How to Start a Painting Business in 6 Steps

Learn how to start a painting business in only six steps, plus some tips for making the process easier.

A Vibrant Opportunity

We are on the cusp of a shift in housing ownership. While home ownership has long been dominated by baby boomers, millennials are gaining ground. Millennials also recently surpassed baby boomers as the largest living adult generation, Pew Research reports. As millennials turn 40, they are starting to purchase their own homes and they’re focused on generating a return on their investment. To increase their home values, millennials are relying on home renovation.

The home services market generates $506 billion in the U.S., including $420.8 billion in home improvement and renovation spending, according to Angi. Interior painting was one of the top three home remodeling choices in 2022.

Multiple Revenue Streams

There are a variety of revenue streams to pursue in the painting industry, including residential, commercial, and even new construction options. When deciding what painting jobs to work on, it's important to consider your skills, market demand, and resources, as well as the needs and preferences of your target market. For example, if you have more experience with residential interior painting, you may want to focus on those types of jobs first. Some new painting business

owners may want to start small by focusing on residential or interior painting before tackling large, commercial projects.

Getting Started

Starting a painting business can be an exciting and rewarding venture and can help you determine the type of painting business you pursue. It takes time, effort, and dedication. A painting franchise offers the benefits of starting a business in the home services industry, coupled with the training, support, and guidance you need to be successful. If you’re interested in exploring how to start a painting business by franchising, here are some steps to get started.

  1. Research franchises. Start by researching different franchises in industries in high demand. Look for painting franchises that are reputable, have a proven track record of success, and offer training and support to franchisees.
  2. Determine your budget. Determine how much you can afford to invest in a franchise. Consider not only the initial franchise fee but also ongoing fees, such as royalties and marketing expenses. You can find detailed information on the franchise agreement in the Franchise Disclosure Document (FDD). The FDD will outline the terms of your relationship with the franchisor, including the initial investment, ongoing fees, and your rights and responsibilities as a franchisee.
  3. Evaluate the franchise opportunity. Evaluate the franchise opportunity carefully. Consider factors such as the franchisor's reputation, the strength of the brand, the level of support offered, and the potential profitability of the franchise.
  4. Talk to franchisees. Once you identify franchises that interest you and fit within your budget, you’ll want to talk to existing franchisees to gain insights and advice. They can share best practices and their own experiences on jobs, hiring employees, and how long it took them to hit financial milestones. Most franchisors will supply a list; you can also find their contact information in Item 20 of the FDD.
  5. Attend a discovery day. Many franchisors offer discovery days, where prospective franchisees meet with leadership and other representatives from the franchisor to learn more about the franchise opportunity. This is a great time to ask questions and get a feel for the franchisor's culture and values.
  6. Get professional advice. It's important to get advice from an independent franchise attorney and accountant before signing any franchise agreement. They can help you understand the legal and financial implications of the agreement and ensure there are no surprises.

Paint a Path to Success

Premium Service Brands provides the tools you need to start a lucrative painting business. 360° Painting is a recession-resistant business with multiple revenue streams. Our franchise

businesses offer painting services to both residential and commercial customers. We have the tools and techniques franchise owners need to serve their local communities. 360° Painting consultants provide everything you need to start and manage your new franchise. We have business management software, as well as cost and supply-estimating technology. In addition to training in sales and marketing, we help franchisees recruit employees and subcontractors and provide the latest tips on painting techniques.

We require an initial investment of $101,350 to $145,000, including vehicle expenses, insurance, business licensing, grand opening advertising, office supplies, equipment, and more. Our call center helps generate leads and allows you to focus on growth.

Curious about starting a painting business with 360° Painting? Find out more and view available territories. Get started today.