Painting Franchise Averaging 40% Gross Margins
Spray-Net franchise for sale in West Palm Beach, Florida
List Price: $200,000 USD
Key Facts
Annual Gross Revenue
$394,732 USD
Cash Flow
$100,000 – $150,000
Seasonal Business
No
Value of Inventory
Less than $25,000
Value of Assets
$50,000 – $100,000
Year Established
2022
Business Operates From
My home
Location Is
Leased
Total Employees
Less than 10
+3 MonthsTransition
Support
SomewhatPrice/Terms
Flexibility
SomeSeller financing Available
PassiveOwner
Involvement
About this Business
First year of purchasing equipment and vehicles, launching the brand in Palm Beach County and operating in the green. Take over a business with leads and a backlog of work, and have full support from the franchise for training.
You will also have a franchise coach assigned to help with everything from quoting, selling, inventory management and marketing. The purchase price covers all outstanding debt so you take over a business with no liens or obligations.
Growth opportunities
It is time to expand to adding additional teams and ramp up marketing. I would like to have the new owner do the expansion.
Owner's Day-to-Day Involvement
I will help with transition and attending sales calls for the first month. You will be assigned a franchise coach that is available and proactive. He is a great partner.
Asset Description
Ford F150 (brand wrapped), enclosed trailer (brand wrapped), three Graco top of the line paint guns purchased new in October 2022, multiple sized ladders (new), all existing supplies, wharehouse lease.
Inventory Description
We keep a low supply of inventory (good for cashflow) as the US distribution center is located in Miami and easily accessible.
Reason for Selling
Spent 25 years in business-to-business sales and looking to move away from business-to-consumer sales.
Why I Love My Franchise
The support is like nothing I have ever seen. You can speak with your coach daily, and requests are answered quickly.
About Spray-Net
Spray-Net is a leading home improvement franchise specializing in innovative exterior painting solutions, with a patented process and exclusive products that set it apart in the market. Founded in 2010, Spray-Net has garnered significant attention, being featured on popular shows such as HGTV, Property Brothers, and Renovation Impossible. The brand focuses on delivering factory-quality finishes for homes using its unique spray-applied coatings, ensuring a long-lasting, durable transformation. The initial investment ranges from $138,000 to $225,000, with a royalty fee of 6%. As the home improvement market continues to grow, Spray-Net’s distinctive approach and emphasis on quality and efficiency position it for robust expansion, offering a valuable opportunity for entrepreneurs passionate about the sector.
Franchisee Support
Spray-Net provides extensive support to franchisees to ensure their success in the home improvement industry. New franchisees participate in a comprehensive training program, combining in-class instruction with hands-on training at the corporate support center, covering operations, sales, and specialized paint application techniques. Ongoing support includes regular follow-up calls, field visits, a dedicated support team, and access to the proprietary Spray-Network software platform, enhancing operational efficiency.
Brand Accolades & Awards
Spray-Net has been recognized for its innovative approach to home improvement, winning the NextGen Franchising Award in 2020. The brand has gained visibility through features on HGTV and in reputable publications like Coating World, Forbes, and Entrepreneur. These accolades underscore Spray-Net's commitment to delivering high-quality exterior painting solutions and its potential for growth in the home improvement industry.
Industry / Market
The global home improvement market is projected to grow from $400 billion in 2022 to $600 billion by 2028, with a CAGR of 7.5%. Spray-Net, focusing on exterior painting services with a unique patented process, is well-positioned to benefit from this growth as homeowners increasingly invest in durable and efficient home enhancement solutions. The brand's emphasis on innovation and quality further strengthens its competitive edge in this expanding market.
Ideal Owner
The ideal Spray-Net franchisee is a detail-oriented entrepreneur with a passion for home improvement and exterior renovations. They should be customer-focused, organized, and capable of managing a team of painters to deliver high-quality workmanship. Experience in painting, construction, or home services is advantageous, along with strong communication skills to build client relationships and uphold the brand’s commitment to excellence.