Choosing the Best Franchise Industry
Learn How to Choose the Best Franchise Industry for Your Skills and Passions
Making the decision to explore self employment by becoming a Franchise Owner is a large and important step, but it’s only the first of many! Next, learn how to sift through various industries to find the best franchise industry for your interests, priorities, and skill set. Keep these five key aspects in mind as you research the various franchise opportunities available to you.
We'll help you achieve success, gain your freedom, find more time and grow your financial security within your own painting franchise.
Step into a thriving industry with the best branding, marketing materials, coaching, software, tools and technologies available.
Step into a thriving industry with the best branding, marketing materials, coaching, software, tools and technologies available.
Personal Strengths and Skills
No one is an expert in everything, and not every industry will appeal to your interests and background. One of the first steps in narrowing down the best franchise industry for you is to consider what you’re good at, what you’re passionate about, and what unique skills you possess. Likewise, if you’ve set goals around developing particular skills or making a certain type of impact in your community, this is a good time to clarify these as well.
At the same time, if your motivation and passions behind becoming a Franchise Owner hinge on your business skills and entrepreneurial spirit rather than your skills in any particular industry, it’s best to look for franchise opportunities that don’t require specific background in any specific field. These are the franchises that offer training and support, and utilize business models that outsource other skills to employees or contractors. With Painter1, Franchise Owners are thoroughly trained and no painting background is necessary.
Goals and Priorities
To help you choose the best franchise industry for you, determine your goals and priorities. What interests you about becoming a Franchise Owner? Is your priority to have more free time? To grow your nest egg? To learn new skills? To build and expand something that lasts? Many business-minded individuals are drawn to Painter1 because there are no local restrictions, making it simpler to expand your business.
Others explore franchise opportunities because their goals and priorities lie in improving their communities and taking part in bettering others’ lives. Painter1 Franchise Owners play an important role in transforming homes and businesses with high-quality, affordable painting services.
Lowest Franchise Fee
Starting at $49,500
Declining Royalties
5% / Declining
Lowest Brand Development Fund
2% national brand development fund
Powerful Software
On-site quoting software, automated sales processing included
Built-In CRM
Automated communications / reporting
No Local Restrictions
No exclusivity on territories
And best of all....
Franchise System Ownership
When you become part of the Painter1 family, you own a piece of the franchise system overall!
Local Market
To choose the best franchise industry, it’s important to conduct research pertaining to your local market. Once you’ve used your strengths, skills and goals to narrow down a few leading industries, look into how these industries have been performing in the last few years. Are they seeing growth? Do they tend to suffer more than other industries during recessions? How much risk are you willing to take on? Examining the market on a large scale as well as a local level can help you understand the opportunities and challenges you’re likely to face if you enter this industry.
With Painter1, a service-oriented and value-driven business model provides reliability for Franchise Owners. Offering a variety of services ranging from residential painting to exterior painting to commercial jobs, Painter1 stays in-demand by offering budget pricing for a high-quality service.
Tools and Support
As you explore industries aligning with your goals and skills, also take into consideration the level of support and training available from franchises in that industry. What tools do franchise owners benefit from? In what ways can they rely on the overall franchise to help them grow and succeed? Franchise Owners with Painter1 enjoy the capabilities of a built-in CRM that allows for automated communication and reporting, in addition to powerful in-house software that can be used for quoting, reputation management, sales processing and more. In some industries and business models, Franchise Owners have to incur additional costs in order to leverage tools like these, but with Painter1, these top-of-the-line tools are included at no extra cost. Additionally, Painter1 offers ongoing support so you always have a wealth of knowledge and resources at your fingertips as you set out to improve your community and your future.
Budget and Required Investment
Every franchise is set up differently, so getting clear about your budget and the up-front investment you can realistically afford can help determine what to look for. In many franchise industries, it can be difficult to find opportunities that feel affordable up-front without eating away at earnings through royalties. The costs of materials and retail spaces make many industries particularly pricey to enter.
With Painter1, Franchise Owners pay a relatively low franchise fee starting at $49,500 and also enjoy declining royalties each year! All rebates go back to Franchise Owners, and there’s even a 10% Owner’s Equity pool. This unique business model allows more room for financial growth for Franchise Owners.
Becoming a Franchise Owner is a large and important decision, and finding the right industry is crucial! With Painter1, leverage the power of excellent software, unparalleled support, and a well-known brand.
Inquire to learn more!