Richard’s Painting
Formerly known as Restoration Partners Group
Bottom line
- Total investment $60K – $110K including a $40K franchise fee, 5.0% 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 4 loans (below the industry average).
- 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
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 Richard’s Painting unit return on the cash you put in?
Unlevered ROIC · per unit
88%
Above typical band (30–60%)
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.
Item 7 · what it costs
The Vitals
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
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 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
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.
Score breakdown · what drove the 62 / 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
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
26 numbers
One-time purchase · CSV download · Validation questions included
FDD download
Richard’s Painting · FDD (2025) PDF