Five Star Painting - Franchise
Five Star Painting, a Neighborly company, is the nation's leading residential and commercial painting services franchise. With us, business ownership is a stroke of genius!
Requirements
Financial requirements for this franchise:
Liquid Capital: | $50,000 What does Liquid Capital mean? |
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Franchise Fee: | $45,000 What does Franchise Fee mean? |
Total Investment: | $77,450 - $184,540 What does Total Investment mean? |
Options
Options available to franchisees:
Financing: | Via 3rd party |
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Training: | Available |
Veteran Discount: | Five Star Painting offers 20% off of the initial franchise fee for qualified Veterans via VetFran |
SBA Approved: | Available |
Franchisor Details
Facts about this franchise:
Total Units: | 240 |
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Year Founded: | 2004 |
Franchising Since: | 2007 |
What Does a Five Star Painting Franchise Cost?
To buy a franchise with Five Star Painting, you'll need to have at least liquid capital of $50,000. Franchisees can expect to make a total investment of $77,450 - $184,540. Five Star Painting charges a franchise fee of $45,000. They also offer financing via 3rd party as well as a discount for veterans (Five Star Painting offers 20% off of the initial franchise fee for qualified Veterans via VetFran). *
Five Star Painting Franchise Overview
Since 2004, Five Star Painting® has provided a variety of residential and commercial painting services as a nationally recognized industry leader. Five Star Painting franchise owners serve customers in more than 240 locations across North America. When it comes to starting a painting business, franchise owners looking to be their own boss have the support and resources to pursue their dream of business ownership in a growing industry.
Five Star Painting is proud to be a part of Neighborly®, the world’s largest home services franchise with 19 brands and more than 5,000 locations focused on repairing, maintaining, and enhancing properties. Utilizing decades of experience and scale through the Neighborly Hub, this multi-brand portfolio provides our franchise owners with distinct advantages like improved networking opportunities and customer referrals between brands in the same local market, ultimately creating value for franchise owners and customers alike.
The Neighborly Done Right Promise™ is a core component of putting customer service first by taking the stress out of home maintenance, having pride in the work that gets done, and promising to make things right. Additionally, the culture across the entire family of brands is embodied by the Neighborly Code of Values, which emphasizes the importance of fostering a set of ideals that guide the organization. These elements, while small to some, set Neighborly and Five Star Painting franchise owners apart from the competition.
Why Franchise With Five Star Painting?
No Industry Experience Required: By utilizing an executive ownership model where you make the decisions and manage your own business, you won’t need to hold a paintbrush to be successful, especially after putting together a reliable staff.
Highly Scalable Model: Embrace operational simplicity by using subcontractors instead of full-time employees. Better yet, no initial office space, low overhead, and a small footprint lead to a more hands-off approach as you grow your business.
Prime Territories: With available territories in some of the fastest-growing markets, there’s ample space and demand to establish your franchise. Better yet, thanks to designated territories, you’ll be able to collaborate and share best practices with other Five Star Painting locations instead of compete for the same customers.
ProTradeNet® Buying Power: Exclusively available to Neighborly brand franchise owners, you’ll have access to discounts and rebates from over 250 preferred vendors, such as Sherwin-Williams and Benjamin Moore. In 2023, Neighborly brand franchise owners who joined PTN collectively received over $8.7 million in rebates and $98 million in up-front savings.
Award-Winning Recognition: With more than 20 years of success, Five Star Painting has been recognized by leading organizations within the franchising space, such as Entrepreneur Franchise 500®, Franchise Business Review Top 200, and Franchise Times Top 400®.
Veteran Discounts: We are proud to partner with VetFran and offer franchise fee discounts for qualified veterans. With more than 425 current Veteran owners across Neighborly brands, we’re committed to helping transitioning and current Veterans achieve their business goals.
Our Ideal Candidate
Our franchise owners come from all walks of life. Some have held positions in corporate environments and are looking for a career change, while others have worked in the industry and are looking to lead their own business. No matter their background, our franchisees have a shared passion for providing a variety of reliable and quality services in their community. Some characteristics displayed by our most successful franchisees include:
- Entrepreneurial spirit driven to set and achieve goals
- Desire to build genuine relationships with customers, employees, and other franchisees
- Penchant for problem solving and critical thinking
- Commitment to delivering consistent, high-quality service
- Accountable to financial responsibilities and requirements
- Consistently dependable and reliable with words and actions
- Appetite for expanding knowledge and continuing education
Training and Support
Five Star Painting franchise owners benefit from specialized training, operations, and support systems, including:
Sure Start: This training program connects you with a designated consultant that will work closely with you to provide in-depth marketing and sales training as you get started with your business.
Franchise Business Coach: You’ll be paired with a knowledgeable FBC to help answer questions, provide support, and ensure accountability as you grow your business.
National Marketing: Led by a team of experts on behalf of all franchise owners, efforts on asset development, marketing initiatives, and cross-brand promotion improve brand recognition.
Local Marketing Specialist: These knowledgeable experts set the stage for integrated plans and tactics in your market that focus on customer acquisition, retention, and reactivation.
Ongoing Training: Comprehensive education opportunities such as regional training events, national conferences, and owner collaboration ensure you have the knowledge to function at the top of your game.
Neighborly App: This free app makes it convenient for customers to find your brand, get inspiration for home projects, and book service appointments with just a few clicks.
Digital Integration: In an increasingly technology-based world, hosted landing pages, SEO and PPC guidance, and social media presence make it easier for customers to find your business.
Franchisee Testimonials
"We have continuous education, support with training in the field, and we also have the emotional support."
- Cindy Praesal
"We help our community by giving back in many ways, and I enjoy helping other franchise owners with advice that was given to me."
- Anthony Kulikowski
"My family supports Five Star Painting, and they are also passionate about what it means to be part of Neighborly."
- Amado Cano
"Don't procrastinate. The sooner you become a Neighborly brand owner, the sooner you will improve your future."
- Mark Lambert
"Follow the system. If you're going to do this, don't reinvent the wheel."
- Josh Stinnett
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Availability
Five Star Painting is currently accepting inquiries from the following states:
Alabama, Arkansas, Arizona, Connecticut, Delaware, Florida, Iowa, Illinois, Indiana, Kansas, Kentucky, Louisiana, Massachusetts, Maryland, Maine, Michigan, Minnesota, Missouri, Mississippi, Montana, North Dakota, Nebraska, New Hampshire, New Jersey, New Mexico, New York, Ohio, Oregon, Pennsylvania, Rhode Island, South Carolina, South Dakota, Virginia, Vermont, Wisconsin, West Virginia, Wyoming
Interested parties should have at least $50,000 in liquid capital to invest.
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Press Releases
- 06/24/24:
Neighborly® Announces Mike Davis as its New CEO - 03/26/24:
Neighborly®’s Technological Innovation in the Home Services Industry Earns Recognition as 2024 CIO 100 Award Winner - 02/24/23:
Neighborly® Begins 2023 Riding Strong Same-Store Sales Growth and Expansion into New Service Verticals - 01/12/23:
16 Neighborly® Brands Ranked Among Top Franchises in Entrepreneur’s Highly Competitive Franchise 500®