Richard’s Painting Franchise Cost, Revenue & Review 2026
Data from FDD filing + SBA 7(a) records
Analysis by FranchiseVerdict Research · Methodology
Richard's Painting is a home services franchise offering residential and commercial interior and exterior painting. Franchisees run local operations, managing sales estimates, painting crews, and customer accounts.
FranchiseVerdict summary · 2026
A Richard’s Painting franchise requires a total initial investment of $60K – $110K, including a $5K – $40K franchise fee and an ongoing 5.0% royalty[2]. The 2025 FDD does not disclose unit-level revenue (no Item 19). FranchiseVerdict grade: A (Strongest tier), an editorial assessment, not investment advice. Run a live ROI scan →
Data last verified · figures per the 2025 FDD issuance
Overview
- Investment
- $60K – $110K
- 12th pct Home Services
- Avg gross sales
- N/A
- Royalty
- 5.0%
- 5th pct Home Services
- Units
- 22
- 30th pct Home Services
- SBA charge-off
- N/A
Quick verdict · Home Services · color = vs category peers
Green = favorable by >10% vs Home Services avg · No shading = within ±10% · Red = unfavorable by >10% · Source: FDD filings + SBA 7(a)
Data from public FDD filings and SBA records. Not financial advice. Methodology
Bottom line
- COSTTotal investment $60K – $110K including a $40K franchise fee, 5.0% ongoing royalty.
- RETURNSPages p179-p183 contain Franchise Agreement exhibits only (Assignment, ACH Authorization Form, General Release) for Richard's Painting / RPG Franchising, LLC (Multi-State FDD April 30, 2025). No audited financial statements, balance sheet, income statement, or Independent Auditor's Report appear in this page range, so no financial figures could be extracted.
- RISKVerdict A (Strongest tier), verdict score 71/100 (higher is better).
- GROWTHSystem growing at 90.9% CAGR over 3 years with 22 total units. Strong expansion trajectory.
Item 1 · who you're contracting with
The Franchisor
Corporate structure & franchisor financials
- Legal entity
- RPG Franchising, LLC
- CEO title
- Managing Member
- Richard Gould
- Incorporated in
- North Carolina
- 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
- CEO
- Richard Gould
- Headquarters
- North Carolina
- Founded
- 2018
- FDD year
- 2025
- States available
- 10
Can you afford it, and what does the money buy?
Entry cost runs 62% below the typical home services franchise.
Source: FDD 2025 · Items 5–7
Full Item 7 breakdown14 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.
Item 7 · what it costs to open + operate
The Vitals
- Total investment
- $60K – $110K
- Top 40% of category vs category
- Liquid capital req'd
- $10K – $25K
- Top 40% of category vs category
- Franchise fee
- $5K – $40K
- Top 40% of category vs category
- Royalty
- 5.0%
- percentage · typical 6–8%
- Ad fund
- 1.0%
- 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 | 1.0% 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 |
What do units actually make?
Source: FDD 2025 · Item 19
ROI & LBO modelsSingle-unit · 25-unit portfolio · editable
Richard’s Painting did not disclose financial performance in FDD Item 19. The ROIC and return models require Item 19 revenue. Without it all inputs are estimates. You can still run the calculator with your own assumptions by entering an expected revenue figure.
Returns model · single-unit ROIC
What would one Richard’s Painting unit return on the cash you put in?
Unlevered ROIC · per unit
Estimated return on your total franchise investment, before any debt financing.
95%
Above the 30–60% band. Verify revenue is per-unit average
These models are for research and scenario planning only. Not investment advice. Actual results depend on your specific location, management, and market conditions. Consult a franchise attorney and accountant before signing any franchise agreement.
Item 19 · Source: 2025 FDD
Financial Performance
Pages p179-p183 contain Franchise Agreement exhibits only (Assignment, ACH Authorization Form, General Release) for Richard's Painting / RPG Franchising, LLC (Multi-State FDD April 30, 2025). No audited financial statements, balance sheet, income statement, or Independent Auditor's Report appear in this page range, so no financial figures could be extracted.
- Item 19 type
- gross sales
- Sample size
- 16
- vs category median 32
- Range (low → high)
- $81K→$618K
- Cohort dispersion (min → max)
- Transparency tier
- limited
- Categorical assessment of disclosure depth
- Reporting year
- 2024
- Fiscal year the figures cover
- Source filing
- FDD 2025
- Disclosed in the 2025 filing, covering 2024
- Transparency
- 0 / 10
- vs category median 4 / 10 · below
Compared against 321 Home Services brands
Operator outlook
What the numbers say
Data-driven interpretation of this brand's financial disclosures, fee structure, and system trajectory.
Fee burden
Total ongoing fee load of 7.0% — below the Home Services average of 8.9%.
Disclosure
Item 19 reports outlet revenue, but not in a form that yields a per-outlet average we can compare across brands.
