In this exclusive Franchise Chatter FDD Talk post, you’ll learn the following:

Section I – Estimated initial investment (franchise costs) for a Painter1 franchise, based on Item 7 of the company’s 2024 FDD

Section II – Initial franchise fee, royalty fee, and marketing fee for a Painter1 franchise, based on Items 5 and 6 of the company’s 2024 FDD

Section III – Number of franchised and company-owned Painter1 outlets at the start of the year and the end of the year for 2021, 2022, and 2023, based on Item 20 of the company’s 2024 FDD

Section IV – News updates on the Painter1 franchise opportunity

Section V – Presentation and analysis of Painter1’s financial performance representations (average revenues and/or profits), based on Item 19 of the company’s 2024 FDD, including information on the:

• 2023 actual, average, median, highest, and lowest gross sales for the 27 Painter1 franchise outlets that operated for the entire 2023 calendar year

• 2023 average, median, highest, and lowest total estimates, total estimates sold, and total closing percentage for the 27 Painter1 franchise outlets that operated for the entire 2023 calendar year

Section VI – Key ratios, comparables, computations, and analyses for the Painter1 franchise opportunity (exclusive content for Platinum subscribers)

Section I – Painter1 Franchise Costs

• Painter1 franchise costs, based on Item 7 of the company’s 2024 FDD:

• Initial Franchise Fee:  $49,500
• Grand Opening Advertising:  $3,000
• Advertising:  $9,000 to $10,000 (over first 3 months)
• Computer Equipment:  $800 to $1,800
• Travel and Living Expenses to Attend Training and Payment/Reimbursement:   $1,000 to $7,500
• Contractor License:  $300 to $500
• Licenses and Bonds:  $0 to $1,500
• Accounting Software:  $360 ($60/month)
• Cell Phone:  $600 to $720 ($100 to $120/month)
• Insurance:  $360 to $1,500 ($60 to $250/month)
• Clothing and Uniforms:  $0 to $250
• Supplies and Equipment Inventory:  $0 to $7,500
• Lease and Utilities Deposits and Payments:  $0 to $1,500
• Franchise Premises Rent:  $0 to $3,000
• Office Set-up:  $0 to $500
• Car Signs/Decals:  $100 to $3,500
• Vehicle:  $0 to $35,000
• Miscellaneous Opening Costs:  $250 to $750
• Additional Funds – 6 Months:  $6,000 to $10,000
• Total Estimated Painter1 Franchise Costs:  $71,270 to $153,380

Section II – Painter1’s Initial Franchise Fee, Royalty Fee, and Marketing Fee

• Painter1’s initial franchise fee, royalty fee, and marketing fee, based on Items 5 and 6 of the company’s 2024 FDD:

• Initial Franchise Fee:  $49,500

• Royalty Fee:  5% of monthly Gross Sales. There is a $500 monthly minimum commencing on the 1st month after you complete the initial training program.

• Brand Development Fee:  2% of monthly Gross Sales. There is a $200 monthly minimum commencing on the 1st month after you complete the initial training program.

• Local Advertising Recommendation:  Painter1 recommends that you spend at least 8% of your annual Gross Sales on your local advertising.

• Regional Advertising Fund Contribution:  up to 2 percent of your Gross Sales according to a vote of the franchisees in the region

Section III – Number of Franchised and Company-Owned Painter1 Outlets

Franchised

2021

• Outlets at the Start of the Year:  25
• Outlets at the End of the Year:  31
• Net Change:  +6

2022

• Outlets at the Start of the Year:  31
• Outlets at the End of the Year:  36
• Net Change:  +5

2023

• Outlets at the Start of the Year:  36
• Outlets at the End of the Year:  38
• Net Change:  +2

Company-Owned

2021

• Outlets at the Start of the Year:  0
• Outlets at the End of the Year:  0
• Net Change:  0

2022

• Outlets at the Start of the Year:  0
• Outlets at the End of the Year:  0
• Net Change:  0

2023

• Outlets at the Start of the Year:  0
• Outlets at the End of the Year:  0
• Net Change:  0

Section IV – News Updates on the Painter1 Franchise

Section V – Financial Performance Representations (Average Revenues and/or Profits) for the Painter1 Franchise (Item 19, 2024 FDD)

• The following tables contain historical financial performance representations for the operational franchised outlets for the January 1 to December 31, 2023 calendar year.

