Franchise Deep Dive: Richard’s Painting Franchise Costs, Fees, Profit and Data

With its emphasis on premium service and a top-notch customer experience, Richard’s Painting is looking for enthusiastic franchisees (no experience required) to aid its plans for expansion in 2024.

By Chris IrbyCopy Editor

Updated 9:09AM • 04/30/24

LAST UPDATED: April 2024

FRANCHISE WEBSITE: richardspaintingfranchising.com

NUMBER OF LOCATIONS: 23

REPORTED COST TO GET IN: $58,450 - $105,450

REPORTED ROI (Item 19): N/A

Richard's Painting is a franchise that specializes in residential and commercial painting (interior and exterior), as well as pressure washing services. Founded in 2007 by Richard Gould, the business only recently began offering franchise opportunities in 2019. Richard's Painting proudly brands itself as "Your Neighborhood Painter."

How Many Richard’s Painting Locations Are There?

Richard’s Painting currently has 23 locations across 10 states in the U.S.

What Is the Richard’s Painting Franchise Business Model?

Richard’s Painting describes itself as a different type of painting franchise: “[W]e don’t go after low-end, price driven sales. We don’t force our owners to spend huge amounts on marketing. We don’t pull in any subcontractor we can get. We are unique and have a track record of making very successful and potentially high-margin painting franchises.”

Richard’s Painting brings a personable touch to the painting business. Rather than subcontracting, Richard’s Painting focuses on training and developing employees to provide top-notch service and a better overall customer experience. The goal is to shake hands with the clients, give sincere professional advice and make them feel like family.

Each Richard’s Painting location offers a wide range of residential and commercial services. In addition to its extensive painting services (interior, exterior and commercial), the brand also provides pressure washing, popcorn removal, drywall repair, and dock/deck staining services. Customers can use a custom app to get virtual estimates, order paint samples, pay their invoice or even see in advance how the new colors are going to look on their walls.

How Much Can Richard’s Painting Franchise Owners Make?

Richard’s Painting does not publicly provide any information about the earnings of its franchised outlets. Those interested in learning more about franchising opportunities with Richard’s Painting are invited to fill out a form on the website.

How Much Does It Cost To Open a Richard’s Painting Franchise?

The total initial investment required to open a Richard’s Painting location ranges from $58,450 to $105,450. The costs break down as follows:

Initial Franchise Fee: $30,000
Market Introduction Program: $2,500 - $5,000
Furniture, Fixtures and Equipment: $500 - $1,000
Computer Systems: $2,000 - $3,000
Insurance: $300 - $1,500
Vehicle: $500 - $20,000
Signage: $400 - $700
Office Expenses: $500 - $1,000
Inventory: $500 - $1,000
Licenses and Permits: $250 - $500
Dues and Subscriptions: $500 - $750
Professional Fees: $1,000 - $2,500
Travel, Lodging and Meals for Initial Training: $2,000 - $6,000
Additional Funds (3 Months): $15,000 - $25,000

What Is the Franchise Fee for Richard’s Painting?

Richard’s Painting charges a one-time franchise fee of $30,000. Owners must have $40,000 in liquid capital and an overall net worth of at least $80,000.

Who’s On the Richard’s Painting Leadership Team?

Richard Gould – Owner and Franchisor

What Helpful Articles Can I Read to Learn More About Richard’s Painting?

Disclaimer: This content is for informational purposes only. You should not construe any such information or other material as legal, tax, investment, financial, or other advice. Nothing contained on this site constitutes a solicitation, recommendation, endorsement, or offer to buy or sell any franchises, securities, or other financial instruments in this or in any other jurisdiction in which such solicitation or offer would be unlawful under the franchise and/or securities laws of such jurisdiction.

All content in this article is information of a general nature and does not address the detailed circumstances of any particular individual or entity. Nothing in the article constitutes professional and/or financial advice, nor does any information in the email constitute a comprehensive or complete statement of the matters discussed or the law relating thereto. You alone assume the sole responsibility of evaluating the merits and risks associated with the use of any information or other content in this article before making any decisions based on such information or other content.