We offer franchises for the operation of professional commercial and residential painting businesses under the name "WOW 1 DAY PAINTING. "
Company Background
WOW 1 DAY PAINTING is a franchised painting company that offers franchises to the operation of professional commercial and residential painting businesses. Founded in 2009, WOW 1 DAY PAINTING strives to offer an unparalleled customer experience with a focus on quality at a competitive price.
Franchise Opportunity
Painting is a service that's expensive and time-consuming to do yourself. It takes expertise, equipment, and materials. We've found the solution to this problem in Wow 1 Day Painting franchises. With our franchise model you can work with an experienced painting company to get your home painted professionally for much less than it would cost you if you did it yourself - without all the hassle! Our franchise business model offers everything required to run a successful painting business from marketing tools, customer acquisition strategies, technology systems (including mobile app), marketing materials including paint colors & color palettes, training programs and industry best practices. All of which are designed by experts who have been there before so that we can help you succeed quickly in this lucrative market!
Corporate Structure
WOW 1 DAY PAINTING LLC, a Washington limited liability company was formed on December 1, 2010 as 1-888-WOW-1 DAY! LLC. On March 5, 2014 we changed our name to WOW 1 DAY PAINTING LLC and we conduct business under that name. Our principal business address is 301 – 887 Great Northern Way, Vancouver, BC, V5T 4T5. We grant franchises to qualified candidates in the United States for the operation of franchises using the System and identified by the name WOW 1 DAY PAINTING and have offered these franchises since November 2010. We have no other business activities and have not operated businesses of the type being franchised. We are a wholly-owned subsidiary of WOW-1DAY! Painting Inc., a British Columbia, Canada corporation whose principal business address is also 301 – 887 Great Northern Way, Vancouver, BC, V5T 4T5.
Royalties and Marketing Fees
Royalties : 6% of Gross Revenue.Minimum Royalty will range from $2,000 to $4,200 per Subterritory
Royalties : 2% of Gross Revenue
Royalties : $800 to $3,500
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 "U.S. Franchisees" Units
Average Revenue Per Unit
Compared vs. Decorating & Home Design Industry
$516,299 / unit
Franchise Type: U.S. Franchisees
Average Revenue During 2020
$516,299
$262,039 Industry Low
$5,084,519 Industry High
Average Gross Profit Per Unit
Compared vs. Decorating & Home Design Industry
$220,460 / unit
Franchise Type: U.S. Franchisees
Average Gross Profit During 2020
$220,460
$126,297 Industry Low
$409,864 Industry High
Financial Performance of "Canadian Franchisees" Units
Average Revenue Per Unit
Compared vs. Decorating & Home Design Industry
$908,788 / unit
Franchise Type: Canadian Franchisees
Average Revenue During 2020
$908,788
$262,039 Industry Low
$5,084,519 Industry High
Average Gross Profit Per Unit
Compared vs. Decorating & Home Design Industry
$409,864 / unit
Franchise Type: Canadian Franchisees
Average Gross Profit During 2020
$409,864
$126,297 Industry Low
$409,864 Industry High
Franchisee Attrition
2 /10
This franchise's rate of attrition in 2020
of 16.67%
was
Much Higher
than the 6% in the Decorating & Home Design industry. Generally speaking, a higher rate of attrition represents a less stable franchise system and a lower rate of attrition indicates a more successful system
What's Included in franchise attrition?
We define the franchisee attrition rate as the sum of terminations, re-acquisitions by
franchisor, non-renewals, and ceased operations, divided by the number of outlest at the start of the year.
It is a strong indicator of the strength of the underlying operating model
Franchise Types Available
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Type
Investment
Fees
Employee Contact Database
#
Name
Position
Phone Number
Email Address
Franchise Disclosure Documents
FDD
Effective Date
Distribution of Wow 1 Day Painting Franchisees
Wow 1 Day Painting Franchise System Development in 2020
FAQ
How much investment do I need to start my own Wow 1 Day Painting business?
Franchisees typically require at least
$63,500 to
$134,200 investment to get their
Wow 1 Day Painting business started
What are the initial franchise fees for Wow 1 Day Painting?
Franchisees typically need to pay at least
$35,000 in fees directly to
Wow 1 Day Painting in order to earn the right to launch their business
How much money can I make with a Wow 1 Day Painting franchise? What are
the average revenues for a typical Wow 1 Day Painting business?
We estimate that the average revenue of an individual
Wow 1 Day Painting unit is approximately
$516,299. We based this on Item 19 in franchise disclosure
document
How long do I need to commit to running a Wow 1 Day Painting unit? What
is my contractual commitment?
Wow 1 Day Painting franchisees are typically required to sign up to a
5 year contract initially. The renewal length
is 5 years. You can of course exit early but
don’t expect to get any refund!
Accessibility
7 /10
The Franchisor's investment costs ranges from
$63,500 to $134,200
which is
Much Lower
than the $181,953 to $372,343 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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