Colors on Parade
Yes, we actively support the inclusion and development of minority-owned franchises in the Colors on Parade system.
Colors on Parade
642 Century Circle
Conway, SC 29526
800#: (800) 563-4418
Tel: (843) 347-8818
Fax: (843) 347-0349
E-mail: hemingwayi@colorsfranchise.com
Web Site: www.colorsonparade.com
Contact: Ms. Isha Hemingway, Vp Franchcising & Operations
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 opportunities - the Operator Franchise and Area Developer franchise. Our system makes the opportunity and dream of owning a business an attainable goal.
Franchisor Background
Established: 1988
First Franchise: 1991
Franchise Units: 225
Company-Owned Units: 10
Total Units: 235
Distribution:
> North America -- Operations in 26 States
> States/Provinces with Greatest Density: 51 in CA, 26 in FL, 19 in TN
Units Owned by Minorities:
>African-American: 6
>Hispanic: 8
>Asian-American: 10
>Native American: 0
>Other:
Average Number of Employees: 1 FT (FT = Full Time, PT = Part Time)
Space Needs: NA SF; HB, Mobile Van
(for abbreviations click here)
Financial Requirements
Cash Investment: $5-100K
Total Investment: $50-500K
Average Total Investment: $100K
Minimum Net Worth: $25K
Fees
>Franchise: $5K
>Average Franchise Fee: $5K
>Royalty: 7-30%
>Advertising: 1%
Provide Earning Claim Statement: No
Terms of Contract
Term of Contract (Years): 10/5
Passive Ownership: Discouraged
Area Development Agreements:Yes/15
Sub-Franchising Contracts: Yes
Expand In Territory:Yes
Franchisor Support and Training Provided
Site Selection Assistance:NA
Lease Negotiation Assistance: Yes
Cooperative Advertising: Yes
Franchisee Assoc. / Member: Yes
Size Of Corporate Staff: 13
On-Going Support: b,C,D,E,G,H,I (for an explanation click here)
Training: 2 Weeks Conway, SC; 2 Weeks Wilmington, NC; 2 Weeks Hawaii.
Specific Minority Program(s) in Place: 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.
Franchisor's Specific Expansion Plans
U.S.: OH, NC, CA, GA, NJ, TX, NY
Note: NR = No Response by Franchisor.
For a sample questionnaire click here.
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