hours
- Ongoing Support
Purchasing Co-opsNewsletterMeetings & ConventionsToll-Free LineGrand OpeningOnline SupportSecurity & Safety ProceduresLease NegotiationField OperationsSite SelectionProprietary SoftwareFranchisee Intranet Platform
- Marketing Support
Co-op AdvertisingAd TemplatesNational MediaRegional AdvertisingSocial MediaSEOWebsite DevelopmentEmail MarketingLoyalty Program/App
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.
Interested in franchise ownership like Fresh Coat Painters? Request a free consultation with a Franchise Advisor now.
Franchise 500 Ranking History
Compare where Fresh Coat Painters landed on this year’s Franchise 500 Ranking versus previous years.
Curious to know where Fresh Coat Painters ranked on other franchise lists? Find out below.
Are you eager to see what else is out there? Browse more franchises that are similar to Fresh Coat Painters.
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