
Colors On Parade
Mobile automotive paint and dent repair- 2023 Franchise 500 Rank
-
#362 Ranked #451 last year
- Initial investment
-
$21K - $98K
- Units as of 2022
-
220 0.0% over 3 years
Company Overview
About Colors On Parade
- Industry
- Automotive
- Founded
- 1989
- Parent Company
- Total Car Franchising Corp.
- Leadership
- Jill OConnor-Rumohr, Finance Director & CFO
- Corporate Address
-
125 Daytona St.
Conway, SC 29526
Business Overview
- Franchising Since
- 1991 (32 years)
- # of employees at HQ
- 12
- Where seeking
-
This company is offering new franchisees throughout the US.
This company is offering new franchisees in the following international regions: Canada, South America
- # of Units
- 220 (as of 2022)
Information for Franchisees
Here’s what you need to know if you’re interested in opening a Colors On Parade 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
- $2,500 - $7,500
- Initial Investment
- $21,450 - $97,500
- Net Worth Requirement
- $10,000 - $500,000
- Cash Requirement
- $10,000 - $200,000
- Veteran Incentives
- 30% off franchise fee
- Royalty Fee
- 7-30%
- Ad Royalty Fee
- 1%
- Term of Agreement
- 20 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
- Colors On Parade offers in-house financing to cover the following: accounts receivable, payroll
- Third Party Financing
- Colors On Parade has relationships with third-party sources which offer financing to cover the following: franchise fee, startup costs, equipment, inventory
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
- 112 hours
- Classroom Training
- 90 hours
- Ongoing Support
-
NewsletterMeetings & ConventionsToll-Free LineGrand OpeningSecurity & Safety ProceduresField OperationsProprietary SoftwareFranchisee Intranet Platform
- Marketing Support
-
Co-op AdvertisingAd TemplatesNational MediaRegional AdvertisingSocial MediaSEOWebsite DevelopmentEmail Marketing
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?
- Yes
- # of employees required to run
- 1
- Are exclusive territories available?
- Yes
Interested in ownership opportunities like Colors On Parade? Request a free consultation with a Franchise Advisor now.
Franchise 500 Ranking History
Compare where Colors On Parade landed on this year’s Franchise 500 Ranking versus previous years.
Additional Rankings
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