Richard’s PaintingFranchise Cost, Revenue & Review 2026
Data from FDD filing + SBA 7(a) records
FranchiseVerdict summary · 2026
A Richard’s Painting franchise requires a total initial investment of $60K – $110K, including a $40K franchise fee and an ongoing 5.0% royalty[2]. Per the 2025 FDD, average unit revenue was $571K[2]. Verdict grade: A. Run a live ROI scan →
Data last verified June 18, 2026 · figures per the 2025 FDD issuance
Overview
- Investment
- $60K – $110K
- 11th pct Home Services
- Avg gross sales
- $571K
- 19th pct Home Services
- Royalty
- 5.0%
- 5th pct Home Services
- Units
- 22
- 27th 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
Each dollar invested generates 6.7x in gross revenue, well above the typical 1.5-2.5x range.
Bottom line
- Total investment $60K – $110K including a $40K franchise fee, 5.0% ongoing royalty.
- Average unit revenue of $571K/year.
- Verdict A (Top Quintile) with a risk score of 34/100.
- System growing at 90.9% CAGR over 3 years with 22 total units. Strong expansion trajectory.
Item 1 · who you're contracting with
The Franchisor
- Legal entity
- RPG Franchising, LLC
- Incorporated in
- NC
- HQ
- 112 E. Council Street, Salisbury, North Carolina 28144
- Auditor
- Metwally CPA PLLC
- Audited financials
- Franchisor revenue
- $90K
- vs $257K prior year
Affiliated brands
- maintains a pr
- is the owner of the Licensed Marks
Other brands the franchisor or its parent operates (Item 1).
Overview
About
Franchisees operate residential and commercial painting services, managing crews, scheduling jobs, sourcing materials, and handling customer acquisition and retention. Day-to-day operations involve project estimation, quality control, customer service, and crew management across a protected geographic territory.
- CEO
- Richard Gould
- Headquarters
- NC
- Founded
- 2018
- FDD year
- 2025
- States available
- 9
FDD Item 7 · 2025 filing · 14 line items
Initial investment breakdown
| Line item | Low | High | |
|---|---|---|---|
| Initial Franchise Feenot refundable | $40K | $40K | |
| Storage Unit | $0 | $300 | |
| Lease Deposits - Three Months | $0 | $3K | |
| Furniture, Fixtures, and Equipment | $500 | $1K | |
| Initial Inventory | $500 | $1K | |
| Printing, Stationery, and Office Expenses | $1K | $2K | |
| Computer, Software, and Business Management System | $1K | $2K | |
| Service Vehicle | $700 | $20K | |
| Start-Up Marketing | $3K | $5K | |
| Insurance Deposits - Three Months | $750 | $2K | |
| Travel for Initial Training | $2K | $6K | |
| Professional Fees | $1K | $3K | |
| Licenses and Permits | $250 | $500 | |
| Additional Funds - Three Months | $10K | $25K | |
| Total initial investment | $60K | $110K |
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
$69K
12.0% margin
Unlevered ROIC
67%
EBITDA / total invested capital
Payback
18 mo
cash-on-cash, unlevered
Item 7 · what it costs to open + operate
The Vitals
- Total investment
- $60K – $110K
- Better than avg vs category
- Liquid capital req'd
- $10K – $25K
- Better than avg vs category
- Franchise fee
- $40K – $40K
- Better than avg 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 | $500 |
| Training fee | $500 |
| Transfer fee | $10K |
| Renewal fee | $8K |
| Inventory (initial) | $500 – $1K |
| Total fee load | 7.0% of rev |
Financial Performance
- Avg gross sales
- $571K
- Per unit, per year
- Median gross sales
- N/A
- Item 19 type
- gross_sales
- Sample size
- 16 units
- vs category median 25
- Range (low → high)
- $81K→$1.1M
- Cohort dispersion (min → max)
- Transparency tier
- limited
- Categorical assessment of disclosure depth
- Transparency
- 0 / 5
- vs category median 4 / 5 · below
Compared against 349 Home Services brands
Revenue is 6.7x the investment midpoint. At typical franchise margins, this suggests a payback under 3 years.
vs Home Services averages
How Richard’s Painting Compares
Unit growth
Item 20 · unit dynamics
The Growth Chart
- Total units
- 22
- Opened
- 5
- Last reporting year
- Closed
- 1
- Turnover rate
- 4.5%
- Company-owned
- 1
- Corporate units in the system
- % franchised
- 96%
- vs corporate-owned
- Net growth (yr3)
- +23.5%
- Net unit change last year
- 3-yr CAGR
- +90.9%
- Compounded over last 3 years
3-year detail · Item 20
- Opened (3yr)
- 4
- Closed (3yr)
- 1
- Terminated (3yr)
- 0
- Non-renewed (3yr)
- 0
- Transfers (3yr)
- 0
- Reacquired (3yr)
- 0
- Franchisor bought back
- Ceased ops
- 5.6%
- Units that stopped operating
Year-over-year franchised unit counts and net change. Source: FDD Item 20.
