Groovy Hues logo

Groovy Hues Franchise

Audited Financials
Home ServicesEst. 2021Omaha, NE
www.groovyhues.com
Financing Available

Risk Score

Pending analysis

Investment Range

$167,021 - $206,393

Franchise Fee

$30,000

Min Cash Required

$20,000

Total US Locations

10

Business Summary

Groovy Hues Peace Love Paint Powerwash offers commercial and residential painting services, with optional powerwashing and gutter services, to customers. Groovy Hues Peace Love Paint Powerwash businesses operate using a proprietary system that includes methods for property assessment, product and service installation, customized software, and general procedures for operating and managing the business, such as scheduling, estimating, production, and sales. Franchisees operate their Groovy Hues Peace Love Paint Powerwash business from an approved facility, which can be a home office or a leased commercial property.

Corporate History

HPB Painting LLC, operating as Groovy Hues Peace Love Paint Powerwash, was organized in Pennsylvania on October 1, 2021. The company began offering franchises in August 2022. Its parent company is JEZ Investments LLC, formed in May 2020. Groovy Hues Peace Love Paint Powerwash acquired certain assets and confidential information from MR LFG LLC, d/b/a Rathgeb Painting, in January 2024, which had been operating a commercial and residential painting business since December 2021. The Rathgeb Painting business began converting to the Groovy Hues brand in February 2024.

Financial Overview

Investment Range

$167,021 - $206,393

Franchise Fee (Low)

$30,000

Franchise Fee (High)

$59,500

Minimum Cash Required

$20,000

Royalty %

8.5%

Equipment Costs (Low)

$33,518

Equipment Costs (High)

$44,291

Working Capital

$25,000

Audited Financials

Yes

Offers Financing

Yes

Audit Opinion

Unqualified opinion

Financial Health Notes

Groovy Hues Peace Love Paint Powerwash has a limited operating history and reported a net loss of $1,530,847 in 2023, resulting in a member's deficit of $417,471. In 2022, the company also experienced a net loss of $859,089. Despite these losses, the independent auditors did not identify conditions or events that raise substantial doubt about the company's ability to continue as a going concern. Management believes that the disposition of current claims and lawsuits will not have a material adverse effect on the company's financial position, results of operations, and cash flows.

Financing Details

Groovy Hues Peace Love Paint Powerwash does not offer direct financing for the initial franchise fee for a franchisee's first territory. However, it may offer financing for a portion of the initial franchise fee for subsequent territories. For a second territory, up to 60% of the initial franchise fee (up to $24,000) may be financed. For a third territory, up to 80% of the initial franchise fee (up to $28,000) may be financed, with a maximum total financed amount of $52,000. These loans are for up to 36 months, carry an interest rate of the U.S. Prime Rate plus 2%, and have no prepayment penalty. Franchisees must sign a Secured Promissory Note and General Security Agreement, which grants Groovy Hues Peace Love Paint Powerwash a security interest in substantially all of the franchisee's assets. All owners of the franchisee entity must personally guarantee the obligations.

Performance Metrics

Total US Locations

10

Franchised Units

10

Corporate Units

0

Franchising Since

2022

Agreement Terms

Initial Term

10 years

Renewal Term

10 years

Renewal Conditions

To renew their franchise agreement, Groovy Hues Peace Love Paint Powerwash franchisees must provide written notice of their intent to renew between 12 and 18 months before the current term expires. They must demonstrate their right to operate the business at the approved location for the renewal term or secure an approved substitute location. Franchisees must also complete any necessary updates to bring their business into full compliance with current system standards and specifications within 90 days before expiration, including equipment, vehicles, and the approved location. All monetary obligations to Groovy Hues Peace Love Paint Powerwash, its affiliates, and suppliers must be satisfied, and the franchisee must have substantially complied with all agreements throughout the existing term. Additionally, franchisees are required to meet current training requirements, execute a general release in favor of Groovy Hues Peace Love Paint Powerwash and its affiliates, and pay a renewal fee equal to 20% of the initial franchise fee. They will also need to sign the then-current form of franchise agreement, which may have materially different terms.

