About Colors On Parade - Unit Renewal - CA - 485901 Franchise
Colors On Parade is a mobile automotive cosmetic repair franchise with unit opportunities dating back to 1991.
This California renewal allows operators to continue providing on site vehicle appearance restoration services, traveling directly to dealerships, fleet lots, and individual customer locations across the state.
The franchise fee ranges from $2,500 to $7,500 depending on qualifications and experience.
Colors On Parade - Unit Renewal - CA - 485901 Franchise Cost & Fees
Minimum Investment
$21K
Average Investment
$59K
Maximum Investment
$98K
| Fee Type | Amount | Notes |
|---|---|---|
| Initial Franchise Fee | $2,500 - $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 | $21,450 – $97,500 | Includes build-out, inventory, working capital |
The investment range of $21K–$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 | $2,500 | $7,500 |
| Vehicle | $5,000 | $35,000 |
| Laptop Computer & Printer | $300 | $2,000 |
| Equipment (Paint Repair and Refinishing) | $10,000 | $24,500 |
| Equipment (Paintless Dent Removal) | $4,000 | $13,500 |
| Equipment (Interior Repair) | $8,227 | $8,227 |
| Tools (Paintless Dent Removal) | $1,600 | $2,000 |
| Insurance | $300 | $6,000 |
| Training (Paintless Dent Removal) | $4,000 | $4,000 |
| Training (Interior Repair) | $5,000 | $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 (minimum $3,750) |
| Technology Fee | Varies, potential licensing fees for software and required hardware/software updates |
| 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 |
| National or Regional Meeting Fee | Varies, to cover costs and expenses |
| Optional Training Fee | Varies, to reimburse TCFC for its costs and expenses |
Training Program (Item 11)
| Detail | Information |
|---|---|
| Total Duration | Up to 2 weeks for paint repair and refinishing; duration for paintless dent removal and interior repairs varies by approved third-party providers. |
| Classroom Training | 72-80 hours for paint repair and refinishing; 72 hours for paintless dent removal. |
| On-the-Job Training | 0 |
| Training Location | Conway, SC or Springdale, AR for paint repair and refinishing; Myrtle Beach, SC, Wilmington, NC, or Kailua, HI for paintless dent removal and interior repairs (provided by approved third parties). |
| Additional Training | Refresher and additional training programs are offered, sometimes regionally. Mandatory programs are free; optional programs may incur a reasonable fee. Training may also be provided at national or regional meetings, held at least annually. |
Territory Rights (Item 12)
| Detail | Information |
|---|---|
| Territory Type | Non-exclusive |
| Exclusive Territory | No |
| Territory Size | Estimated population of at least 100,000 |
| Description | A defined geographic area with an estimated population of at least 100,000. Franchisees have the non-exclusive right to operate a mobile or fixed-site business providing transportation-related repair, reconditioning, and restoration services. The franchisor reserves the right to operate or license others to operate businesses under the System within the Territory, and to develop other markets or use alternative distribution channels. Franchisees may not solicit or provide services outside their territory without consent. |
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 (minimum $3,750) |
| Renewal Conditions | 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, sign a general release (subject to state law), agree 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 reports or pay fees (10-day cure, or immediate if repeated), material misrepresentation, understating sales (immediate if intentional), failure to complete initial training within 6 months, failure to comply with corrective action (10-day cure), suspending operations for more than 7 days, bankruptcy, unauthorized transfer, felony conviction, or violation of health/safety laws (5-day cure or immediate if public threat). Other breaches have a 30-day cure period. |
| Non-Compete Period | 2 years post-term |
| Non-Compete Details | During the term: No direct/indirect involvement in any competing business providing Services or supplying goods/services to franchisees in competition with TCFC; no solicitation of customers of TCFC or other franchisees. Post-term (2 years): No direct/indirect involvement in any business providing Services; no solicitation of customers or accounts serviced in the prior 3 years; no offering Services within 5 miles of any commercial customer or retail account serviced in the prior 3 years. |
Operations & Supply (Items 8 & 15)
| Detail | Information |
|---|---|
| Owner-Operator Required | Yes |
| Participation Details | The franchisee must personally operate and supervise the 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 weekdays, evenings, and potentially weekends. Franchisees may not operate other businesses or utilize unauthorized related automobile products/services. Designated employees must sign Non-Disclosure and Non-Competition Agreements. |
| Required Suppliers | QuickBooks Pro (or designated accounting software); TCFC or approved suppliers for proprietary mobile lab, paint-related products, and other equipment, tools, and supplies; Sherwin Williams for automotive refinishing paint products (if participating in their consignment program); any A.M. Best 'A' or better rated insurance carrier (McGriff Insurance Services and State Farm are recommended); any vendor for vehicle, laptop computer, and printer (must meet specifications). |
| Supply Restrictions | Must obtain franchisor's prior written approval for any advertising or promotional materials not provided or approved by TCFC. Must obtain franchisor's prior written approval for any equipment, tools, supplies, and inventory not obtained from TCFC or an approved supplier. Prohibited from purchasing products from companies attempting to 'knock off' TCFC’s patented or trademarked products. |
| Franchisor Revenue from Suppliers | Total revenues from the sale of products and collection services to franchisees were $1,239,639 in 2022, representing approximately 35% of total revenues. TCFC receives a $25,000 annual marketing credit, a 15% rebate on gross sales of paints and coatings, a 5% rebate on gross sales of associated products, and a $400 franchise logo credit per new franchisee from Sherwin Williams. |
Financing (Item 10)
| Detail | Information |
|---|---|
| Financing Available | No |
| Description | TCFC does not offer direct or indirect financing or guarantee obligations. The U.S. Small Business Administration (SBA) has approved TCFC for listing on the Franchise Registry, which expedites loan processing for franchisees seeking SBA financing. |
Colors On Parade - Unit Renewal - CA - 485901 Franchise Earnings — Item 19
Average Revenue
$144K
Median Revenue
$119K
Sample Size
203 units
Past financial performance does not guarantee future results. Individual results will vary.
Colors On Parade - Unit Renewal - CA - 485901 Litigation & Risk Flags
Clean Litigation RecordColors On Parade - Unit Renewal - CA - 485901 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 - Unit Renewal - CA - 485901 System Growth
Total Units
223
Franchised
223
Company-Owned
0
Colors On Parade - Unit Renewal - CA - 485901 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 17 states: CA, MI, HI, MN, IL, NE, NY, ND, OR, VA, RI, SD, TX, UT, WA, WI, MD
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 - Unit Renewal - CA - 485901 Franchise — FAQ
The total investment to open a Colors On Parade - Unit Renewal - CA - 485901 franchise ranges from $21,450 to $97,500, per their Franchise Disclosure Document. This includes the initial franchise fee of $2,500 - $7,500. The investment covers build-out, inventory, equipment, signage, working capital, and other startup costs.
Colors On Parade - Unit Renewal - CA - 485901 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 - Unit Renewal - CA - 485901 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 - Unit Renewal - CA - 485901 to ensure you have the most up-to-date version.
According to the Item 19 financial performance representation in their FDD, Colors On Parade - Unit Renewal - CA - 485901 franchise owners report average revenue of $144K and median revenue of $119K. This is based on a sample of 203 units. Past performance does not guarantee future results.
Colors On Parade - Unit Renewal - CA - 485901 has been franchising since 1991. The FDD shows an investment range of $21,450-$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 $2,500 - $7,500 and the total investment ranges from $21,450 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 - Unit Renewal - CA - 485901 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 - Unit Renewal - CA - 485901 or any of its subsidiaries. To report an inaccuracy: info@franchiseoverview.com