In a market in constant transformation, Paint store franchises emerge as a solid and profitable business model in Argentina. From historical brands to new proposals, these chains managed to expand rapidly, relying on a strategy that combines the support of large companies with the flexibility of small entrepreneurs.
The key fact is that the painting industry finds in the franchise model a strategy to grow in a competitive market. Closeness to the client and personalized services drive the sector. Below are various options for investors.
Colorshop is one of the most important paint chains in the country with more than 300 stores in operation. The company offers in its establishments the entire complete line of Sinteplast, which covers architectural, automotive, industry and construction.
The firm offers the franchisee all the know-how not only for setting up the business but also for its operation. The estimated amount that an investor must disburse, depending on the size of the premises, is around $19 million plus taxes. For its part, the average annual turnover of the location is estimated at $36 million and the Recovery of the investment is projected to take between 12 to 18 months.
Among the main characteristics that Colorshop highlights for the installation of a store of its brand, is that it must have a size of around 120 m2 and preferably located on a corner.
The company also offers the turnkey model whereby the franchisee does not have to deal with the prior works of the establishment. Finally, the contract is for five years and the ideal is for the franchisee to be active in the operation.
Colorshop also has a solid online store that relies on its franchisees. Which generates additional income for the investor’s premises.
Centro pinturerías is another chain that leveraged its expansion with franchises. At the moment, It has more than 220 stores in the country and three abroad. The firm was founded in 1969 and its first franchise began operating in 1991.
The company highlights that it provides assistance in the implementation of the premises, training and permanent training. The premises must have a minimum size of 80 m2 and preferably located on an avenue with high commercial traffic and on a corner, but none of these points are exclusive.
The average total investment to install a Paint Center location is between $22 to $29.5 million plus VAT, depending on the location selected.. Meanwhile, the average annual billing is projected at $52 million plus VAT and the recovery of the investment is scheduled within a period of 18 to 24 months.
The company also offers intensive training at its plant located in the Buenos Aires town of Garín to the franchisee and his work team.
Finally, the signature Vadex Shop, which has more than 55 franchises in the country, is another alternative for investors. The company is focused on the sale of coatings, paints, waterproofing, dry construction materials and related materials. It also has operations in Uruguay, Paraguay and Bolivia.
The company projects an investment of around US$13,800 to install a store of its brand, in which they promise to accompany the franchisee not only with the start-up but also with the daily operation.
According to the firm’s data, The estimated total annual turnover of the premises is around US$117,000 and the recovery of the investment would be achieved within a period of 6 to 8 months.
The franchisee does not have to have previous experience in the field, but preferably must be active in the daily management of the premises, which in turn must have a minimum of 70 m2 and be located in an area of high commercial traffic.
Source: Ambito
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