Groovy Hues Franchise FDD, Profits, Costs & Fees (2024)
Groovy Hues Peace Love Paint Powerwash is a franchise offering painting and power washing services for homes and businesses. Founded in 2022 in Omaha, Nebraska, it began franchising the same year. The brand has quickly expanded across the U.S., with 16 franchise locations as of now.
The franchise provides services like interior and exterior painting, power washing, and gutter and shutter replacement. It positions itself as a one-stop property enhancement solution. Groovy Hues stands out by using advanced technology to improve customer experience and efficiency.
The franchise uses 3D rendering software for accurate measurements and design previews. A color visualizer tool lets clients see results before starting. A robust CRM system ensures smooth communication between clients, painters, and franchise owners, promoting transparency and satisfaction.
Groovy Hues continues to expand nationwide, offering franchising opportunities. It looks for franchisees with strong leadership and people skills, emphasizing community involvement and operational excellence.
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Initial Investment
How much does it cost to start a Groovy Hues franchise? It costs on average between $167,000 – $206,000 to start a Groovy Hues franchised facility.
This includes costs for equipment, supplies, marketing materials, and initial operating expenses. The exact amount depends on various factors, including the size and scope of the service area, the location, and whether the franchisee chooses to lease or purchase office or storage space.
| Type of Expenditure | Amount |
|---|---|
| Initial Fee | $59,500 |
| Insurance | $3,000 – $7,500 |
| Tuition Fee | $4,995 |
| Travel and Living Expenses while Training | $1,500 – $3,500 |
| Opening Package | $6,000 – $12,000 |
| Vehicles | $25,018 – $29,790 |
| Licenses Certificates and Permits | $0 – $5,000 |
| Professional Fees | $0 – $5,000 |
| Technology Fee | $2,375 |
| Call Center Fee | $1,125 – $3,225 |
| Dues and Subscriptions | $399 |
| Brand Marketing Fee | $15,000 |
| Initial Marketing Expenditure and Local Advertising | $20,000 |
| Digital Management Fee | $3,000 |
| Accounting Services Fee | $2,109 |
| ZeePartnerships Fee | $3,000 |
| Additional Funds | $20,000 – $30,000 |
| TOTAL | $167,021 – $206,393 |
Average Revenue (AUV)
How much revenue can you make with a Groovy Hues franchise? A Groovy Hues franchised business makes on average $154,000 in revenue (AUV) per year.
Here is the extract from the Franchise Disclosure Document:
This compares to $486,000 yearly revenue for similar painting franchises.
Below are 10 Groovy Hues competitors as a comparison:
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Groovy Hues Franchise Disclosure Document
Frequently Asked Questions
How many Groovy Hues locations are there?
As of the latest data, Groovy Hues operates 12 locations across the United States, all of which are franchise-owned. The company does not maintain any corporate-owned locations. This franchise model enables local entrepreneurs to manage and operate their own Groovy Hues businesses, contributing to the brand’s expansion and presence in various regions.
What is the total investment required to open a Groovy Hues franchise?
The total investment required to open a Groovy Hues franchise ranges from $167,000 to $206,000.
What are the ongoing fees for a Groovy Hues franchise?
Groovy Hues franchisees pay an 8.5% royalty fee on gross revenues. They also contribute a $15,000 brand marketing fee to support advertising and promotional efforts.
What are the financial requirements to become a Groovy Hues franchisee?
To become a Groovy Hues franchisee, you need a minimum net worth of $500,000 and at least $100,000 in liquid capital. These financial prerequisites ensure you have the necessary resources to establish and operate the franchise effectively.
How much can a Groovy Hues franchise owner expect to earn?
The average gross sales for a Groovy Hues franchise are approximately $0.15 million per location. Assuming a 15% operating profit margin, $0.15 million yearly revenue can result in $23,000 EBITDA annually.
Who owns Groovy Hues?
Groovy Hues is owned by HorsePower Brands, a parent company specializing in service-based franchise systems. Groovy Hues benefits from HorsePower Brands’ expertise in franchise development, operational support, and marketing strategies, enabling franchisees to thrive in their local markets.
Disclaimer
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