Five Star Painting Inc. continues to be a big success story in the slumping home services market.
Despite a sluggish economy, the painting franchisor posted a 45% percent gain in individual franchise revenue for 2010 and expanded its franchise system nationally and internationally. It is Five Star Painting’s fourth consecutive year of double digit growth.
“The fed says the recession is now over, but we posted positive gains throughout,” said Scott Abbott, Five Star’s CEO. “Painting is a $16 billion business in the U.S. alone, and that figure will continue to grow as more Baby Boomers opt to stay in their homes and tough credit markets create greater demand for rental property.”
Five Star Painting is doing well because it delivers what today’s consumers want — top-quality work and excellent customer service. Franchising since 2005, Five Star Painting set out to upgrade the image of the painting industry, positioning its local owners and their workers as reliable professionals.