Premium Painters franchise
2024 filing · April 2, 2024Fewer locations
Premium Painters at a glance
A residential and commercial painting and property maintenance business. At the end of 2023 there were 9 Premium Painters locations in the US, 7 franchised and 2 company-owned.
The business
- Franchisor
- Premiumdepot.com, Inc
- The company that sells the franchises
- Franchising since
- 2014
- 10 years of selling franchises
- Franchisor based in
- Hobe Sound, Florida
What you pay
- Cost to open
- $83K–$139K
- Fee, build-out and opening working capital
- Franchise fee
- $35,000
- Paid once, when you sign
- Royalty
- 5%–6% + minimum
- The greater of $250 a month or 6% of gross sales on the first $1,500,000 each year and 5% above, plus up to 2% to a brand fund if one is set up
- Brand fund
- Yes
- Up to 2% of gross sales, if a fund is set up
- Agreement length
- 5 years
- Territory
- Limited
- Limited protection
- Franchisor financing
- None offered
Where it is
- US locations, 2023
- 9
- Franchised and company-owned
- Franchised
- 7
- Company-owned
- 2
- Change in 3 years
- −1
- Franchised locations, 2021–2023
- States
- 2
- Most in Florida and Virginia
From Premiumdepot.com, Inc’s 2024 filing; SBA status from the SBA Franchise Directory, October 28, 2026.
Where it ranks
Premium Painters among all franchises with the same figure.
| Figure | Premium Painters | Among all franchises |
|---|---|---|
| Cost to open, midpointHalfway between the low and high estimate | $110,500 | Costs less than 85% of franchises |
| Franchise feePaid once, when you sign | $35,000 | Lower than 61% of franchises |
| US locationsFranchised and company-owned | 9 | Fewer than 63% of franchises |
How much a Premium Painters franchise costs
Opening one Premium Painters costs an estimated $82,500 to $138,500. 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.
The biggest costs are initial franchise fee ($35,000) and sales vehicle ($7,500 to $20,000). Here is every line of the estimate as filed:
| What it pays for | Range | Low | High |
|---|---|---|---|
| Initial Franchise Fee | $35,000 | ||
| Equipment | $8,000 | $14,000 | |
| Sales Vehicle | $7,500 | $20,000 | |
| Job Box | $3,000 | $10,000 | |
| Computer Equipment and software | $4,000 | $9,000 | |
| Business Licenses and Permits | $1,000 | $1,500 | |
| Professional Fees | $2,000 | $7,000 | |
| Insurance – 3 months | $1,000 | $3,000 | |
| Training Expenses | $1,000 | $4,000 | |
| Grand Opening Marketing | $5,000 | $10,000 | |
| Real Estate and Improvements | $5,000 | $10,000 | |
| Additional Funds – 3 Months | $10,000 | $15,000 | |
| Total | $82,500 | $138,500 | |
Source: Premiumdepot.com, Inc, 2024 filing, page 12
Premium Painters franchise fee
The franchise fee is $35,000. You pay it when you sign the franchise agreement.
Source: Premiumdepot.com, Inc, 2024 filing, page 8
Royalty and ongoing fees
| Royalty | The greater of $250 a month or 6% of gross sales on the first $1,500,000 each year and 5% above, plus up to 2% to a brand fund if one is set up. |
|---|---|
| Brand or marketing fund | Up to 2% of gross sales, if a fund is set up. |
| Software License Fee | Currently $1,200 |
| Transfer Fee | The greater of 25% of the then-current franchise fee or $25,000 |
| Training Fee | Currently $250 per person per day plus our costs and travel expenses |
| Local Advertising | 5% of Gross Sales |
The typical franchise royalty is 6% of sales, plus 2% for marketing. See franchise fees and royalties to compare.
Source: Premiumdepot.com, Inc, 2024 filing, page 9
Other fees as filed, from pages 9–10. The filing lists every fee, including late fees and audit costs.
Sales and earnings
No figures Premium Painters does not share sales or profit figures for its locations. Talking to current and former franchise owners is the usual way to learn what a location earns.
Source: Premiumdepot.com, Inc, 2024 filing, page 39
Growth and closures
Share of franchised locations, 2023 / 2021–2023. Typical means the median: half of brands are above it, half below.
| Measure | Premium Painters | Typical painting brand | Typical franchise |
|---|---|---|---|
| GrowthNet change in franchised locations | −13% / −13% | −1.3% / +6.5% | +1.2% / +10% |
| ClosuresTerminated, not renewed or stopped operating | 38% / 38% | 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 Premium Painters compares
Of the 22 painting franchises on this site, Premium Painters is the 7th cheapest to open and the 18th largest by number of locations.
| Figure | Premium Painters | Typical painting brand | Typical franchise |
|---|---|---|---|
| Cost to open, low end | $83K | $96K | $222K |
| Cost to open, high end | $139K | $165K | $477K |
| Franchise fee | $35K | $50K | $40K |
| US locations | 9 | 42 | 21 |
| Shares earnings figures | No | 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 | 8 (0) | 2 | 0 | 0 |
| 2022 | 8 (0) | 2 | 0 | 0 |
| 2023 | 7 (−1) | 2 | +2 | −3 |
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.
More in the guides: franchise failure rates.
Source: Premiumdepot.com, Inc, 2024 filing, pages 39–40
Where Premium Painters locations are
At the end of 2023, Premium Painters had locations in 2 states. The most are in Florida and Virginia.
- Florida8
- Virginia1
Source: Premiumdepot.com, Inc, 2024 filing, page 40
Who owns Premium Painters?
Premium Painters franchises are sold by Premiumdepot.com, Inc.
From Premiumdepot.com, Inc’s 2024 filing.
Lawsuits and bankruptcy
| Lawsuits and regulatory actions | None. The filing says no litigation has to be disclosed. |
|---|---|
| Bankruptcy | None. The filing says no bankruptcy has to be disclosed. |
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: Premiumdepot.com, Inc, 2024 filing, litigation on page 8, bankruptcy on page 8
Premium Painters filings
The figures on this page come from Premiumdepot.com, Inc’s 2024 filing, issued April 2, 2024, on record with the NASAA Electronic Filing Depository.
| Filing | Issued | Registry | On this page |
|---|---|---|---|
| 2024 filing | April 2, 2024 | NASAA depository | Costs, fees and locations, 2021–2023 |
Each link opens the filing as a PDF. See the newest filings across all brands.
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Premium Painters is also on these lists: home service franchises.