First of all, there are real costs to starting any business. The Klappenberger & Son franchise start-up costs are no exception.
One of the biggest financial decisions you may make is whether to buy a franchise. If you do buy a franchise, you certainly want to make sure you buy the one that gives your family financial security.
There are 3 areas to pay attention to:
First, what are the franchise start-up costs? As you will shortly see, even though all the franchises are in the painting industry, the start-up costs vary greatly.
While Klappenberger & Son is here to assist you with the process of obtaining funding, we will not personally finance any portion of the loan.
As a result, your investment in owning your own business is entirely up to you. However, we will be happy to help you prepare the proper documentation to put in front of the loan officer. Additionally, we will provide you with a detailed FDD. This document includes financial performance to submit to your lender. As such, this will allow the institution to take a close look at the agreement between the franchisor and franchisee.
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The franchise start-up cost listed below includes a franchise fee. Looking only at the chart above would conclude that we are either the lowest or the third lowest in price. However, what the graph does not show is what the franchise fee includes.
Here is the territory size that comes with a single franchise.
The following table contains an overview of all franchise start-up costs:
It’s so easy to get excited about owning a franchise and focus heavily on the franchise start-up costs. However, you should not dismiss fees based on gross sales as simply “the cost of doing business.”
Even 1% adds up! If your franchise does $500,000 in gross sales in its first year, that 1 % is $5,000 out of your pocket. As your business grows to say a million, that 1% represents $10,000. Over the course of ten years that could easily be $100,000 that goes to the franchisor and not you.
At Klappenberger & Son, we are very concerned about keeping the franchise start-up cost and ongoing fees as low as possible.
As the chart above shows, some of the franchises’ fees are 1%- 6% higher than others. Over the course of a ten-year contract, that would result in hundreds of thousands of dollars going from your pocket to the franchisor.
David Klappenberger
When reviewing the franchise start-up cost, you can request the franchisor send you a current Franchise Disclosure Document called an FDD. Item 12 in the FDD will disclose the size of a typical territory and what it costs to increase that size.
The chart shows that the typical territory has about 200,000 people. Each franchisor charges different fees to increase the population. Prices vary between franchisors, but it is safe to say starting with a large territory like Klappenberger & Son can save you at least $60,000!
The chart above shows the additional costs it would take to have a franchise the size of Klappenberger & Son. It would cost between 75,000- $90,000 to have a franchise territory the same size as Klappenberger & Son.
A major benefit of owning a Klappenberger & Son franchise is that we offer you your choice from a wide array of expansive, available territories. Our territories are much larger than those of all other competitors. Right now, the wealthiest territories are still available in your area. Truly, a fantastic advantage of getting a franchise early is that you can stake your claim where you want.
I’d rather have 200 successful and satisfied franchises than 400 franchises complaining that their territories are too small.
I’ve heard stories of other franchises complaining that they are bidding against each other for large commercial jobs.
Also, before franchising, I grew my company to 25 techs working during the peak seasons. The area I worked in had about 450,000 people. Thus, it would only be fair that my franchisees to have the same opportunity.
Owning and growing your own business has never been easier. Currently, we have franchises available in all of Virginia and Delaware and in most of Maryland. 10 of the top 20 wealthiest counties in the country are in these areas.
For greater detail please see Klappenberger & Son Franchise With Seven Other Painting Franchises.
For more information on the Klappenberger & Son Franchise Opportunity, please request a Franchise Kit. To speak with someone immediately, please call 410-647-5700 and we’ll connect you with our Franchise Sales Director.
This information is not intended as an offer to sell, or the solicitation of an offer to buy a franchise. It is for information purposes only. An offer is made only by a Franchise Disclosure Document (FDD). Klappenberger & Son franchises will not be sold to any resident of any state until the offering has been exempted from the requirements of, or duly registered in and declared effective by, such state, and the required FDD (if any) has been delivered to the prospective franchisee before the sale in compliance with applicable law.
Currently, certain states regulate the offer and sale of franchises. In the U.S., states that regulate the offer and sale of franchises include California, Hawaii, Illinois, Indiana, Maryland, Michigan, Minnesota, New York, North Dakota, Oregon, Rhode Island, South Dakota, Virginia, Washington, and Wisconsin. If you reside in one of these states, or even if you reside elsewhere, you may have certain rights under applicable franchise laws or regulations.
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Phone: 443-223-0645
Email: dklappenberger@klappenbergerandson.com
Address: 902 Bluff View Dr. Myrtle Beach, SC 29579