FranchiseVerdict
COLOR WORLD PAINTING logo
FV-00598·MODERATEExcellent91

Color World Painting

Home Services - PaintingFranchising since 2016Website
Investment
$107K – $168K
52nd pct Painting
Avg revenue
$149K
0th pct Painting
Royalty
6.0%
10th pct Painting
Units
46
62nd pct Painting
SBA default

Bottom line

  • Total investment $107K – $168K including a $50K franchise fee, 6.0% ongoing royalty.
  • Average unit revenue of $149K/year (median $150K).
  • Rated MODERATE with a risk score of 62/100.
  • System contracting at -19.6% CAGR over 3 years. Investigate whether closures are franchisor-driven (consolidation) or franchisee-driven (economics).

Item 1 · who you're contracting with

The Franchisor

Legal entity
Color World New Franchise Systems, LLC
Parent company
Authority Brands, Inc.
Incorporated in
Delaware
HQ
7120 Samuel Morse Drive, Suite 300, Columbia, MD 21046
Auditor
PricewaterhouseCoopers LLP
Audited financials
Franchisor revenue
$291K
vs $375K prior year

Yale framework · single-unit ROIC

Returns Analysis

Pulls Item 7 (investment) and Item 19 (revenue) from this brand's FDD into the Yale unlevered-ROIC formula. Override any input to stress-test it against your own assumptions.

The model · Yale framework

What would one COLOR WORLD PAINTING unit return on the cash you put in?

Revenue · per unit, per year
$
FDD Item 19 reports $149,062
Franchisor take · royalty + ad fund
Royaltytyp 68%
%
Ad fundtyp 35%
%
Operating costs · category default: restoration
COGS
%
Labor
%
Rent / occupancy
%
Other operating
%
Total invested capital · what you actually put in
Initial investment
$
FDD Item 7: $107K–$168K
Working capital
$
FDD reports $20K–$50K

Unlevered ROIC · per unit

10%

Below typical band (30–60%)

0%30–60% Yale band80%

Store EBITDA · annual
$16K
EBITDA margin
11.0%
Total invested
$172K
Payback
126 mo
Unit-level only. A multi-unit portfolio gives up roughly 5–15% of this to shared services (corporate G&A) before reaching the ~10-unit break-even Yale describes.

Levered LBO scenario · Yale Crease Capital framing

What would 25 COLOR WORLD PAINTING units return on equity?

Edit assumptions

Equity IRR · 5-yr

49.9%

7.57× MOIC

Year-1 DSCR

1.88×

EBITDA ÷ debt service

Equity required

$119K

on $596K purchase

Total debt

$477K

SBA $0.3M + senior + seller note

Overview

About

COLOR WORLD PAINTING franchisees operate residential and commercial painting services, managing crews, scheduling jobs, coordinating with customers, and handling estimates and invoicing. Day-to-day activities include customer acquisition, job supervision, crew management, and maintaining service quality standards within their protected territory.

CEO
Stewart Vernon
Founded
2022
FDD year
2024
States available
11

Item 7 · what it costs

The Vitals

Total investment
$107K – $168K
All-in to open one unit
Liquid capital
$20K – $50K
Cash you must have on hand
Franchise fee
$50K
Royalty
6.0%
Gross Revenue · typical 6–8%
Ad fund
2.0%
typical 3–5%
Total fee load
8.0%
vs 9–13% typical

Item 19

Financial Performance

Avg gross sales
$149K
Per unit, per year
Median gross sales
$150K
Item 19 type
Historical
Sample size
11 units
vs category median 16
Range (low → high)
$27K$390K
Cohort dispersion
Transparency
6 / 5
vs category median 4 / 5 · above
Revenue rank0th
vs Home Services - Painting peers
Investment cost rank52th
Lower investment ranks lower (better)
Royalty rate rank10th
Lower royalty = lower percentile (better)
Unit count rank62th
vs Home Services - Painting peers
Risk score rank67th
Lower risk = lower percentile (better)

Item 20 · unit dynamics

The Growth Chart

Total units
46
Opened
12
Last reporting year
Closed
17
Turnover rate
37.0%
Company-owned
1
Corporate units in the system
% franchised
98%
vs corporate-owned
Net growth (yr3)
-10.0%
Net unit change last year
3-yr CAGR
-19.6%
Compounded over last 3 years
2022
45-5
Franchised units
2023
50
Franchised units
2024
56
Franchised units

Year-over-year franchised unit counts and net change. Source: FDD Item 20.

Item 20 · 14 states with active franchisees

The Territory Map

Derived from franchisee contact records. Shows states with at least one current operator — not where the franchisor is registered to sell new units (that data is re-extracting in a future refresh).

AK
ME
VT
NH
MA
RI
CT
NY
NJ
PA
DE
MD
DC
WA
OR
CA
NV
ID
MT
WY
UT
CO
AZ
NM
ND
SD
NE
KS
OK
TX
MN
IA
MO
AR
LA
WI
IL
MS
TN
MI
IN
KY
AL
OH
WV
GA
VA
NC
SC
FL
HI
Registered · 14 states
Not registered

States derived from franchisee phone area codes (Item 20). Approximate — ported numbers may show the original state, not the franchisee's current location.

Government records

SBA Loan Data

Aggregated from SBA 7(a) loan disclosures, public data unique to FranchiseVerdict.

No SBA loan data available for this brand.

FranchiseVerdict rating + FDD Items 3, 5, 6, 12, 17

Risk & Legal

62
Risk · 0-100
MODERATE62 / 100

Contracting franchise system with undisclosed profitability metrics and high relative fees creates elevated risk despite no litigation history.

Score breakdown · what drove the 62 / 100 rating

  1. 01MINORUnit count declining 10% YoY (46 units) indicates system contraction and potential franchisee dissatisfaction
  2. 02MEDNet income not disclosed in Item 19 — inability to assess actual profitability despite $149K avg revenue
  3. 03MINORHigh minimum royalty structure (6% or minimum) creates cash flow risk for lower-revenue locations
  4. 04MINORFranchise fee of $49,500 represents 33% of average revenue in first year, requiring significant ramp time
  5. 05HIGHNo going concern statement suggests franchisor financial stability concerns
  6. 06MINORSmall system size (46 units) limits brand recognition and support infrastructure scalability

Severity inferred from the FDD text · not a regulatory classification

FDD Items 5, 6, 12, 17 · continued from Risk & Legal

Contract & Territory Detail

Territory
Population-based (Single-Family Dwelling Units)
Protected territory
Yes
Initial term
10 years
Renewal term
10 years
Online sales rights
Restricted
Franchisor can compete
Yes
Hire a manager?
Allowed
Litigation count
0
Right of first refusal
Yes
Franchisor can buy back on resale
Mandatory arbitration
Yes
Jury trial waiver
Yes
Non-compete
2 yrs
Post-termination restriction
Owner-operator
Required
Governing law
Maryland

Item 11

Training & Operations

Classroom training
36 hrs
On-the-job training
40 hrs
POS system
QuickBooks online and designated CRM software
Operating tech stack

Item 20

Franchisee Contacts

Phone numbers extracted directly from this brand's FDD Item 20. After purchase, you'll also receive a list of validation questions tailored to this brand.

Franchisee contacts

29 numbers

Locked
(307) 630-••••
WY
(817) 374-••••
TX
(954) 533-••••
FL

One-time purchase · CSV download · Validation questions included

FDD download

COLOR WORLD PAINTING · FDD (2024) PDF

Single-page checkout · instant download · CSV export of contacts available separately above