Operator retention
System expanding at 90.9% CAGR over 3 years across 22 units — operators are staying and new ones are joining.
Source: FDD Item 19 financial performance representations and publicly filed FDD data. Past performance is not indicative of future results. Verify all figures with the franchisor and current franchisees before making any investment decision.
vs Home Services averages
How Richard’s Painting Compares
Is the system healthy?
Source: FDD 2025 · Item 20
Unit growth
Item 20 · unit dynamics
The Growth Chart
- Total units
- 22
- Opened
- 5
- Last reporting year
- Closed
- 0
- Terminated
- 1
- Franchisor ended the franchise (per Item 20)
- Non-renewed
- 0
- Term expired, not renewed (per Item 20)
- Turnover rate
- 4.5%
- Company-owned
- 1
- Corporate units in the system
- % franchised
- 96%
- vs corporate-owned
- Net growth (3-yr)
- +90.9%
- Net unit change over 3 years
- 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
Last reporting year only, multi-year history not disclosed in this brand's FDD.
Item 12 · 10 states reported
The Territory Map
FDD Item 12 reports the state count, but the specific list isn't in our current data. The map will appear once we re-extract from the FDD or enough franchisee contacts are available.
10
states with franchisees (per FDD Item 12)
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 2 7(a) loans on file; statistical reliability is limited below 10 loans.
- Total loans
- 2
- Loan volume
- $300K
- Median loan
- $150K
- average
- Charge-off rate
- N/A
- limited sample (2 loans) — rate not shown below 10
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
- N/A
Explore lender portfolios on Bank Reports or regional data on State Reports.
What could kill this investment?
Source: SBA 7(a) FOIA · FDD Items 3, 21
Risk analysis
FranchiseVerdict rating + FDD Items 3, 4, 8, 16, 21
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)
In 2024, RPG Franchising LLC entered a Consent Order (Order No. S-24-3718-24-CO01) with the Washington Department of Financial Institutions, Securities Division, relating to an unregistered sale of a franchise territory in Washington made after applying for but before completing registration. The order required a cease-and-desist and payment of $1,000 for investigation costs.
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: Yes
- Kickbacks from required suppliers: No
- Must buy proprietary products: Yes
- Restricted to system-approved products: Yes
Score breakdown · what drove the 71 / 100 verdict
- 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
- 03MEDModest unit growth of 23.5% YoY from small base (22 units) suggests limited system maturity and brand recognition
- 04MINOR10-year term is longer than industry standard (5-7 years), locking franchisees into relationship with compliance-challenged franchisor
- 05MINORNo 'Going Concern' flag is positive, but combined with other factors suggests operational viability questions
Severity inferred from the FDD text · not a regulatory classification
What are you signing up for?
Ongoing fees run about 7.0% of sales (royalty + ad fund), before rent and labor.
Source: FDD 2025 · Items 11, 12, 17
FDD Items 12, 15, 17 · continued from Risk & Legal
Contract & Territory Detail
| Initial term | 10 years |
|---|---|
| Renewal term | 10 years |
| Allowed renewalsℹ | 1 |
| Territory type | protected |
| Protected territory | Yes |
| Territory radius | 10 mi |
| 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 |
| Non-compete (miles)ℹ | 25 mi |
| Right of first refusalℹ | Yes |
| Transfer requires consent | Yes |
| Termination notice | 30 days |
| Curable defaultsℹ | 2 |
| Mandatory arbitration | Yes |
| Arbitration location | Salisbury, North Carolina |
| Jury trial waiver | Yes |
| Governing law | North Carolina |
| Litigation count | 1 |
View Item 3 litigation summary
In 2024, RPG Franchising LLC entered a Consent Order (Order No. S-24-3718-24-CO01) with the Washington Department of Financial Institutions, Securities Division, relating to an unregistered sale of a franchise territory in Washington made after applying for but before completing registration. The order required a cease-and-desist and payment of $1,000 for investigation costs.
Items 10, 11
Training & Operations
- Classroom training
- 36 hrs
- On-the-job training
- 38 hrs
- Training location
- Salisbury, North Carolina or franchisee location
- Ongoing training
- Required
- 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
27 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?
Richard’s Painting does not disclose average franchise owner earnings in their FDD Item 19. Not all franchisors are required to make financial performance representations. We recommend asking existing franchisees directly about their financial experience.
What is Item 19 in the Richard’s Painting FDD?
The FDD section where a franchisor may disclose financial performance of its outlets. Disclosure is optional and formats vary; figures are typically gross sales, which is revenue before expenses, not profit. FranchiseVerdict extracts these figures directly from the Richard’s Painting FDD and qualifies whose outlets they describe.
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 21 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 verdict score of 71 out of 100 (higher is better), 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.
For franchisors
Are you the franchisor?
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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.