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Below is an in-depth analysis and side-by-side comparison of Spray-Net vs LIME Painting including start-up costs and fees, business experience requirements, training & support and financing options.
Start-Up Costs and Fees |
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Investment | $138,250 - $234,850 | $124,700 - $162,375 |
Franchise Fee | $45,000 | $45,000 |
Royalty Fee | 7% | 6% |
Advertising Fee | - | 4% |
Year Founded | 2010 | 2014 |
Year Franchised | 2010 | 2018 |
Term Of Agreement | - | - |
Term Of Agreement | - | - |
Renewal Fee | - | - |
Business Experience Requirements |
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Experience | You’re an entrepreneur with your own business, but by purchasing the right to use our brand, image and proprietary products and technology, you become part of a larger team working together to achieve one common goal: changing the way people renovate and of course, the growth and expansion of the Spray-Net brand. | - |
Financing Options |
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In-House/3rd Party | In-House/3rd Party | |
Franchise Fees | -/Yes | -/- |
Start-up Costs | -/Yes | -/- |
Equipment | -/Yes | -/- |
Inventory | -/Yes | -/- |
Receivables | -/- | -/- |
Payroll | -/- | -/- |
Training & Support |
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Training | On-The-Job Training: 80 hours Classroom Training: 40 hours Additional Training: Online training | On-The-Job Training: 4 hours Classroom Training: 45 hours |
Support | Purchasing Co-ops Newsletter Meetings/Conventions Toll-Free Line Security/Safety Procedures Field Operations Proprietary Software Franchisee Intranet Platform | Ongoing Support Purchasing Co-ops Newsletter Toll-Free Line Grand Opening Online Support Security/Safety Procedures Field Operations Site Selection Proprietary Software Franchisee Intranet Platform |
Marketing | Co-op Advertising Ad Templates National Media Regional Advertising Social media SEO Website development Email marketing Loyalty program/app | Co-op Advertising Ad Templates National Media Regional Advertising Social media SEO Website development Email marketing Loyalty program/app |
Operations | As an owner of your own Spray-Net franchise, you handle everything related to daily management, employee management and attending to the needs and demands of your customers. Word of mouth referrals initially fueled our business and even today, we value this grass-roots method of brand awareness and customer acquisition. Number of Employees Required to Run: 4 - 5 | Absentee Ownership Allowed Number of Employees Required to Run: 3 |
Expansion Plans |
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US Expansion | Yes | Yes |
Canada Expansion | No | - |
International Expansion | No | - |
Spray-Net permanent paint solution is a cost-effective renovation solution for homeowners and a profitable business opportunity for our franchise partners. Spray-Net was recently named the top young franchisor in the world at the International Franchise Association's NextGen in Franchising Global Competition and we were also featured on an episode of CBC's Dragons' Den. Spray-Net franchise network spans across the provinces of Quebec, Ontario, Nova Scotia, Alberta and British Columbia and we're looking for partners to help bring our unique solution to homeowners in the rest of Canada and the US!