About Colors On Parade - NY - Renewal Franchise
Colors On Parade is a mobile automotive cosmetic repair franchise offering unit level opportunities since 1991.
Each operator provides on site vehicle appearance services including paintless dent removal, paint touch up, bumper repair, and windshield chip repair, traveling directly to dealerships, body shops, and customer locations.
The franchise fee is $7,500, with reductions available to $2,500 or $5,000 based on prior training and experience.
Colors On Parade - NY - Renewal Franchise Cost & Fees
Minimum Investment
$26K
Average Investment
$62K
Maximum Investment
$98K
| Fee Type | Amount | Notes |
|---|---|---|
| Initial Franchise Fee | $7,500 | One-time payment upon signing |
| Royalty Fee | 20%-30% of Gross Sales of gross sales | Ongoing; paid monthly |
| Marketing/Ad Fund | None | National brand fund |
| Total Investment Range | $26,450 – $97,500 | Includes build-out, inventory, working capital |
The investment range of $26K–$98K reflects variability in build-out costs, store size, lease terms, and market. The combined royalty (20%-30% of Gross Sales) and marketing fee (None) are ongoing costs paid as a percentage of gross sales.
Investment Breakdown (Item 7)
| Item | Low | High |
|---|---|---|
| Initial Franchise Fee | $7,500 | $7,500 |
| Vehicle | $5,000 | $35,000 |
| Laptop Computer & Printer | $300 | $2,000 |
| Equipment | $4,000 | $24,500 |
| Tools | $1,600 | $2,000 |
| Insurance | $300 | $6,000 |
| Training | $0 | $5,000 |
| Travel and living expenses while training | $1,500 | $6,000 |
| Miscellaneous opening costs | $250 | $1,500 |
| Additional funds – 3 to 6 months | $2,000 | $15,000 |
Additional Fees (Item 6)
| Fee Type | Amount |
|---|---|
| Transfer Fee | $1,000 |
| Renewal Fee | 50% of the then-current Initial Franchise Fee (but not less than $3,750) |
| Audit Fee | Actual costs and expenses of audit or review, including salary or fees paid to employees or accountants |
| Training Surcharge | Amount of the Initial Franchise Fee |
| Liquidated Damages | The greater of $25,000 or 30% of your Gross Sales for the 12 month period prior to termination. |
| Indemnification | Actual amount of fines, losses, damages, costs and expenses (including attorneys’ fees) incurred by us. |
Training Program (Item 11)
| Detail | Information |
|---|---|
| Total Duration | Up to 2 weeks for paint repair and refinishing. Training for paintless dent removal and interior repairs is provided by third parties. |
| Classroom Training | 152 hours (72 for Paint Repair and Refinishing Tech Training, 8 for Operations/Marketing/Finance/Computer Training, 72 for Paintless Dent Repair) |
| On-the-Job Training | 0 hours |
| Training Location | Conway, SC or Springdale, AR (for franchisor-provided training); Myrtle Beach, SC, Wilmington, NC, and Kailua, Hawaii (for third-party provided training) |
| Additional Training | TCFC offers refresher and additional training programs, sometimes regionally. Mandatory programs are free; optional programs may incur a reasonable fee. Training may also be provided at national or regional meetings. |
Territory Rights (Item 12)
| Detail | Information |
|---|---|
| Territory Type | Non-exclusive |
| Exclusive Territory | No |
| Territory Size | At least 100,000 population |
| Description | Franchisees are granted a non-exclusive right to operate within a defined geographic territory with an estimated population of at least 100,000, specified in the Franchise Agreement. Franchisees may be assigned accounts within this territory and may not solicit or provide services outside it without consent. The franchisor reserves the right to operate or license other businesses under the System within the territory, and to develop other markets or distribution channels. |
Renewal, Termination & Transfer (Item 17)
| Detail | Information |
|---|---|
| Initial Term | 20 years |
| Renewal Term | 10 years |
| Renewal Fee | 50% of the then-current Initial Franchise Fee (but not less than $3,750.00) |
| Renewal Conditions | Franchisee must provide written notice (90-180 days prior to expiration), not be in default, sign the then-current Unit Franchise Agreement (which may have materially different terms), sign a general release (subject to state law), and pay the renewal fee. |
| Transfer Fee | $1,000 |
| Transfer Conditions | All monetary obligations satisfied, no default, general release signed (subject to state law), agreement to non-competition provisions, transferee qualifies and meets training requirements, transferee signs then-current Unit Franchise Agreement, original franchisee remains liable for existing obligations, and all applicable fees are paid. Franchisor has a right of first refusal. |
| Termination for Cause | Franchisor may terminate for various defaults, including failure to submit sales reports, late payments (after notice or repeated instances), material misrepresentation, understatement of sales, failure to complete initial training within 6 months, suspension of operations for more than 7 days, bankruptcy, unauthorized transfer, felony conviction, or violation of health/safety laws. Other breaches may be curable within 30 days. |
| Non-Compete Period | 2 years after termination |
| Non-Compete Details | During the term, franchisees cannot divert business, own/engage in competing services, or provide services outside the Colors On Parade system. Post-term, for 2 years, franchisees cannot solicit or provide services to customers/accounts serviced in the prior 3 years, operate/manage a competing business within the former territory or any area serviced in the prior 3 years, or offer services within 5 miles of any commercial/retail customer serviced during the term. |
Operations & Supply (Items 8 & 15)
| Detail | Information |
|---|---|
| Owner-Operator Required | Yes |
