@gridlock ty for sharing man. I def took some of the things you said and asked about them when I talked to buddy today. and pretty much don't take on painting someone's house if I plan on having some kind of personal relationship with them in the future.
I met with the district manager again today and voiced my concerns.
I was worried about initial starting costs for equipment, legal issues, wcb issues, workers, etc.
From what he told me equipment is no problem because their suppliers do a buy now pay later deal which can be made up from the first couple jobs. Legally they help us to create contracts for both clients and workers and will back us so long as we don't do anything illegal (which is the answer I was assuming was going to be said). They work with wcb trained people (I'll still look into this myself) and that the worst buddy has seen personally with workers is he went through 20 in 2 weeks
but really that's the reality of the job I suppose.
Income works as ~25% of revenue is personal profit but 60% of that is seen in bi-weekly pay and 40% is held in a "safety account" to cover insurance, acct pmts, admin mats, and at the end when I close up the remainder is then given to me in a cheque. Buddy says he usually receives 10-15k at the end in a cheque. The rest covers their cut, labour, supplies and OH. Book keeping, taxes and payroll are all done by them which is nice so I don't have to.
Marketing seems like it'll be mostly flyer spamming/social media and free ad sites (cl/uv). Although they do help to create marketing plans with us it doesn't seem like there'll be any room in budget for anything substantial, if at all.
It seems pretty solid from what I've been told and as long as my estimates aren't retarded and I stick to my budgets and get work flow I should come out ahead. But again my source for this info right now is obviously from someone looking to hire me so is, of course, wicked biased.
I'll keep digging and share what I find.