As most companies are feeling the strain of the recession, Fresh Coat, one of the painting industry’s first and fastest growing professional interior painting franchises with a presence in 72 markets, is experiencing record-setting growth.
Thanks in part to a housing market that has created an increased demand for the home service sector, Fresh Coat experienced a 27.1 percent increase in total system revenue in 2008 over 2007 and sold 29 new franchise units last year.
Solidifying their growth, the company was recently ranked #35 in the Fast 55 by Franchise Times. Fresh Coat’s sales are skyrocketing associated to the economic slowdown as more homeowners continue to seek affordable ways to freshen up their homes, either to sell or update for their own enjoyment.
“Despite economic hardships, the home services industry is flourishing and Fresh Coat continues to experience outstanding growth,” said Fresh Coat President Ralph Martin. “Most people recognize that painting the rooms of their home is a quick, simple and affordable way to get a significant return on investment for their house. This is an incredibly important factor in today’s economy which has solidified Fresh Coat as a recession-resistant business.”