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Promoted Opportunities

#281

Initial Investment

LOW: $33,800
HIGH: $103,000

Change in Units

+0.8% +2 UNITS (1 Year)
+9.6% +21 UNITS (3 Years)

Company Profile

Founded

1989

Franchising Since

1991 (26 Years)

Corporate Address

P.O. Box 50940 Myrtle Beach, SC 29579

CEO

Jeff Cox

Parent Company

Total Car Franchising Corp.

About Colors On Parade

Inspired by his passion for restoring classic cars, Robert Lowery started Colors On Parade to offer body shop-quality automotive repairs from a mobile unit. In 1999, he began franchising the concept. Colors On Parade franchisees offer mobile on-site automotive appearance services throughout the U.S. to car dealerships, fleet owners, rental car agencies, body shops, individual vehicle owners and retail customers.

Financials

Financial Requirements

Initial Investment

$33,800 - $103,000

Net-worth Requirement

$10,000 - $500,000

Liquid Cash Requirement

$10,000 - $200,000

Ongoing Fees

Initial Franchise Fee

$5,000

Ongoing Royalty Fee

7-30%

Ad Royalty Fee

1%

Financing Options

Colors On Parade offers in-house financing to cover the following: accounts receivable, payroll

Colors On Parade has relationships with third-party sources which offer financing to cover the following: 
franchise fee, startup costs, equipment, inventory

Veteran Incentives


10% off franchise fee

Units (Locations)

Where Seeking Franchisees:
Franchisor is seeking new franchise units worldwide.

Operations & Franchisor Support

Training at headquarters: 3-10 days

Additional Training: Ongoing technical training

Ongoing Support
Purchasing Co-ops
Newsletter
Meetings
Toll-Free Line
Grand Opening
Internet
Security
Field Operations

Marketing Support
Co-op Advertising
Ad Slicks
Regional Media
National Media

Absentee Ownership Allowed

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Disclaimer

The Franchise 500 is not intended to endorse, advertise, or recommend any particular franchise. It is solely a research tool you can use to compare franchise operations. Entrepreneur stresses that you should always conduct your own independent investigation before investing money in a franchise.

Updated: October 12th, 2016

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