FranchiseVerdict
PAINT CORPS logo
FV-01868·MODERATEExcellent81

Paint Corps

Home Services - PaintingFranchising since 2022Website
Investment
$131K – $182K
76th pct Painting
Avg revenue
62nd pct Painting
Royalty
7.0%
57th pct Painting
Units
11
19th pct Painting
SBA default
0.0%
vs <3% typical

Bottom line

  • Total investment $131K – $182K including a $50K franchise fee, 7.0% ongoing royalty.
  • No Item 19 financial performance data disclosed — the franchisor chose not to publish revenue figures.
  • Rated MODERATE with a risk score of 62/100. SBA loan default rate of 0.0% across 2 loans (below the industry average).
  • No Item 19 financial performance representation. Without franchisor-disclosed revenue data, you'll need to gather unit economics directly from existing franchisees.

Item 1 · who you're contracting with

The Franchisor

Legal entity
PAINT CORPS Franchise Group LLC
Parent company
Veteran Franchise Group LLC and American Veteran Painting LLC
Incorporated in
New Hampshire
HQ
13 Columbia Drive, Suite 19, Amherst, New Hampshire 03031
Auditor
Penchansky & Co. PLLC
Audited financials
Franchisor revenue
$219K
vs $366K 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 PAINT CORPS unit return on the cash you put in?

Revenue · per unit, per year
$
Item 19 not disclosed — typing your own estimate
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: $131K–$182K
Working capital
$
FDD reports $36K–$45K

Unlevered ROIC · per unit

44%

In Yale's "attractive" band (30–60%)

0%30–60% Yale band80%

Store EBITDA · annual
$86K
EBITDA margin
11.5%
Total invested
$197K
Payback
27 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.

Overview

About

Paint Corps franchisees operate residential and/or commercial painting service businesses, managing crews, scheduling jobs, sourcing materials, and executing interior/exterior paint projects. Day-to-day activities include customer acquisition, project bidding, quality control, crew management, and invoice processing within a protected geographic territory.

CEO
Burgess Perry
Founded
2021
FDD year
2025
States available
5

Item 7 · what it costs

The Vitals

Total investment
$131K – $182K
All-in to open one unit
Liquid capital
$36K – $45K
Cash you must have on hand
Franchise fee
$50K
Royalty
7.0%
Percentage of Gross Sales · typical 6–8%
Ad fund
0.5%
typical 3–5%
Total fee load
7.5%
vs 9–13% typical

Item 19

Financial Performance

This franchisor did not disclose financial performance representations in Item 19, or our extractor could not parse them.

Item 20 · unit dynamics

The Growth Chart

Total units
11
Opened
2
Last reporting year
Closed
0
Turnover rate
0.0%
Company-owned
3
Corporate units in the system
% franchised
73%
vs corporate-owned
Net growth (yr3)
+14.3%
Net unit change last year
3-yr CAGR
+14.3%
Compounded over last 3 years
2023
8+2
Franchised units
2024
7
Franchised units
2025
7
Franchised units

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

Item 20 · 9 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 · 9 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.

Total loans
2
Loan volume
Avg loan
Default rate
0.0%
vs <3% typical · system-wide
5-yr default

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

Risk & Legal

62
Risk · 0-100
MODERATE62 / 100

Early-stage painting franchise with minimal operational transparency, no financial benchmarks, questionable franchisor financial health, and insufficient unit density to validate the business model.

Score breakdown · what drove the 62 / 100 rating

  1. 01MINORNo average revenue or net income disclosure (Item 19) — cannot validate ROI claims or benchmark performance
  2. 02MEDOnly 11 units system-wide with modest 14.3% YoY growth — indicates nascent/struggling system with limited operational data
  3. 03HIGHGoing Concern status is False — suggests potential financial instability at franchisor level
  4. 04MINORHigh initial investment ($130,950–$182,400) relative to tiny unit base creates elevated franchisee risk
  5. 05MED7-year term with protected territory may lock franchisees into underperforming locations with limited exit options
  6. 06MINORTiered royalty structure (7%→6%→5%) incentivizes franchisees to reach $500K+ revenue quickly or face higher percentage cost burden

Severity inferred from the FDD text · not a regulatory classification

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

Contract & Territory Detail

Territory
Geographic area based on population
Protected territory
Yes
Initial term
7 years
Renewal term
7 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
New Hampshire

Item 11

Training & Operations

Classroom training
24 hrs
On-the-job training
40 hrs

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

12 numbers

Locked
(615) 667-••••
TN
(720) 803-••••
CO
(813) 906-••••
FL

One-time purchase · CSV download · Validation questions included

FDD download

PAINT CORPS · FDD (2025) PDF

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