Start-Up Costs and Fees |
||
| Leather Medic | Color-Glo | |
| Investment | 73900 - 90240 | 56300 - 61375 |
| Franchise Fee | 0 | |
| Royalty Fee | $450/truck/mo. | 4%+ |
| Advertising Fee | ||
| Year Founded | 1985 | 1979 |
| Year Franchised | 2003 | 1983 |
| Term Of Agreement | ||
| Term Of Agreement | ||
| Renewal Fee | ||
Business Experience Requirements |
||
| Leather Medic | Color-Glo | |
| Experience | ||
Financing Options |
||
| Leather Medic | Color-Glo | |
| Franchise Fees | Yes | No |
| Start-up Costs | No | No |
| Equipment | Yes | Yes |
| Inventory | Yes | Yes |
| Receivables | No | No |
| Payroll | No | No |
Training & Support |
||
| Leather Medic | Color-Glo | |
| Training | On-The-Job Training: 16 hours Classroom Training: 29 hours | On-The-Job Training: 40 hours Classroom Training: 80 hours Ongoing training available |
| Support | Meetings/Conventions Online Support Security/Safety Procedures Field Operations Proprietary Software | Purchasing Co-ops Newsletter Meetings/Conventions Grand Opening Online Support Security/Safety Procedures Field Operations Site Selection Franchisee Intranet Platform |
| Marketing | Regional Advertising Social media SEO Website development | 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. Franchisees required to buy multiple units/master licenses; 0% of all franchisees own more than one unit Number of employees needed to run franchised unit: 1 Absentee ownership of franchise is NOT allowed. (100% of current franchisees are owner/operators) | 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 |
||
| Leather Medic | Color-Glo | |
| US Expansion | Nationwide, Alabama, Alaska, Arizona, Arkansas, California, Colorado, Connecticut, Delaware, District of Columbia, Florida, Georgia, Guam, Hawaii, Idaho, Illinois, Indiana, Iowa, Kansas, Kentucky, Louisiana, Maine, Maryland, Massachusetts, Michigan, Minnesota, Mississippi, Missouri, Montana, Nebraska, Nevada, New Hampshire, New Jersey, New Mexico, New York, North Carolina, North Dakota, Ohio, Oklahoma, Oregon, Pennsylvania, Puerto Rico, Rhode Island, South Carolina, South Dakota, Tennessee, Texas, Utah, Vermont, Virginia, Washington, West Virginia, Wisconsin, Wyoming | |
| Canada Expansion | 0 | |
| International Expansion |
Start-Up Costs and Fees Mobile |
|
| Investment | |
| Leather Medic | |
| Color-Glo | |
| Franchise Fee | |
| Leather Medic | |
| Color-Glo | |
| Royalty Fee | |
| Leather Medic | $450/truck/mo. |
| Color-Glo | 4%+ |
| Advertising Fee | |
| Leather Medic | |
| Color-Glo | |
| Year Founded | |
| Leather Medic | 1985 |
| Color-Glo | 1979 |
| Year Franchised | |
| Leather Medic | 2003 |
| Color-Glo | 1983 |
| Term Of Agreement | |
| Leather Medic | 5 years |
| Color-Glo | 10 years |
| Renewal Fee | |
| Leather Medic | $2.5K |
| Color-Glo | |
Business Experience Requirements |
|
| Experience | |
| Leather Medic | |
| Color-Glo | |
Financing Options |
|
| Franchise Fees | |
| Leather Medic | Yes |
| Color-Glo | Yes |
| Start-up Costs | |
| Leather Medic | |
| Color-Glo | |
| Equipment | |
| Leather Medic} | |
| Color-Glo | |
| Inventory | |
| Leather Medic | |
| Color-Glo | |
| Receivables | |
| Leather Medic | |
| Color-Glo | |
| Payroll | |
| Leather Medic | |
| Color-Glo | |
Training & Support |
|
| Training | |
| Leather Medic | On-The-Job Training: 16 hours Classroom Training: 29 hours |
| Color-Glo | On-The-Job Training: 40 hours Classroom Training: 80 hours Ongoing training available |
| Support | |
| Leather Medic | Meetings/Conventions Online Support Security/Safety Procedures Field Operations Proprietary Software |
| Color-Glo | Purchasing Co-ops Newsletter Meetings/Conventions Grand Opening Online Support Security/Safety Procedures Field Operations Site Selection Franchisee Intranet Platform |
| Marketing | |
| Leather Medic | Regional Advertising Social media SEO Website development |
| Color-Glo | Co-op Advertising Ad Templates National Media Regional Advertising Social media SEO Website development Email marketing Loyalty program/app |
| Operations | |
| Leather Medic | Franchise can be run from home. Franchisees required to buy multiple units/master licenses; 0% of all franchisees own more than one unit Number of employees needed to run franchised unit: 1 Absentee ownership of franchise is NOT allowed. (100% of current franchisees are owner/operators) |
| Color-Glo | 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 |
|
| US Expansion | |
| Leather Medic | Nationwide, Alabama, Alaska, Arizona, Arkansas, California, Colorado, Connecticut, Delaware, District of Columbia, Florida, Georgia, Guam, Hawaii, Idaho, Illinois, Indiana, Iowa, Kansas, Kentucky, Louisiana, Maine, Maryland, Massachusetts, Michigan, Minnesota, Mississippi, Missouri, Montana, Nebraska, Nevada, New Hampshire, New Jersey, New Mexico, New York, North Carolina, North Dakota, Ohio, Oklahoma, Oregon, Pennsylvania, Puerto Rico, Rhode Island, South Carolina, South Dakota, Tennessee, Texas, Utah, Vermont, Virginia, Washington, West Virginia, Wisconsin, Wyoming |
| Color-Glo | |
| Canada Expansion | |
| Leather Medic | |
| Color-Glo | 0 |
| International Expansion | |
| Leather Medic | |
| Color-Glo | |