LIME Painting Franchise Analysis
LIME Painting is analyzed based on our most recent FDD research!
Franchise Opportunity Data
LIME Painting utilizes distinctive selling system to offer and sell painting and substrate services to designated residential and commercial customers.
What are the requirements to buy a LIME Painting franchise?
LIME Painting has an initial franchise fee of up to $60,000, with a total upfront investment range from $124,700 to $162,375.
- Initial Franchise Fee: $60,000
- Total Investment: $124,700 to $162,375
- Working Capital: $12,250 to $35,000
- Royalty Fee: 7.0%
The upfront investment of any franchise includes many fees. Check out this franchise opportunity to better understand the initial costs required to purchase a LIME Painting, such as territory fees, construction and costs, pre-opening marketing, and equipment purchases. As a reminder, franchise companies must to provide you with details about all initial fees. These fees include those that are actually paid when signing the franchise agreement and commitments to fees you are required to pay.
Can you Afford an LIME Painting Franchise. Complete our Affordability Calculator to find out!
How much can I earn by owning a LIME Painting franchise?
As with any new franchise, there should be a solid ROI and profit potential. The specific franchisee's income and the profits from a LIME Painting franchise opportunity will depend on many factors. One way to validate the potential revenues or profits generated from a LIME Painting franchise investment is to analzye the franchisor's Item 19 within their FDD. This is called a financial performance representation. This is an option for franchisors within their disclosure and approximately 68% of all franchise companies that we research and study will disclose financial performance data within Item 19 of their FDD. Some franchise companies may disclose limited information such as average gross revenues. This type of information is not always helpful to assess profitability for you directly. So review systemwide sales data with caution. As expected, typically earnings and owner's salary are correspond to the overall size of the initial investment. The larger the initial investment, the higher return you should expect to see. Another factor to owner's salary potential is based on the number of locations you own. If you purchase multiple locations (typically referred to as Area Development Agreements), you can anticipate that as you scale each additional unit, you will generate more revenue and profits overall. Demand for your products, your labor costs in your state, commercial lease rates and several other variables are important factors in determining your profit margin and your take-home income. Your financial success are dependent on the overall franchisor's success. Your profits and owner's salary is not just reliant on how well your own location performs, you should assess how well the entire franchise system is operating. Determine how the franchise company earns income and review their financial returns.
For more details and franchise specific on the profits of a LIME Painting franchise, unlock this franchise opportunity
How many franchise outlets does LIME Painting franchise own?
As of the 2020 Franchise Disclosure Document, there are 1 franchised LIME Painting locations in the United States.
Did you know there are over 3,000 franchise opportunities across the United States. More than 80% have less than 10 locations.
Are there any LIME Painting franchise opportunities near me?
Based on 2020 FDD research, LIME Painting has franchised locations in 1 states. There could be zero outlets in several states as each franchise maps out their growth strategy differently.
Based on our research LIME Painting is growing into new cities and could be available in your city. While planning your franchise purchase, you always need to be considering where is a good location for my franchise. Anlayze the potential customer base to assess that the area you are looking at has a need or a market for this franchise.
One of our franchise experts will have detailed knowledge about this franchise. Sign up to learn more and speak with our experts.
Last Reviewed: 2020
Sector: Commercial and Residential Services
Category: Painting
LIME Painting Franchise DATA
10 Years
10 Years
0
1
7.0%
3.0%
EXTRA INFORMATION
Do they provide any initial training and opening assistance?
Yes, they have an initial training program of 49 hours. This includes 49 hours of classroom training, 0 hours of on-the-job training, and 0 hours of online training. In their FDD they outline who's in charge of the training. Unlock to find out more.
| Online | 0 |
|---|---|
| On-the-Job | 0 |
| Classroom | 49 |
| Total | 49 |
Do they offer Territory Protections?
LIME Painting offers territory protections. For an explanation of territory rights, unlock this franchise opportunity for important details.
Do they have computer and technology support in place?
No, LIME Painting does NOT offer comprehensive support for franchisees.
When did they begin franchising?
They began franchising in 2018. The average Painting franchise began franchising in 2010.
Do they offer financing support?
No, but you can click here to fill out our affordability calculator and understand your financing options.
Unlock this franchise for instant access to our research findings, including:
- Growth projections
- Turnover projections
- Financial transparency
- Initial and renewal terms
- Royalties and advertising fees
- Key Franchise FAQs
- Our grade and free access to consult with a franchising expert
- What are the historical franchise owner profits?
- Does this franchise provide Veteran or First Responder discounts?
- Does this franchise use public figures to promote their franchise?
- Does this franchise disclose any bankruptcies?
- Is this franchise affiliated with any other franchise opportunities or private equity investment groups?
- How many new locations have they sold over the last 5 years?
- How many franchised locations have closed over the last 5 years?
- How many new outlets have they sold in the last 5 years?
- How many franchised locations have terminated over the last 5 years?
- Does this franchise operate any company or affiliate owned locations?
- How long is their initial and renewal term lengths?
- Does this franchise have any lawsuits?
- How long have they been franchising?
- Are they actively selling franchises across the United States?
- How often are royalties and advertising fees paid to the franchisor?
- What are the territory protections the franchisor provides you?
- What is the role of technology in the operation of the franchise?
- Why has new franchisee growth been so low?
- What is the net worth and liquid capital required to be approved as a franchise owner in this brand?
- Are you required to work as an owner-operator or is this a passive franchise opportunity?
- Will they refund any upfront fees under certain circumstances?