Start-Up Costs and Fees |
||
| Rainbow International Restoration | Color-Glo | |
| Investment | 148675 - 241100 | 56300 - 61375 |
| Franchise Fee | ||
| Royalty Fee | 3-7% | 4%+ |
| Advertising Fee | 2% | |
| Year Founded | 1981 | 1979 |
| Year Franchised | 1981 | 1983 |
| Term Of Agreement | ||
| Term Of Agreement | ||
| Renewal Fee | ||
Business Experience Requirements |
||
| Rainbow International Restoration | Color-Glo | |
| Experience | It is helpful, but not necessary to have industry specific, general business and marketing experience. | |
Financing Options |
||
| Rainbow International Restoration | Color-Glo | |
| Franchise Fees | Yes | No |
| Start-up Costs | No | No |
| Equipment | No | Yes |
| Inventory | No | Yes |
| Receivables | No | No |
| Payroll | No | No |
Training & Support |
||
| Rainbow International Restoration | Color-Glo | |
| Training | On-The-Job Training: 40 hours Classroom Training: 80 hours Ongoing training available | |
| Support | We produce and distribute various training materials, programs, manuals and newsletters to our franchisees, and we facilitate the holding of local, regional and/or national conferences in order to encourage networking and exchange of ideas for the purpose of making your franchise more profitable. Other support for our franchisees includes a purchasing co-op, a grand opening program and a national website. | Purchasing Co-ops Newsletter Meetings/Conventions Grand Opening Online Support Security/Safety Procedures Field Operations Site Selection Franchisee Intranet Platform |
| Marketing | Typical marketing for our franchise includes door hangers, flyers, newspaper and magazines ads, yellow page ads, television and radio commercials, the use of social media, co-op advertising, ad slicks and national media. | 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 Number of employees needed to run franchised unit: 1 - 3 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 |
||
| Rainbow International Restoration | 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 | 0 |
| International Expansion |
Start-Up Costs and Fees Mobile |
|
| Investment | |
| Rainbow International Restoration | |
| Color-Glo | |
| Franchise Fee | |
| Rainbow International Restoration | |
| Color-Glo | |
| Royalty Fee | |
| Rainbow International Restoration | 3-7% |
| Color-Glo | 4%+ |
| Advertising Fee | |
| Rainbow International Restoration | 2% |
| Color-Glo | |
| Year Founded | |
| Rainbow International Restoration | 1981 |
| Color-Glo | 1979 |
| Year Franchised | |
| Rainbow International Restoration | 1981 |
| Color-Glo | 1983 |
| Term Of Agreement | |
| Rainbow International Restoration | 10 years |
| Color-Glo | 10 years |
| Renewal Fee | |
| Rainbow International Restoration | $5,000 |
| Color-Glo | |
Business Experience Requirements |
|
| Experience | |
| Rainbow International Restoration | It is helpful, but not necessary to have industry specific, general business and marketing experience. |
| Color-Glo | |
Financing Options |
|
| Franchise Fees | |
| Rainbow International Restoration | Yes |
| Color-Glo | Yes |
| Start-up Costs | |
| Rainbow International Restoration | |
| Color-Glo | |
| Equipment | |
| Rainbow International Restoration} | |
| Color-Glo | |
| Inventory | |
| Rainbow International Restoration | |
| Color-Glo | |
| Receivables | |
| Rainbow International Restoration | |
| Color-Glo | |
| Payroll | |
| Rainbow International Restoration | |
| Color-Glo | |
Training & Support |
|
| Training | |
| Rainbow International Restoration | |
| Color-Glo | On-The-Job Training: 40 hours Classroom Training: 80 hours Ongoing training available |
| Support | |
| Rainbow International Restoration | We produce and distribute various training materials, programs, manuals and newsletters to our franchisees, and we facilitate the holding of local, regional and/or national conferences in order to encourage networking and exchange of ideas for the purpose of making your franchise more profitable. Other support for our franchisees includes a purchasing co-op, a grand opening program and a national website. |
| Color-Glo | Purchasing Co-ops Newsletter Meetings/Conventions Grand Opening Online Support Security/Safety Procedures Field Operations Site Selection Franchisee Intranet Platform |
| Marketing | |
| Rainbow International Restoration | Typical marketing for our franchise includes door hangers, flyers, newspaper and magazines ads, yellow page ads, television and radio commercials, the use of social media, co-op advertising, ad slicks and national media. |
| Color-Glo | Co-op Advertising Ad Templates National Media Regional Advertising Social media SEO Website development Email marketing Loyalty program/app |
| Operations | |
| Rainbow International Restoration | Franchise can be run from home. International franchisees required to buy multiple units/master licenses Number of employees needed to run franchised unit: 1 - 3 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 | |
| Rainbow International Restoration | 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 | |
| Rainbow International Restoration | 0 |
| Color-Glo | 0 |
| International Expansion | |
| Rainbow International Restoration | |
| Color-Glo | |