• The data in the following tables comes from the reported historical performance. This data has not been audited and Painter1 has not undertaken to independently verify the accuracy of the information submitted to it by the franchisees.

• There were 27 Painter1 franchised locations in the United States that were open as of January 1, 2023 and that reported sales for the entire reporting period. Three of these franchises operated in a protected territory, the rest operated in open territories without territory protection.

• Painter1 excluded from the tables and their data 10 franchises that opened during the 2023 reporting period and 7 franchises that closed during the 2023 reporting period.

Part 1 – 2023 Annual Gross Sales Data

• The following table shows 2023 Gross Sales for the 27 franchise outlets that operated for the entire 2023 calendar year.

• Boca Raton, FL:  $953,571
• Marietta, GA:  $373,717
• Boise, ID:  $828,086
• Indianapolis, IN:  $454,781
• Mid-Michigan, MI:  $520,829
• New England, NH:  $378,849
• Charlotte, NC:  $56,457
• Fayetteville, NC:  $378,190
• Raleigh, NC:  $860,400
• Cincinnati Metro, OH:  $188,546
• Cincinnati, OH:  $279,152
• Columbus, OH:  $1,029,992
• Portland, OR:  $215,696
• Main Line, PA:  $538,852
• Lowcountry, SC:  $445,153
• Chattanooga, TN:  $482,466
• Knoxville, TN:  $2,440,221
• Memphis, TN:  $471,064
• Austin Metro, TX:  $126,677
• Dallas, TX:  $495,366
• Greater Austin, TX:  $532,052
• Greater Salt Lake City, UT:  $772,555
• Northern Utah, UT:  $236,713
• Salt Lake City, UT:  $595,210
• St. George, UT:  $607,837
• Utah County, UT:  $690,384
• Wasatch Summit, UT:  $175,590

• “Gross Sales” means all income and receipts generated whether based on coating (such as paint, sealers, epoxy, etc.) and cleaning (prep work, power washing, etc.).

• As this table discloses the actual reported Gross Sales for Painter1’s various franchisees, each outlet actually attained its stated number.

• As this financial performance representation only discloses gross sales, and not profits or margins, it does not include information concerning royalty fees, brand development fees, and other fees or payments made by franchisees to Painter1. You will be expected to pay the royalty fees, brand development fees, and other fees as outlined in your Franchise Agreement.

Part 2 – 2023 Average and Median Annual Gross Sales

• The following table shows the average and median annual Gross Sales for the 27 franchise outlets that operated for the entire 2023 calendar year.

• Number of Franchises:  27
• Average:  $560,311
• Attained or Surpassed the Average:  9 or 33%
• Median:  $482,466
• Attained or Surpassed the Median:  14 or 52%
• High:  $2,440,221
• Low:  $56,457

Part 3 – 2023 Total Estimates, Estimates Sold, and Conversion Percentage Data

• The following table shows the number of total estimates, total estimates sold, and the estimates-to-sold closing percentage data for the 27 franchise outlets that operated for the entire 2023 calendar year.

Total Estimates

• Number of Franchises:  27
• Average:  375
• Attained or Surpassed the Average:  9 or 33%
• Median:  262
• Attained or Surpassed the Median:  14 or 52%
• High:  1,769
• Low:  82

Total Estimates Sold

• Number of Franchises:  27
• Average:  136
• Attained or Surpassed the Average:  7 or 26%
• Median:  109
• Attained or Surpassed the Median:  14 or 52%
• High:  448
• Low:  18

Total Closing Percentage

• Number of Franchises:  27
• Average:  38.2%
• Attained or Surpassed the Average:  15 or 56%
• Median:  39.1%
• Attained or Surpassed the Median:  14 or 52%
• High:  58.5%
• Low:  14.9%

• “Total Estimates” means the number of estimates or bids for painting and/or coating jobs that a give franchisee received during the 2023 reporting period.

• “Total Estimates Sold” means the number of Total Estimates that the customer accepted for a given franchisee during the 2023 reporting period.

• The “Closing Percentage” measures the closing rate by dividing Total Estimates Sold by the Total Estimates for a given franchisee during the 2023 reporting period.

• Some outlets have earned this amount. Your individual results may vary. There is no assurance that you will earn as much.

Section VI – Painter1 Franchise Ratios, Comparables, Computations, and Analyses (Exclusive Content for Platinum Subscribers) ⬇️