- 2024 Franchise 500 Rank
-
#427 Ranked #362 last year
- Initial investment
-
$21K - $98K
- Units as of 2023
-
222 2.8% over 3 years
Company Overview
About Colors On Parade
| Industry | Automotive |
|---|---|
| Related Categories | Automotive Appearance Services, Miscellaneous Automotive Products & Services, Automotive Repair & Maintenance Services |
| Founded | 1989 |
| Parent Company | Total Car Franchising Corp. |
| Leadership | Jill OConnor-Rumohr, Finance Director & CFO |
| Corporate Address |
125 Daytona St. Conway, SC 29526 |
| Social | Facebook, Twitter, LinkedIn, Instagram, YouTube |
Business Overview
| Franchising Since | 1991 (33 years) |
|---|---|
| # of employees at HQ | 12 |
| Where seeking |
This company is offering new franchises throughout the US. This company is offering new franchises in the following international regions: Canada, South America |
| # of Units | 222 (as of 2023) |
|
|
|
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 | 40 hours |
| Ongoing Support |
Newsletter
Meetings & Conventions
Toll-Free Line
Grand Opening
Security & Safety Procedures
Field Operations
Proprietary Software
Franchisee Intranet Platform
|
| Marketing Support |
Co-op Advertising
Ad Templates
National Media
Regional Advertising
Social Media
SEO
Website Development
Email 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 |
Franchise 500 Ranking History
Compare where Colors On Parade landed on this year's Franchise 500 Ranking versus previous years.
Additional Rankings
Curious to know where Colors On Parade ranked on other franchise lists? Find out below.
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