Cash Investment (Liquid): $50,000

Minimum Investment: $90,450

Maximum Investment: $116,175

Minimum Net Worth: $150,000

Franchise Fee: $45,000

Business Type
  • Home Based

B2B/B2C

  • B2B

  • B2C

Discounts:
NA

Average # of Employees:

 0-6

Participation Type:

  • Owner-Operator

  • Executive Model

Background

  • Year Established: 2014

  • Year First Franchised: 2018

LIME Painting
WHO ARE WE?

They are the only painting franchise that focuses solely on high-end homes and businesses whether new, or full restoration projects, that value $1 Million or more. Typically, high-end properties need more than just a coat of paint, which is why they offer 15 distinct services all while educating clients on options to maximize the value of their investment. Their luxury approach revolves around their meticulous prep, process and product selection which are unique to each project and client as they execute a tailor-made result that lasts the test of time.

 

Why US?

  • 15 revenue streams: The services they provide are not just paint-based, they are also experts in various coatings, stains, drywall repair, restoration, carpentry and gutters. Their revenue streams include everything a high-end homeowner or business would need to maintain the perfect interior and exterior.

  • Strong Economics: Their concept offers unlimited potential to generate strong returns. In 2017, their average Gross Revenue was $2,168,435 with a Gross Profit of $455,897! Additionally, they have seen an average of 60% year-over-year sales increases since inception due to their turnkey business model

  • Low Cost, Low Overhead, Quick Ramp-Up: Franchise Owners can start their business for $90,000 and initially do not need employees as all jobs are completed by subcontracted crews. These crews supply all inventory including paint and equipment keeping overhead to a minimum. Also, they are home-based business, allowing for a quick ramp-up time of 30-90 days after signing an agreement!

  • Subcontractor Partnership Model: No need for their Owners to wrestle with the hassles of employees. They teach them how to qualify, partner, onboard, and retain subcontractors through their proven and effective subcontractor partnership training.

  • Niche Market: The high-end, luxury painting and contracting market is extremely underserved. Their affluent clientele own custom, high-end homes and businesses whether new, or full restoration projects, that value $1 Million or more. Meaning, they follow strict project minimums and only use high-quality products while offering the best customer service.

  • 10-Step Production Model: Their production model is designed to create a consistent and reliable service with an easy, enjoyable, and refreshing customer experience. Not only does this simplify the business for the Franchise Owner, but it also allows them to build loyalty with their customers and generate strong profits from their referrals and repeat business.

  • State-Of-The-Art Sales Software: Their technology platform, LIMEWare, creates a hub for all things related to owning and operating a LIME franchise. With LIMEWare, Franchise Owners can rely on a centralized mobile-based platform to gain insight and manage the ins and outs of their business. This encompassing CRM includes everything an Owner would need in terms of production and subcontractor management, estimating and pricing custom scopes of work, completing sales, and more!

Support

LIME Elite Academy is their two-phase initial training program. Phase one is held at their headquarters in Denver, CO and consists of 4 business days where they review estimating, contracts, customer service, production, reporting, the sales process, subcontractors partnerships, marketing, and leadership. The second phase is done entirely online and if a fully comprehensive review of everything taught during phase one. Phase two must be completed within 60 days of the business opening.

On-Going Support

Their cloud-based business management and communication platform enables their support team to communicate and provide resources in real time so their Franchise Owners can concentrate on building their business. Their support team assists with P&L's, cash flow management, local marketing, operations, strategic initiatives, digital materials, subcontracted crew management, and legal matters. Also, the LIMEWare platform measures KPIs and organizes the entire systems unit economics, giving transparency to best practices across the organization

Field Support

They provide field supprot for particular issues or complex jobs an Owner may come across. Their corporate team is here to take calls at any time when advice or additional instruction is needed.

Ideal Candidate

They are looking to partner with individuals that want purpose and fulfillment who are not necessarily driven by the bottom line, but rather has the understanding that the bottom line is a byproduct of providing an industry leading service and expertise. These are individuals who want to share their infectious culture and vision and who are inspired to steward heart-led empires as they scale and grow into multiple territories.

Franchise Owners do not need painting or contracting experience. Most owners will devote the majority of their time running and managing the business which is why a strong management background is emphasized. They must love people and be able to provide above and beyond customer service. They are also looking for the following characteristics:

  • Management and leadership experience

  • Ability to recruit and hire subcontracted crews

  • Strong business acumen

  • Understands sales and logistics

  • Has strong values and is community oriented

  • Possesses a passion for providing excellent customer service

  • Motivated, driven, and process oriented

  • Outgoing and friendly

  • Multi-unit capable

Complete this form to learn about the average revenue of this franchise!

 

 

 

 

 

Sarah Barker | SSB Consulting

Franchise Consultant  & Recruiting Specialist

Located in Boise, ID, but I work with clients in all states.

            208.724.1731

           Sarah@SSBconsulting.us

 

 

 

 

 

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