Creative Colors vs Service Team of Professionals Franchise Comparison

Below is an in-depth analysis and side-by-side comparison of Creative Colors vs Service Team of Professionals including start-up costs and fees, business experience requirements, training & support and financing options.

Start-Up Costs and Fees
 
Creative Colors Franchise
Service Team of Professionals Franchise
Investment $179,125 - $266,650$48,000 - $144,500
Franchise Fee $49,500$48,000
Royalty Fee 7.5%5-9%
Advertising Fee 1%-
Year Founded 19801971
Year Franchised 19911996
Term Of Agreement 10 years10 years
Term Of Agreement 10 years10 years
Renewal Fee up to 20% of current fee-


Business Experience Requirements
 
Creative Colors Franchise
Service Team of Professionals Franchise
Experience
  • General business experience
  • Marketing skills

  • Aptitude for management, ability to follow directions
    		•

    Financing Options
     
    Creative Colors Franchise
    Service Team of Professionals Franchise
      In-House/3rd PartyIn-House/3rd Party
    Franchise Fees No/YesNo/Yes
    Start-up Costs No/YesNo/Yes
    Equipment No/YesNo/Yes
    Inventory No/NoNo/Yes
    Receivables No/NoNo/Yes
    Payroll No/NoNo/Yes

    Training & Support
     
    Creative Colors Franchise
    Service Team of Professionals Franchise
    Training 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 On-The-Job Training: 32 hours Classroom Training: 124 hours Additional Training: Training conventions
    Support 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 Purchasing Co-ops Meetings/Conventions Toll-Free Line Online Support Field Operations Site Selection Proprietary Software
    Marketing Regional advertisingCo-op Advertising Ad Templates National Media Regional Advertising Social media SEO Website development Email marketing
    Operations 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)

    		 Franchise can be run from home.

    5% of all franchisees own more than one unit

    - 10

    Absentee ownership of franchise is allowed. (100% of current franchisees are owner/operators)

    Expansion Plans
     
    Creative Colors Franchise
    Service Team of Professionals Franchise
    US Expansion YesYes
    Canada Expansion NoNo
    International Expansion YesNo

    Company Overviews

    About Creative Colors

    In 1980, Jim and JoAnn Foster answered an ad in their local paper that described a new technique for dyeing vinyl and leather. The couple bought the license to use the technique in their area and began J&J's Creative Colors. To strengthen their business, the Fosters began researching, practicing and refining various techniques for repairing vinyl, leather and plastic, incorporating them into their business. J&J's worked with automobile, boat and recreational vehicle dealers, making repairs at the dealers' lots. The company began franchising in 1990 under the name Creative Colors International. Now franchisees across the country use the Fosters' techniques to repair the interiors of various vehicles at dealer lots before they are sold.We have a goal to reach 500 units nationwide in US, adding 100 units over next 4 years

    The total investment necessary to begin operation of a single Creative Colors International Franchised Business is $95,125 to $122,250. This includes $84,000 that must be paid to the Franchisor.
    The total investment necessary to begin operation of an Area Development Creative Colors International franchised business is $179,125 to $266,650. This includes $168,000 that must be paid the Franchisor. The fee paid to the Franchisor covers the initial area development fee for 3 Franchised Businesses you will own and operate plus the Start-Up Fee for the 1st Franchised Business you open. For each additional Franchised Business you open, your investment is an additional $44,500 you must pay the franchisor.
    Veteran Incentives  $1,500 off franchise fee

    "Entrepreneur
    #410 in Franchise 500 for 2020.

    About Service Team of Professionals

    Service Team of Professionals (STOP) was founded in 1971 by Mack Clark, a former employee with General Dynamics, Honeywell and BF Goodrich. STOP franchisees specialize in fire, smoke and water damage cleanup and restoration, deodorizing, and carpet and furniture repair.

    The total investment necessary to begin operation of a STOP franchise business ranges from $48,000 (for an existing cleaning company not requiring a work vehicle, additional equipment nor certain training that we require each franchisee to have) or from $83,700 to a high investment range of $144,500 for both start-up and existing companies. This includes $80,000 to $82,000 that must be paid to the franchisor or their affiliates.

    #122 on Entrepreneur's ranking of the top 150 franchises offering incentives and other programs to help veterans become franchisees
    Veteran Incentives  10% off franchise fee