Creative Colors vs Kennedy Transmission Franchise Comparison

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

Start-Up Costs and Fees
 
Creative Colors Franchise
Kennedy Transmission Franchise
Investment $179,125 - $266,650$88,500 - $162,500
Franchise Fee $49,500$17,500
Royalty Fee 7.5%-
Advertising Fee 1%-
Year Founded 1980-
Year Franchised 1991-
Term Of Agreement 10 years-
Term Of Agreement 10 years-
Renewal Fee up to 20% of current fee-


Business Experience Requirements
 
Creative Colors Franchise
Kennedy Transmission Franchise
Experience
  • General business experience
  • Marketing skills
    		• -

    Financing Options
     
    Creative Colors Franchise
    Kennedy Transmission Franchise
      In-House/3rd PartyIn-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
     
    Creative Colors Franchise
    Kennedy Transmission 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 -
    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)

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    Expansion Plans
     
    Creative Colors Franchise
    Kennedy Transmission Franchise
    US Expansion Yes-
    Canada Expansion No-
    International Expansion Yes-

    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 Kennedy Transmission

    If you have the motivation, drive, and capabilities to operate and manage your own business, you owe it to yourself to fully investigate ownership of a Kennedy Transmission, Brake and Auto Service store.

    We do not require that our franchisees possess previous transmission shop experience. Previous business experience or exposure to the automotive service business segment is highly desirable but also not required. We do require that our store owners are actively involved on a daily basis in their store �" no passive ownership is permitted.

    We offer several advantages over other franchised business opportunities. Because we are a specialty business we are not open nights and weekends. Also, a mature Kennedy Transmission, Brake and Auto Service store operates on a staff of four or five, which lowers the management burden of administrative tasks such as staffing and payroll.