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Lime Painting

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.

79locations
Since 2018
ServicesGreenwood Village, COLIME Holdings, LLCwww.LIMEpainting.comDisclaimer

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Franchise Costs

Franchise Fee
$60,000
Initial Investment
N/A
Royalty Rate
7.00%
Brand Fund
3.00%
Fixed Monthly Fees
$2,900 – $2,900

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

Average Gross Revenue
$1,095,451
Median Gross Revenue
$734,675
EBITDA Margin
20%
Top Quartile Revenue
$2,577,944
Bottom Quartile Revenue
$381,523
Average Net Income
$219,090.2
Average Net Profit
$219,090.2
Average Gross Profit
$503,907.46

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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Lime 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

FranchiseInvestmentFeeRoyaltyLocations
Lime Painting
Current
N/A$60K7.0%79
BUDGET BLINDS$101K – $211K$20K3.5%1,366
Koala Insulation$195K – $242K$50K6.5%333
Five Star Bath Solutions$162K – $334K$60K6.0%306
CERTA PROPAINTERS$171K – $321K$65KN/A303
FCI$184K – $249K$55K5.0%288
Home Improvement Average
64 franchises
$139K – $246K$51K6.2%

* 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

Top States
1TX
14
2IL
8
3NJ
5
4AZ
5
5NC
5
6OH
5
7CA
4
8CO
4
9ID
4
10GA
3
11TN
3
12MA
3
13FL
3
14MO
2
15OK
2

+6 more states

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SBA Loan History


Historical SBA 7(a) loan data for Lime Painting franchisees (20192025)

Total Loans
30
Average Loan
$127,983
Total Volume
$3.8M
Default Rate
6.7%

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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Franchisee Contacts

15 franchisee contacts on file from official FDD filings.

15 Contacts Available

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Due Diligence


Litigation (Item 3)

Franchisee Cases0
No litigation involving franchisees reported

Bankruptcy (Item 4)

Bankruptcy HistoryNo
No bankruptcy history reported

System Health (Item 20)

Franchise system changes reported in the most recent fiscal year

Terminations
0
Non-Renewals
0
Reacquired
1
Ceased Ops
0
Transfers
7
Sold to Franchisees
0
Projected New
3

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Frequently 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.