Owning a neighborhood painting franchise is more affordable than you may think
Making the decision to go into business for yourself doesn’t have to break the bank. Richard’s Painting franchise is not only one of the most affordable concepts in the painting category, but also one of the lowest costs in the home services and home remodeling categories.
The reason for our affordability is because our founder Richard Gould built this business from the ground up and knows exactly what it takes to grow a painting – and it’s a lot less than you may realize.
The total costs to invest in a Richard’s Painting franchise ranges from $58,450 to $105,450. These costs reflect everything you need to get started, including a vehicle, inventory, and working capital – and there are many ways to finance your business to make it even more affordable.
“I don’t know a business that’s cheaper to get involved in then Richard’s Painting franchise,” says Richard Gould, CEO & Founder. “The reason I say that is because it doesn’t take a lot of money, equipment, or people to get started. You can get started with one person and grow from there. To me, it’s the lowest cost with the biggest potential return – and that’s the only thing I know.”
What do I get for my franchise fee?
The franchise fee with Richard’s Painting is $30,000. This gives you access to personal training and ongoing coaching from the founder of the brand. This is a rare advantage unique in the industry. The majority of franchise brands offer impersonal support and treat their franchise owners like numbers; Richard’s Painting treats our franchise owners like the leaders they are and work with them to help grow their businesses.
What are my financing options?
While we don’t offer financing directly, we do have relationships with third-party lenders who can help you secure the funds necessary to open your business. With the costs of ownership being so low, the amount of financing needed is affordable and banks are far more likely to finance a business that is backed by a brand with 20+ years of success. To start a conversation about financing options, simply fill out an inquiry form on this website and we will get back to you shortly.
Want a deeper dive into the costs & fees?
For a more detailed overview of the costs & fees associated with owning a Richard’s Painting franchise, please review Item 7 from our most recent franchise disclosure document below:
|Type of Expenditure||Amount||Method of payment||When due||To whom payment is to be made|
|Initial Franchise Fee||$30,000 - $30,000||Check of wire transfer||Upon signing the franchise agreement||Us|
|Rent, Utilities, and Leasehold Improvements||$0 - $0||Not applicable||Not applicable||Not applicable|
|Market Introduction Program||$2,500 - $5,000||Check, debit and/or credit||As incurred or when billed||Vendors and suppliers|
|Furniture, Fixtures and Equipment||$500 - $1,000||Check, debit and/or credit||As incurred||Vendors and suppliers|
|Computer Systems||$2,000 - $3,000||Check, debit and/or credit||As incurred||Vendors and suppliers|
|Insurance||$300 - $1,500||Check||Upon ordering||Insurance company|
|Vehicle||$500 - $20,000||Check||Upon purchase||Vendor|
|Signage||$400 - $700||Check, debit and/or credit||Upon ordering||Vendor|
|Office Expenses||$500 - $1,000||Check, debit and/or credit||As incurred||Vendors|
|Inventory||$500 - $1,000||Check, debit and/or credit||Upon ordering||Vendors|
|Licenses and Permits||$250 - $500||Check||Upon application||Government|
|Due and Subscriptions||$500 - $750||Check, debit and/or credit||As incurred||Vendors, trade organizations|
|Professional Fees (lawyer, accountant, etc)||$1,000 - $2,500||Check, debit and/or credit||As incurred or when billed||Professional service firms|
|Travel, lodging and meals for initial training||$2,000 -$6,000||Check, debit and/or credit||As incurred||Airlines, hotels and restaurants|
|Additional funds (for first 3 months)||$15,000 - $25,000||Varies||Varies||Employees, suppliers|
|Total||$58,450 - $105,450|
Ready to franchise with Richard’s Painting?
To learn more about the Richard’s Painting franchise opportunity, simply fill out a form and begin a conversation. We can’t wait to learn more about you!