The paint stores industry retails paint, wallpaper and other wall-related supplies. Note that industry products include stain, varnish, painting equipment and accessories that are used for interior and exterior surfaces. These businesses purchase wall coverings from domestic and international manufacturers and wholesalers, and then retail them to the general public and contractors.
According to reports, within the five years to 2022, the industry has benefited from growth in its downstream industries, mainly in residential construction, which includes private spending on home improvements and new housing starts.
Before 2022, growing disposable income, low interest rates and declining unemployment had driven growth in the industry’s downstream markets, thus, driving demand for industry products from do-it-yourself (DIY) customers and professional painters.
However, have it in mind that all these trends have reversed as the COVID-19 (coronavirus) pandemic created unfavourable economic conditions. There are relatively few franchise companies in this industry, but quality of work and service remains the key to success in the Paint Store industry. Customer referrals are essential to building a painting business, and getting those referrals hinges on performing high-quality services for every customer.
Note that a retail paint store is a relatively stable retail business venture to start, as there is no real threat from Internet sales of these products. The big threat comes in the form of big box retailers, so business location is very imperative to the success and survival of this kind of retailing venture.
In the United States, to increase sales and profits beyond just selling paint and wallpaper, consider providing customers with unique services, such as after-hour instruction classes and other products and services, such as equipment rental for do-it-yourself painters.
You should also consider factors such as competition, start-up investment, operating costs, and profit potential, a paint and wallpaper store is a good choice for a new business enterprise, but best left to those with retailing experience. If you are interested in joining this ever growing industry and looking to avoid the uncertainties that come with starting from the scratch, here are top franchise opportunities in the industry to consider.
4 Best Paint Store Franchise Opportunities and Their Cost
Ziebart International Corporation
This is a privately owned corporation based in Troy, Michigan, and is the worldwide franchisor of the Ziebart brand of automotive aftermarket stores. The company was founded in 1959 and is headquartered in Troy, Michigan. Services offered by Ziebart stores include rust proofing, paint sealant, paint protection film, automobile detailing, window tinting; and the installation of various aftermarket accessories. The company has an additional headquarters in Poznan, Poland.
- Initial investments: $228,200 – $450,500
- Net-worth Requirement: $250,000
- Liquid Cash Requirement: $100,000
- Initial Franchise Fee: $30,000
- Ongoing Royalty Fee: 5%/8%
- Ad Royalty Fee 5%
TINT WORLD® Automotive Styling Centers™ specialize in auto and marine accessories and appearance services that include: computerized window tinting, mobile electronics, car audio video, auto security, custom wheels, detailing, nano ceramic coating and auto reconditioning services, thereby creating a unique “Automotive Styling Centers™’. TINT WORLD® also provides Home and Office Window Film Services that specializes in residential, commercial and marine window tinting and security film services.
- Initial Investment: $70,000
- Total Investment: $200, 000 – $300,000
Painting with a Twist
Confirmed as the No 1 paint and sip franchise by Entrepreneur Magazine for 2018, Painting with a Twist studios are designed to provide a wide range of guests including adults, businesses, and kids with an exemplary art inspired experience.
Note that this is not a typical art class – the Painting with a Twist value proposition is based on enjoying time with friends in a studio/party/relaxing setting while recreating one of 10,000+ original works of unique and authentic copyrighted art. Since 2007, Painting with a Twist is the most widely recognized national brand in the paint and sip category.
- Initial Investment: $50,000
- Total Investment: $89,000 – $188,000
Alta Mere The Automotive Outfitters
Alta Mere offers a complete auto aftermarket line of accessories including: auto security, video, GPS and paint protection. In addition, we offer residential and automotive window tinting.
- Initial Investment: $50,000
- Total Investment: $120,000 – $175,000
In 2022, the Paint Stores industry exhibited a high level of market share concentration, with the top three players accounting for an estimated 78.5%. However, there are relatively few paint franchise companies, but as a willing entrepreneur, you can check out any of the franchises mentioned above.