That 1 PainterFranchise Cost, Revenue & Review 2026
Data from FDD filing + SBA 7(a) records
FranchiseVerdict summary · 2026
A That 1 Painter franchise requires a total initial investment of $113K – $189K, including a $59K franchise fee and an ongoing 6.0% royalty[2]. Per the 2025 FDD, average unit revenue was $666K[2]. SBA 7(a) loans show a 0.0% charge-off rate across 39 loans[1]. Verdict grade: A. Run a live ROI scan →
Data last verified June 18, 2026 · figures per the 2025 FDD issuance
Overview
- Investment
- $113K – $189K
- 39th pct Home Services
- Avg gross sales
- $666K
- 24th pct Home Services
- Royalty
- 6.0%
- 13th pct Home Services
- Units
- 271
- 72nd pct Home Services
- SBA default
- 0.0%
- system-wide median varies by category
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 4.4x in gross revenue, well above the typical 1.5-2.5x range.
Only 0.0% of 39 SBA loans charged off, well below the 16% franchise average.
The system grew 327% year-over-year. Fast growth means demand, but can strain support.
Bottom line
- Total investment $113K – $189K including a $59K franchise fee, 6.0% ongoing royalty.
- Average unit revenue of $666K/year.
- Verdict A (Top Quintile) with a risk score of 36/100. SBA loan charge-off rate of 0.0% across 39 loans (well below the franchise average, based on all SBA 7(a) franchise lending, 2010–2024).
- Bankruptcy history disclosed in the FDD. Review Item 4 for details before proceeding.
Item 1 · who you're contracting with
The Franchisor
- Legal entity
- That 1 Painter Franchising LLC
- Parent company
- ResiBrands LLC
- Predecessor
- company
- Prior franchisor entity
- Incorporated in
- TX
- HQ
- 12357-C Riata Trace Parkway, Suite 150-200, Austin, Texas 78727
- Auditor
- DA Advisory Group PLLC
- Audited financials
- Franchisor revenue
- $6.5M
- vs $10.4M prior year
Overview
About
That 1 Painter is a residential and commercial interior/exterior painting service franchise. Franchisees manage crews, schedule jobs, handle customer acquisition and relations, and oversee quality control. Day-to-day operations involve coordinating painting crews, managing customer inquiries, estimating jobs, and collecting payments across their protected territory.
- CEO
- Steven Montgomery
- Headquarters
- TX
- Founded
- 2020
- FDD year
- 2025
- States available
- 34
FDD Item 7 · 2025 filing · 15 line items
Initial investment breakdown
| Line item | Low | High | |
|---|---|---|---|
| Initial Franchise Fee | $59K | $59K | |
| Your Training Expenses | $3K | $6K | |
| Vehicle Lease and Wrap | $2K | $18K | |
| Master Class | $5K | $5K | |
| Business Licenses and Permits | $250 | $8K | |
| Computer System and Setup | $500 | $1K | |
| Uniforms and Branded Materials | $3K | $4K | |
| Office Equipment and Supplies | $500 | $5K | |
| Professional Fees | $500 | $3K | |
| Marketing Development Fee | $5K | $5K | |
| Grand Opening Advertising/Marketing | $10K | $15K | |
| Insurance | $3K | $13K | |
| Equipment | $0 | $8K | |
| Real Estate | — | — | |
| Additional Funds (3 Months) | $22K | $40K | |
| Total initial investment | $113K | $189K |
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
$73K
11.0% margin
Unlevered ROIC
40%
EBITDA / total invested capital
Payback
30 mo
cash-on-cash, unlevered
Item 7 · what it costs to open + operate
The Vitals
- Total investment
- $113K – $189K
- Better than avg vs category
- Liquid capital req'd
- $22K – $40K
- Near category avg vs category
- Franchise fee
- $59K – $59K
- Near category avg vs category
- Royalty
- 6.0%
- Gross Revenue · typical 6–8%
- Ad fund
- 2.0%
- typical 3–5%
- Total fee load
- 8.0%
- vs 9–13% typical
Ongoing fees · Item 6
| Fee | Amount |
|---|---|
| Royalty | 6.0% of gross sales |
| Marketing / ad fund | 2.0% of gross sales |
| Technology fee | $1K |
| Training fee | $500 |
| Transfer fee | $12K |
| Renewal fee | $6K |
| Total fee load | 8.0% of rev |
Financial Performance
- Avg gross sales
- $666K
- Per unit, per year
- Median gross sales
- N/A
- Item 19 type
- gross_sales
- Sample size
- 36 units
- vs category median 25
- Range (low → high)
- $175K→$1.6M
- Cohort dispersion (min → max)
- Quartile band
- $320K→$1.1M
- Bottom 25% → top 25%
- Reporting year
- 2024
- Fiscal year the figures cover
- Transparency
- 3 / 5
- vs category median 4 / 5 · below
Compared against 349 Home Services brands
Revenue is 4.4x the investment midpoint. At typical franchise margins, this suggests a payback under 3 years.
vs Home Services averages
How That 1 Painter Compares
Unit growth
Item 20 · unit dynamics
The Growth Chart
- Total units
- 271
- Opened
- 213
- Last reporting year
- Closed
- 2
- Turnover rate
- 0.7%
- Company-owned
- 6
- Corporate units in the system
- % franchised
- 98%
- vs corporate-owned
- Net growth (yr3)
- Outlier (see FDD)
- Likely small-sample artifact
3-year detail · Item 20
- Transfers (3yr)
- 9
Year-over-year franchised unit counts and net change. Source: FDD Item 20.
