Bottom line
- Total investment $129K – $172K including a $60K franchise fee, 7.0% ongoing royalty.
- Average unit revenue of $6.7M/year (median $4.6M).
- Rated MODERATE with a risk score of 57/100. SBA loan default rate of 0.0% across 2 loans (below the industry average).
- Emerging franchise — only 3 years of franchising with 24 units. Early-stage systems carry higher risk but may offer better territory availability.
Item 1 · who you're contracting with
The Franchisor
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 Go Painting unit return on the cash you put in?
Unlevered ROIC · per unit
392%
Above typical band (30–60%)
Levered LBO scenario · Yale Crease Capital framing
What would 25 Go Painting units return on equity?
Equity IRR · 5-yr
29.5%
3.64× MOIC
Year-1 DSCR
2.74×
EBITDA ÷ debt service
Equity required
$9.0M
on $20.1M purchase
Total debt
$11.0M
SBA $5.0M + senior + seller note
Overview
About
Go Painting franchisees operate residential and/or commercial interior/exterior painting services, managing crews, client relationships, scheduling, and job execution. Day-to-day activities include estimating projects, coordinating labor, ensuring quality control, managing customer communication, and handling billing and administrative operations. Franchisees pay 7% of gross revenue in royalties regardless of profitability.
Item 7 · what it costs
The Vitals
Item 19
Financial Performance
Item 20 · unit dynamics
The Growth Chart
Year-over-year franchised unit counts and net change. Source: FDD Item 20.
Item 20 · 22 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).
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.
FranchiseVerdict rating + FDD Items 3, 5, 6, 12, 17
Risk & Legal
Go Painting presents elevated risk due to undisclosed net profitability, historical labor law violations in related entities, stagnant unit count, and lack of transparent financial performance data to justify $188k+ initial investment.
Score breakdown · what drove the 57 / 100 rating
- 01HIGHFLSA litigation settlement ($3.67M) indicates potential wage/labor compliance issues that may affect franchisee operations and liability exposure
- 02MINORNo net income disclosure (Item 19) prevents validation of actual profitability claims; average revenue of $668k may not translate to acceptable franchisee earnings after 7% royalty, operating costs, and labor
- 03MINOROnly 24 units with unknown growth trajectory suggests stagnant or declining system; insufficient scale to validate business model replicability
- 04MINORHigh initial investment ($128.7k-$172.2k) combined with $59.5k franchise fee ($188.2k-$231.7k total) and no profitability transparency creates significant downside risk
- 05HIGHLitigation history tied to Unforgettable Coatings (related entity) raises questions about corporate governance, compliance culture, and ongoing labor practice vulnerabilities
Severity inferred from the FDD text · not a regulatory classification
FDD Items 5, 6, 12, 17 · continued from Risk & Legal
Contract & Territory Detail
Item 11
Training & Operations
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
30 numbers
One-time purchase · CSV download · Validation questions included
FDD download
Go Painting · FDD (2025) PDF