Painter BrosFranchise Cost, Revenue & Review 2026
Data from FDD filing + SBA 7(a) records
FranchiseVerdict summary · 2026
A Painter Bros franchise requires a total initial investment of $235K – $1.2M, including a $75K franchise fee and an ongoing 5.0% royalty[2]. Per the 2025 FDD, average unit revenue was $462K[2]. Verdict grade: A. Run a live ROI scan →
Data last verified June 18, 2026 · figures per the 2025 FDD issuance
Overview
- Investment
- $235K – $1.2M
- 73rd pct Home Services
- Avg gross sales
- $462K
- 14th pct Home Services
- Royalty
- 5.0%
- 5th pct Home Services
- Units
- 30
- 33rd pct Home Services
- SBA default
- N/A
Quick verdict · Home Services · color = vs category peers
Green = >15% above Home Services avg · No shading = within ±15% · Red = >15% below avg · Source: FDD filings + SBA 7(a)
Data from public FDD filings and SBA records. Not financial advice. Methodology
At 0.6x revenue per dollar invested, this system underperforms the typical 1.5-2.5x range.
Franchised units fell from 29 to 2 over 3 years. Investigate why operators are leaving.
Bottom line
- Total investment $235K – $1.2M including a $75K franchise fee, 5.0% ongoing royalty.
- Average unit revenue of $462K/year (median $398K).
- Verdict A (Top Quintile) with a risk score of 24/100.
- System growing at 1000.0% CAGR over 3 years with 30 total units. Strong expansion trajectory.
Item 1 · who you're contracting with
The Franchisor
- Legal entity
- Painter Bros Franchising, LLC
- CEO title
- Founder and CEO
- Zach Tanner
- CEO experience
- 11 yrs
- Years in role or industry
- Founder active
- Yes
- Original founder still leading the business
- Incorporated in
- UT
- HQ
- 2801 N. Thanksgiving Way, Ste. 360, Lehi, Utah 84043
- Auditor
- Holsinger, P.C.
- Audited financials
- Franchisor revenue
- $431K
- vs $1.6M prior year
Overview
About
Franchisees operate painting service businesses offering residential and/or commercial interior/exterior painting, managing crews, coordinating customer jobs, handling estimates, and managing day-to-day operations. Daily activities include project management, crew supervision, customer relations, invoicing, and marketing within their protected territory.
- CEO
- Zach Tanner
- Headquarters
- UT
- Founded
- 2017
- FDD year
- 2025
- States available
- 16
FDD Item 7 · 2025 filing · 22 line items
Initial investment breakdown
| Line item | Low | High | |
|---|---|---|---|
| Initial Franchise Fee | $75K | $75K | |
| Application Fee | $250 | $2K | |
| AMPP CP Fundamentals of Protective Coatings (C1) Course | $1K | $2K | |
| AMPP CIP Level 1 Course Training | $3K | $3K | |
| Initial Training Fees and Travel, Lodging, Food, and Other Expenses While Training | $13K | $21K | |
| Painter Contractor License | $0 | $1K | |
| Rent (3 months of rent, plus a security deposit) | $0 | $7K | |
| Management/Admin Costs | $9K | $24K | |
| Office Supplies | $0 | $1K | |
| Computers, Hardware and Software | $9K | $11K | |
| Painting Equipment and Supplies | $0 | $5K | |
| Estimator's Vehicle | $0 | $50K | |
| Service Vehicle (Optional) | $0 | $30K | |
| Vehicle Decal/Wrap | $2K | $6K | |
| Misc. Opening Costs | $5K | $10K | |
| Insurance Premiums | $600 | $1K | |
| OSHA Compliance Setup and Service (3 months) | $680 | $680 | |
| Bookkeeper (3 months) | $1K | $2K | |
| Startup Package | $6K | $7K | |
| Initial Marketing Campaign | $8K | $30K | |
| Total initial investment | $235K | $443K |
Line items extracted from FDD Item 7. Ranges reflect the franchisor's stated low and high per line. Total is the sum of line-item lows / highs — actual costs may fall outside this range depending on market and build-out scope.
Single-unit · estimated
Returns at a glance
Indicative numbers using FDD Item 7 / Item 19 inputs and category-benchmarked cost ratios. Full single-unit, 25-unit portfolio, and LBO models (with every input editable to stress-test your own scenario) live on the financials page.
