- 2024 Franchise 500 Rank
-
#229 Ranked #342 last year
- Initial investment
-
$56K - $61K
- Units as of 2023
-
138 0.7% over 3 years
From working on the interiors of cars, boats, and planes to homes, hospitals, and businesses, Color Glo has recolored and repaired damaged leather, vinyl, fabric, carpet, cloth, velour, wood grain, hard plastics, and other items since 1975.
Whether burnt, broken, worn, or faded, Color Glo uses high-quality, water-based, and earth-friendly products to restore and repair damaged interiors of vehicles, airplanes, homes, and workplaces. Color Glo started franchising in the U.S. in 1983 and has since branched out to over 50 countries worldwide, including Canada. There are more than 50 franchises located in the United States, as well as another 50+ internationally.
Why You May Want to Start a Color Glo Franchise
Color Glo built its reputation on a legacy of service to customers, franchisees, and the community. Color Glo expects its franchisees to have the same desire to produce the right results every time.
Opening a Color Glo franchise may offer a more predictable outcome than investing in a completely new brand that could struggle to thrive in an already crowded and competitive industry.
Opening a Color Glo franchise is opening a complete turn-key business. As a turn-key business, this may eliminate the need to find a location, negotiate a lease, and do all the other hard work associated with starting a business from scratch.
What Might Make a Color Glo Franchise a Good Choice?
Color Glo is Federal Aviation Administration (FAA) accepted; owning this franchise may open you to a wide range of clients. You also get exclusive territorial rights, full support, and back-up 24/7 throughout the year. In addition, you'll receive a national or international website for clients, suppliers, and other interested parties that may make it easy to reach you and your franchise.
To be part of the Color Glo team, you should make sure you're financially ready for an initial investment made up of a franchise fee and other startup costs. You should also be prepared for ongoing fees that will include royalty fees. Franchisees will also need to meet the company's set net worth and liquid capital requirements.
How To Open a Color Glo International Franchise
Before making any financial commitment or signing an agreement, you must perform your due diligence and establish if this is the right opportunity for you. As part of your due diligence, you may want to speak to existing franchisees and ask the Color Glo franchising team questions.
Other existing Color Glo franchisees will guide franchisees through the certified Color Glo training program at their facilities. This training takes multiple weeks, is fully paid for by Color Glo, and provides franchisees with first-hand field knowledge.
Franchisees will also receive high-quality equipment and Color Glo's proprietary products to put them on the path to the most possible growth. Ongoing support in advertising, market share development, social media, web design and maintenance, new product development, new techniques, seminars, newsletters, and more are available.
Once you've completed the training, it will be time to glow.
Company Overview
About Color Glo
| Industry | Maintenance |
|---|---|
| Related Categories | Leather & Vinyl Repair, Miscellaneous Home-Improvement Businesses, Restoration Services |
| Founded | 1975 |
| Parent Company | CGI Int'l. Inc. |
| Leadership | Gary Smith, President |
| Corporate Address |
9825-35 W. 74th St. Eden Prairie, MN 55344 |
| Social | Facebook, Twitter, LinkedIn, Instagram, YouTube, Pinterest |
Business Overview
| Franchising Since | 1983 (41 years) |
|---|---|
| # of employees at HQ | 16 |
| Where seeking |
This company is offering new franchises throughout the US. This company is offering new franchises worldwide. |
| # of Units | 138 (as of 2023) |
|
|
|
Information for Franchisees
Here's what you need to know if you're interested in opening a Color Glo franchise.
Financial Requirements & Ongoing Fees
Here's what you can expect to spend to start the business and what ongoing fees the franchisor charges throughout the life of the business.
|
Initial Franchise Fee
|
$33,000 |
|---|---|
|
Initial Investment
|
$56,300 - $61,375 |
|
Net Worth Requirement
|
$50,000 |
|
Cash Requirement
|
$50,000 |
|
Veteran Incentives
|
10% off franchise fee |
|
Royalty Fee
|
4%+ |
|
Term of Agreement
|
10 years |
| Is franchise term renewable? | Yes |
Financing Options
Some franchisors offer in-house financing, while others have relationships with third-party financing sources to which they refer qualified franchisees.
| In-House Financing | Color Glo offers in-house financing to cover the following: equipment, inventory |
|---|---|
| Third Party Financing | Color Glo has relationships with third-party sources which offer financing to cover the following: franchise fee, startup costs, accounts receivable, payroll |
Training & Support Offered
Franchisors offer initial training programs and a variety of ongoing support options to help franchisees run their businesses.
| On-The-Job Training | 40 hours |
|---|---|
| Classroom Training | 80 hours |
| Ongoing Support |
Purchasing Co-ops
Newsletter
Meetings & Conventions
Toll-Free Line
Grand Opening
Online Support
Security & Safety Procedures
Field Operations
Proprietary Software
Franchisee Intranet Platform
|
| Marketing Support |
Co-op Advertising
Ad Templates
National Media
Regional Advertising
Social Media
SEO
Website Development
Email Marketing
Loyalty Program/App
|
Operations
Additional details about running this franchise.
| Is absentee ownership allowed? | No |
|---|---|
|
Can this franchise be run from home/mobile unit?
|
Yes |
|
Can this franchise be run part time?
|
No |
| # of employees required to run | -5 |
|
Are exclusive territories available?
|
Yes |
Franchise 500 Ranking History
Compare where Color Glo landed on this year's Franchise 500 Ranking versus previous years.
Additional Rankings
Curious to know where Color Glo ranked on other franchise lists? Find out below.
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