|
Below is an in-depth analysis and side-by-side comparison of Milex Complete Auto Care vs Creative Colors including start-up costs and fees, business experience requirements, training & support and financing options.
Start-Up Costs and Fees |
||
Investment | $197,457 - $296,767 | $179,125 - $266,650 |
Franchise Fee | $35,000 - $45,000 | $49,500 |
Royalty Fee | 7% | 7.5% |
Advertising Fee | 1% | 1% |
Year Founded | 1978 | 1980 |
Year Franchised | 1979 | 1991 |
Term Of Agreement | 20 years | 10 years |
Term Of Agreement | 20 years | 10 years |
Renewal Fee | $2.5K | up to 20% of current fee |
Business Experience Requirements |
||
Experience | ||
Financing Options |
||
In-House/3rd Party | In-House/3rd Party | |
Franchise Fees | No/Yes | No/Yes |
Start-up Costs | No/Yes | No/Yes |
Equipment | No/Yes | No/Yes |
Inventory | No/Yes | No/No |
Receivables | No/Yes | No/No |
Payroll | No/Yes | No/No |
Training & Support |
||
Training | On-Site and Classroom Training: During your hands-on training, you'll learn firsthand about how the business works. You'll interface with employees and customers. You'll watch the selling process in action. You become familiar with the business, inside and out. *Proven Business Systems Implementation *Financial Management Training *Lead Generation System Training *Personnel and Safety Systems *Customer Relations Training *Marketing and Sales Development *Business to Business Sales Training and Programs | Franchisee must participate in an initial training and familiarization course of three weeks duration held in Mokena, IL. You'll learn sales and marketing techniques, financial controls, upholstery coloring, restoration and repair methods, and other administrative and operational aspects of the Creative Colors International business. In addition, a Creative Colors International field representative will spend one week with you in your territory around the time your business commences operations to help you get started. On-The-Job Training: 40+ hours Classroom Training: 120+ hours |
Support | Pre-Opening Support Services: *Site Selection Assistance *Lease Negotiation Assistance *Third Party Financing Relationships (including SBA) *New Business Start-Up Planning Ongoing Support Services and Franchisee Assistance: *Technical Assistance "Hot-Line" *Lead Generation Programs *Supplier Relationships *System Wide Intranet *National Warranty Program *Customer Financing Programs *National Fleet Programs *Human Resources and Personnel Consultation *Custom Designed Computer Software *Business Performance Analysis | As a Creative Colors International franchise owner, you'll receive periodic visits from a trained field representative, who will provide guidance and quality control, and answer any questions you may have. In addition, you will receive a copy of the Creative Colors International Confidential Operations Manual, Training Manual and Employee Manual, which covers the policies and procedures involved in running your business. As the manuals are updated, revisions will be made available to you. And, of course, we'll be only a phone call away for answers to questions that arise during the day-to-day operation of your franchise, as well as having our Intranet available 24/7. Purchasing Co-ops Newsletter Meetings/Conventions Toll-Free Line Grand Opening Online Support Field Operations Site Selection Franchisee Intranet Platform |
Marketing | Co-op Advertising Ad Templates Regional Advertising Social media SEO Website development Email marketing Loyalty program/app | Regional advertising |
Operations |
Number of employees needed to run franchised unit: 3 - 4
Absentee ownership of franchise is allowed. (100% of current franchisees are owner/operators) |
Franchise can be run from home. 20% of all franchisees own more than one unit Number of employees needed to run franchised unit: 1 - 4
Absentee ownership of franchise is allowed. (100% of current franchisees are owner/operators) |
Expansion Plans |
||
US Expansion | Yes | Yes |
Canada Expansion | No | No |
International Expansion | Yes | Yes |
Milex has a solid 40 year reputation for providing honest and professional automotive care for a reasonable price.
* Specializing in general automotive repair and maintenance, Milex Services include engine maintenance and repair, brakes, air conditioning, tune-ups, steering and suspension, cooling system, computer diagnostics and more.
* Ranked as one of the top 50 oil change plus chains in National Oil Lube& News.