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Below is an in-depth analysis and side-by-side comparison of MARS vs Altracolor Systems including start-up costs and fees, business experience requirements, training & support and financing options.
Start-Up Costs and Fees |
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Investment | $49,000 | $37,500 - $53,950 |
Franchise Fee | $15,000 | $8,000 - $19,950 |
Royalty Fee | 7% | $95/wk. |
Advertising Fee | - | - |
Year Founded | 1987 | 1988 |
Year Franchised | 1998 | 1991 |
Term Of Agreement | 5 years | - |
Term Of Agreement | 5 years | - |
Renewal Fee | 1/2 of current franchise 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 | No/No |
Start-up Costs | No/Yes | No/No |
Equipment | No/Yes | Yes/No |
Inventory | No/Yes | No/No |
Receivables | No/No | No/No |
Payroll | No/No | No/No |
Training & Support |
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Training | - | - |
Support | Newsletter, Meetings, Toll-free phone line, Internet | - |
Marketing | Ad slicks, National media | - |
Operations |
Franchise can be run from home. 0% of all franchisees own more than one unit Number of employees needed to run franchised unit: 1 Absentee ownership of franchise is allowed. (90% of current franchisees are owner/operators) | - |
Expansion Plans |
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US Expansion | - | - |
Canada Expansion | No | No |
International Expansion | No | No |
NO LONGER FRANCHISING
Altracolor was established in 1988 and has been offering it's unique mobile system franchise for automotive paint and surface restoration since 1991. We are operating in twenty seven states with over one hundred fifty systems. Our user friendly system is complete, providing everything you need for start-up and absolutely no experience is required. The most intensive training program in the industry will have you up and running, generating income the first week after training is completed.