EverLine Coatings and Service franchise has become a pinnacle in the franchise industry.
Its commitment to excellence and customer satisfaction has made it a leading brand in pavement maintenance services.
Now, without further ado, let’s get started on understanding the financial requirement to open EverLine Coatings and Services franchise.
About EverLine Coatings And Service
EverLine Coatings and Services is a leading company that provides the services of professional line painting and pavement maintenance.
The company was founded in the year 2012 by James Evans (CEO) in Alberta, CA.
It has also achieved awards for demonstrating superior franchising relationships, leadership, communication, and training.
The very recent award of the company is the 2023 recipient of the Canadian Franchise Association (CFA) Awards of Excellence in Franchising Grand Prize and 2023 recipient of the Franchisees’ Choice Designation 2023 recipient of the Canadian Franchise Association (CFA) Gold award.
With a strong focus on innovation and providing quality services EverLine Coatings and Services has become a trustworthy name in the franchise world.
Franchises typically have a team of professionals who work on-site. They also offer indoor line painting and durable floor coatings.
EverLine Coatings And Service Franchise- Franchise Model
| Initial Franchise Fee | $59,500 |
| Initial Investment | $148,976 – $293,967 |
| Net Worth Requirement | $250,000 |
| Liquidity Requirement | $75,000 |
| Veteran Incentives | 10% off franchise fee |
| Royalty Fee | 6% |
| Ad Royalty Fee | 2% |
How Much Does It Cost To Open EverLine Coatings And Service Franchise?
There are various costs or expenses required to open EverLine Coatings and services franchise, such as the franchise fee required by the company is $59,500.
Similarly, the initial investment required by the franchise ranges between $148,976 – $293,967
To understand the cost of opening the franchise, let’s dive deeper into learning every cost associated with EverLine Coatings and Service franchise.
| Equipment Acquisition | $9,171 to $69,400 |
| Initial Tools Purchased | $9,000 to $12,500 |
| Office Equipment, Including Computer System Hardware | $1,150 to $2,300 |
| Signage | $500 to $700 |
| Telephone System | $150 to $1,000 |
| Required Software – License Fees | $400 to $800 |
| Technology Package | $400 to $800 |
| Technology Set-up Fee | $1,500 |
| Lease Deposits in Connection with Mobile Unit and Sales Vehicle – Pre-Opening | $16,000 to $23,171 |
| Third-Party Storage/Operational Space – Lease Deposit: | $0 to $2,500 |
| Branding Collateral Package; Initial Marketing Materials | $550 to $775 |
| Training and Travel Expenses; Labor | $1,500 to $2,000 |
Training Fee | $3,500 |
| Business Licenses and Permits | $750 to $2,500 |
| Uniforms | $385 to $500 |
| Insurance – Initial Premiums (covering post-launch operations) | $2,000 to $4,000 |
| Marketing Set-up Fee | $1,000 |
| Initial Marketing Spend | $5,000 to $9,500 |
| Professional Fee | $300 to $5,000 |
| Financial Analysis: Third-Party Course Fee | $0 to $500 |
| Additional Funds – 12 Months | $25,000 to $45,000 |
| Total Estimated EverLine Coatings Franchise Costs | $127,756 to $238,446 |
EverLine Coatings And Service Franchise- Terms & Conditions
The term of the contract of EverLine Coatings and Services for the franchise are as follows:
| Franchise Agreement | |
| Term Of Agreement | 10 years |
| Is the franchise term renewable? | Yes |
In addition to the term of the agreement, you also have to maintain a liquid capital of $75,000 and should have a net worth of $250,000.
EverLine Coatings And Service Franchise- Financial Assistance
The company offers in-house financing and also has relationships with third-party through which you can source your funds without any hassle.
| In-House Financing | EverLine Coatings and Services offers in-house financing to cover the following: equipment, inventory |
| Third-Party Financing | EverLine Coatings and Services has relationships with third-party sources which offer financing to cover the following: franchise fee, startup costs, equipment, inventory |
EverLine Coatings And Service Franchise- Training & Support
EverLine Coatings franchise also provides training and support to qualified franchisees. The training and support are as follows:
| On-The-Job Training | 37 hours |
| Classroom Training | 98 hours |
They also provide marketing and ongoing support to their franchisees to run their business effectively.
Ongoing Support:
- Purchasing Co-ops
- Meetings & Conventions
- Toll-Free Line
- Grand Opening
- Online Support
- Security & Safety Procedures
- Field Operations
- Proprietary Software
- Franchisee Intranet Platform
Marketing Support:
- Ad Templates
- Social Media
- SEO
- Website Development
- Email Marketing
EverLine Coatings And Service Franchise- Operations
| Absentee ownership | Yes |
| Managed from home/mobile unit? | Yes |
| Can this franchise be run part-time? | No |
| Are exclusive territories available? | Yes |
Conclusion
The EverLine Coatings and Services franchise is a great opportunity for entrepreneurs who don’t have much experience and are totally fresh in the industry.
This is because the company provides extensive training and support to franchisees to run their business successfully.
The company has a reliable track record of success. Still, it’s mandatory that you do your own research and check all the documents, such as FDD, before signing any agreement and investing.
FAQs
Who is the CEO of EverLine Coatings and Services?
James Evans is the founder and CEO of EverLine Coatings and Services.
How much is the franchise fees?
The franchise fee required is $59,500. This fee includes the right to use the logo and name of the company.
How much does EverLine Coatings and services franchise owner make?
There is no simple answer to this question, as the revenue is highly impacted by the physical location, size, and scope of the franchise.