Start a Color World Painting Franchise in 2024

2024 Franchise 500 Rank: N/R Ranked #394 last year

Initial investment: $107K - $168K

Units as of 2024: 41 33% over 3 years

Color World Painting is an interior and exterior painting specialist catering to homes and businesses. The company has been painting houses and buildings since 1997, striving to employ only the most skilled workers and use nothing short of the best products available in the market.

Customers can take advantage of the company's range of services: carpentry, staining, power washing, drywall repair, gutter installation, and even holiday lighting installation. Color World Painting has made itself a one-stop shop dedicated to serving communities across the nation.

Why You May Want to Start a Color World Painting Franchise

Color World Painting believes in a life-work balance and has built its business model so franchisees may enjoy the perks this balance can offer: family, flexibility, and freedom. They offer absentee ownership, giving the franchisee the opportunity to be hands-off. They also allow for the potential of a home-based business, meaning that you may not even need to secure a storefront to open a Color World Painting franchise.

You don't need painting experience to be a franchisee. If you are a strong leader, outgoing and friendly, and family and growth-oriented, you may find the company's culture a good fit. Franchisees may also benefit from the seasonal nature of the work as opposed to year-round.

What Might Make a Color World Painting Franchise a Good Choice?

There are a lot of things about Color World Painting that may be appealing to franchisees. One is its ranking with Entrepreneur. Color World Painting has been ranked on Entrepreneur's Franchise 500 based on an evaluation of more than 150 data points in the areas of costs and fees, size and growth, franchisee support, brand strength, and financial strength and stability. It has also been named to Entrepreneur’s Top New Franchises list multiple times in recent years.

The company has fairly low investment requirements with a possibility of multiple streams of revenue. Multiple revenue streams make Color World Painting a unique franchise within the industry, with the potential for a franchisee to offer expertise in several areas.

Another key benefit of the Color World Painting business model is its minimum employee requirement. For every three or four teams of paint crews, the company only requires franchisees to employ a single office worker to manage them.

How Do You Open a Color World Painting Franchise?

If you want to open a Color World Painting franchise, you need to consider if you can meet the company's financial requirements, including an initial investment made up of a franchise fee and other startup costs. Franchisees will want to make sure they have enough capital available to cover additional ongoing fees, as well. These fees will include royalty fees or renewal fees.

As you make your decision regarding whether to open a Color World Painting franchise, make sure you take time to explore the opportunity. Research the brand and your local area to see if a franchise would do well in your community. While competition is healthy, too much of it may not allow for the most possible growth.

Suppose everything works out in your favor and you become a Color World Painting franchisee. In that case, you could possibly benefit from the company's various types of support, from marketing to recruitment. Soon enough, you'll be painting your community in color!

Company Overview

About Color World Painting

Industry	Home Improvement
Related Categories	Painting, Miscellaneous Home-Improvement Businesses
Founded	1997
Parent Company	Authority Brands
Leadership	Chris Ring, Brand President
Corporate Address	7120 Samuel Morse Dr., #300 Columbia, MD 21046
Social	Facebook, Twitter, LinkedIn, Instagram, YouTube

Business Overview

Franchising Since	2016 (8 years)
# of employees at HQ	6
Where seeking	This company is offering new franchises in the following US states: Alaska, Alabama, Arkansas, Arizona, California, Colorado, Connecticut, District of Columbia, Delaware, Florida, Georgia, Iowa, Idaho, Illinois, Indiana, Kansas, Kentucky, Louisiana, Massachusetts, Maine, Michigan, Minnesota, Missouri, Mississippi, Montana, North Carolina, North Dakota, Nebraska, New Hampshire, New Jersey, New Mexico, Nevada, New York, Ohio, Oklahoma, Oregon, Pennsylvania, Rhode Island, South Carolina, South Dakota, Tennessee, Texas, Utah, Vermont, Wisconsin, West Virginia, Wyoming
# of Units	41 (as of 2024)

Information for Franchisees

Here's what you need to know if you're interested in opening a Color World Painting franchise.

