|
Below is an in-depth analysis and side-by-side comparison of Creative Colors vs milliCare Commercial Carpet Care including start-up costs and fees, business experience requirements, training & support and financing options.
Start-Up Costs and Fees |
||
Investment | $179,125 - $266,650 | $106,200 - $163,000 |
Franchise Fee | $49,500 | $45,000 |
Royalty Fee | 7.5% | 6% |
Advertising Fee | 1% | 2% |
Year Founded | 1980 | 1982 |
Year Franchised | 1991 | 1996 |
Term Of Agreement | 10 years | 5 years |
Term Of Agreement | 10 years | 5 years |
Renewal Fee | 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/No | No/Yes |
Receivables | No/No | No/No |
Payroll | No/No | No/No |
Training & Support |
||
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: 64 hours Classroom Training: 48 hours Additional Training: At mentor franchise location |
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 | Newsletter Meetings/Conventions Toll-Free Line Grand Opening Online Support Security/Safety Procedures Field Operations Site Selection Franchisee Intranet Platform |
Marketing | Regional advertising | Co-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) |
Franchisees required to buy multiple units/master licenses Number of employees needed to run franchised unit: 3 Absentee ownership of franchise is allowed. (75% of current franchisees are owner/operators) |
Expansion Plans |
||
US Expansion | Yes | Yes |
Canada Expansion | No | No |
International Expansion | Yes | Yes |
milliCare franchisees are independent business owners supported by a global network of peers,milliCare Corporate, and Milliken & Company, a multi-billion dollar textile and chemical corporation. From multi-tenant buildings, healthcare facilities, and universities to corporate campuses and Fortune 500 companies, our franchisees are the go-to source to meet today’s commercial green initiatives in building care.