General

Industry

Home and Building Services

Category

Painting

SBA Identifier

Year of Founding

1971

Fees

Marketing Fee

4%

Royalty Fee

5% to 20%

Franchise Fee

$0-$0

Investment Range

$3K-$14K

Location units

Total U.S. Locations

120

U.S. Franchised Units

120

U.S. Corporate Units

0

Headquarters (City)

Hingham

Other

Item 19 - Franchise Financials

Yes

Financing Availability

-

Started Offering Franchises

1979

Issuance of FDD Data

03/22/2019

What to know about College Pro franchise?

College Pro Painters (U.S.) Ltd. offers exterior residential painting franchises.College Pro offers you through this disclosure document the right to sell painting services using our trademarks COLLEGE PRO and COLLEGE PRO PAINTERS and our operating system, on an exclusivebasis, within a defined geographic area, for residential and light commercial clients. We will provide you with operating information, train you and your employees in residential painting techniques, assist you in marketing and provide you with administrative support. We usually sell our franchises to college students and college-aged individuals. Our franchises are intended to benefit your career and academic goals.

College Pro is based in Hingham, MA. Scroll down to learn more!

How much does a College Pro franchise cost?

Are you wondering how much is a College Pro franchise? Before starting a College Pro franchise, it is important to know the franchise fee, working capital and other costs required to start the business.

The minimum investment amount required to open a College Pro franchise is $2,925 and can go all the way up to $14,010. Keep in mind, you should also allocate additional funds to live off of while the College Pro business ramps up. This can take as little as 6 months to over 2 years depending on the franchise opportunity. You should speak to at least 5 College Pro franchisees to understand the true cost of opening the franchise and how long it takes to: 1) start a College Pro business 2) pass break even 3) hit significant income.

After (and if) you pass the point of earning significant income from your College Pro franchise, there may be enough margin to hire a day-to-day manager and work less hours in the business.

Franchise Net Unit Growth

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Franchise Data

Year Start of Year Units Opened Units Closed End of Year
2016 314 314 98 216
2017 273 273 64 209
2018 151 151 31 120

Additional Details

How much does a College Pro franchise owner make?

College Pro franchise earnings and revenue can vary significantly from one franchisee to another.
The College Pro franchise owner profits can be influenced by labor costs, lease rates, hours worked as well as other factors.

College Pro discloses financials at the unit level. In other words, they show how much College Pro franchisees made in the past. Through analyzing this information available in the metrics tab, it can serve as a good basis to further explore the opportunity or not.

At Vetted Biz, we advise you to speak with 5 to 10 franchisees to understand how much money they are making from the College Pro franchise. Roughly 60% of franchises disclose financials and it makes the process easier when filtering potential franchise opportunities like College Pro. Don’t just speak to existing franchisees, call franchisees who have recently left the system and try to find out how much those College Pro owners were making.

Visit the College Pro metrics tab to explore the financials for this business.

What is the College Pro franchise fee?

Owning a College Pro franchise requires 5% to 20% royalty fee and 4% marketing fee. These two expenses represent the main ongoing costs you can expect to pay the franchisor throughout the franchise relationship. There may be other ongoing fees disclosed in the College Pro Franchise Disclosure Document

Keep in mind, there is also an initial College Pro franchise fee of $0 that is included in the initial investment amount of $2,925 to $14,010. Depending on the franchise agreement you sign, you might have to pay the full franchise fee again if you decide to extend the College Pro franchise relationship. Consult with a licensed franchise attorney to understand exactly what you receive for paying the College Pro franchise fee of $0.

Visit the College Pro metrics tab to explore the financials for this business, royalty and marketing fees compare to other Home and Building Services franchises. You can also compare these fees for 2,000+ franchises currently offered in the U.S.

When was College Pro founded?

College Pro started offering franchises in 1979. College Pro was founded 51 years ago in 1971.

At Vetted Biz, we recommend franchises have 3-5 corporate locations and 5+ years of experience before offering a franchise. There needs to be proof that the business model works and is replicable before offering the franchise to other!

How many College Pro locations are in the U.S.?

As of 2019, there were 120 locations across the U.S. There are also 0 corporate locations. Most Home and Building Services franchises like College Pro have more franchised locations than corporate locations.

How many College Pro franchises opened over the past few years?

Over the prior 3 years we have data for, College Pro has opened 738 outlets throughout the U.S. Visit the College Pro metrics tab to explore how the openings compare to other Home and Building Services franchises.

How many College Pro franchises closed over the past few years?

Over the prior 3 years we have data for, College Pro has closed 193 outlets throughout the U.S

Visit the College Pro metrics tab to explore how the openings compare to other Home and Building Services franchises.

Is College Pro growing? Are they opening more locations than they are closing?

The net unit growth rate for College Pro over the past 3 years is -62%. Over the last year we have data for, College Pro had a net unit growth rate of -21%.

