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Five Star Painting Franchise ProfileHome Based Franchises > Home Repair Services |
How to Open a Five Star Painting Franchise?
To begin your journey as a Five Star Painting franchisee, you will first need to complete a franchise application. Following this, you will engage in a series of interviews and, if selected, participate in training sessions. The franchise requires you to open your business within six months after signing the franchise agreement. Typically, franchisees can commence operations about 45 days after completing training, ensuring you are well-prepared to serve residential and commercial clients effectively.
What Makes a Five Star Painting Franchise a Smart Choice?
Before committing financially, it’s crucial to assess whether a Five Star Painting franchise aligns with your business goals. This includes analyzing local market conditions and your financial readiness for the initial investment, which ranges from approximately $77,449.99 to $184,529.99. The initial franchise fee is $45,000, plus a variable fee based on the territory size. Additionally, ongoing royalty fees of 6% of gross sales are part of the financial commitment, along with other operational expenses.
Why Consider Becoming a Five Star Painting Franchisee?
Five Star Painting offers a robust business model focused on delivering high-quality painting services to both residential and commercial clients. The brand is built on a reputation for excellence, providing franchisees with the tools, training, and ongoing support needed to succeed. If you have a passion for customer service and a desire to build a thriving business, this franchise could be an excellent fit. The potential for growth in the painting industry, combined with the backing of an established brand, makes this opportunity worth considering.
Is Owning a Five Star Painting Franchise Right for You?
With 234 franchises currently operating across the U.S., Five Star Painting presents a competitive yet rewarding opportunity in the painting industry. The franchise prides itself on its operational systems and support network, which are designed to help franchisees succeed. However, it's essential to evaluate your skills, experience, and willingness to adhere to the brand's standards. If you possess a strong entrepreneurial spirit and are ready to navigate the challenges of a service-based business, a Five Star Painting franchise could be a great investment for your future.
Five Star Painting Franchise Financial Requirements
Below, you’ll find an overview of the initial investment needed to launch the business, along with the ongoing fees required by the franchisor to maintain operations over time.
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Five Star Painting Franchise Unit Growth Summary
A breakdown of corporate, franchised, and total units, with yearly net changes shown in the chart and table.
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Units | 2021 | 2022 | 2023 |
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Total Units | 215 | 225 | 230 |
Net Change YoY | 10 | 5 | |
Franchised Units | 215 | 225 | 230 |
Net Change YoY | 10 | 5 | |
Corporate Units | 0 | 0 | 0 |
Net Change YoY | 0 | 0 |
Company Background
Five Star Painting is a nationally recognized painting franchise that specializes in both residential and commercial painting services. With a commitment to delivering high-quality workmanship and exceptional customer service, Five Star Painting has built a strong reputation since its founding in 2004. The franchise operates across North America, providing franchisees with a trusted brand and a comprehensive support system to help them thrive in the competitive home improvement market.
Franchise Opportunity
Joining the Five Star Painting franchise offers an exciting opportunity for entrepreneurs looking to enter the home services industry. With a low initial investment and a proven business model, franchisees can tap into a growing market for painting services. Five Star Painting provides extensive training, marketing support, and operational guidance, ensuring franchisees are well-equipped to succeed. The brand’s established presence and customer loyalty present a compelling case for potential franchise owners.
Corporate Structure
Five Star Painting, LLC was established as a limited liability company in 2004. The franchise operates under the umbrella of the parent company, Neighborly, which is a leading provider of home service franchises. Neighborly’s corporate structure allows Five Star Painting franchisees to benefit from shared resources, robust marketing strategies, and a network of other service-oriented franchises. The corporate office is located in Waco, Texas, where it provides ongoing support and guidance to franchise owners.
Royalties
Five Star Painting franchisees are required to pay a royalty fee of 6% of their gross sales. In addition, franchisees contribute 2% of their gross sales towards a national advertising fund, which helps promote the brand and drive customer awareness across various markets. This royalty structure is designed to support franchisees while ensuring the continued growth and visibility of the Five Star Painting brand.
Company Mission
The mission of Five Star Painting is to provide exceptional painting services that enhance the beauty and value of homes and businesses. The brand is dedicated to delivering a customer-centric experience characterized by quality, reliability, and professionalism. Five Star Painting aims to foster long-term relationships with clients, ensuring their satisfaction through meticulous attention to detail and a commitment to excellence in every project.
Brand Story
Five Star Painting was founded with the vision of transforming the painting industry by focusing on customer service and quality. The brand quickly gained traction due to its commitment to delivering five-star results, regardless of the project size. Over the years, Five Star Painting has expanded its footprint across North America, blending innovative practices with traditional painting methods. Today, the franchise symbolizes trust and quality in the home improvement sector, making it a preferred choice for homeowners and businesses alike.
Frequently Asked Questions
The total investment to begin operating a Five Star Painting franchise ranges from approximately $77,449.99 to $184,529.99, which includes the initial franchise fee and other startup costs.