- 2023 Franchise 500 Rank
-
#342 Ranked #370 last year
- Initial investment
-
$56K - $61K
- Units as of 2022
-
127 12% 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
-
7111-7115 Ohms Ln.
Minneapolis, MN 55439
Business Overview
- Franchising Since
- 1983 (2023-1983 years)
- # of employees at HQ
- 16
- Where seeking
-
This company is offering new franchisees throughout the US.
This company is offering new franchisees worldwide.
- # of Units
- 127 (as of 2022)
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
Information Circle - $33,000
-
Initial Investment
Information Circle - $56,300 - $61,375
-
Net Worth Requirement
Information Circle - $50,000
-
Cash Requirement
Information Circle - $50,000
-
Veteran Incentives
Information Circle - 10% off franchise fee
-
Royalty Fee
Information Circle - 4%+
-
Term of Agreement
Information Circle - 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-opsNewsletterMeetings & ConventionsToll-Free LineGrand OpeningOnline SupportSecurity & Safety ProceduresField OperationsProprietary SoftwareFranchisee Intranet Platform
- Marketing Support
-
Co-op AdvertisingAd TemplatesNational MediaRegional AdvertisingSocial MediaSEOWebsite DevelopmentEmail MarketingLoyalty Program/App
Operations
Additional details about running this franchise.
- Is absentee ownership allowed?
- No
-
Can this franchise be run from home/mobile unit?
Information Circle - Yes
-
Can this franchise be run part time?
Information Circle - No
- # of employees required to run
- -5
-
Are exclusive territories available?
Information Circle - Yes
Interested in ownership opportunities like Color Glo? Request a free consultation with a Franchise Advisor now.
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 #342 in 2023
Entrepreneur’s 44th annual Franchise 500® ranking shines a light on the unique challenges and changes that have shaped the franchise industry over the last year—and how franchisors have adapted and evolved to meet them.
Ranked #86 in 2023
Check out the top franchises that offer you the freedom of working from home or on-the-go.
Ranked #167 in 2023
If you're interested in an opportunity with international appeal, start your search with our ranking of the top franchises seeking to expand outside the U.S.
Ranked #49 in 2023
Buying a franchise on a budget? No problem. Here are the top franchises that can be started for less than $100,000. For more low-cost opportunities, see our lists of franchises that can be started for less than $50,000 and less than $150,000.
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