That 1 Painter delivers residential and commercial painting and cosmetic repair services. The franchise specializes in high-quality, professional painting under a recognized trademark.
Key Insights
- That 1 Painter was created to bring much-needed innovation and professional standards to an industry that required modernization, focusing on developing scalable systems and processes that ensure consistent quality while adapting to local market conditions and customer preferences.
- Continuous improvement processes incorporate client feedback and industry developments to enhance service offerings and operational effectiveness while maintaining the core values and quality standards that distinguish the business from competitors in the marketplace.
- Market consolidation trends benefit established brands with proven systems and operational expertise, creating opportunities for growth and expansion while rewarding businesses that have demonstrated consistent quality and customer satisfaction over time.
Franchise Fee and Costs to Open
Exploring the financial picture of That 1 Painter 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 $139,750 - $189,000, along with a franchise fee of $59,000 - $59,000.
Financial Performance and Revenue
Yearly gross sales of $555,678 and estimated earnings of $77,795 - $100,023 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 2.3-4.3 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
That 1 Painter provides new franchisees with comprehensive training. Initial training, lasting two weeks, takes place at the franchisor's headquarters. This program offers a deep dive into all aspects of operating a That 1 Painter business. The franchisor also offers ongoing support and resources. They recommend leveraging these tools for success.
Legal Considerations
Legal considerations for a That 1 Painter 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
Navigating the local market requires understanding existing painting businesses and their service offerings. Maintaining consistent quality and efficient project completion involves managing a team and ensuring reliable access to materials. Building a strong customer base often depends on the business's reputation and the effectiveness of marketing efforts within the community.
Franchise Datasheet
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