The home improvement industry in the US is massive at over $300 billion, according to the Home Improvement Research Institute, and it's only expected to grow. Naturally, it's an exciting time for home service businesses such as Fresh Coat, a leader in the commercial and residential painting sector that has just entered Entrepreneur's "Franchise 500," coming in at number 469.
Issued annually for close to four decades, the Franchise 500 list has long been seen by franchisees as a way to find a top franchise opportunity and by franchisers as a measure of the competition. While the rankings are created using a 150-point data system, the key factors are financial stability and strength, brand strength, fees, costs, growth rate and size. Fresh Coat President Tara Riley said the franchise business is honored by its inclusion in this list and that it's a testament to the hard work of its team.
This paint service franchise business has many other goals for the rest of the year, including more improvements to its system and continuing to offer an affordable opportunity to entrepreneurs. Brand Vice President of Operations Nathan Milhouse noted that one of the company's missions is to make business ownership more accessible and that they are expecting record growth over the course of this year.
With more than 100 locations across the nation, Fresh Coat is seeking franchisees across several markets. The franchise fee runs from $44,900 to $49,900, and the initial total investment ranges from $53,850 to $76,750.