Color Glo International

Money you'll need

Ongoing fees

Royalty

4% of gross sales or $300 per month

Advertising / brand fund

Not disclosed

Other recurring fees

4% of gross sales or $300 per month, whichever is greater

Agreement term

Not disclosed

Your role

Ownership style

Owner-operator (active)

Expected time

Not disclosed

Home-based

Yes

Staffing

0

Location

Not disclosed

Training and support

Training

: Training and support program details: Training lasts three weeks, and is begun within 90 days of execution of the Franchise Agreement and must be attended by the new franchisee. CGI's classroom instructor has ten years of experience. The field training is done by a franchisee with a minimum of ten years of experience. Cost for Training: Travel and Living Expenses while training: $500 - $2,500 Lodging and airfare included: No Site Selection Assistance: Lease Negotiation Assistance: Mentor following training: Yes Length of mentoring Franchisee: Refresher training and additional training is conducted during regional seminars and the annual seminar in Minneapolis. Territory: The franchisee will receive a protected territory when granted a Color Glo franchise by Color Glo. The territory is generally a metropolitan area, county or counties, and is specifically identified at least five business days prior to execution of License Agreement. Color Glo may not establish another franchise or company-owned Color Glo business in the protected territory if the franchisee is in complete compliance with the License Agreement without his or her written consent pursuant to release of the area and execution of a Sub-franchise Agreement by both parties. Color Glo also may not sell the Color Glo products to other persons in the franchisee’s territory except pursuant to the above-referenced agreement. Term of Agreement and Renewal: Term of license agreement is for ten years. Additional terms of ten years each can be added if the franchisee is in good standing. Obligations and Restrictions: Color Glo does not require the franchisee to personally manage or operate the Color Glo business. The operator or manager of the Color Glo business does not have to complete the Color Glo training program. The manager cannot have an interest or business relationship with any of Color Glo's business competitors. Color Glo reserves the right to require operator or manager to sign a written agreement to maintain confidentiality of its trade secrets. However, Color Glo requires that the operator of the Color Glo business have a 10% ownership interest in the business.   Text inquiries are welcome and can be sent to Gary @ 612-751-7649

Ongoing support

Site selection: Lease Negotiation Assistance: Lease negotiation: Mentor following training: Yes Mentoring: Yes; Refresher training and additional training is conducted during regional seminars and the annual seminar in Minneapolis.

Financing information

SBA Franchise Directory

Listed (per source data)

Financing information describes options the franchisor mentions. It is not a loan offer or approval; lenders decide based on your circumstances. An SBA directory listing does not mean any loan is guaranteed. What it means.