- 2022 Franchise 500 Rank
-
#468 Not ranked last year
- Initial investment
-
$125K - $162K
- Units as of 2021
-
25 1,150.0% over 3 years
Company Overview
About LIME Painting
- Industry
- Home Improvement
- Related Categories
- Painting
- Founded
- 2014
- Leadership
- Alexis Owens, Marketing Coordinator
Franchising Overview
- Franchising Since
- 2018 (4 years)
- # of employees at HQ
- 9
- Where seeking
-
This company is seeking new franchisees throughout the US.
- # of Units
- 25 (as of 2021)
Franchisor Information
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
- $124,700 - $162,375
- Net Worth Requirement
- $150,000
- Cash Requirement
- $50,000
- Veteran Incentives
- $5,000 off franchise fee
- Royalty Fee
- 7%
- 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
-
NewsletterMeetings & ConventionsOnline SupportField OperationsProprietary Software
- Marketing Support
-
Ad TemplatesNational MediaRegional AdvertisingSocial MediaSEOWebsite DevelopmentEmail MarketingLoyalty 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
Curious to know where LIME Painting ranked on other franchise lists? Find out below.
Want to stay updated on the latest franchise news?
Never miss a beat when you sign up to receive our newsletter.
We care about the protection of your data. Read our Privacy Policy
Related Franchises
Are you eager to see what else is out there? Browse more franchises that are similar to LIME Painting.
Related Franchise Content
Catch up on the latest franchise news, trends, and more.
The Pandemic Created 'Childcare Deserts,' and This Bilingual Education Company Is Stepping In to Fill the Void
Canadian brand Maple Bear had been eyeing expansion to the U.S. for a while, but changing demographics during the pandemic finally made the time right.
One-Two Punch: She Opened One of the First Mayweather Boxing Franchises, and Then the Pandemic Hit
Kathy Davis knows the meaning of rolling with the punches.
McDonald's to Exit Russia for Good: 'We Can No Longer Keep the Arches Shining There.'
After 30 years and over 800 stores, McDonald's has decided to leave Russia for good following its temporary closure of stores amidst conflict with Ukraine.
The Role and Responsibilities of a Franchisee, Defined
The Yin to the Franchisor's Yang, franchisees are essential to the functionality of the business model.
Jon Taffer on Communication, Marketing and Consistency in Franchising
'Entrepreneur' editor-in-chief Jason Feifer sat down with 'Bar Rescue' host Jon Taffer to discuss his new book, 'The Power of Conflict,' in which he shares illuminating insights on running a business, maintaining consistency in franchising and where to put your money when it comes to marketing.
Four Years Ago, This Chick-Fil-A Started Paying $17 An Hour. It Transformed the Business.
Back in 2018, Eric Mason made headlines when he began paying his employees a "living wage." On this side of the great recession, his experience could be a roadmap for other fast food franchises.