Five Star Painting franchise
2026 filing · April 1, 2026GrowingShares sales figures
Five Star Painting at a glance
A residential and commercial painting business serving homes and businesses in its territory. At the end of 2025 there were 245 Five Star Painting locations in the US, all franchised.
The business
- Franchisor
- FIVE STAR PAINTING SPV LLC
- The company that sells the franchises
- Franchisor based in
- Waco, Texas
What you pay
- Cost to open
- $82K–$195K
- Fee, build-out and opening working capital
- Franchise fee
- $45,000
- Paid once, when you sign
- Royalty
- 6%
- 6% of gross sales as a license fee, with minimum license fees, paid monthly
- Renewal fee
- $5,000
- When the agreement ends and you sign again
- Agreement length
- 10 years
- Territory
- Limited
- Limited protection
- Franchisor financing
- Some financing offered
Where it is
- US locations, 2025
- 245
- Franchised and company-owned
- Franchised
- 245
- Company-owned
- 0
- Change in 3 years
- +15
- Franchised locations, 2023–2025
- States
- 39
- Most in Florida, Texas and Georgia
From FIVE STAR PAINTING SPV LLC’s 2026 filing; SBA status from the SBA Franchise Directory, October 28, 2026.
Where it ranks
Five Star Painting among all franchises with the same figure.
| Figure | Five Star Painting | Among all franchises |
|---|---|---|
| Cost to open, midpointHalfway between the low and high estimate | $138,400 | Costs less than 79% of franchises |
| Franchise feePaid once, when you sign | $45,000 | Higher than 55% of franchises |
| RoyaltyShare of sales paid to the franchisor | 6% | Higher than 35% of brands with a set rate |
| US locationsFranchised and company-owned | 245 | More than 88% of franchises |
How much a Five Star Painting franchise costs
Opening one Five Star Painting costs an estimated $82,200 to $194,600. That covers the franchise fee and everything else needed to open, through the first months of working capital. It is one of the low-cost franchises.
Source: FIVE STAR PAINTING SPV LLC, 2026 filing, page 38
Five Star Painting franchise fee
The franchise fee is $45,000. You pay it when you sign the franchise agreement.
Source: FIVE STAR PAINTING SPV LLC, 2026 filing, page 24
Royalty and ongoing fees
| Royalty | 6% of gross sales as a license fee, with minimum license fees, paid monthly. |
|---|---|
| Transfer Fee | The greater of (i) $7,500 or (ii) 5% of the transfer sales price. |
| Renewal Fee | $5,000 |
| Training Fee as part of Buyer Commitment Agreement | $14,900 |
The typical franchise royalty is 6% of sales, plus 2% for marketing. See franchise fees and royalties to compare.
Source: FIVE STAR PAINTING SPV LLC, 2026 filing, page 27
Other fees as filed, from pages 30–31. The filing lists every fee, including late fees and audit costs.
Sales and earnings
Shares figures Five Star Painting publishes sales or earnings figures for its locations. The full tables, with notes on which locations are counted, are in its filing.
Source: FIVE STAR PAINTING SPV LLC, 2026 filing, page 73
SBA loans to Five Star Painting franchisees
Lenders approved 75 SBA-backed loans for Five Star Painting franchisees from 2014 to 2026, $11.6M in all: 74 7(a) loans and 1 504 loan. Of the 33 that have ended, 22 were paid in full and 11 were charged off (33.3%). The other 42 haven’t ended yet.
A charged-off loan is one written off as uncollectible. See SBA franchise loans for how 7(a) and 504 loans work.
Source: SBA 7(a) and 504 loan data, as of September 30, 2026
Growth and closures
Share of franchised locations, 2025 / 2023–2025. Typical means the median: half of brands are above it, half below.
| Measure | Five Star Painting | Typical painting brand | Typical franchise |
|---|---|---|---|
| GrowthNet change in franchised locations | 0% / +6.5% | −1.3% / +6.5% | +1.2% / +10% |
| ClosuresTerminated, not renewed or stopped operating | 4.5% / 13% | 11% / 38% | 3.9% / 16% |
| Bought backLocations the franchisor took back | 0% / 0% | 0% / 0% | 0% / 0% |
Typical painting brand is the median of the 11 brands in painting franchises with three years of counts.
