6/10

Franchimp Summary Rating

7 /10
Earnings Transparency
4 /10
Investment Accessibility
Higher than 67% of peers

Franchise Summary

Description
As a LIME Painting franchisee, you will operate a business that utilizes a distinctive selling system to offer and sell painting and substrate services to designated residential and commercial customers, and that may coordinate with sub-contractors to deliver the authorized products and services. ("LIME Business" or "Unit"). 0
Company Background
LIME is the world's fastest-growing painting service franchise. We are passionate about providing a superior customer experience and delivering exceptional value to our customers. LIME Painting(TM) has been recognized by Entrepreneur Magazine as one of America's top new franchises, ranked #1 in the U.S., with over 350 locations open worldwide, including 130 in North America--more than any other painting franchise on the market today. Our mission is to be the most trusted provider of quality paint services for residential and commercial properties around the globe.
Franchise Opportunity
Owning your own business is the American dream, but it's hard to know where to start or what to do. The thought of starting your own business can be incredibly daunting. You have no idea where to start and you're not sure if you have what it takes. LIME Franchise Systems offers a unique opportunity that takes all of the guesswork out of owning your own business. With our help, you will be able to operate a painting and substrate services business with a system that has been proven successful time and time again.
Corporate Structure
LIME Franchise Systems, LLC is a Colorado limited liability company that was formed on August 30, 2017. Their principal address is 5910 S. University Blvd., C-18 Unit 220, Greenwood Village, Colorado 80121. They have offered franchises for LIME Businesses since February 2018. Their parent company is LIME Holdings, LLC, a Colorado limited liability company.
Royalties and Marketing Fees

Royalties : 6.0% of revenue

Royalties : Currently, 1% of Gross Sales. May be increased by no more than 1% of Gross Sales per calendar year up to a maximum of 4% of Gross Sales

Royalties : Currently, 0% of Gross Sales. May be increased by no more than 1% of Gross Sales per calendar year up to a maximum of 4% of Gross Sales

Earnings Transparency

7 /10
This Franchise discloses slightly more information about the financial performance of their franchisees compared to other franchises in the same industry

Why do some franchises disclose more than others?
There are many reasons why a brand may choose to not include item 19 on their FDD: they could be a newer franchise, they may be in a unique industry that is not super profitable or well-known yet

Financial Performance of "Standard" Units

Average Revenue Per Unit

Compared vs. Decorating & Home Design Industry

$427,974 / unit

Franchise Type: Standard

Average Revenue During 2020

$427,974
$427,974
Industry Low
$2,682,512
Industry High

Average Gross Profit Per Unit

Compared vs. Decorating & Home Design Industry

$126,297 / unit

Franchise Type: Standard

Average Gross Profit During 2020

Franchise Types Available

# Type Investment Fees

Employee Contact Database

# Name Position Phone Number Email Address

Distribution of LIME Painting Franchisees

LIME Painting Franchise System Development in 2020

FAQ

How much investment do I need to start my own LIME Painting business?
Franchisees typically require at least $126 to $227 investment to get their LIME Painting business started
What are the initial franchise fees for LIME Painting?
Franchisees typically need to pay at least $90 in fees directly to LIME Painting in order to earn the right to launch their business
How much money can I make with a LIME Painting franchise? What are the average revenues for a typical LIME Painting business?
We estimate that the average revenue of an individual LIME Painting unit is approximately $427,974. We based this on Item 19 in franchise disclosure document
How long do I need to commit to running a LIME Painting unit? What is my contractual commitment?
The standard length for an initial franchise contract is 10 years. Renewals are also generally 10 years

Accessibility

4 /10
The Franchisor's investment costs ranges from $126,700 to $227,075 which is Much Higher than the $0 to $0 average in the Decorating & Home Design industry
What determines the investment cost?
Item 7 of the Franchise Disclosure Document lays out the full list of initial investment costs, including the fee payable to the franchisor, security deposits, equipment, professional fees etc

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