Item 20 · 19 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.
Available to sell in · Item 12
- Michigan
States where the franchisor is registered to sell new franchises (FDD registration filings).
SBA loan performance
Government records
SBA Loan Data
Aggregated from SBA 7(a) and 504 loan disclosures, public data unique to FranchiseVerdict.
- Total loans
- 39
- Loan volume
- $8.0M
- Median loan
- $169K
- 50th percentile
- Charge-off rate
- 0.0%
- rates vary by category · see methodology
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
- 8
- Defaults
- 0
Explore lender portfolios on Bank Reports or regional data on State Reports.
Premium insight
SBA Lending Report
Deep-dive into That 1 Painter's SBA lending history: lender network, geographic footprint, interest rates, and more.
SBA Lending Report
- Principal loss rate and NAICS industry benchmark
- 8 lenders with concentration factor
- Per-state charge-off rates across 15 states
- Startup risk premium and job creation velocity
- 3-year lending trend
Instant access. No subscription.
With a 0.0% charge-off rate across 39 loans, banks have historically viewed this brand favorably for lending.
Risk analysis
FranchiseVerdict rating + FDD Items 3, 5, 6, 12, 17
Risk & Legal
Explosive growth, undisclosed profitability, franchisor going concern doubts, and high fixed royalties create meaningful risk despite protected territories.
Litigation (Item 3)
0 case reference(s): 3 pending, 0 settled.
Bankruptcy (Item 4)
Disclosed in last 7 years
Bankruptcy Code; (b) obtained a discharge of its debts under the bankruptcy code; or (c) was a principal officer of a company or a general partner in a partnership that either filed as a debtor (or had filed against it) a petition to start an action under the U.S. Bankruptcy Code or that obtained a
Audited financials (Item 21)
Yes · DA Advisory Group 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 36 / 100 rating
- 01MEDNo average net income disclosed — unable to calculate ROI or validate profitability claims against $113k-$189k investment
- 02MINORExplosive unit growth of 327% YoY raises sustainability concerns — typical healthy franchise growth is 15-25% annually; this suggests either aggressive recruitment or recent market entry without track record
- 03HIGHGoing concern status is FALSE — indicates potential financial instability or going concern doubt in franchisor's own financials
- 04MINORMinimum royalty of $461/week ($23,972/year) creates fixed cost burden regardless of revenue, problematic if franchisee generates less than $377k annually (6% breakeven)
- 05MEDFranchise fee of $59k represents 52% of minimum investment — high upfront cost for unproven brand with limited historical data
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 | Zip Codes |
| Protected territory | Yes |
| Online sales rights | Restricted |
| Franchisor can compete | Yes |
| Hire a manager? | Not allowed |
| Owner-operator | Required |
| Non-compete (years)ℹ | 2 years |
| Right of first refusalℹ | Yes |
| Termination notice | 30 days |
| Mandatory arbitration | No |
| Jury trial waiver | Yes |
| Governing law | Texas |
| Litigation count | 0 |
View Item 3 litigation summary
0 case reference(s): 3 pending, 0 settled.
Items 10, 11
Training & Operations
- Classroom training
- 40 hrs
- On-the-job training
- 0 hrs
- Training location
- On-site and corporate
- POS system
- Housecall Pro
- Operating tech stack
Items 5 & 11
Franchisor Support
Technology: Housecall Pro
Item 20 · call current owners
Franchisee Contacts
34 owners to call
Name · phone · city · state. Extracted from FDD Item 20
FDD download
That 1 Painter · FDD (2025) PDF
Frequently asked questions
Frequently Asked Questions
How much does it cost to open a That 1 Painter franchise?
The total investment to open a That 1 Painter franchise ranges from $113K – $189K, with an initial franchise fee of $59K. This includes real estate, equipment, inventory, and working capital as disclosed in their Franchise Disclosure Document (FDD).
What do That 1 Painter franchise owners earn?
According to Item 19 of the That 1 Painter FDD, the average gross sales per unit is $666K. Note: this is gross revenue, not profit. Actual owner earnings vary based on location, operating costs, and management.
What is That 1 Painter's franchise failure rate?
Based on SBA 7(a) loan data, That 1 Painter has a charge-off rate of 0.0% across 39 loans, meaning 0.0% of franchise loans were charged off. Charge-off rates are one proxy for franchise risk, though they do not capture all closures. This data comes from FOIA-sourced SBA lending records.
How many That 1 Painter franchise locations are there?
As of their most recent FDD filing, That 1 Painter has 271 total units in the United States, including 28 franchised units and 6 company-owned units. 213 new units were opened in the latest reporting year.
Is That 1 Painter a good franchise to buy?
FranchiseVerdict rates That 1 Painter as a A-grade franchise with a risk score of 36 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.