Five Star Painting is a franchising company offering residential and commercial building painting services. Whether you already have an independent home painting business or you’re completely new to the service, investing in a Five Star Painting franchise will allow you to leverage your management and customer service skills and grow revenue all with the backing of a trusted brand.
Five Star Painting began, as so many successful companies do, as the dream of a group of friends who wanted to take control of their financial futures. The company was initially founded in 2002, and it quickly made the transition to a franchise-based model in 2005.
Home painting franchises are typically attractive for potential owners because of the relatively low barriers to entry required. The list of necessary supplies is limited, and you don’t need to maintain an expensive storefront in order to compete in the market. Additionally, the residential and commercial painting market offers excellent opportunities for steady revenue. Natural elements and aesthetic evolutions are always driving home and business owners to repaint, and customers are likely to be loyal to a company that delivers on the promise of outstanding service.
The average investment range for a Five Star Painting franchise is very reasonable. Most owners will be expected to invest anywhere from $61,600 to $136,150, depending upon the territory in question, the amount of any existing business you have established, start-up costs, and other factors. Potential franchisees will be required to have anywhere from $25,450 to $55,125 available as liquid assets, but there is no net worth requirement beyond this figure.
Typical Start-up Costs and Franchise Fees
There are several fees that will be assessed as a franchise owner of Five Star Painting, including:
- Initial Franchise Fee: $40,000
- Ongoing Royalty Fee: Between 5% and 7%
- Ad Royalty Fee: 2%
Additional startup costs will be evaluated on a case-by-case basis, and your Franchise Developer will work with you to determine the estimated amount of your startup costs. If you are a military veteran, be sure to ask you Franchise Developer about qualifying for the 15% discount off the initial franchise fee offered through the VetFran program.
Upon investing in a Five Star Painting Franchise, you have access to a trusted brand presence that will allow you to forge a relationship with your clients, innovative management and logistical systems that will help you operate your business with efficiency, and wholesale distribution of high-quality equipment and parts. You’ll also go through a fully-developed training program so that you will be ready to hit the ground running and begin your operations quickly.
Facts and Figures
There are many compelling reasons to open a Five Star Painting franchise that go beyond the affordable costs and brand attractiveness. The home and commercial painting service is a booming industry that has a lot to offer potential franchise owners. Some reasons why you should consider entering the industry as a Five Start Painting franchise owner include:
- Entry into a $48 billion per year industry
- Joining a network of over 150 Five Star Painting franchises worldwide
- Five Star Painting has achieved 8% annual growth in the previous five years
- Entrepreneur ranked Five Star Painting as a top 500 franchise for 2017
If you’re considering a franchise investment or just have questions, feel free to contact one of our franchise specialists to learn more about the process and all the different franchise opportunities by completing our request form or calling 1-877-650-5551.