Financial Requirements & Ongoing Fees

Here's what you can expect to spend to start the business and what ongoing fees the franchisor charges throughout the life of the business.

Initial Franchise Fee Definition: The initial fee paid to a franchisor to join their system What you need to know: Found in Item 5 of the FDD, this may be a flat fee, or may vary based on territory size, experience, or other factors.The franchise fee is an up-front (one-time) cost that a new franchisee pays to the franchisor. This fee is usually due at the signing of the franchise agreement and covers the right to use the franchisor's trademarks, name, and related business systems.	$49,500
Initial Investment Definition: The total amount necessary to begin operation of the franchise What you need to know: The initial investment includes the franchise fee, along with other startup expenses such as real estate, equipment, supplies, business licenses, and working capital. This is outlined in a chart in Item 7 of the FDD, showing a range of possible costs from low to high.	$106,900 - $168,000
Net Worth Requirement Definition: The minimum net worth you must have in order to qualify to become a franchisee of this company What you need to know: Net worth is the value of a person's assets minus liabilities. Assets include cash, stocks, retirement accounts, and real estate. Liabilities include items like mortgages, car payments, and credit card debt.	$130,000
Cash Requirement Definition: The minimum liquid capital you must have available in order to qualify to become a franchisee of this company.	$80,000
Veteran Incentives Definition: A discount or other incentive offered to military veterans who buy a franchise with this company.	30% off franchise fee
Royalty Fee Definition: A ongoing fee paid to the franchisor on a regular basis. What you need to know: Most franchisors require franchisees to pay an ongoing royalty fee, which is detailed in Item 6 of the FDD. This fee is typically a percentage of weekly or monthly gross sales, but may also be a flat weekly, monthly, or annual fee.	6%
Ad Royalty Fee Definition: An going fee paid to the franchisor on a regular basis to support advertising or marketing efforts. What you need to know: This may also be called advertising fee, marketing fee, brand fund fee, and more, but the basic purpose is the same-- to support promotion of the brand systemwide. As with the royalty fee, it is detailed in Item 6 of the FDD, and can be a percentage of weekly or monthly gross sales or a weekly, monthly, or annual fee.	2%
Term of Agreement Definition: The length of time your franchise agreement will last. What you need to know: Franchise terms are typically anywhere from 5 to 20 years in length, but are sometimes instead dependent on factors such as the term of your lease. Once your term is up, you may have the option to renew your agreement, typically for a smaller fee than the original franchise fee.	10 years
Is franchise term renewable?	Yes

Financing Options

Some franchisors offer in-house financing, while others have relationships with third-party financing sources to which they refer qualified franchisees.

In-House Financing	Color World Painting offers in-house financing to cover the following: accounts receivable, payroll
Third Party Financing	Color World Painting has relationships with third-party sources which offer financing to cover the following: franchise fee, startup costs, equipment, inventory

Training & Support Offered

Franchisors offer initial training programs and a variety of ongoing support options to help franchisees run their businesses.

On-The-Job Training	40 hours
Classroom Training	280 hours
Ongoing Support	Newsletter Meetings & Conventions Toll-Free Line Grand Opening Online Support Security & Safety Procedures Field Operations Site Selection Proprietary Software Franchisee Intranet Platform
Marketing Support	Co-op Advertising Ad Templates National Media Regional Advertising Social Media SEO Website Development Email Marketing

Operations

Additional details about running this franchise.

Is absentee ownership allowed?	Yes
Can this franchise be run from home/mobile unit? Definition: The business can be run from your home and/or a vehicle, and it is not necessary to have a retail facility, office space, or warehouse.	Yes
Can this franchise be run part time? Definition: This business can be run by the owner on a part-time basis (less than 40 hours per week) and/or as a side business; it is not necessary for the business to be open/run full-time.	Yes
# of employees required to run	1-5
Are exclusive territories available? Definition: An exclusive territory is a fixed area in which you are given the right to operate and in which no other units of the same franchise may be opened. What you need to know: Territory size may be based on factors such as radius, population size, zip codes, and more. Details can be found in Item 12 of the FDD.	No