TL;DR
Five Star Painting is a commercial and residential painting franchise that offers various services and has 230 locations across the U.S. The brand was founded by Scott Abbott and Chad Jones and was acquired by Neighborly in 2015.
Five Star Painting is a commercial and residential painting franchise that offers interior and exterior painting services, along with home services such as wallpaper, carpentry, deck and fence, and pressure washing services.
Five Star Painting was founded by Scott Abbott and Chad Jones, a pair of friends trying to pay their way through college by offering painting services. In doing so, they realized they were onto something. In 2007, Five Star Painting started to offer franchise opportunities around the U.S. By 2015, the brand was acquired by Neighborly.
Currently, the brand has 230 locations across the U.S., all of which are franchised.
Five Star Painting provides both residential and commercial painting services. The brand offers interior and exterior painting to residential properties, as well as cabinet painting, wallpaper installation, wallpaper removal, popcorn ceiling removal, garage floor finishing, decks and fences painting, pressure washing, carpentry services, and brick painting and treatment.
Five Star Painting’s commercial services are offered to medical facilities, hospitality businesses, industrial properties, education centers, religious institutions, fitness centers and offices.
The brand offers franchisees low overhead costs as no initial office space is required.
The average gross sales per job in 2022, according to the brand’s 2023 Franchise Disclosure Document (FDD) was between $3,158 and $6,166. The average gross sales per job are further broken down by quartile below:
First quartile: $6,166
Second quartile: $4,680
Third quartile: $3869
Fourth quartile: $3,158
This data was collected from 218 franchised locations throughout 2022.
The total initial investment necessary ranges from $77,765 to $184,854. This includes a franchise fee of $45,000.
Franchisees are also required to have a minimum liquid capital of $50,000.
The franchise fee is $45,000 and must be paid directly to the franchisor. Eligible veterans receive a 20% discount.
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This story was originally published in 1851 Franchise on February 4, 2024. Burnaze summarizes and links to the original reporting.
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