7111-7115 Ohms Ln.
Minneapolis, MN 55439-2158
800#: (800) 333-8523
Tel: (612) 835-1338
Fax: (612) 835-1395
E-Mail: [email protected]
Web Site: www.colorglo.com
Contact: Mr. Scott L. Smith, Director of Marketing
The leader in the leather and fabric restoration and repair industry. From automotive to marine to aircraft to all-leather furniture, COLOR-GLO leads the way with innovative products and protected application techniques. We serve all US and foreign car manufacturers.
Franchisor Background
| Established: |
1975; |
First Franchise: |
1984 |
| Franchise Units: |
209 |
| Company-Owned Units: |
1 |
| Total Units: |
210 |
Distribution:
U.S. -- 188;
Canada -- 1;
International -- 21
> North America -- Operations in NR
> States/Provinces with Greatest Density: 15 in FL, 12 in OR, 10 in CA
|
| Projected New Units Over Next 12 months: 50 |
| Franchisee Qualifications: 4, 4, 3, 4, 3, 3
(for an explanation
click here) |
| Registered in Following Registration States: All States |
| Average Number of Employees: 1 FT (FT = Full Time, PT = Part Time) |
| Space Needs: N/A SF; N/A
(for abbreviations click here) |
Financial Requirements
| Cash Investment: |
$15-20K |
|
| Total Investment: |
$18-30K; |
|
Average Total Investment: |
$24K |
|
| Minimum Net Worth: |
$20K |
|
| Fees: |
Franchise: |
$7.5K; |
Average Franchise Fee: |
$7K |
|
Royalty: |
2-4% |
|
Advertising: |
0% |
| Provide Earning Claim Statement: Yes
|
Terms of Contract
| Term of Contract (Years): |
10/5 |
| Passive Ownership: |
Allowed |
| Encourage Conversions: |
N/A |
| Area Development Agreements: |
Yes/10 |
| Sub-Franchising Contracts: |
Yes |
| Expand In Territory: |
Yes |
Franchisor Support and Training Provided
| Financial Assistance: |
Yes(I) (D = Direct; I = Indirect; B = Both) |
| Site Selection Assistance: |
N/A |
| Lease Negotiation Assistance: |
N/A |
| Cooperative Advertising: |
Yes |
| Franchisee Assoc. / Member: |
Yes/Yes |
| Size Of Corporate Staff: |
20 |
| On-Going Support: |
B,C,D,G,H,I
(for an explanation click
here) |
| Training: |
2 Weeks On-Location. |
Franchisor's Specific Expansion Plans
| U.S.: |
All United States |
| Canada: |
All Canada |
| Overseas: |
All Countries |
Note: NR = No Response by Franchisor.
For a sample questionnaire click here.