Without a comparison, this number doesn’t mean much. Compare how the College Pro growth rate compares to 2,000+ other franchises and Industry franchises like College Pro. More info in the College Pro metrics tab.

Is College Pro franchise eligible for an SBA Loan?

College Pro is not eligible for SBA loans including the 7(a) loan last time we checked.

College Pro franchise does not have a SBA Franchise ID and was not in the SBA Franchise Directory. The SBA Franchise Directory will only include business models like College Pro that are reviewed and found eligible under SBA’s affiliation rules and other eligibility criteria.

To find out more about the SBA loan program for franchising click here.

Is College Pro a franchise in the United States?

According to the SBA, College Pro does not meet the Federal Trade Commission (FTC) definition of a franchise.

Many popular brands like Starbucks and Topgolf are not franchises in the U.S. but franchise outside of the United States. Be sure the franchisor provides you with an updated Franchise Disclosure Document as this is one of the key indicators that the business opportunity is truly a franchise in the U.S.

The FTC Franchise Rule requires franchisors to provide all potential franchisees with a disclosure document (FDD) containing 23 items of about the franchise, its officers, and other franchisees. Be sure that College Pro provides you with an FDD if you are in discussion to buy a College Pro

What is the College Pro Franchise for Sale Rate?

The College Pro systemwide health and franchisee satisfaction can be measured by the College Profranchise for sale rate. The franchise for sale rate is calculated by the percentage of units transferred to new franchisees and reacquired by franchisor.

College Pro franchise for sale rate over the past 3 years is 0%. Over the last year we have data for, College Pro had a franchise for sale rate of 0%.

Without a comparison, this number doesn’t mean much. Compare how the College Pro franchise for sale rate compares to 2,000+ other franchises and Industry franchises like College Pro. More info in the College Pro metrics tab.

What is the College Pro Franchise Failure Rate?

College Pro franchise failures comprise franchise terminations, franchise non-renewals, and franchises that ceased operations for other reasons. The failure rate is one of the most important franchise metrics to consider when investing in a franchise!

College Pro failure rate over the past 3 years is 161%. Over the last year we have data for, College Pro had a franchise failure rate of 26%.

Without a comparison, this number doesn’t mean much. Compare how the College Pro franchise for sale rate compares to 2,000+ other franchises and Industry franchises like College Pro. More info in the College Pro metrics tab.

How can I find out more details on College Pro franchise?

Visit the College Pro metrics tab to explore franchise profitability, industry comparables and more. Become a Vetted Member today today for exclusive access on this franchise opportunity!

Investment Midpoint

The average of the low and high range of the investment amounts calculated from the most recently available Franchise Disclosure Document

College Pro

$8,468

Industry median

All franchises median

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Royalty Fee

The median royalty fee from the Franchise Disclosure Document

College Pro

5% to 20%

Industry median

All franchises median

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Franchise Fee Midpoint

Payment that the franchisee must pay to the franchise owner in order to start a franchise.

College Pro

$0

Industry median

All franchises median

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Item 19 – Financial Performance Representations

Historical financial performance representations

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Franchise Financials

Franchisor company financial information and financial performance representations, if disclosed by the franchisor.

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General

Industry

Home and Building Services

Category

Painting

SBA Identifier

Year of Founding

1971

Fees

Marketing Fee

4%

Royalty Fee

5% to 20%

Franchise Fee

$0-$0

Investment Range

$3K-$14K

Location units

Total U.S. Locations

120

U.S. Franchised Units

120

U.S. Corporate Units

0

Headquarters (City)

Hingham

Other

Item 19 - Franchise Financials

Yes

Financing Availability

-

Started Offering Franchises

1979

Issuance of FDD Data

03/22/2019

Detailed Franchise metrics for College Pro

Detailed Franchise Metrics are metrics calculated and reviewed by Vetted Biz. You can find the available metrics for College Pro below. “N/A" or Not Applicable results mean that there is not enough data available to compute a precise rate or that the result is not mathematically computable. When results are not mathematically computable, you should pay attention to the absolute values (#) instead of the percentage rate itself.

Growth Rate

The percentage change of total franchise units from one year to the next by franchisor.

 

1 year

3 years

College Pro

0%

-62%

Industry median

All franchises median

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Franchise for Sale Rate

The percentage of units transferred to new franchisees and reacquired by franchisor.

 

1 year

3 years

College Pro

NA

0%

Industry median

All franchises median

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Net Unit Growth (most recent year)

Net Unit Growth (3 years)

Failure Rate

Franchise failures comprise franchise terminations, franchise non-renewals, and franchises that ceased operations for other reasons.

 

1 year

3 years

College Pro

NA

161%

Industry median

All franchises median

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News
Activity
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Recent
1-5 of 10 items

Business details

Company Name

Business email

**********@******.com

Mailing address

2621 Van Buren Avenue, Suite 550A

State headquarters

Pennsylvania

Owner Name

College Pro

Phone

+1 (000) 0********00

City

Audubon

Zip code

19403
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