Richard’s Painting vs Truly Nolen
Franchise Comparison 2026
Both Richard’s Painting and Truly Nolen are home services franchises. Richard’s Painting requires an investment of $60K – $110K while Truly Nolen requires $50K – $122K. Richard’s Painting discloses average revenue of $274K; Truly Nolen makes no financial performance representation in its Item 19, which is voluntary under the FTC Franchise Rule. FranchiseVerdict rates Richard’s Painting A (Strongest tier) and Truly Nolen A (Strongest tier).
| Metric | Richard’s Painting | Truly Nolen |
|---|---|---|
| Verdict Grade | AStrongest tier | AStrongest tier |
| Investment Range | $60K – $110K | $50K – $122K |
| Franchise Fee | $40K | $35K |
| Royalty Rate | 5.0% | 4.0% |
| Average Revenue (Item 19) | $274K | N/ANo Item 19 representation |
| SBA Charge-Off Rate | N/A | Limited data |
| Total Units | 22 | 94 |
| Unit Growth (YoY) | +4 units | +1 units |
| Year Began Franchising | 2019 | 1996 |
| FDD Year | 2025 | 2025 |
Investment Range
$60K – $110K
$50K – $122K
Franchise Fee
$40K
$35K
Royalty Rate
5.0%
4.0%
Average Revenue (Item 19)
$274K
N/ANo Item 19 representation
SBA Charge-Off Rate
N/A
Limited data
Total Units
22
94
Unit Growth (YoY)
+4 units
+1 units
Year Began Franchising
2019
1996
FDD Year
2025
2025