Details
Overview and History
Wow 1 Day Painting is a franchise in the home services sector, offering a unique proposition: completing high-quality painting jobs in just one day. Founded by Brian Scudamore, the franchise has grown steadily since its inception, leveraging a proven business model that prioritizes efficiency, customer satisfaction, and a memorable service experience. The concept was inspired by the idea of providing fast, professional painting services without sacrificing quality.
Investment Breakdown
To start a Wow 1 Day Painting franchise, the initial investment ranges from $63,500 to $134,200. This includes the franchise fee, which can be between $20,000 and $60,000, depending on various factors like location and the size of the territory. Franchisees are also required to have a minimum net worth of $50,000 to $150,000 and liquid capital of $50,000 to $100,000. Ongoing costs include a 6% royalty fee and a 2% advertising royalty fee.
Industry Snapshot
The home improvement industry has seen steady growth, with services like painting remaining in consistent demand. The franchise benefits from a broad target market that includes homeowners, real estate agents, and property managers. Wow 1 Day Painting's emphasis on speed and quality sets it apart in a competitive market, appealing to customers who want quick, reliable results.
Brand Information
| Cost | $40,000 |
| Investment | $63,500 - $153,700 |
| Royalty Fee | 6% |
| Brand Fund Fee | 5.00% |
| Founded | 2010 |
| Franchising Since | 2010 |
| Locations | 42 |
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