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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.

Since 2018ServicesGreenwood Village, COLIME Holdings, LLCwww.LIMEpainting.com
2024 FDDItem 19 AvailableSBA Loan Data

Disclaimer: This information was extracted using AI from public Franchise Disclosure Documents and should be independently verified. This is not financial or legal advice. Always review official FDD filings before making investment decisions.

Overview

Investment
N/A
Franchise Fee
$60,000
Locations
79

Financial Requirements

Franchise Fee$60,000
Initial Investment RangeN/A
Royalty Rate7.00%
Brand Fund3.00%
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

Franchise Stats

Franchise Locations79
Corporate Locations3
States Operating22
Franchising Since2018
FDD Year2024

Financial Performance

Item 19 Financial Performance

Average Gross Revenue
$1,095,451
Median Gross Revenue
$734,675
EBITDA Margin
20.00%
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

How Lime Painting Compares to Other Home Improvement Franchises

FranchiseInvestment RangeFranchise FeeRoyaltyLocations
Lime Painting
Current
N/A$60K7.0%79
BUDGET BLINDS$101K - $211K$20K3.5%1,366
Koala Insulation$189K - $234K$50K6.5%395
CERTA PROPAINTERS$171K - $321K$65KN/A303
FCI$184K - $249K$55K5.0%288
That 1 Painter$113K - $189K$59K6.0%265
Home Improvement Average
63 franchises
$140K - $247K$52K6.2%-

* Comparison based on latest FDD filings. Investment ranges from Item 7, fees from Item 5. Showing top 5 of 63 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 by Outlet Count
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

SBA Loan History

Historical SBA 7(a) loan data for Lime Painting franchisees (2019 - 2025)

Total Loans
30
Average Loan Amount
$127,983
Total Loan Volume
$3,839,500
Default Rate
6.7%

Loans by Year

* Data sourced from SBA 7(a) FOIA loan records. Default rate calculated from charged-off loans.

Franchisee Contacts

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Due Diligence

Litigation (Item 3)

Franchisee Litigation Cases0

No litigation involving franchisees reported in the FDD.

Bankruptcy (Item 4)

Bankruptcy HistoryNo

No bankruptcy history reported in the FDD.

System Health (Item 20)

Franchise system changes reported in the most recent fiscal year

Terminations
0
Non-Renewals
0
Reacquired by Franchisor
1
Ceased Operations (Other)
0
System Transfers
7
Sold to Franchisees
0
Projected New Franchises
3

Frequently Asked Questions

How much revenue does a Lime Painting franchise make?

According to the 2024 FDD, the average gross revenue for a Lime Painting franchise is $1,095,451. The median revenue is $734,675.

How much profit can you make with a Lime Painting franchise?

Based on the financial performance data in the FDD, estimated profit for a Lime Painting franchise ranges from $76,681.57 to $471,043.93 per year. Actual results vary based on location, management, and market conditions.

How many Lime Painting franchise locations are there?

As of the 2024 FDD, Lime Painting has 79 franchise locations. The company has been franchising since 2018.

Can you get an SBA loan for a Lime Painting franchise?

Yes, SBA loans are available for Lime Painting franchises. Historical data shows 30 SBA 7(a) loans have been approved for Lime Painting franchisees, with an average loan amount of $127,983. The historical default rate is 6.7%.

Is Lime Painting a good franchise to buy?

Lime Painting shows several positive indicators: transparent financial performance data (Item 19), low SBA loan default rate. However, franchise success depends on many factors including location, local market conditions, and owner involvement. We recommend speaking with existing franchisees and consulting with a franchise attorney before making a decision.

Interested in Lime Painting?

Talk to a franchise advisor to get personalized guidance and learn if Lime Painting is the right fit for you.

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Lime Painting Franchise Cost & FDD Analysis 2024 | FranDB