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Below is an in-depth analysis and side-by-side comparison of Creative Colors vs Fast & Friendly Floorcare including start-up costs and fees, business experience requirements, training & support and financing options.
Start-Up Costs and Fees |
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Investment | $179,125 - $266,650 | $12,405 - $27,300 |
Franchise Fee | $49,500 | $2,500 |
Royalty Fee | 7.5% | - |
Advertising Fee | 1% | - |
Year Founded | 1980 | 1995 |
Year Franchised | 1991 | 2006 |
Term Of Agreement | 10 years | - |
Term Of Agreement | 10 years | - |
Renewal Fee | up to 20% of current 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/Yes | -/- |
Start-up Costs | No/Yes | -/- |
Equipment | No/Yes | -/- |
Inventory | No/No | -/- |
Receivables | No/No | -/- |
Payroll | No/No | -/- |
Training & Support |
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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 | - |
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 | - |
Marketing | Regional advertising | - |
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) | - |
Expansion Plans |
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US Expansion | Yes | - |
Canada Expansion | No | - |
International Expansion | Yes | - |
Fast & Friendly was initially a cleaning service - providing residential maid service and commercial office cleaning. So many of our customers asked us to clean their carpets that we decided to offer carpet cleaning. Once we started doing carpet cleaning, customers were asking us to clean their tile floors, thus, the beginning of Fast & Friendly Floorcare. Over the next few years we traveled all around the country, taking classes, attending seminars, going to conventions to learn about floor care. Then, practicing on friends and family. In 1995, we started Fast & Friendly Floorcare in a spare bedroom, with a well-used van, a vacuum cleaner bought at the flea market, a five year old floor buffer and an upholstery cleaning machine. After a lot of hard work, some trial and error, and a bit of good luck, we now have a comfortable office, secretary, employees, multiple vans and lots of state of the art equipment. And now, we do only floors….and upholstery cleaning. In addition, in 2007, we began offering franchise opportunities to qualified, motivated people - where we share our knowledge, expertise, and our marketing and management success systems beginning with 2 weeks of training at our headquarters in Ft. Lauderdale Florida, and continued support 24/7.