That 1 Painter Franchise FDD, Profits, Costs & Fees (2024)
That 1 Painter, founded in 2011 by Steven Montgomery, began in Austin, Texas, and has grown into one of the fastest-growing painting franchises in the nation.
The company offers a wide range of residential and commercial painting services, including interior and exterior painting, brick painting, cabinet painting, and various repair and maintenance tasks such as drywall repair, carpentry, and stucco repair.
Their reputation is built on high-quality workmanship, attention to detail, and a commitment to customer satisfaction. In 2022, the company launched ResiBrands as its parent company, marking a new phase of rapid expansion.
Today, That 1 Painter has over 450 locations across the United States, actively franchising and providing support to new franchisees nationwide. A key differentiator for the brand is its “Paint It Forward” program, which donates painting services to families and businesses in need, showcasing the company’s commitment to community involvement.
The franchise is known for its value-based pricing and a three-year warranty on all jobs, ensuring peace of mind for clients. With ongoing nationwide expansion, That 1 Painter remains dedicated to providing top-quality painting services while maintaining a strong local presence in each community they serve.
That 1 Painter Franchise Stats
That 1 Painter
Number of units: 36 franchises
Initial investment: $113,000 - $189,000
Average revenue (AUV): $726,000
Initial Investment
How much does it cost to start a That 1 Painter franchise? It costs on average between $113,000 – $189,000 to start a That 1 Painter franchised facility.
This includes costs for construction, equipment, inventory, and initial operating expenses. The exact amount depends on various factors, including the type of facility you choose, the location, and whether the franchisee chooses to lease or purchase the property. That 1 Painter offers 2 types of franchises:
Franchise | Initial Investment Range |
---|---|
That 1 Painter (Subcontractor Model) | $113,000 to $142,000 |
That 1 Painter (Employee Model) | $139,750 to $189,000 |
We are summarizing below the main costs associated with opening a That 1 Painter (Employee Model) franchised location. For more information on costs required to start a That 1 Painter franchise, refer to the Franchise Disclosure Document (Item 7).
Type of Expenditure | Amount (Employee Model) |
---|---|
Initial Franchise Fee | $59,000 |
Training Expenses | $3,000 to $5,500 |
Vehicle Lease and Wrap | $6,750 to $18,000 |
Master Class | $5,000 |
Business Licenses and Permits | $3,500 to $8,000 |
Computer System and Setup | $500 to $1,000 |
Uniforms and Branded Materials | $2,500 to $4,000 |
Office Equipment and Supplies | $1,500 to $5,000 |
Professional Fees | $500 to $2,500 |
Marketing Development Fee | $5,000 |
Grand Opening Advertising/Marketing | $10,000 to $15,000 |
Insurance | $7,500 to $13,000 |
Equipment | $3,000 to $8,000 |
Additional Funds (3 Months) | $32,000 to $40,000 |
TOTAL | $139,750 to $189,000 |
Average Revenue (AUV)
How much revenue can you make with a That 1 Painter franchise? A That 1 Painter franchised business makes on average $726,000 in revenue (AUV) per year.
Here is the extract from the Franchise Disclosure Document:
This compares to $487,000 yearly revenue for similar painting franchises. Below are 10 That 1 Painter competitors as a comparison:
That 1 Painter Franchise Disclosure Document
Frequently Asked Questions
How many That 1 Painter locations are there?
As of the latest data, That 1 Painter operates 62 locations, with most being franchise-owned. The company had only a few corporate-owned units while rapidly expanding its franchise network.
What is the total investment required to open a That 1 Painter franchise?
The total investment required to open a That 1 Painter franchise ranges from $113,000 to $189,000.
What are the ongoing fees for a That 1 Painter franchise?
A That 1 Painter franchise has ongoing fees that include a 6% royalty fee on gross sales and a 2% marketing fee for brand-wide advertising efforts. These fees ensure continuous support and consistent marketing across all franchise locations.
What are the financial requirements to become a That 1 Painter franchisee?
To become a That 1 Painter franchisee, the financial requirements include a minimum net worth of $150,000 and at least $50,000 in liquid capital. These requirements ensure that prospective franchisees have the financial stability and resources needed to support initial investments and ongoing business expenses.
How much can a That 1 Painter franchise owner expect to earn?
The average gross sales for a That 1 Painter franchise are approximately $0.73 million per location. Assuming a 15% operating profit margin, $0.73 million yearly revenue can result in $109,500 EBITDA annually.
Who owns That 1 Painter?
That 1 Painter is owned by ResiBrands, a parent company that focuses on home service franchises. ResiBrands oversees multiple franchises, including That 1 Painter, which was founded in 2011 and began franchising in 2021.
Disclaimer
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