| Participation Details | The franchisee must personally operate and supervise the Franchised Business, devoting full time and best efforts, unless a fully trained and approved full-time employee is designated. A substantial time commitment is required, especially initially, including full-time weekdays and several evenings/week, and potentially weekends. Franchisees may not operate any other business or utilize unauthorized automobile products/services within the franchised business. |
| Required Suppliers | Franchisees must use QuickBooks Pro or designated accounting software, purchase required tools, equipment, and supplies from TCFC or approved suppliers, and maintain specific general liability, auto, garage keepers, and umbrella insurance from an A.M. Best 'A' or better rated carrier. Vehicles must meet TCFC's specifications, and a laptop computer and printer must meet minimum specifications. Paint-related products are purchased from Sherwin Williams, Inc. under a negotiated agreement. |
| Supply Restrictions | Franchisees may not use equipment, tools, supplies, or inventory not obtained from TCFC or an approved supplier without prior written approval. They are prohibited from purchasing products (other than basic automotive products for vehicles) from any company or person attempting to replicate TCFC’s proprietary or trademarked products. |
| Franchisor Revenue from Suppliers | In fiscal year 2022, TCFC derived no revenue, rebates, or material consideration from required purchases by Unit Franchisees. Total revenues from the sale of products to Unit Franchisees were $890,130, representing approximately 25% of total revenues of $3,506,714, though these purchases were not required. TCFC receives a $25,000 annual marketing credit, a 15% paints and coatings rebate, a 5% associate products rebate, and a $400 franchise logo credit per new franchisee from Sherwin Williams, Inc. |
Financing (Item 10)
| Detail | Information |
|---|---|
| Financing Available | No |
| Description | We do not offer direct or indirect financing. We do not guarantee your note, lease or obligation. |
Colors On Parade - NY - Renewal Franchise Earnings — Item 19
Average Revenue
$129K
Median Revenue
$110K
Sample Size
203 units
Past financial performance does not guarantee future results. Individual results will vary.
Colors On Parade - NY - Renewal Litigation & Risk Flags
Clean Litigation RecordColors On Parade - NY - Renewal has no pending litigation actions listed in their FDD. There is also no bankruptcy history disclosed.
Litigation and bankruptcy data is sourced from Items 3 and 4 of the FDD. Always verify current status directly from the most recent FDD.
Colors On Parade - NY - Renewal System Growth
Total Units
223
Franchised
223
Company-Owned
0
Colors On Parade - NY - Renewal currently operates 223 franchised locations and 0 company-owned units. Unit count data is sourced from Item 20 of the FDD.
Unit History (Item 20)
| Year | Opened | Closed | Total |
|---|---|---|---|
| 2020 | 16 | 12 | 217 |
| 2021 | 12 | 10 | 219 |
| 2022 | 26 | 22 | 223 |
Transfers: 0 | Closures: 44
State Registrations
Registered in 18 states: CA, MI, HI, MN, IL, NE, IN, NY, MD, ND, OR, VA, RI, WA, SD, WI, TX, UT
Franchisor Financials (Item 21)
Revenue
$3.5M
Net Income
$99K
Total Assets
$3.0M
Audited by Smith Sapp Professional Association for year ending December 31.
Colors On Parade - NY - Renewal Franchise — FAQ
The total investment to open a Colors On Parade - NY - Renewal franchise ranges from $26,450 to $97,500, per their Franchise Disclosure Document. This includes the initial franchise fee of $7,500. The investment covers build-out, inventory, equipment, signage, working capital, and other startup costs.
Colors On Parade - NY - Renewal charges a royalty fee of 20%-30% of Gross Sales of gross sales, plus a None contribution to the marketing/advertising fund. These fees are paid on an ongoing basis.
You can download the Colors On Parade - NY - Renewal Franchise Disclosure Document free on this page. The FDD is a public document filed with state franchise registries. Always also request the current FDD directly from Colors On Parade - NY - Renewal to ensure you have the most up-to-date version.
According to the Item 19 financial performance representation in their FDD, Colors On Parade - NY - Renewal franchise owners report average revenue of $129K and median revenue of $110K. This is based on a sample of 203 units. Past performance does not guarantee future results.
Colors On Parade - NY - Renewal has been franchising since 1991. The FDD shows an investment range of $26,450-$97,500, a 20%-30% of Gross Sales royalty, and includes an Item 19 earnings disclosure. There is no pending litigation. Review the full FDD and contact current franchisees listed in Item 20 before making any investment decision.
The franchise fee is $7,500 and the total investment ranges from $26,450 to $97,500 depending on location size and market. Contact the franchisor directly for current net worth and liquid capital requirements, territory availability, and application details.
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Data Source & Disclaimer: This website is for informational purposes only. It is not an offer to sell or buy a franchise. This profile is based on publicly available FDD data sourced from state franchise registry filings. All information is for research purposes only and does not constitute legal, financial, or investment advice. Data may be outdated or contain errors. Always obtain the current FDD directly from Colors On Parade - NY - Renewal and consult a qualified franchise attorney before making any investment decision. FranchiseOverview.com is operated by Franchising Compliance, LLC and is not affiliated with Colors On Parade - NY - Renewal or any of its subsidiaries. To report an inaccuracy: info@franchiseoverview.com