Color World Painting provides residential and commercial painting, deck and fence staining, power washing, carpentry, drywall repair, gutter installation, and holiday lighting services. The franchise offers comprehensive exterior and interior maintenance solutions.
Key Insights
- Founded on principles of quality and customer service, Color World Painting has grown from its initial vision into a recognized presence in the home improvement sector, establishing a solid foundation of operational experience and client relationships over its existence.
- The franchise operates on a model that prioritizes efficiency and customer satisfaction, managing projects from initial consultation through completion. The business provides comprehensive painting solutions for residential and commercial properties, focusing on delivering consistent results through standardized processes.
- Operating within the dynamic home services industry, Color World Painting addresses a continuous demand for property maintenance and enhancement. The market for professional painting services remains robust, driven by homeowner needs for aesthetic updates and property upkeep.
Franchise Fee and Costs to Open
Exploring the financial picture of Color World Painting gives insight into both the upfront commitment and the potential revenue opportunity. According to FDD Item 7, opening this franchise typically involves an investment in the range of $106,900 - $168,000, along with a franchise fee of $49,500 - $49,500.
Financial Performance and Revenue
Yearly gross sales of $149,901 and estimated earnings of $17,989 - $22,486 show the potential financial performance of this franchise. These figures are crucial for prospective franchisees as they help to project revenue and profitability. They offer insight into the business's ability to generate income and can be used to compare its performance against other investment opportunities. The Franchise Payback Period of 7.3-9.3 provides an estimation of the time it might take for an owner to recover their initial investment. This metric is a key consideration for anyone evaluating the financial viability of a franchise, as it relates directly to the speed at which the business can become profitable. A shorter payback period can indicate a faster return on capital, which is a significant factor in making an informed decision about a franchise investment.
Training and Resources
Color World Painting provides comprehensive initial training. This program, lasting two weeks, takes place at their corporate headquarters. Color World Painting offers resources covering sales, marketing, and operational best practices. They also provide ongoing support.
Legal Considerations
Legal considerations for a Color World Painting franchisee are defined by the Franchise Disclosure Document (FDD) and the Franchise Agreement. This franchise does not disclose lawsuits or bankruptcy information in its FDD, but prospective franchisees should still review all terms thoroughly. Consultation with a qualified attorney is essential before making commitments.
Challenges and Risks
Franchisees may encounter the challenge of differentiating their service in a landscape with established local competitors. Managing a diverse team and ensuring consistent quality across all projects presents operational complexity. Furthermore, reliance on timely delivery of specific materials from supply chains could impact project timelines and customer satisfaction. Understanding these elements is key to navigating the business environment.
Franchise Datasheet
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