Store EBITDA · annual
$55K
12.0% margin
Unlevered ROIC
6%
EBITDA / total invested capital
Payback
16.9 yrs
cash-on-cash, unlevered
Item 7 · what it costs to open + operate
The Vitals
- Total investment
- $235K – $1.2M
- Below avg, review vs category
- Liquid capital req'd
- $100K – $300K
- Below avg, review vs category
- Franchise fee
- $75K – $275K
- Below avg, review vs category
- Royalty
- 5.0%
- Gross Sales · typical 6–8%
- Ad fund
- 2.0%
- typical 3–5%
- Total fee load
- 7.0%
- vs 9–13% typical
Ongoing fees · Item 6
| Fee | Amount |
|---|---|
| Royalty | 5.0% of gross sales |
| Marketing / ad fund | 2.0% of gross sales |
| Technology fee | $499 |
| Training fee | $13K |
| Transfer fee | $5K |
| Renewal fee | $38K |
| Total fee load | 7.0% of rev |
Financial Performance
- Avg gross sales
- $462K
- Per unit, per year
- Median gross sales
- $398K
- Item 19 type
- Affiliate-owned Outlets and Franchise Outlets
- Sample size
- 12 units
- vs category median 25 · small
- Range (low → high)
- $183K→$1.3M
- Cohort dispersion (min → max)
- Reporting year
- 2024
- Fiscal year the figures cover
- Transparency
- 4 / 5
- vs category median 4 / 5 · typical
Compared against 349 Home Services brands
Revenue is only 0.6x the investment. This means each unit may take 5+ years to recoup the initial outlay at typical margins.
vs Home Services averages
How Painter Bros Compares
Unit growth
Item 20 · unit dynamics
The Growth Chart
- Total units
- 30
- Opened
- 19
- Last reporting year
- Closed
- 0
- Terminated
- 0
- Franchisor ended the franchise (per Item 20)
- Non-renewed
- 0
- Term expired, not renewed (per Item 20)
- Turnover rate
- 0.0%
- Company-owned
- 1
- Corporate units in the system
- % franchised
- 97%
- vs corporate-owned
- Multi-unit owners
- 1.0%
- Net growth (yr3)
- +190.0%
- Net unit change last year
3-year detail · Item 20
- Transfers (3yr)
- 0
- Projected new
- 108
- Franchisor's next-year forecast
- Ceased ops
- 3.3%
- Units that stopped operating
Year-over-year franchised unit counts and net change. Source: FDD Item 20.
Item 20 · 30 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 contact records (FDD Item 20). Shows states with at least one current operator on file. Full state registration data (Item 12) will appear on a future FDD refresh.
Fast growth in a small system. Newer franchisors expanding quickly may not yet have the support infrastructure of larger systems.
SBA loan performance
Government records
SBA Loan Data
Aggregated from SBA 7(a) and 504 loan disclosures, public data unique to FranchiseVerdict.
- Total loans
- 23
- Loan volume
- $5.0M
- Median loan
- $226K
- 50th percentile
- Charge-off rate
- N/A
Historical SBA 7(a) lending data, not predictive of future performance. How SBA charge-off rates are calculated
- Repayment rate (PIF)
- N/A
- 5-yr charge-off
- N/A
- Loans approved 2021+
- Active lenders
- 5
- Defaults
- 0
Explore lender portfolios on Bank Reports or regional data on State Reports.
Premium insight
SBA Lending Report
Deep-dive into Painter Bros's SBA lending history: lender network, geographic footprint, interest rates, and more.
SBA Lending Report
- Principal loss rate and NAICS industry benchmark
- 5 lenders with concentration factor
- Per-state charge-off rates across 9 states
- Startup risk premium and job creation velocity
- 3-year lending trend
Instant access. No subscription.
Risk analysis
FranchiseVerdict rating + FDD Items 3, 5, 6, 12, 17
Risk & Legal
High-growth but opaque painting franchise with undisclosed profitability, questionable unit economics, and franchisor financial concerns that warrant intensive franchisee validation before investment.
Litigation (Item 3)
No litigation required to be disclosed
Bankruptcy (Item 4)
None disclosed
Audited financials (Item 21)
Yes · Holsinger, P.C.
