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Lime Painting
Lime Painting franchises allow owners to operate businesses that offer project management services for high-end painting, substrate restoration, and ancillary home maintenance services like gutter cleaning and power-washing, using third-party licensed subcontractors rather than performing the work themselves. The business model involves marketing to clients, securing contracts, and managing projects to completion within a designated territory from a home office or approved premises, with a branded mobile unit. Target markets include owners and managers of high-end residential properties such as duplexes, townhomes, condos, and vacation homes, plus select low-rise commercial facilities.
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Franchise Costs
7% royalty (tiered to 4% on higher sales) + up to 3% brand fund + $900/mo technology + $1,500/mo digital marketing + $500/mo local advertising
Financial Performance
Item 19 Financial Performance
Data Based On: Data for 14 Franchise Owners operating in 30 Territories during the 2023 calendar year (Measurement Period).
* 1. `average_gross_revenue`: Taken directly from the "Projects Sold" table, "All (14)" row, "Average Amount" of $1,095,451. 2. `median_gross_revenue`: Taken directly from the "Projects Sold" table, "All (14)" row, "Median Amount" of $734,675. 3. `revenue_top_quartile`: Taken directly from the "Projects Sold" table, "Top 25% (3)" row, "Average Amount" of $2,577,944. 4. `revenue_bottom_quartile`: Taken directly from the "Projects Sold" table, "Bottom 25% (4)" row, "Average Amount" of $381,523. 5. `average_gross_profit`: Calculated by multiplying `average_gross_revenue` ($1,095,451) by the "All (14)" average "Gross Profit Margin" (46% or 0.46) from the "Gross Profit Margin" table. Result: $1,095,451 * 0.46 = $503,907.46. 6. `average_net_profit`: Calculated by multiplying `average_gross_revenue` ($1,095,451) by the "All (14)" average "Adjusted Earnings Margin" (20% or 0.20) from the "Adjusted Earnings Margin" table. This margin is defined as Gross Profit minus Certain Marketing and Operation Expenses. Result: $1,095,451 * 0.20 = $219,090.20. 7. `average_net_income`: Assumed to be equivalent to `average_net_profit` ($219,090.20) based on the "Adjusted Earnings Margin" being the closest provided metric to a net income/profit, and the introductory text on page 1 mentioning "Adjusted Net Income". 8. `ebitda_margin_pct`: Set to the "All (14)" average "Adjusted Earnings Margin" (20% or 0.20), as it represents an operating margin (Gross Profit less certain operating expenses) and is the closest available proxy to an EBITDA margin. No explicit EBITDA was provided. 9. `best_guess_profit_low`: Calculated by multiplying `average_gross_revenue` ($1,095,451) by the "Low Amount" of "Adjusted Earnings Margin" (7% or 0.07) from the "Adjusted Earnings Margin" table. Result: $1,095,451 * 0.07 = $76,681.57. 10. `best_guess_profit_high`: Calculated by multiplying `average_gross_revenue` ($1,095,451) by the "High Amount" of "Adjusted Earnings Margin" (43% or 0.43) from the "Adjusted Earnings Margin" table. Result: $1,095,451 * 0.43 = $471,043.93.
Extracted Item 19 Section
Avg. Revenue: $1,095,451
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Unlock financial performance dataLime Painting Franchise Analysis
Lime Painting flips the traditional painting franchise script by focusing on project management rather than wielding the brushes, outsourcing to subs for high-end residential gigs. With Item 19 financials in play and a fresh SBA loan trail, this six-year-old system hints at scalable service potential without the labor grind. Yet, does rapid growth mask maturing pains, or is the model primed for bigger territories?
Franchising since 2018, Lime Painting expanded from 65 to 78 locations last year—a solid +20% clip—but projects just 3 new units ahead, signaling potential slowdown after early momentum. Item 7 pegs entry via a $60,000 franchise fee, with ongoing hits like 7% royalties (tiering down to 4% on high-volume sales), up to 3% brand fund, $900/month tech fee, $1,500/month digital marketing, and $500/month local ads—stacking to notable ongoing costs. System health shows 79 franchise spots plus 3 corporates, 7 transfers (suggesting some resales), and 30 SBA loans averaging $128K with a 6.7% default rate, better than many startups but worth eyeing.
Item 19 shines with average gross revenue at $1,095,451 and median $734,675 across units, but that 0% EBITDA margin screams red flag—profits hinge on tight management amid fees and ops. Estimated profits range $76,682 low-end to $471,044 high, fitting a home-based model with branded vans targeting luxury homes and condos. For investors, the trajectory means strong top-line proof but profitability questions; median sales lag average by 33%, hinting at star units boosting averages while many grind at breakeven. If you chase service plays without crews, data supports vetting top performers closely.
Analysis based on the 2024 Franchise Disclosure Document. All figures should be independently verified before making investment decisions.
How Lime Painting Compares
| Franchise | Investment | Fee | Royalty | Locations |
|---|---|---|---|---|
Lime Painting Current | N/A | $60K | 7.0% | 79 |
| BUDGET BLINDS | $101K – $211K | $20K | 3.5% | 1,366 |
| Koala Insulation | $195K – $242K | $50K | 6.5% | 333 |
| Five Star Bath Solutions | $162K – $334K | $60K | 6.0% | 306 |
| CERTA PROPAINTERS | $171K – $321K | $65K | N/A | 303 |
| FCI | $184K – $249K | $55K | 5.0% | 288 |
Home Improvement Average 64 franchises | $139K – $246K | $51K | 6.2% | – |
* Comparison based on latest FDD filings. Investment ranges from Item 7, fees from Item 5. Showing top 5 of 64 Home Improvement franchises by location count.
Locations & Growth
Outlet Growth Over Time
Total outlets at end of each year
Geographic Distribution (2023)
Outlets by state across the United States
+6 more states
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Unlock location growth dataSBA Loan History
Historical SBA 7(a) loan data for Lime Painting franchisees (2019 – 2025)
Loans by Year
SBA 7(a) loan activity over time
* Data sourced from SBA 7(a) FOIA loan records. Default rate calculated from charged-off loans.
30 SBA loans on record
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Unlock SBA loan historyFranchisee Contacts
15 franchisee contacts on file from official FDD filings.
15 Contacts Available
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Unlock contactsDue Diligence
Litigation (Item 3)
Bankruptcy (Item 4)
System Health (Item 20)
Franchise system changes reported in the most recent fiscal year
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Unlock due diligence reportsFrequently Asked Questions
Lime Painting does disclose financial performance data (Item 19) in their 2024 FDD, including average and median gross revenue figures. Get full access to see the exact revenue numbers and detailed financial breakdown.
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