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Below is an in-depth analysis and side-by-side comparison of Miracle Auto Painting vs ColorAll Technologies including start-up costs and fees, business experience requirements, training & support and financing options.
Start-Up Costs and Fees |
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Investment | $216,000 - $273,000 | $35,000 - $147,200 |
Franchise Fee | $35,000 | $17,000 - $75,000 |
Royalty Fee | 5% | 10% |
Advertising Fee | - | 0 |
Year Founded | 1953 | 1990 |
Year Franchised | 1964 | 1998 |
Term Of Agreement | 10 years | 5-10Years |
Term Of Agreement | 10 years | 5-10Years |
Renewal Fee | $1.5K | $2,000-$5,000 |
Business Experience Requirements |
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Experience | - | |
Financing Options |
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In-House/3rd Party | In-House/3rd Party | |
Franchise Fees | No/Yes | -/- |
Start-up Costs | No/Yes | -/- |
Equipment | No/Yes | -/- |
Inventory | Yes/No | -/- |
Receivables | No/No | -/- |
Payroll | No/No | -/- |
Training & Support |
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Training | - | Three Weeks of training and pre-launch support |
Support | Newsletter, Meetings, Toll-free phone line, Grand opening, Internet, Security/safety procedures, Field operations/evaluations, Purchasing cooperatives | - |
Marketing | Co-op advertising, Ad slicks, Regional advertising | - |
Operations |
5% of all franchisees own more than one unit Number of employees needed to run franchised unit: 10 Absentee ownership of franchise is NOT allowed. (100% of current franchisees are owner/operators) | - |
Expansion Plans |
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US Expansion | Yes | Yes |
Canada Expansion | No | - |
International Expansion | No | - |
The Miracle reputation for Quality at Moderate Cost was firmly established in the San Francisco Bay Area in these early years. In late 1954 about 90% of Miracle's work was retail--a big swing from the early days. Firm believers in keeping the name, moderate prices and the quick turnaround before the public, Miracle stores spent up to 18% of gross sales to enhance the word-of-mouth awareness, the quality work and resonable prices engendered. The San Mateo, California flagship location opened in 1965 and the success of Miracle Auto Painting as a chain was well established. During these years came the standardization of the Operations Manual, accounting and other business management procedures which had proven themselves over the preceeding several years. Longer term advertising and marketing plans were designed and implemented and franchising began.
Fulfilling a specialized niche for reconditioning services, ColorAll Technologies introduced on-site repair services for fleet, heavy equipment, and agricultural industries almost forty years ago. With specialized technicians continually striving to meet the repair requirements of their customers through a same-day service program, we make it possible for company vehicles to be returned to service quickly.
Today, ColorAll Technologies serves a wide range of fleet companies, rental car companies, government and municipal fleets, auction sites, used and new car dealerships and other markets with a single-source vendor approach, solving a wide range of color reconditioning needs conveniently at the customer’s location. Our management programs include weekly assessments and customized usage reporting, centralized billing and invoicing for our valued accounts.
Our repair services utilize products in accordance with our Green Earth Certified Franchise system, ensuring a safe work place at all times.