2021 Franchise 500 Rank
#363 Ranked #294 last year
See the Full List
Initial investment
$56K - $61K
Units as of 2020
137 3.5% over 3 years

Company Overview

After years in the automotive reconditioning industry, C. Everett Smith was not satisfied with the quality of existing products. So when he started Color Glo, he opened his own research and development labs and hired chemists to develop a proprietary line of restoration and repair products. Color Glo's original eight products have now grown to over 100. Color Glo franchisees use these products to clean, repair and re-dye leather, vinyl, fabric, carpet, plastic, fiberglass and other materials. They serve both residential and commercial customers, including the automotive, marine and aviation markets.

About Color Glo

Industry
Maintenance
Founded
1975
Parent Company
CGI Int'l. Inc.
Leadership
Gary Smith, President

Franchising Overview

Franchising Since
1983 (38 years)
# of employees at HQ
16
# of Units
137 (as of 2020)

Franchisor Information

Corporate Address
7111-7115 Ohms Ln.
Minneapolis, MN 55439

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
Marketing Planning & Support
Social Media
SEO
Website Development
Email Marketing
Loyalty Program/App

Operations

Additional details about running this franchise.

Is absentee ownership allowed?
Yes
Can this franchise be run from home/mobile unit?
Yes
Can this franchise be run part time?
No
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.

Ranked #363

Franchise 500 Ranking

Ranked #62

Top Global Franchises

Ranked #126

Top Franchises for Veterans

Ranked #62

Top Franchises for Less Than $100,000

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Disclaimer
The information on this page is not intended as an endorsement or recommendation of any particular franchise by Entrepreneur Media. Our franchise listings and rankings are solely research tools you can use to compare franchise operations. Entrepreneur stresses that you should always conduct your own independent investigation before investing in a franchise. That should include reviewing the franchisor's legal documents, consulting with an attorney and an accountant, and talking to former and current franchisees.
Updated: February 8th, 2021