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Five Star Painting franchise financing options

Compare costs, fees and where to get financing for a Five Star Painting.

Overall costs for Five Star Painting run anywhere from $74,700 to $184,250. See how the costs break down and what funding options might be right for your new venture into the franchise foray.

Estimated initial costs

Our cost estimates are accurate as of 2021 from Franchise Direct and include opening fees and expenses only. The location you choose for your Five Star Painting franchise may result in higher or lower fees.

Franchise fees

Five Star Painting franchise fees total around $45,000, which is more than the $37,000 average for the 200 largest franchises.
Franchise Cost
Initial franchise fee $45,000 to $45,000 + $200 per 1,000 additional population over minimum
Estimated total $45,000 to $45,000

Equipment fees

Equipment fees total $27,725 for Five Star Painting. This is less than the $180,023 average for the top 200 franchises.
Equipment Cost
Vehicle $2,000 to $39,500
Equipment, supplies and inventory $2,400 to $11,550
Estimated total $4,400 to $51,050

Real estate fees

Real estate will set you back $3,000 for Five Star Painting, thought it's less than the average of $788,376 for the top 200 franchises.
Real estate Cost
Real estate $0 to $6,000
Estimated total $0 to $6,000

Training fees

Five Star Painting initial training costs total $2,500, which comes in under the nationwide average of $9,788.
Training Cost
Training, travel, lodging and food $1,000 to $4,000
Estimated total $1,000 to $4,000

Marketing costs

Advertisement and marketing costs total up to $32,500 for Five Star Painting, which is more than the nationwide average of $9,938.
Marketing Cost
Advertising, promotional and local marketing spending for marketing startup phasee $15,000 to $50,000
Estimated total $15,000 to $50,000

Licenses and permits costs

Five Star Painting initial licenses and permits will set you back $875. This comes out to less than $18,770 — the overall nationwide average.
Licenses and permits Cost
Deposits, permits and licenses $0 to $1,750
License fee 6% of gross sales except for roll-in sales. In addition, minimum license fees apply.
Estimated total $0 to $1,750

Insurance costs

Initial insurance costs for Five Star Painting run $5,000. This means you'll be paying less than the overall nationwide average of $6,311.
Insurance Cost
Insurance $1,000 to $9,000
Estimated total $1,000 to $9,000

Administrative fees

Five Star Painting administrative fees total up to $1,850 — which comes in under the overall nationwide average of $6,761.
Admin Cost
Software and other fees $1,250 to $1,250
Call center fee $600 to $600
Audit Cost of audit plus expenses, plus any amount owed as shown by the audit, plus interest and late fees.
Estimated total $1,850 to $1,850

Other expenses

Miscellaneous expenses for Five Star Painting total $11,025 — less than the nationwide average of $69,970.
Other Cost
Professional fees $250 to $5,000
Six months' additional funds $6,200 to $10,600
Estimated total $6,450 to $15,600
All costs were found using the 200 largest franchises nationwide using Franchise Direct's list of more than 300 franchises, and are accurate as of 2021.

How to finance

Since the estimated total for Five Star Painting is on the more costly side, we recommend following these steps to get fully financed:
  1. Go to the Five Star Painting franchising website and review its financial requirements, including cash-on-hand requirements.
  2. Reach out to Five Star Painting about in-house financing for franchisees.
  3. If in-house financing isn't available, look for online loans, bank loans and SBA loans to help meet the $129,475 estimated opening costs.
  4. Compare lenders based on amounts, interest rates and what types of personal and business credit history they accept.
  5. Once you settle on a lender, gather all required documents, including account statements and assets.
  6. Apply for financing online or in person as required by the lender.

What types of financing is available?

You have several options when it comes to financing a Five Star Painting — even if the cost is on the heavier side. What assets you have available will largely determine how much you need to borrow, and which option suits you best.
  • Online loan. A number of online business lenders offer amounts up to $1 million, with some extending up to $5 million.
  • Bank loan. Your personal credit will typically need to at least be good — 670 or higher — when it comes to getting a bank loan large enough to cover a significant portion of Five Star Painting opening costs.
  • SBA loan. While your personal credit score doesn't need to be as good to qualify for an SBA loan, they usually cost more than standard term loans from banks or online lenders.
Also check if Five Star Painting franchise financing is available. You may be able to get some of the costs covered for less than you would with other traditional funding options.

Compare small business lenders

You may not need financing to cover the estimated $74,700. But if you need funds for other business ventures, select the loan amount, your time in business and revenue and your personal credit score to compare a selection of lenders.
Name Product Filter Values Min. Amount Max. Amount Requirements
OnDeck small business loans
$5,000
$250,000
600+ personal credit score, 1 year in business, $100,000+ annual revenue
A leading online business lender offering flexible financing at competitive fixed rates.
Fora Financial business loans
$5,000
$500,000
6+ months in business, $12,000+ monthly revenue, no open bankruptcies
Get qualified for funding in minutes for up to $500,000 without affecting your credit score. Best for companies with at least six figures in annual revenue.
Lendio business loans
$500
$5,000,000
Operate business in US or Canada, have a business bank account, 560+ personal credit score
Submit one simple application to potentially get offers from a network of over 300 legit business lenders.
ROK Financial business loans
$10,000
$5,000,000
Eligibility criteria 3+ months in business, $15,000+ in monthly gross sales or $180,000+ in annual sales
A connection service for all types of businesses — even startups.
LendingClub personal loans for business
$1,000
$40,000
US citizen or permanent resident, verifiable bank account, steady source of income, ages 18+.
Get prequalified for a personal loan up to $40,000 to help you grow your business. Great for new business owners with at least fair credit.
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How Five Star Painting stacks up

Compare how Five Star Painting holds up against two similarly sized franchises.
GoliathTech Five Star Painting Spherion
Average Franchise fees $38,000 $45,000 $35,000
Average Equipment fees $68,150 $27,725 $41,660
Average Real estate fees $1,550 $3,000 $7,193
Average Training fees $4,000 $2,500 $6,563
Average Inventory fees NA NA $780
Average Marketing fees $750 $32,500 $16,250
Average Licenses and permits fees NA $875 $630
Average Insurance fees NA $5,000 $4,975
Average Admin fees NA $1,850 NA
Average Personnel fees NA NA NA
Average Other fees $12,000 $11,025 $113,875

Bottom line

Five Star Painting franchise costs run a total of $129,475. Before you decide to become a franchisee, compare the total costs against industry averages. And to learn more about financing read our guide to franchise financing.

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