Franchisor revenue (Item 21)
Franchisor entity revenue (not unit-level)
Supplier relationship · Items 8 & 16
- Franchisor sells you products: Yes
- Kickbacks from required suppliers: No
- Must buy proprietary products: Yes
- Restricted to system-approved products: Yes
- Can negotiate own supplier terms: No
Score breakdown · what drove the 24 / 100 rating
- 01MEDNo average net income disclosed in FDD Item 19 — impossible to assess actual profitability despite $461k average revenue
- 02MINORExtreme unit growth of 190% YoY suggests either aggressive recruitment or high churn; unsustainable growth rates often precede contraction
- 03MINORWide investment range ($234k–$1.24M) indicates inconsistent startup costs and undefined territory economics
- 04HIGHGoing Concern status is FALSE — suggests franchisor or parent company financial instability or restructuring risk
- 05MEDHigh franchise fee ($75k) relative to disclosed financials creates significant sunk cost before revenue generation begins
- 06MINOROnly 30 units total — small system size limits brand recognition, supply chain leverage, and support infrastructure
Severity inferred from the FDD text · not a regulatory classification
FDD Items 5, 6, 12, 17 · continued from Risk & Legal
Contract & Territory Detail
| Initial term | 10 years |
|---|---|
| Renewal term | 10 years |
| Territory type | Geographic area comprised of ZIP codes |
| Protected territory | Yes |
| Exclusive territoryℹ | No |
| Territory population | 250,000 |
| Online sales rights | Restricted |
| Franchisor can compete | Yes |
| Hire a manager? | Allowed |
| Owner-operator | Optional |
| Non-compete (years)ℹ | 3 years |
| Non-compete (miles)ℹ | 30 mi |
| Right of first refusalℹ | Yes |
| RoFR response window | 30 days |
| Transfer requires consent | Yes |
| Termination notice | 30 days |
| Mandatory arbitration | Yes |
| Arbitration location | Salt Lake City, Utah |
| Jury trial waiver | Yes |
| Governing law | Utah |
| Litigation count | 0 |
View Item 3 litigation summary
No litigation required to be disclosed
Items 10, 11
Training & Operations
- Classroom training
- 39 hrs
- On-the-job training
- 21 hrs
- Training location
- Off-site and On-site
- Ongoing training
- Required
- Time to open
- 6 mo
- From signing to launch
- POS system
- CRM
- Operating tech stack
Items 5 & 11
Franchisor Support
Technology: CRM
Item 20 · call current owners
Franchisee Contacts
60 owners to call
Name · phone · city · state. Extracted from FDD Item 20
FDD download
Painter Bros · FDD (2025) PDF
Frequently asked questions
Frequently Asked Questions
How much does it cost to open a Painter Bros franchise?
The total investment to open a Painter Bros franchise ranges from $235K – $1.2M, with an initial franchise fee of $75K. This includes real estate, equipment, inventory, and working capital as disclosed in their Franchise Disclosure Document (FDD).
What do Painter Bros franchise owners earn?
According to Item 19 of the Painter Bros FDD, the average gross sales per unit is $462K. The median is $398K. Note: this is gross revenue, not profit. Actual owner earnings vary based on location, operating costs, and management.
What is Painter Bros's franchise failure rate?
SBA 7(a) loan charge-off data is not available for Painter Bros (fewer than 10 loans on file). Charge-off rates are one way to gauge franchise risk, but not all franchise loans go through the SBA program. We recommend reviewing turnover and closure data in the FDD and speaking with current franchisees.
How many Painter Bros franchise locations are there?
As of their most recent FDD filing, Painter Bros has 30 total units in the United States, including 29 franchised units and 1 company-owned units. 19 new units were opened in the latest reporting year.
Is Painter Bros a good franchise to buy?
FranchiseVerdict rates Painter Bros as a A-grade franchise with a risk score of 24 out of 100, based on our analysis of investment costs, revenue data, SBA loan performance, and growth trends. Our rating is based solely on publicly available FDD and government data; we recommend speaking with current franchisees before making any investment decision. This is not investment advice.
Data sourced from public FDD filings and SBA 7(a) FOIA records. Not financial advice.
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Data extracted from public FDD filings and SBA 7(a) loan disclosures (FOIA). This information is provided for research purposes only and does not constitute financial, legal, or investment advice. Verify all figures with the franchisor's current Franchise Disclosure Document before making any investment decision.