9. ProTect Painters
Residential painting services
Initial Investment: $99,100
is a national franchise specializing in exterior and interior commercial and residential painting projects where there's no painting involved for the owner, only managing paint crews. The combination of minimal investment and low overhead costs makes for ProTect Painters to be a profitable business with a low barrier of entry.
ProTect Painters currently has 51 locations, with another 12 signed franchise deals this year. The company's sales to consumers have risen 79% year over year.
The housing recovery as well as a recovering consumer has fueled revenue growth for service-based franchises catering to homebuyers as well as those looking to spruce up their current homes.
ProTect Painters also said the business was untouched by the recent economic downturn, given that clients are both residential and commercial.
The commercial business accounts for about 20% of total business and has far less seasonality than home painting.
On the residential side, customers tend to repaint exteriors every five to seven years, the company says. The repeat business drives approximately 60% of overall revenue, it said.
-- Written by Laurie Kulikowski in New York.
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