In today's market, where people are constantly remodeling and redecorating their homes and businesses, the painting industry continues to grow. Homeowners are expected to increase their spending on home improvement projects to over $300 billion within the next seven years. With 360° Painting you can tap into this growing market.
It's a matter of trust and revamping a home or business can be an exciting yet stressful time for a homeowner. The 360° Painting sales and estimating techniques help to take the stress out of the process and allow you to capitalize on the market. Our proprietary technology and procedures help to establish a trusting relationship with the customer. When you gain trust, you gain positive references, a solid reputation in your community and repeat business.
Franchising Tips and Facts
Investigate earnings claims. If a franchisor makes earnings claims, they are required to have in writing the facts upon which those estimates are based. A seller must tell you the number and percentage of owners that have actually met the claimed profit margins. Beware of broad and unsubstantiated claims.
In addition to the initial investment required for a 360 Painting Franchise, you will also need money to sustain yourself, and the business, until it becomes cash positive. Remember, too, that projections may not be accurate. Market conditions can change and if it takes longer than originally anticipated for the new business to reach breakeven, you'd should have some emergency funds set aside, or it could mean the demise of an inherently sound business.
One of the reasons you may be considering a 360 Painting franchise opportunity is brand recognition. With well known established brands, you don't have to work as hard to build brand awareness because a lot of that work has already been done by the franchisor and other franchisees. A good brand is immediately familiar in consumers' minds. To the consumer, brand equals the company's reputation.
360 Painting franchises offer the franchisee a license or right to sell its goods or services and/or use its business techniques. The franchisees usually pay an initial fee to acquire this right, and thereafter pay a percentage of their gross sales to the franchisor throughout the term of their franchise contract. In return for these payments, 360 Painting franchisees gain priveleges, including the right to sell a proven and recognized product or service, to use the franchisor's business practices, and to receive initial training and ongoing support.
By following the franchisor's business practices and offering products that meet the company's standards, 360 Painting franchisees can consistently provide customers with quality goods and services. In the United States the Federal Trade Commission (FTC) and certain states can decide if a franchise is acting as a franchisor. If so, they regulate the activities of the franchisor, as to marketing and sales, and distribution of required disclosure information (Offering Circular aka UFOC) about the franchise to prospective purchasers. Certain other countries have similar regulations. Research has shown that the success rate of new franchisees is much higher than that for other new business start-ups.
Please Note: 360 Painting, and other franchise opportunities, business opportunities,
businesses and franchises for sale on this web site are not to be
considered as an "offering," suggestion or approval by
ActiveFranchising.com. As always, we recommends seeking the advice of a lawyer, financial consultant or
accountant before purchasing a franchise or business opportunity.
