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Colors On Parade
 

Colors on Parade is the "original body shop on wheels." Offering same-day on-site repairs of minor surface paint and dent damage, our service is second to none. Colors on Parade offers two home-based franchise opportunities, the Operator Franchise and the Area Developer Franchise. Our system makes the opportunity and dream of owning a business an attainable goal.

Franchisor Background

Year Established:

  1988

Franchising Since:

  1991

IFA Member



Operating Units:

Franchised Units:285 97.9%  
Company-Owned Units:6 2.1%  
 ______ _____  
Total Operating Units:291 100%  
 

Geographic Distribution:

U.S.:252 100% In 0 States
Canada:0 0% In 0 Canadian Provinces
International:0 0% In 0 Foreign Countries
 ______ _____  
Total:252 100%  
 

North America:

States/Provinces with the largest number of operating units:
DensityUnits    
1. California51
2. Florida26
3. Tennessee19

Registered in Following Registration States:

   California, Florida, Hawaii, Illinois, Indiana, Maryland, Michigan, Minnesota, New York, North Dakota, Oregon, Rhode Island, South Dakota, Virginia, Washington, Wisconsin, District Of Columbia

Financial Requirements

Investment:

Minimum Net Worth:$25K
Cash Investment:$10-200K
Total Investment:$35-500K
Average Total Investment:$268K
 

Fees:

Initial Franchise Fee:$1.5K-18K
Average Franchise Fee:$8K
On-Going Royalty:7-30%
Average Royalty:18%
Advertising Fee:1%

Average Number of Employees:

   1 Full-time, 0 Part-time

Space Needs (in square footage):

   N/A

Preferred Sites:

   Home-based

Other Sites:

   mobile van or trucks

Encourage Conversions?

   Yes

Earnings Claims Provided?

   No

Listed in the SBA Registry?

   No

Support and Training

International Franchise Association:Yes
Canadian Franchise Association:No
Franchisee Association/Member:Yes, Member
Size of Corporate Staff:13
Site Selection Assistance?Not Applicable
Lease Negotiation Assistance?Yes
Financial Assistance?Yes, Direct
 

Marketing Support:

Co-Op Advertising:Yes
National Advertising:No
Regional Advertising:No
Local Advertising:No
Marketing Materials:None Specified
Additional Services:None Specified
Other Marketing Support:None Specified
 

On-Going Support:

Central Data Processing:Not Applicable
Central Purchasing:At Additional Cost
Field Operation Evaluation:Included in Fees
Field Training:Included in Fees
Initial Store Opening:Included in Fees
Inventory Control:Not Applicable
Franchisee Newsletter:Included in Fees
Regional or National Meetings:Included in Fees
800 Telephone Hotline:Included in Fees
 

Training:

1. Conway, SC2 Weeks
 

Franchisee Qualifications

Ranked from 1 (unimportant) to 5 (important):
 
Financial Net Worth:3
General Business Experience:3
Specific Industry Experience:2
Formal Education:3
Psychological Profile:5
Personal Interview(s):5

Minority Representation

Units Owned by Minorities:

African-American:6
Asian-American:10
Hispanic:8
Native American:0
Other:N/A
Specific Minority:COLORS ON PARADE supports and is committed to initiatives which support the expansion of minority participation within our franchise system. In support of these initiatives, COLORS ON PARADE offers the following programs: Operator Franchisees - the initial franchise fee and training fees are reduced by 70%; Area Developer Franchisees - the initial franchise fee and training fees are reduced by 70% and additional in-house financing is available to qualified applicants.

Terms of Contract

Term of Initial Contract:10 Year(s)
Term of Renewal Period:5 Year(s)
Passive Ownership:Allowed, But Discouraged
Area Development Agreements?Yes, for 15 Year(s)
Sub-Franchising Contracts?Yes
Franchisees Allowed to Expand Within Territory?Yes

Expansion Plans

Projected New Units Over Next 12 months:

   50
U.S.:Yes, All United States
Canada:Yes, All Canada
Overseas:Yes, Mexico
 
 
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