Color Glo International
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here to link to Color Glo’s detailed company profile
Color Glo International is the world leader in restoration and repair of leather, vinyl, velour, cloth and hard plastics commonly found in the markets of Automotive, Aircraft, Marine and Furniture. Formally incorporated in 1975, Color Glo began franchising in 1982. Today in hundreds of markets throughout world, Color Glo products are proven everyday to offer the correct results and best value every time they are put to the test.
Our focus is restoring and repairing common defects such as worn and faded interior components such as leather upholstery, headliners, burns and broken plastic or composite molding. These problems are found in the interior of every automobile, RV, truck sports vehicle, plane or boat in use today.
| |
Operating Units |
12/31/2008 |
12/31/2009 |
12/31/2010 |
|---|
| | Franchised |
108 |
106 |
125 |
| | % Change | -- |
-1.9% |
17.9% |
| | Company-Owned | 0 | 0 | 0 |
| | % Change | -- |
-- |
-- |
| | Total |
108 |
106 |
125 |
| | % Change | -- |
-1.9% |
17.9% |
| | Franchised as % of Total | 100.00% | 100.00% | 100.00% |
Investment Required
The initial franchise fee for a Color Glo franchise is $25,000.
Color Glo provides the following range of investments required to open your initial franchise. The range assumes that all items are paid for in cash. To the extent that you choose to finance any of these expense items, your front-end investment could be substantially reduced.
| |
Item | Established Low Range | Established High Range |
| | Franchise Fee |
$25,000 |
$25,000 |
| |
Start-Up Fee |
$19,500 (plus shipping) |
$19,500 |
| |
Travel Expenses While Training |
$500 |
$25,000 |
| |
Equipment and Supplies |
$200 |
$300 |
| |
Working Capital |
$500 |
$1,500 |
| |
Additonal Funds (3 months) |
$300 |
$1,000 |
| |
Total Investment |
$46,000 |
$49,800 |
On-going Expenses
Color Glo franchisees pay a maintenance fee equal to 4% of gross sales or $150.00 per month, whichever is greater, $200.00 for the second full year or $300.00 a month following a full year of business.
Other on-going fees include an annual license fee and product purchases, an audit fee, and insurance.
Franchisee Satisfaction
A critical component of the due diligence process is that you, as a prospective franchisee, have a strong sense of existing franchisee satisfaction. Click here to download a summary of a recent independent survey of Color Glo's existing franchisees conducted by the Franchise Research Institute. You can also click here to download direct quotes from franchisees about their experience with Color Glo, taken from the same survey. Please note that, in order to ensure that the comments were candid (both good and bad), franchisee names were intentionally withheld from the report provided to the franchisor.
How do you rate Color Glo in terms of: |
Rating* |
|
|
Overall Quality of Franchisor |
100% |
|
|
Overall Training and Support Supplied by the Franchisor |
99% |
|
|
Quality of Products and/or Services Received From Franchisor |
100% |
General Opportunity Provided by Franchisor System |
100% |
|
|
* Independent Audit of Existing Franchisees Who Rated Color Glo as Excellent, Very Good, or Good |
What You Get–Training and Support
Color Glo will provide you with a schedule of all supplies and equipment approved by the Franchisor, provide you with an initial supply of Color Glo products, and
provide one copy of Color Glo's Operating Manuals.
Color Glo also offers a comprehensive 3-week training course, begun within 90 days of execution of the Franchise Agreement. CGI’s classroom instructor has ten years of experience. The field training is done by a franchisee with a minimum of ten years of experience. Refresher training and additional training is conducted during regional seminars and our annual seminar in Minneapolis. Color Glo provides additional training for new products and services introduced at the annual International Seminar.
During the operation of the franchise business, Color Glo will provide certain advertising production materials, inspect your business as often as Color Glo deems necessary,
protect the Marks and Business System, and provide supplements and modifications to the Operating Manuals.
Territory
Color Glo does grant exclusive territories.
Note: The tables and information regarding the number of operating units, investment required, on-going expenses, training and territory grants were taken from the company’s 2011 FDD. The 2011 write-ups will be incorporated into the 2012 Edition of Bond’s Hottest New Franchises publication.
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