1-800-STRIPER Franchise FDD, Profits, Costs & Fees (2024)
1-800-STRIPER is a professional line striping and pavement maintenance company that specializes in enhancing the appearance and safety of parking lots, roadways, and various surface spaces. Founded in 1999 by Luke Menear, the company began its operations in Rochester, New York, where it is still headquartered today.
The company began offering franchise opportunities to expand its proven business model across the United States. 1-800-STRIPER provides services such as parking lot restriping, new layout designs, ADA compliance upgrades, and custom stenciling for various facilities, including warehouses and sports courts.
What sets 1-800-STRIPER apart from competitors is its commitment to quick service, affordable pricing, and delivering a fresh look to clients’ properties. The company prides itself on completing projects in less than seven days without disrupting business operations.
With over 20 years in business, more than one million lines painted, and thousands of parking lots serviced, 1-800-STRIPER has established a strong presence in the industry.
Find the best franchises of 2024
Compare fees, costs, profits and more across 2,000 franchises.
Initial Investment
How much does it cost to start a 1-800-STRIPER franchise? It costs on average between $210,000 – $331,000 to start a 1-800-STRIPER franchised center.
This includes costs for equipment, materials, initial inventory, and startup operating expenses. The total investment depends on factors like the territory size, local market conditions, and whether the franchisee chooses to lease or purchase equipment and storage facilities.
| Type of Expenditure | Amount |
|---|---|
| Initial Franchise Fee | $49,500 |
| Vehicle | $8,206 to $98,616 |
| Initial Training Fee | $7,500 |
| Travel and Living Expenses While Training | $2,050 to $3,300 |
| Equipment and Tool Package | $89,802 to $99,150 |
| Office Supplies and Software | $1,773 to $4,406 |
| Product Supplies/Inventory (3 months) | $7,551 to $7,981 |
| Signage and Vehicle Graphics | $4,000 to $5,500 |
| Rent and Utility Deposits | $0 to $6,900 |
| Insurance – 3 Months | $2,100 to $3,230 |
| Professional Fees | $2,810 to $5,000 |
| Initial Launch Marketing | $15,000 |
| Additional Funds (3 Months) | $20,000 to $25,000 |
| TOTAL | $210,292 – $331,083 |
Average Revenue (AUV)
How much revenue can you make with a 1-800-STRIPER franchise? A 1-800-STRIPER franchised business makes on average $1,189,000 in revenue (AUV) per year. It’s important to note that these figures are averages, and individual franchise performance can differ.
Here is the extract from the Franchise Disclosure Document:
This compares to $292,000 yearly revenue for similar other business franchises. Here are a few franchises similar to 1-800-STRIPER in comparison:
Find the best franchises of 2024
Compare fees, costs, profits and more across 2,000 franchises.
1-800-STRIPER Franchise Disclosure Document
Frequently Asked Questions
How many 1-800-STRIPER locations are there?
As of the latest available data, 1-800-STRIPER operates a 12 locations across the United States, providing professional line striping and pavement maintenance services.
What is the total investment required to open a 1-800-STRIPER franchise?
The total investment required to open a 1-800-STRIPER franchise ranges from $210,000 to $331,000.
What are the ongoing fees for a 1-800-STRIPER franchise?
Operating a 1-800-STRIPER franchise requires paying a 7% royalty fee on gross revenue monthly. Franchisees also contribute 2% of gross revenue to the System Marketing Fund and must spend the greater of $500 or 3% of gross revenue monthly on local marketing. These fees support brand growth, marketing efforts, and franchisee resources.
What are the financial requirements to become a 1-800-STRIPER franchisee?
To qualify as a 1-800-STRIPER franchisee, you need a minimum net worth of $250,000 and liquid capital of at least $75,000. These financial thresholds ensure that prospective franchisees possess the necessary resources to support the initial investment and sustain operations during the business’s early stages.
How much can a 1-800-STRIPER franchise owner expect to earn?
The average gross sales for a 1-800-STRIPER franchise are approximately $1.19 million per location. Assuming a 15% operating profit margin, $1.19 million yearly revenue can result in $179,000 EBITDA annually.
Who owns 1-800-STRIPER?
1-800-STRIPER is owned by Luke Menear, who founded the company in 1999. His leadership and expertise in pavement maintenance have been instrumental in the growth of the brand. Heather Menear, his wife, serves as Vice President, playing a significant role in the company’s operations and development.
Disclaimer
Disclaimer: This content has been made for informational and educational purposes only. We do not make any representation or warranties with respect to the accuracy, applicability, fitness, or completeness of the information presented in the article. You should not construe any such information or other material as legal, tax, investment, financial, or other professional advice. Nothing contained in this article constitutes a solicitation, recommendation, endorsement, advertisement, or offer to buy or sell any franchises, securities, or other financial instruments in this or in any other jurisdiction in which such solicitation or offer would be unlawful under the franchise and/or securities laws of such jurisdiction.
All content in this article is information of a general nature and does not address the detailed circumstances of any particular individual or entity. Nothing in the article constitutes professional and/or financial and/or legal advice, nor does any information in the article constitute a comprehensive or complete statement of the matters discussed or the law relating thereto. You alone assume the sole responsibility of evaluating the merits and risks associated with the use of any information or other content in this article before making any decisions based on such information or other content.
