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Below is an in-depth analysis and side-by-side comparison of Color-Glo 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 | $56,300 - $61,375 | $12,405 - $27,300 |
Franchise Fee | $33,000 | $2,500 |
Royalty Fee | 4%+ | - |
Advertising Fee | - | - |
Year Founded | 1979 | 1995 |
Year Franchised | 1983 | 2006 |
Term Of Agreement | 10 years | - |
Term Of Agreement | 10 years | - |
Renewal 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 | Yes/No | -/- |
Inventory | Yes/No | -/- |
Receivables | No/Yes | -/- |
Payroll | No/Yes | -/- |
Training & Support |
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Training | On-The-Job Training: 40 hours Classroom Training: 80 hours Ongoing training available | - |
Support | Purchasing Co-ops Newsletter Meetings/Conventions Grand Opening Online Support Security/Safety Procedures Field Operations Site Selection Franchisee Intranet Platform | - |
Marketing | Co-op Advertising Ad Templates National Media Regional Advertising Social media SEO Website development Email marketing Loyalty program/app | - |
Operations |
Franchise can be run from home. International franchisees required to buy multiple units/master licenses; 5% of all franchisees own more than one unit Number of employees needed to run franchised unit: 2 Absentee ownership of franchise is allowed. (99% of current franchisees are owner/operators) | - |
Expansion Plans |
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US Expansion | - | - |
Canada Expansion | No | - |
International Expansion | Yes | - |
Look around you! Every direction you look you are seeing a potential customer for Color Glo products and services. With fabric covering virtually everything we use in our daily lives and being subjected to the wear and tear of this daily use it is no wonder Color Glo is in such great demand. Our business focuses on the automotive industry and we work with vehicles manufactured by companies such as General Motors, Ford, Nissan, Chrysler, Mercedes, Rolls Royce, Toyota, Honda and others all of whom recognize and appreciate the tremendous cost savings we offer them with their new car warranty repairs. We are also in a unique position to offer an incredible value to the used car dealers. Our service is portable so while we make their vehicles more presentable that vehicle does not need to ever leave the lot. Whether it is a minor tear or burn or an extensive color restoration we are able to successfully repair and restore any of the vehicles components, regardless of whether it is leather, vinyl, fabric, velour, plastic or composites.
Our proprietary Color Glo products are exclusive, fully tested and backed by an International company. This insures the customer's complete satisfaction now and into the future. In addition to our success in the automotive industry we are also experiencing a tremendous amount of recognition and growth in leather furniture, both commercial and residential. Private aircraft owners appreciate our products as well as boat owners and manufacturers because Color Glo uses environmentally safe water-based products that have passed certain vertical burn testing requirements under FAR 25.853 (a) Appendix F part (a) (l) (ii) AMD-25-72 Federal Aviation Regulations and were shown not to add flammability to aircraft leather upholstery. They all appreciate the excellent wear ability and UV resistance we provide for their expensive interiors. Color Glo works directly with warranty companies as well as insurance companies and we offer their customers an alternative to the high cost of replacement.
Franchisor is seeking new franchise units worldwide.
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.