Joining the "royal court" of the King's Paint & Hardware Group of companies offers entrepreneurs the ideal vehicle to truly own and manage their own business. Having experienced the day-to-day frustrations, politics and exorbitant franchise fees charged by players in the paint retail industry first hand, Gary Hinde endeavoured to build a company that is flexible, successful and profitable to all its store owners.
There are currently two options available for individuals wishing to join King's Paint:
- purchasing a business model; or alternatively
- converting an existing paint store.
Becoming Part of the King's Paint Franchise
Becoming part of a Franchise such as King's Paint can be one of the most rewarding and profitable careers for anyone from any walk of life. There
are, however, a few considerations that must be taken into account by
any would-be investor. In order to effectively evaluate whether or not
you'd be successful as a King's Paint store owner, you have to know your
own strengths and weaknesses:
- Start by creating your own personal model of who you are
- How do you see your business life and personal lifestyle as the owner of a King's Paint store? What are you good at, and why?
- Be honest about who you are and what you want
- If you don't want to sacrifice your week-ends or deal with staff then make a note of your objections.
- Do you understand what will be expected of you?
- King's Paint & Hardware will provide you with the blue-print for business success - you will have to do the rest.
- Do you have the endurance needed to stay the course, even in the tough times?
Running your own business, has its ups and downs. Are you prepared?
- Do you have family support?
- Owning a King's Paint & Hardware store is a full-time job requiring sacrifices of personal and family time.
- Family members should be supportive of the decision to buy into this opportunity.
- Am I willing to completely follow the King's Paint system? / Whilst the Franchise model allows store owners more decision-making power and autonomy than a franchise, duplication and adherence to the King's Paint formula is key to our ongoing success.
- Store owners have to be prepared to conform to those rules.
- Can I afford the investment?
- One of the major causes of business failure is under
capitalization.
- Make sure you have enough money to not only open the business, but run it until it turns a profit.
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