How Five Star Painting compares
Of the 22 painting franchises on this site, Five Star Painting is the 6th cheapest to open and the 3rd largest by number of locations.
| Figure | Five Star Painting | Typical painting brand | Typical franchise |
|---|---|---|---|
| Cost to open, low end | $82K | $96K | $222K |
| Cost to open, high end | $195K | $165K | $477K |
| Franchise fee | $45K | $50K | $40K |
| Royalty | 6% | 6% | 6% |
| US locations | 245 | 42 | 21 |
| Shares earnings figures | Yes | 16 of 22 | 2,147 of 3,352 |
Typical is the median across the 22 brands in painting franchises; typical franchise, across every brand here.
Locations opened and closed
| Year | Franchised | Company-owned | Opened | Closed |
|---|---|---|---|---|
| 2021 | 225 (+10) | 0 | – | – |
| 2022 | 230 (+5) | 0 | – | – |
| 2023 | 234 (+4) | 0 | +14 | −10 |
| 2024 | 245 (+11) | 0 | +21 | −10 |
| 2025 | 245 (0) | 0 | +11 | −11 |
Closed or left counts terminations, non-renewals, locations bought back by the franchisor and locations that stopped operating.
See which brands grew most in the fastest-growing franchises rankings.
Five Star Painting passes four of the five tests on our list of the best franchises to own; more of its franchised locations closed or left than is typical.
Five Star Painting ranks number 15 of 28 on our list of the best low-cost franchises.
More in the guides: franchise failure rates.
Over 5 years, from the start of 2021 to the end of 2025, franchised locations went from 215 to 245 (+30, +14%). The earlier years come from the brand's 2024 filing.
Source: FIVE STAR PAINTING SPV LLC, 2026 filing, pages 76–77
2021–2022: FIVE STAR PAINTING SPV LLC, 2024 filing, page 76
Where Five Star Painting locations are
At the end of 2025, Five Star Painting had franchised locations in 39 states. The most are in Florida, Texas and Georgia.
- Florida32
- Texas32
- Georgia13
- Virginia12
- Ohio11
- Illinois10
| State | Franchised |
|---|---|
| Florida | 32 |
| Texas | 32 |
| Georgia | 13 |
| Virginia | 12 |
| Ohio | 11 |
| Illinois | 10 |
| Washington | 10 |
| New Jersey | 8 |
| Tennessee | 8 |
| Colorado | 7 |
All 39 states
Source: FIVE STAR PAINTING SPV LLC, 2026 filing, page 79
Who owns Five Star Painting?
Five Star Painting franchises are sold by FIVE STAR PAINTING SPV LLC.
Five Star Painting is one of the 19 Neighborly brands here. Investment firm KKR, which agreed in July 2021 to buy Neighborly from Harvest Partners.
From FIVE STAR PAINTING SPV LLC’s 2026 filing; Business Wire.
Lawsuits and bankruptcy
| Lawsuits and regulatory actions | Yes. The filing describes past or pending cases involving the franchisor, its affiliates or its executives on pages 22–23. |
|---|---|
| Bankruptcy | Other companies owned by its investor, KKR, have filed for bankruptcy. The franchisor itself has not. |
Franchisors must disclose lawsuits and bankruptcies involving the company, its parents and affiliates, and its executives. Many cases are routine disputes with franchisees over fees or contracts; read the descriptions in the filing and ask current owners about anything that worries you.
Source: FIVE STAR PAINTING SPV LLC, 2026 filing, litigation on pages 22–23, bankruptcy on page 23
Five Star Painting filings
A franchisor files a new disclosure each year it sells franchises. The figures on this page come from FIVE STAR PAINTING SPV LLC’s 2026 filing, issued April 1, 2026; the earlier ones below are on record with the Minnesota Department of Commerce and fill in older location counts.
| Filing | Issued | Registry | On this page |
|---|---|---|---|
| 2026 filing | April 1, 2026 | Minnesota | Costs, fees and locations, 2023–2025 |
| 2024 filing | – | Minnesota | Locations, 2021–2022 |
Each link opens the filing as a PDF. See the newest filings across all brands.
Other painting franchises
All painting franchises
Five Star Painting is also on these lists: home service franchises.
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