Everline Coatings Franchise – Costs, Fees & Earning Stats
Net Worth Requirement:
Units in Operation:
$155,341 – $237,146
Everline Coatings is a franchise that provides professional line painting and pavement maintenance. The company was founded in 2012 and is based in Alberta, CA.
In this article, we will take a look at the costs and fees associated with opening an Everline Coatings franchise, as well as the company’s earnings and growth potential.
Is Everline Coatings a franchise?
Yes, Everline Coatings is a franchise. Everline Coatings has been franchising since 2021. Everline Coatings and Services is an industry-leading brand in the pavement maintenance service business. It’s a recession-resistant business model that works on commercial real estate properties.
Everline Coatings franchises offer asphalt maintenance and parking lot line painting for commercial customers, such as office buildings, retail stores, warehouses, and more. Franchises typically have a team of painters who work on-site at customer locations to complete projects. In addition to their regular painting services, Everline Coatings franchises also offer indoor line painting and durable floor coatings.
Everline Coatings and Services franchise owners understand what property managers expect when needing pavement maintenance services.
How many Everline Coatings franchises are there?
Currently, there are over 20 Everline Coatings franchises in operation in the United States with a total of over 30 territories sold.
Founded in 2012, Everline Coatings’ goal is to provide high-quality, low-cost painting services to commercial customers who have indoor and/or outdoor parking lots. Everline Coatings services also include power washing and asphalt repair.
Everline Coatings is relatively new to the franchising world, but the company has 10 years of experience. It’s a recession-resistant business opportunity and can be one of the most affordable franchise opportunities.
How much does an Everline Coatings franchise cost?
When it comes to starting a business, there are many factors to consider. One of the most important is the cost of the franchise. Everline Coatings is a great choice for many entrepreneurs, but how much does it cost to get started? The initial investment for an Everline Coatings franchise is $155,341 – $237,146. The initial investment covers initial inventory, equipment, and ongoing training and support.
Of course, this is just the initial investment. You will also need to factor in ongoing costs, such as marketing, rent, ongoing inventory, and employee salaries. But if you’re looking for a proven business model with a solid track record of success, an Everline Coatings franchise could be a good option for you.
What is the Everline Coatings franchise fee?
The Everline Coatings franchise fee is $49,500. This includes the rights to use the name and logo of the company as well as access to your exclusive territory.
In order to be granted a franchise, you’ll need to have a minimum of $75,000 in liquid capital and a net worth of at least $250,000. In addition, you’ll need to pay a monthly royalty fee of 6% of your gross sales and a brand fund fee of 2% of your gross sales.
Everline Coatings provides affordable franchise opportunities for business ownership in the maintenance industry.
How much do Everline Coatings franchise owners make?
How much money can you make? Unfortunately, there is no simple answer to this question. Franchises vary greatly in size and scope, and their physical locations can have a big impact on revenue. As a result, it is impossible to say how much an Everline Coatings franchise owner will make. However, it is safe to say that hard work and dedication will give them the best chance to succeed.
Everline Coatings provides all the training and support needed to run a successful business so franchisees can focus on generating sales. So how much do Everline Coatings franchise owners make? It really depends on how hard they work and how well they utilize the resources at their disposal, but here is the financial data from one of the affiliate locations for 2020 and 2021.
Things to keep in mind are the location is the equivalent of 4.2 territories and the money is in CAD or Canadian dollars, which roughly equals $0.78/Canadian dollar.
For 2020, the gross sales were 2.053 million CAD and the gross profit was 921,123 CAD. After all the disclosed expenses and COGS, the figure comes to 588,251 CAD.
For 2021, the gross sales were 1.975 million CAD, with the gross profit being 1.092 million CAD. After the COGS and other disclosed expenses were taken into account, the figure is 684,084 CAD.
The Wolf’s Take
Right off the bat, it’s important to note that while the financials above are impressive, they:
A) Are in Canadian dollars (0.78% conversion rate)
B) Operate in a territory of ~1.5M which would be roughly 4.2 territories
Regardless, this franchise still offers the potential for a fantastic ROI, and it’s no surprise they’ve had high unit growth in the last year.
Like many home services brands, Everlane offers a home-based franchise, but with the steadier and higher ticket revenue streams of B2B & government clients.
Give this brand a look if you’re interested in service businesses!
The Everline Coatings franchise is a great option for entrepreneurs who are looking for a business with a solid track record of success.
Everline Coatings provides all the training and support needed to run a successful business so franchisees can focus on generating sales. If you’re looking for a unique opportunity with good potential, Everline Coatings may be the right choice for you.
This is not investment advice. As always, look at the franchise disclosure document and do your own research and due diligence before investing and realize any investment may go to zero.
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