Training & Support Program

Franchisor Assistance

Before opening, Groovy Hues Peace Love Paint Powerwash assists franchisees by defining their protected territory, providing an opening package, a list of approved suppliers and products, and access to its confidential Operations Manual and Intranet System. It also offers an Initial Training Program for the franchisee and up to two additional representatives, provides advice and guidance for the startup phase, dedicated phone numbers and email accounts, and brand optimization coordination. After opening, Groovy Hues Peace Love Paint Powerwash may provide additional or remedial training, on-site training or consultation (for a fee), modify and update the System and Operations Manual, and provide updated lists of approved products and suppliers. It also operates a Call Center to manage customer inquiries, may establish a Brand Fund for advertising, reviews alternate supplier and product proposals, conducts periodic inspections and audits, and offers ongoing advice and guidance via various communication methods, potentially with a fee for on-site assistance.

Training Location

Corporate headquarters in Omaha, NE

Ongoing Support

After opening, Groovy Hues Peace Love Paint Powerwash offers various ongoing support services. This includes additional or remedial training courses for the franchisee and their personnel, which may be mandatory or discretionary, and for which a fee may be charged. On-site training or consultation can be provided upon request or as deemed necessary, subject to personnel availability and a daily fee plus expenses. Groovy Hues Peace Love Paint Powerwash continuously modifies and updates its System and Operations Manual, providing updated lists of approved products and suppliers. It operates a Call Center for customer inquiries and work order assignment. The franchisor may also establish a Brand Fund for system-wide advertising and marketing. Periodic advice and guidance are offered regarding business operations, Proprietary Marks, and the System, delivered through meetings, printed materials, email, telephone, or electronically. Franchisees are required to attend an annual conference, for which a fee applies.

Franchise Requirements

Ideal Candidate Profile

Groovy Hues Peace Love Paint Powerwash seeks qualified individuals who are entrepreneurial and possess strong managerial abilities, with a focus on customer service. Candidates do not need prior experience in painting, powerwashing, or gutter services. Franchisees or their operating principals must dedicate their personal full-time attention and best efforts to managing and operating the business. While a Designated Manager can handle day-to-day operations if approved and properly trained, the owner's active involvement in management and promotion is crucial. Ideal candidates should possess good moral character, business reputation, credit rating, and adequate financial resources to meet their obligations. They should also demonstrate an aptitude and ability to conduct the business successfully.

Industry Experience Required

No

Management Experience Required

Yes

Sales Experience Required

No

Technical Skills Required

No

Operational Details

Location Type

Hybrid

Owner Participation

Full-Time

Territory Type

Protected

Territory Size Requirements

Groovy Hues Peace Love Paint Powerwash typically grants a single protected territory defined by a population of approximately 200,000 individuals, though the size can vary based on geography, demographics, and other factors. If the cumulative general population of a franchisee's protected territory exceeds the standard figures, an overage fee of $0.30 per individual is charged. For multi-unit franchisees purchasing two or more businesses, separate protected territories are granted, which are generally contiguous. Although the territory is protected from other Groovy Hues businesses, the franchisor retains rights to solicit and service national and regional accounts (NORAs) within or outside the territory, and may also distribute products and services through alternative channels like the internet.

Staffing Notes

Groovy Hues Peace Love Paint Powerwash franchisees are responsible for maintaining a team of qualified employees or a network of reputable subcontractors to perform services. The business must always have at least one individual who has successfully completed the initial training program on staff, which may be the franchisee or a Designated Manager. If a Designated Manager is employed, they must be approved by Groovy Hues Peace Love Paint Powerwash and complete the initial training program before assuming responsibilities, and any replacement Designated Manager must be trained within 30 days of hiring. The Operations Manual provides job descriptions for various roles including General Manager, Human Resources Coordinator, Client Relations Manager, Foreman, Sales Representative, Bookkeeper/AR Specialist, and Power Washer, along with guidelines for recruiting, interviewing, and training employees, and maintaining uniform/dress code standards.