A painting business plan outlines your goals, target market, services, pricing, marketing, financial projections and procedures. It gives direction by defining purpose, objectives and audience. Creating a website with Wix can help get your painting business off the ground.
The plan helps:
- Articulate where your business is headed by defining purpose, objectives and audience
- Highlight starting cash position which is key for reaching break-even point
Making the leap to entrepreneur is easier than you might expect. Being a painting business owner allows you to look forward to getting up for work.
- Decide your painting services
- Choose a business structure
- Register your business
- Get business licenses
- Set up bookkeeping and accounting
- Purchase painting equipment
- Hire employees
- Brand and market your business
The sources and uses table shows where capital to set up the business will come from and how it will be spent. It sizes the investment required and understands risk distribution.
To succeed as a painter and get clients, skills to master include:
- Understanding equipment
- Developing brush stroke skills
- Knowledge of different finishes
- Ability to prepare surfaces
- Business skills like marketing and accounting
What do you need to start a painting business? You need to provide a satisfactory job to your clients and know how to run your business smoothly. Working for someone else in the business can help you understand how the industry works and get hands-on experience.
As a painting business owner, you could offer services like interior and exterior painting, color consultation, wallpaper installation, decorative finishes and more. The demand for professional painting services is high. The “do it for me” trend is gaining momentum, with homeowners moving away from DIY projects.
Here are some top reasons to start a house painting business:
- The painting business is expected to grow 5% between 2020 and 2026.
- Low startup costs. You can develop painting skills quickly and with little effort.
Licensing requirements vary. Check your state and city to see if a license is needed to start a painting business.
Most painting businesses are profitable thanks to low startup costs and high profit margins.
How do you price a painting job? Some contractors base it on square footage, others on paint costs or job duration and materials.
- Paint brushes in various sizes
- Drop cloths
- Paint trays
- Paint roller and frames
- Painter’s tape
- Caulk and caulking gun
- Sandpaper
- Paint scraper
- Ladders
- Personal protective equipment
Before starting a business, hone painting skills and become an expert in your craft.
Key skills painters need:
- Understanding painting tools and equipment
- Brushwork abilities
- Knowledge of different paints and finishes
- Preparing surfaces properly
- Business skills like marketing and accounting
The barrier to entry is low for a painting business since extensive education and certification isn’t required. Employees can learn quickly on the job.
Housing is resilient, so homeowners invest in maintenance like new paint regardless of economic conditions. A fresh coat always increases curb appeal.
Carrying out market research before writing a business plan for a painting company is essential. It helps you understand your target customer base, competitors, pricing strategies and other key factors which can impact success.
When stepping into painting, having a plan can help:
- Gives clear direction by defining purpose, objectives and audience
- Highlights starting cash position which is key for reaching break-even
What Is a Painting Business Plan?
A painting business plan is important to start a business in the industry. Before asking for financial help, business plans are required.
How to Write a Painting Business Plan:
- Executive Summary
- Industry Overview
- Products & Services
- Target Market
- Competitor Analysis
- Marketing Plan
- Operations Plan
- Management Team
- Financial Plan
- Appendix
Learn how to create the perfect business plan for your painting business with our template and guidebook.
Painting Business Plan Template & Guidebook
Our template and guidebook have everything needed to create a simple, step-by-step plan for launching and growing a painting business.
Essential painting business plan sections:
- Develop a painting business plan outlining all aspects
- Choose an appropriate legal business structure
- Register and license your painting business
- Set up bookkeeping and accounting
- Purchase painting equipment
- Brand and market your painting services
- Hire employees to help scale your operations
Painting skills to master:
- Understanding tools and equipment
- Brushwork abilities
- Knowledge of different paints
- Preparing surfaces properly
- Business skills like marketing
The business is also flexible – take on as much or as little work as you want.
A fresh coat always increases home value. If you have painting skills, a house painting business presents great opportunities.