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Fresh Coat
 

Ranked "Top 75 Low-Cost Franchise” and “Top 100 Homebased Franchise” in 2012 by Entrepreneur magazine. With 5 strong profit centers, you’ll grow and manage your organization while the painters you hire do the painting. This is a great home-based opportunity for mid-managers and executives in the booming $100 billion home services industry. Own this exciting, year-round, recession-resistant business with low start-up costs, low overhead and high profit margin potential.

Franchisor Background

Year Established:

  2004

Franchising Since:

  2005

IFA Member



Operating Units:

Franchised Units:75 100%  
Company-Owned Units:0 0%  
 ______ _____  
Total Operating Units:75 100%  
 

Geographic Distribution:

U.S.:75 100% In 26 States
Canada:0 0% In 0 Canadian Provinces
International:0 0% In 0 Foreign Countries
 ______ _____  
Total:75 100%  
 

North America:

States/Provinces with the largest number of operating units:
DensityUnits    
1. Texas8
2. Ohio7

Registered in Following Registration States:

   California, Florida, Illinois, Indiana, Maryland, Michigan, Minnesota, New York, Virginia, Washington, Wisconsin

Financial Requirements

Investment:

Minimum Net Worth:$15.9K
Cash Investment:$28.9K
Total Investment:$44.4-71K
Average Total Investment:$58K
 

Fees:

Initial Franchise Fee:$34.9-40.9K
Average Franchise Fee:$38K
On-Going Royalty:6%
Average Royalty:6%
Advertising Fee:$250/Mo.

Average Number of Employees:

   2 Full-time, 0 Part-time

Space Needs (in square footage):

   N/A

Preferred Sites:

  

Other Sites:

  

Encourage Conversions?

   Yes

Earnings Claims Provided?

   No

Listed in the SBA Registry?

   No

Support and Training

International Franchise Association:Yes
Canadian Franchise Association:No
Franchisee Association/Member:No
Size of Corporate Staff:50
Site Selection Assistance?Not Applicable
Lease Negotiation Assistance?Not Applicable
Financial Assistance?Yes, Direct
 

Marketing Support:

Co-Op Advertising:No
National Advertising:Yes
Regional Advertising:Yes
Local Advertising:Yes
Marketing Materials:Ad Slicks, Brochures, Coupons/rebates, Direct Mailers, Promotional Items, Trade Show Exhibits
Additional Services:Newsletter, Online Extranet
Other Marketing Support:Op. Supp, PR, Customized Website, Boot Camp, Conf. Call, Intranet, In-field support
 

On-Going Support:

Central Data Processing:Not Applicable
Central Purchasing:Not Applicable
Field Operation Evaluation:Included in Fees
Field Training:Not Applicable
Initial Store Opening:Not Applicable
Inventory Control:Not Applicable
Franchisee Newsletter:Included in Fees
Regional or National Meetings:Included in Fees
800 Telephone Hotline:Included in Fees
 

Training:

1. Cincinnati, OH5 Days
 

Franchisee Qualifications

Ranked from 1 (unimportant) to 5 (important):
 
Financial Net Worth:3
General Business Experience:4
Specific Industry Experience:1
Formal Education:2
Psychological Profile:2
Personal Interview(s):4

Minority Representation

Units Owned by Minorities:

African-American:10
Asian-American:2
Hispanic:9
Native American:0
Other:16
Specific Minority:Development Allowances, Government Incentives, Loan Assistance, Managerial Training, Mentoring.

Terms of Contract

Term of Initial Contract:10/10/10 Year(s)
Term of Renewal Period: Year(s)
Passive Ownership:Allowed
Area Development Agreements?Yes, for 1 Year(s)
Sub-Franchising Contracts?No
Franchisees Allowed to Expand Within Territory?Yes

Expansion Plans

Projected New Units Over Next 12 months:

   60
U.S.:Yes, All United States
Canada:Yes, All Canada
Overseas:Yes, All Countries
 
 
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