A ripped car seat, a rusty boat, and beat-up old office furniture all have one thing in common: they need restoration very badly!
This is where the Color Glo International franchise comes in. This unique business specializes in professional restoration and repair work for leather, vinyl, plastic, and other materials in all sorts of settings, from homes to cars to offices and everything else in between. For decades, Color Glo International has found success in their distinct market niche, but what’s really made this unique company so tailored for success over the years? Let’s take a closer look!
The Story Behind Color Glo International
Color Glo International, headquartered in Minneapolis, Minnesota, was founded in 1975 by Everett C. Smith.
Smith recognized that there was strong market demand for professional restoration and repair of vinyl, hard plastic, leather, cloth, and velour products in automobiles, homes, offices, marinas, airports, and elsewhere, and sought to start a new business from the ground up that could address all of these needs under one roof.
The business later started franchising in 1982 and branched out into Canada and currently operates in 52 countries around the world. The Color Glo International franchise also grew dramatically in scope, growing from eight specializations to over 100 today, reflecting the strong demand for its services and vast market it serves. It later became the first and only ISO Certified Company in the industry in 2006.
Today, Color Glo International is a globally-recognized leader in restoration and repair services. From furniture restoration to automobile seat repair, aviation cleaning and conditioning to boat restoration, the company’s diverse and professional services are well-known and trusted throughout the world.
Why are Entrepreneurs Sewing Up Opportunities with Color Glo International?
1. Unlimited Market Potential
The Color Glo International franchise currently operates in the United States, Canada and 52 countries worldwide in total and specializes in leather, vinyl, cloth, velour, and hard plastics repair, creating a virtually unlimited market that savvy entrepreneurs can tap into.
2. Proven Market Leader
Established in 1975 and franchising since 1982, the Color Glo International franchise is an established market leader and offers solid brand recognition, making it ideal for entrepreneurs looking for a truly turnkey business.
3. Strong Corporate Support
Color Glo International offers not only excellent training for franchisees, but also dedicated professional support for franchisees in the form of location assistance, lease negotiation, contractor hiring, and much more, offering a great degree of help for franchisees.
4. Affordable Overhead and Investment Costs
Compared to many other franchise opportunities, Color Glo International has very affordable investments costs and minimal overhead, offering great profit potential for franchisees.
5. No Direct Competition
Color Glo International is a truly unique business, given its vast scope and numerous specializations. This essentially means the company has no direct competitors, greatly limiting the competition franchisees face and expanding their potential market greatly.
Initial Franchise Fee: $33,000
According to Color Glo International’s 2020 FDD, the company’s initial franchise fee is $33,000. The fee is due as a lump sum at the signing of the franchise agreement and is nonrefundable.
Monthly Royalty Fee: 4% or $150 per month
For the first year of operation, Color Glo International’s royalty fee is 4% of gross sales per month or $150 per month, whichever is greater. For franchisees in their second year of operation, the fee rises to $200 per month and then to $300 per month for each following business year. The fee is payable on a monthly basis on the 15th day of each month.
Estimated Initial Investment Cost: $56,300 – $61,375
|Name of Fee||Low||High|
|Initial Franchise Fee||$33,000||$33,000|
|Start-up Fee||$21,500 + shipping costs||$21,500 + shipping costs|
|Travel Expenses While Training||$500||$2,500|
|Equipment and Supplies||$200||$300|
Average Revenue Per Location: $20,000 – $300,000
Per the 2020 Color Glo International FDD, the most recent calendar year saw the individual gross sales of current franchisees range from $20,000 to $300,000. However, it’s important to note that these figures are just existing revenue figures and not in any way a guarantee of what entrepreneurs considering franchising with Color Glo International can expect to generate in revenue.
See If Color Glo International is the Franchise Tailored for You!
There’s always going to be a strong demand for restoration for everything from commercial offices to furniture to cars and everything else in between, meaning that there’s always going to be a need for companies like Color Glo International.
For entrepreneurs with a knack for restoring something old and making it good as new, Color Glo International offers a prime opportunity in an industry with growing demand, not to mention low overhead costs, strong brand recognition, and unlimited market potential. For the right entrepreneur, this franchise might be the one that’s tailored just for you!