Item 20 · 13 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 loan disclosures. This brand has only 4 7(a) loans on file; statistical reliability is limited below 10 loans.
- Total loans
- 4
- Loan volume
- N/A
- Amount data pending
- Median loan
- N/A
- 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
- 0
- Defaults
- 0
Explore lender portfolios on Bank Reports or regional data on State Reports.
Premium insight
SBA Lending Report
Deep-dive into Richard’s Painting's SBA lending history: lender network, geographic footprint, interest rates, and more.
SBA Lending Report
- Principal loss rate and NAICS industry benchmark
- 1 lenders with concentration factor
- Per-state charge-off rates across 2 states
- Startup risk premium and job creation velocity
- 1-year lending trend
Instant access. No subscription.
Risk analysis
FranchiseVerdict rating + FDD Items 3, 5, 6, 12, 17
Risk & Legal
Richard's Painting presents elevated risk due to recent regulatory enforcement action, complete absence of financial disclosure, modest unit growth, and opaque unit economics—warranting extreme caution before investment.
Litigation (Item 3)
0 case reference(s): 0 pending, 0 settled.
Largest disclosed settlement: $1,000
Bankruptcy (Item 4)
None disclosed
Audited financials (Item 21)
Yes · Metwally CPA PLLC
Franchisor revenue (Item 21)
Franchisor entity revenue (not unit-level)
Supplier relationship · Items 8 & 16
- Franchisor sells you products: No
- Must buy proprietary products: No
- Restricted to system-approved products: Yes
Score breakdown · what drove the 34 / 100 rating
- 01MINORRecent SEC enforcement action (2024 Consent Order) indicates regulatory compliance failures in franchise sales practices
- 02MEDFinancial performance metrics (revenue and net income) completely undisclosed—unable to assess unit economics or ROI potential
- 03MINORFranchise fee of $39,950 plus total investment up to $109,500 with no Item 19 disclosure creates opaque risk-return profile
- 04MEDModest unit growth of 23.5% YoY from small base (22 units) suggests limited system maturity and brand recognition
- 05MINOR10-year term is longer than industry standard (5-7 years), locking franchisees into relationship with compliance-challenged franchisor
- 06HIGHNo 'Going Concern' flag is positive, but combined with other factors suggests operational viability questions
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 |
| Allowed renewalsℹ | 1 |
| Territory type | Radius |
| Protected territory | Yes |
| Territory population | 250,000 |
| Online sales rights | Restricted |
| Franchisor can compete | Yes |
| Hire a manager? | Allowed |
| Owner-operator | Required |
| Non-compete (years)ℹ | 2 years |
| Right of first refusalℹ | Yes |
| Termination notice | 30 days |
| Curable defaultsℹ | 2 |
| Mandatory arbitration | Yes |
| Jury trial waiver | Yes |
| Governing law | North Carolina |
| Litigation count | 1 |
View Item 3 litigation summary
0 case reference(s): 0 pending, 0 settled.
Items 10, 11
Training & Operations
- Classroom training
- 36 hrs
- On-the-job training
- 38 hrs
- Training location
- On-site and corporate
- Site selection
- franchisee
- Franchisor financing
- Offered
- Item 10
- POS system
- Business Management System
- Operating tech stack
Items 5 & 11
Franchisor Support
Technology: Business Management System
Item 20 · call current owners
Franchisee Contacts
26 owners to call
Name · phone · city · state. Extracted from FDD Item 20
FDD download
Richard’s Painting · FDD (2025) PDF
Frequently asked questions
Frequently Asked Questions
How much does it cost to open a Richard’s Painting franchise?
The total investment to open a Richard’s Painting franchise ranges from $60K – $110K, with an initial franchise fee of $40K. This includes real estate, equipment, inventory, and working capital as disclosed in their Franchise Disclosure Document (FDD).
What do Richard’s Painting franchise owners earn?
According to Item 19 of the Richard’s Painting FDD, the average gross sales per unit is $571K. Note: this is gross revenue, not profit. Actual owner earnings vary based on location, operating costs, and management.
What is Richard’s Painting's franchise failure rate?
SBA 7(a) loan charge-off data is not available for Richard’s Painting (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 Richard’s Painting franchise locations are there?
As of their most recent FDD filing, Richard’s Painting has 22 total units in the United States, including 11 franchised units and 1 company-owned units. 5 new units were opened in the latest reporting year.
Is Richard’s Painting a good franchise to buy?
FranchiseVerdict rates Richard’s Painting as a A-grade franchise with a risk score of 34 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.