Color Glo International offers repair and restoration services for leather, vinyl, velour, hard plastics, fabrics, carpets, and wood grain panels. The franchise specializes in automotive and household surface restoration.
Key Insights
- Color Glo International emerged when founders recognized significant opportunities to transform traditional service delivery methods within their market, developing innovative approaches that addressed specific customer pain points and established new standards for quality and reliability in the industry.
- Documentation processes create comprehensive records that support insurance claims, warranty protection, and future maintenance needs, providing property owners with detailed information about restoration work and materials used for long-term reference and peace of mind.
- Market education efforts help consumers understand the value of professional versus amateur service providers, creating opportunities for qualified businesses to demonstrate expertise and build customer relationships through superior service quality and reliable performance.
Franchise Fee and Costs to Open
Exploring the financial picture of Color Glo International gives insight into both the upfront commitment and the potential revenue opportunity. According to FDD Item 7, opening this franchise typically involves an investment in the range of $63,300 - $68,375, along with a franchise fee of $44,000 - $44,000.
Financial Performance and Revenue
Yearly gross sales of $77,472 and estimated earnings of $9,297 - $11,621 show the potential financial performance of this franchise. These figures are crucial for prospective franchisees as they help to project revenue and profitability. They offer insight into the business's ability to generate income and can be used to compare its performance against other investment opportunities. The Franchise Payback Period of 6.8-8.8 provides an estimation of the time it might take for an owner to recover their initial investment. This metric is a key consideration for anyone evaluating the financial viability of a franchise, as it relates directly to the speed at which the business can become profitable. A shorter payback period can indicate a faster return on capital, which is a significant factor in making an informed decision about a franchise investment.
Training and Resources
Color Glo International provides comprehensive initial training for new franchisees. This program, lasting approximately two weeks, takes place at their Florida headquarters. The franchisor offers a full spectrum of resources, including operational manuals and marketing materials. Color Glo International also recommends ongoing support and continued education opportunities.
Legal Considerations
Legal considerations for a Color Glo International franchisee are outlined in the Franchise Disclosure Document (FDD) and the Franchise Agreement. Note that this franchise discloses lawsuits and/or bankruptcy information in its FDD, which may impact your evaluation. Subscribe now to access more details and be sure to consult a qualified attorney before proceeding.
Challenges and Risks
Operating a Color Glo International franchise involves considerations such as understanding local market dynamics, including existing service providers and customer demand. franchisees will navigate the operational complexity of managing a team and ensuring consistent service delivery. Reliance on specific product and equipment supply chains, and the importance of maintaining strong relationships with suppliers, are also factors to consider for sustained business performance.
Franchise Datasheet
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