FAQs
Frequently Asked Questions
What are the startup costs and what do they include?
A. Currently, the range of investment is from $117,400-$160,000 which includes the $50,000 initial franchise fee. Other estimated costs include 3rd party professional advisory fees, insurance and 3-months of working capital. Am I Financially Qualified?
How much space do I need for this Branch Office?
A. Your Branch Office can be home-based with a storage unit with access to 100 to 2,000 square feet to store service tools and equipment. We’ll review the space you want to use for your Wise Coatings.
How long does it take to launch?
A. You should be able to open in as few as 1.5 to 3 months, it depends on how quickly you complete pre-opening steps and training. INQUIRE TODAY
Do I have to be an owner operator?
A. No, but ideally an owner should be involved, whether as a manager or in areas such as marketing and community development.
Can I own more than one territory?
A. Yes. We believe some owners will operate multiple territories. We offer discounts on initial franchise fees for owners who commit up front to additional territories. INQUIRE TODAY
How many employees are needed to operate the business?
A. Start with 2 to 4 employees. We have a growth-oriented strategy for adding key team members in the areas of Sales, Admin and Field Operations to help you not only launch, but to develop your business.
How much can a Wise Coatings territory bring in each year?
A. Awesome question! We can’t predict this for you, but you can set goals and work to achieve them. We know you are ready to work harder for yourself than you would for someone else and your drive to succeed is up to you.
To help you model out your plan, we will proudly share our Item 19, our Financial Performance Representation, which is in our Franchise Disclosure Document. This includes our affiliate performance and sales history with a gross profit model. This can be a useful tool to help you evaluate the revenue potential for your Wise Coatings business.
Can I visit a location to see if I like what Wise Coatings is all about?
A. Yes! After filling out our application form and being approved to become a partner with us, you can come out to Orlando, FL, for a Immersion Day. Every month, we host a Immersion Day for potential franchisees like you to experience a day in the life of a Wise Coatings Partner.
