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:

FranchiseInitial 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 ExpenditureAmount (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 competitors

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

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.

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