Painting Franchise Investment
A major benefit of investing in a franchise is getting the acumen of the entire franchise family. You get to receive the benefit of skipping passed mistakes made by previous business owners and get right to business. A Harding’s Franchise Partner is part of the #DitchtheDiY revolution family. It’s a support network like none other and it’s part of your painting franchise investment.
Harding’s works with you to achieve the lowest possible opening cost. After all, it is about making you profitable, there is no need to bloat your opening costs on unnecessary capital costs. We get you where you need to be efficiently, so you can start making money as soon as possible.
Start Up Costs*
Franchise Fee:
A Harding’s Franchise Fee starts at $25,000.00 CAD for standard territory of up to a population base of 250,000 people and increases to $35,000.00 CAD for population bases greater than 250,000 people.
$25,000 – $35,000
Pre-Opening / Grand Opening Expense:
A marketing fee is attributed to your initial marketing campaign to promote your new business in your community and is based on your market size. The fee is used for digital, visual and direct marketing within your territory.
$5,000 – $15,000
Training:
Costs may vary based on your territory location and travel costs. There is no fee charged by Harding’s for Training. the estimate provided is your hard costs for the training period for your travel, accommodation and food allowance.
$2,000 – $4,000
Vehicle Acquisition Cost:
There a a few options available with your vehicle. All must meet Harding’s professional and colour criteria: Implement a current vehicle you already own, Finance a truck or van for use with your company or lease a truck or van for use with your company.
$0.00 – $65,000
Vehicle Wrap / Graphics:
The estimate to decal and/or wrap your company vehicle with Harding’s branded decals
$500 – $3,500
Equipment:
This estimate is to include such items as a computer or tablet to work from and complete estimates with, your cell phone, printer and other office equipment you may require. *Of course, you may choose to utilize equipment you may already have on hand.
$500 – $3,500
Insurance, Permits & Professional Fees:
This estimate is to include such items as Insurance, required Permits & Licenses and Professional Fees for legal and accounting.
$4,500 – $14,500
Total Start Up Estimate:
$37,500 – $140,500
*NOTE: These are estimated costs for an individual only, showing a low to high range of investment. Harding’s Services Inc. cannot guarantee the exact costs of opening each individual painting franchise. Multiple franchises purchased together will vary in cost. Estimates are compiled using previous Harding’s licenses or franchises. Your franchise may vary based on, the present-day economy and various other factors beyond Harding’s Services Inc. control. Regardless, payments are made weekly but may be changed to adjust for such things as holidays and/or month end dates.
What are the Royalty fees?
The royalty fee is 12% and includes a multitude of services and marketing initiatives. At Harding’s we want you to concentrate on making the sale with your client and not have to worry with the peripheral business. We take care of the marketing, payments, social media content and creation, digital advertising, business license(s), general liability insurance, work place insurance (depending on provincial restrictions), yearly uniform allowance, and yearly street signage allowance.
What Do I Get For My Investment?
MARKETING
Our marketing program is proven with core competencies in social, digital and traditional marketing methods that put Harding’s ahead of the competition. At the time of publishing this website, we have the 2nd most Google Reviews in Canada for a Painting company. We take pride in marketing our company; making it a recognized and trusted brand in Painting services.
HUMAN CAPITAL
Our proven system and branding has afforded us access to the best talent. We’ve built a culture that has painter’s wanting to work here over our competitors. We provide you with the toolkit to train, hire and establish yourself as the same within your territory.
LEAD FUNNELS
Our lead system is coupled with our marketing system to ensure that your sales leads and client data are directed right into your estimating software. Leaving you with time to close a lead instead of chasing one. Our follow up campaigns are automatic and generate loyal and repeat clients time and time again.
TRAINING & SUPPORT
Our ownership group has a combined 85 years of experience to establish a training program geared toward your success. We stand shoulder to shoulder with our franchise partners educating them at every step through their journey. We are your private business coaches.
INSURANCE
Harding’s operates in a unique way that is not seen in franchising. Although we recommend basic insurance to protect your company and its assets, Harding’s includes its franchise partners within it’s General Liability Insurance and your sub-contractors. So we are all protected under the Harding’s name for work completed as a Harding’s partner.