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Below is an in-depth analysis and side-by-side comparison of Modernistic Cleaning Services vs Color-Glo including start-up costs and fees, business experience requirements, training & support and financing options.
Start-Up Costs and Fees |
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Investment | $50,000 | $56,300 - $61,375 |
Franchise Fee | $12,000 - $42,000 | $33,000 |
Royalty Fee | 6% | 4%+ |
Advertising Fee | - | - |
Year Founded | 1972 | 1979 |
Year Franchised | 2000 | 1983 |
Term Of Agreement | 5 years | 10 years |
Term Of Agreement | 5 years | 10 years |
Renewal Fee | - | - |
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/No | No/Yes |
Start-up Costs | No/No | No/Yes |
Equipment | No/No | Yes/No |
Inventory | No/No | Yes/No |
Receivables | No/No | No/Yes |
Payroll | No/No | No/Yes |
Training & Support |
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Training | - | On-The-Job Training: 40 hours Classroom Training: 80 hours Ongoing training available |
Support | Newsletter, Meetings, Toll-free phone line, Grand opening, Field operations/evaluations, Purchasing cooperatives | Purchasing Co-ops Newsletter Meetings/Conventions Grand Opening Online Support Security/Safety Procedures Field Operations Site Selection Franchisee Intranet Platform |
Marketing | Co-op advertising, Ad slicks | Co-op Advertising Ad Templates National Media Regional Advertising Social media SEO Website development Email marketing Loyalty program/app |
Operations |
Franchise can be run from home. 0% of all franchisees own more than one unit Number of employees needed to run franchised unit: 2 Absentee ownership of franchise is allowed. (100% of current franchisees are owner/operators) |
Franchise can be run from home. International franchisees required to buy multiple units/master licenses; 5% of all franchisees own more than one unit Number of employees needed to run franchised unit: 2 Absentee ownership of franchise is allowed. (99% of current franchisees are owner/operators) |
Expansion Plans |
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US Expansion | - | - |
Canada Expansion | No | No |
International Expansion | No | Yes |
Just how big is the market for carpet cleaning services? Considering the countless number of homes and businesses that have carpeting throughout them, there are literally billions of square feet of carpet in the United States. As of 2007, the U.S. carpet industry ships 14.4 billion square feet of carpeting a year*, and demand continues to grow. *Statistics from the Carpet and Rug Institute. Owning a Modernistic franchise makes sense for many reasons. * Modernistic franchisees provide a variety of services in two expansive and growing industries - commercial and residential carpet and upholstery cleaning * Modernistic franchise territories are available in 37 states across the country * Markdata Enterprises Inc. reports that the carpet and upholstery cleaning business itself has become a $3 to $5 billion industry Today's carpet cleaning industry is comprised of various small businesses taking care of a lot of carpet cleaning. By becoming associated with the Modernistic network and brand, entrepreneurs enter the carpet cleaning business with a distinct advantage over the competition.
Look around you! Every direction you look you are seeing a potential customer for Color Glo products and services. With fabric covering virtually everything we use in our daily lives and being subjected to the wear and tear of this daily use it is no wonder Color Glo is in such great demand. Our business focuses on the automotive industry and we work with vehicles manufactured by companies such as General Motors, Ford, Nissan, Chrysler, Mercedes, Rolls Royce, Toyota, Honda and others all of whom recognize and appreciate the tremendous cost savings we offer them with their new car warranty repairs. We are also in a unique position to offer an incredible value to the used car dealers. Our service is portable so while we make their vehicles more presentable that vehicle does not need to ever leave the lot. Whether it is a minor tear or burn or an extensive color restoration we are able to successfully repair and restore any of the vehicles components, regardless of whether it is leather, vinyl, fabric, velour, plastic or composites.
Our proprietary Color Glo products are exclusive, fully tested and backed by an International company. This insures the customer's complete satisfaction now and into the future. In addition to our success in the automotive industry we are also experiencing a tremendous amount of recognition and growth in leather furniture, both commercial and residential. Private aircraft owners appreciate our products as well as boat owners and manufacturers because Color Glo uses environmentally safe water-based products that have passed certain vertical burn testing requirements under FAR 25.853 (a) Appendix F part (a) (l) (ii) AMD-25-72 Federal Aviation Regulations and were shown not to add flammability to aircraft leather upholstery. They all appreciate the excellent wear ability and UV resistance we provide for their expensive interiors. Color Glo works directly with warranty companies as well as insurance companies and we offer their customers an alternative to the high cost of replacement.
Franchisor is seeking new franchise units worldwide.