Lime Painting offers residential and commercial painting and substrate services using a distinctive selling system. The franchise may coordinate with subcontractors to deliver services.
Key Insights
- Lime Painting began with a vision to redefine the painting service experience, focusing on professionalism and quality from its inception. The franchise operates by connecting customers with skilled painting professionals for residential and commercial projects, managing the entire process from consultation to completion.
- The business model centers on delivering a high-standard interior and exterior painting service. It manages client relationships, project scope, and quality control, allowing franchise owners to focus on growth and operational efficiency.
- Operating within the home improvement and renovation sector, the painting industry sees consistent demand driven by property maintenance and aesthetic updates. Lime Painting offers a streamlined approach to accessing these services.
Franchise Fee and Costs to Open
Exploring the financial picture of Lime Painting gives insight into both the upfront commitment and the potential revenue opportunity. According to FDD Item 7, opening this franchise typically involves an investment in the range of $126,700 - $277,075, along with a franchise fee of $60,000 - $60,000.
Financial Performance and Revenue
Yearly gross sales of $857,919 and estimated earnings of $120,109 - $154,426 show the potential financial performance of this franchise. These figures are crucial for prospective franchisees as they help to project revenue and profitability. They offer insight into the business's ability to generate income and can be used to compare its performance against other investment opportunities. The Franchise Payback Period of 2.0-4.0 provides an estimation of the time it might take for an owner to recover their initial investment. This metric is a key consideration for anyone evaluating the financial viability of a franchise, as it relates directly to the speed at which the business can become profitable. A shorter payback period can indicate a faster return on capital, which is a significant factor in making an informed decision about a franchise investment.
Training and Resources
Lime Painting provides comprehensive training and resources for new franchisees. Initial training is two weeks long and conducted at Lime Painting's headquarters. The franchisor offers a detailed operations manual, marketing support, and ongoing guidance. They provide access to proprietary software and a dedicated support team, ensuring franchisees are well-equipped to launch and grow their painting businesses.
Legal Considerations
Legal considerations for a Lime Painting franchisee are defined by the Franchise Disclosure Document (FDD) and the Franchise Agreement. This franchise does not disclose lawsuits or bankruptcy information in its FDD, but prospective franchisees should still review all terms thoroughly. Consultation with a qualified attorney is essential before making commitments.
Challenges and Risks
A franchisee in the home and building services sector, similar to Lime Painting, may encounter considerations regarding established local competition. The operational complexity of managing diverse projects and a skilled workforce presents a significant factor. Furthermore, reliance on specific suppliers for materials and equipment requires careful navigation of availability and pricing.
Franchise Datasheet
FAQs
What is the minimum cash required to open a Lime Painting franchise?
How can I estimate the profitability and return on investment (ROI) of a Lime Painting franchise?
What is the franchisee fee for a Lime Painting franchise?
How to open a Lime Painting franchise?
How many locations does Lime Painting have?
Get insider access to franchise insights
Subscribe to receive expert tips, franchise rankings, and exclusive data straight to your inbox, trusted by thousands of aspiring business owners and investors.
Franchise resources & insights
Explore expert guides, data-driven articles, and tools to help you make smarter franchise decisions, whether you're just starting out or ready to invest.
