Five Star Painting Franchise

Five Star Painting Franchise Opportunity

If you're seeking an established franchise in the home services sector, the Five Star Painting franchise is an excellent opportunity. With a foundation set in 2002 and franchising started in 2005, Five Star Painting has expanded its reach to around 250 units, providing trusted painting services to both residential and commercial customers.

Why Choose Five Star Painting?

• Professional Services: As a franchisee, you'll offer professional painting solutions, well-regarded in the market for quality and reliability. This includes both residential and commercial projects.
• Comprehensive Training: You'll benefit from an extensive training program divided into Phase I and Phase II, ensuring that you're well-equipped to run your business effectively. Annual training events and additional mandatory training sessions ensure continuous learning and improvement.
• Location and Territory: Franchisees receive territory rights to operate within a designated area that meets the franchisor’s selection guidelines, ensuring ample market opportunities.

Training and Support

At Five Star Painting, support is a top priority. Franchisees undergo comprehensive training:

• Phase I Training: Lasts between two to six days, conducted either at the franchisor’s selected location or virtually. This phase includes the essential knowledge and strategies to manage your franchise.
• Phase II Training: Typically lasts four to six days at the franchisor’s headquarters in Waco, Texas, or other designated locations. This focuses on advanced business techniques and operational processes.
• Field Training: Involves visiting an existing franchise location to observe office and field procedures, lasting between one to five days. This can also be conducted virtually.

Investment and Financial Details

Potential franchisees should be prepared for varied initial investments based on location and other factors. Here’s a snapshot of the financial requirements:

• Initial Franchise Fee: $45,000 + $230 per 1,000 additional population over the minimum.
• Total Estimated Investment: $77,765 to $184,845 (excluding real estate costs).
• Other Fees: Includes software fees, call center fees, vehicle costs, equipment, insurance, and marketing expenses.

Franchise Territory

Five Star Painting grants a defined and protected territory based on population metrics, generally ranging from 150,000 to 300,000 individuals. Though the franchisee receives no exclusive rights, the franchisor ensures no other franchise will operate within your assigned territory, maintaining your market's integrity.

Franchisee Responsibilities

Franchisees must adhere to certain obligations and restrictions to maintain operational standards:

• Supervision: Direct supervision or a designated owner must handle the operational oversight.
• Service Standards: Franchisees should offer services aligning with the franchisor's specific standards and may only add services with prior approval.

Agreement and Renewal Terms

• Initial Term: 10 years.
• Renewal: One additional 10-year term, contingent upon meeting current agreement standards and requirements.

Financial Assistance

While Five Star Painting may not offer direct financing, they may finance a portion of the initial franchise fee for qualified candidates. They also collaborate with third-party lenders to facilitate financing opportunities, making it easier for potential franchisees to secure the necessary funds.

Key Takeaways

• Established in 2002 with robust operational training and support.
• Comprehensive investment details, ensuring you're financially prepared.
• Protected territory with a population range ensuring market potential.
• Renewable 10-year franchise agreement for sustained business growth.
• Financial assistance options to support qualified franchisees.

Interested in learning more? Download the full Franchise Disclosure Document (FDD) or fill out the information request form on this page. Secure your future with a Five Star Painting franchise today!