Risk Score
Pending analysis
Investment Range
$234,430 - $1,237,780
Franchise Fee
$63,750
Min Cash Required
$10,000
Total US Locations
30
Business Summary
Painter Bros operates a painting business that provides professional residential and commercial painting services to the public, businesses, and government agencies. Painter Bros franchisees use proprietary methods and systems and have access to proprietary bidding software. They can also access national accounts, which are larger government and commercial services contracts. In addition to painting, Painter Bros franchisees offer multiple revenue streams through ancillary services like facility maintenance, paint or graffiti removal, and handyman-type repairs.
Corporate History
Painter Bros Franchising, LLC was organized in Utah on January 4, 2017. The company began offering Painter Bros franchises in January 2017 and does not engage in other business activities or operate under different names. Painter Bros has an affiliate, Colors Are Us of Nevada, LLC, formed in May 2018, which contracts with commercial and governmental agencies for painting and contracting needs, fulfilling these contracts itself or by subcontracting to franchisees. This affiliate has been operating since 2020.
Financial Overview
Investment Range
$234,430 - $1,237,780
Franchise Fee (Low)
$63,750
Franchise Fee (High)
$550,000
Minimum Cash Required
$10,000
Royalty %
5%
Marketing %
2%
Equipment Costs (Low)
$11,000
Equipment Costs (High)
$189,500
Working Capital
$125,000
Audited Financials
Yes
Offers Financing
No
Audit Opinion
Unqualified opinion
Financial Health Notes
Painter Bros' financial statements, as referenced in Item 21, show that its total liabilities exceed its total assets, resulting in a members' equity deficit of ($577,846) as of December 31, 2024. While the company recorded positive net income of $166,199 in 2024, it reported net losses in the two prior years. This financial condition has led certain state regulatory agencies (including Hawaii, Illinois, Maryland, Minnesota, North Dakota, South Dakota, and Virginia) to require Painter Bros to defer the payment of initial franchise fees until all pre-opening obligations to the franchisee are met and the business is open.
Financing Details
Painter Bros does not offer any direct or indirect financing to its franchisees. The company also does not guarantee any notes, leases, or other obligations for franchisees, who must secure their own funding through banks or other lenders.
Performance Metrics
Total US Locations
30
Franchised Units
29
Corporate Units
1
Avg Square Footage
300
Franchising Since
2017
Legal & Compliance Analysis
Recent Litigation
No
Bankruptcy
No
Litigation Summary
Painter Bros has no litigation history to report as of the issuance date of this disclosure document. No litigation is required to be disclosed in Item 3.
Bankruptcy History
Painter Bros has no bankruptcy history to report as of the issuance date of this disclosure document. No bankruptcies are required to be disclosed in Item 4.
Agreement Terms
Initial Term
10 years
Renewal Term
10 years
Renewal Conditions
To renew their Painter Bros franchise agreement, franchisees must be in good standing, meaning they are not in default and have met all material terms and conditions throughout the initial term. They must also pay a successor franchise fee, modernize their business to meet Painter Bros' current standards, and sign the then-current franchise agreement. Franchisees are required to give Painter Bros written notice of their intent to renew between 6 and 12 months before their current agreement expires.
Training & Support Program
Franchisor Assistance
Painter Bros provides pre-opening assistance by designating territories, providing specifications for equipment and supplies, and offering initial training. During operations, Painter Bros offers virtual opening assistance for 50 to 60 hours, typically through weekly phone or video calls. The franchisor also provides approved marketing suppliers, designates a CRM software, issues updates to its operating manuals, and may offer remote or in-person consultation. Franchisees receive up to three corporate email addresses and may be required to attend conferences or seminars. Painter Bros also conducts periodic inspections of franchise businesses and job sites.
Initial Training Hours
63
Training Location
Online/virtual and Corporate headquarters in Utah
Ongoing Support
After opening, Painter Bros provides franchisees with 50 to 60 hours of virtual opening assistance through weekly phone or video calls. The franchisor also offers ongoing guidance on general operations, including manual updates, and may provide additional training if requested or deemed necessary, for which fees and expenses may apply. Operating principals are required to have weekly check-ins with Painter Bros' director of operations. Franchisees may also attend annual conferences and additional seminars, and Painter Bros conducts periodic inspections of job sites and business operations.
Franchise Requirements
Ideal Candidate Profile
Painter Bros seeks franchisees who are qualified buyers, particularly those capable of significant upfront operating capital to manage large projects and national accounts, with large investment franchisees needing to purchase at least 5 territories. The ideal candidate must have an operating principal willing to be personally involved in the direct operation and supervision of the business. This involvement includes overseeing all accounting, reporting, and financial components; attending all required training and annual meetings; being directly involved in personnel decisions; and conducting frequent inspections of job sites to ensure high standards. The operating principal is also responsible for weekly check-ins with the franchisor's director of operations and personally managing sales and production for national account customers. Painter Bros looks for individuals with strong business experience, good reputation, and creditworthiness who are free from conflicting or competing business interests.
Industry Experience Required
No
Management Experience Required
No
Sales Experience Required
No
Technical Skills Required
No
Operational Details
Location Type
Hybrid
Owner Participation
Hands-On
Territory Type
Limited
Staff Count
3
Territory Size Requirements
Each Painter Bros territory is comprised of ZIP codes and is defined by a population range of 250,000 to 260,000 people. For example, a 3-territory franchise would have a minimum population of 750,000 people. Painter Bros reserves the right to adjust territory boundaries if the collective population of a franchisee's territories increases by 100,000 or more, ensuring no adjusted territory has less than approximately 250,000 people. Franchisees must service all purchased territories from the start of operations.
Staffing Notes
Painter Bros franchisees are required to hire an estimator, a foreman, and at least one salesperson to begin operations. Owner-operators may assume some of these management and administrative roles. Franchisees must use Painter Bros' approved recruiting agency for sales and management personnel and a designated bookkeeping service. Initially, only one painting crew is anticipated. The operating principal must actively participate in and supervise the franchise business, handling all accounting, reporting, personnel decisions, job site inspections, and weekly check-ins with Painter Bros' director of operations. If the operating principal is not a full-time manager, a designated manager must provide on-premises supervision at job sites.