Color Glo International® Named In The Top Franchises below $100,000 of 2022 By Entrepreneur Magazine’s Franchise 500® Ranking
Minneapolis, MN Color Glo International was once again recognized as one of the top 100 franchises in Entrepreneur’s Franchise 500® in the list of top 100 franchises below $100,000 initial investment.
Top Low-Cost Franchise
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Top Low-Cost Franchise 〰️
Low-Cost Franchises
Color Glo International is proud to rank in the Entrepreneur Franchise 500 Top Low-Cost Franchises for 2022. See Color Glo’s ranking (rank number 69) in the 2022 Top Franchises for Less Than $100,000.
Over its 43 years in existence, the Franchise 500® has become both a dominant competitive measure for franchisors and a primary research tool for potential franchisees. Color Glo International’s position on the ranking is a testament to its strength as a franchise opportunity.
About the ranking
Don’t think you can afford to open a franchise? Think again. There are actually franchise opportunities available for a wide variety of investment levels. Even if your budget is limited, your options are myriad. Especially with Color Glo International.
In this list, companies are ranked based on the scores they received in Entrepreneur’s 2022 Franchise 500 ranking. Again, this was a comprehensive analysis that looked at more than 150 data points in the areas of costs and fees, size and growth, franchisee support, brand strength, and financial strength and stability. A company’s placement on this list does not necessarily mean that it will be able to start the business for less than $100,000, but simply that it is reasonably possible for some (without financing and without adding onto or converting an existing business).
Franchise with Color Glo
Color Glo has franchisees all over the nation and licensed franchise operations all over the world - in fact in more than 40 countries. Some U.S.-based franchisees can start their own business with Color Glo for as low as $56,000 - $61,000.
Top Reasons To Buy A Franchise
It gives you independence with guidance
Franchising can allow you to do what you love while running your very own business. It can also afford the opportunity to work for yourself and to serve a real purpose, instead of just working on things that you may do well for your boss or for someone else.
You can work with friends and family
This one depends on your relationships and confidence in your closest circle. With that being said, our favorite thing about being a franchise owner is being able to work alongside our loved ones. If you are a husband and wife team, it really can help you play to your strengths and deepen your life goals together.
It has the benefits of a big company
Owning a franchise helps you navigate bureaucracy and offers advice about how to handle certain situations that come up. Certainly, other franchisees may have faced these challenges before you. It also helps for getting group discounts on marketing materials and having a team to help build your brand locally as well as nationally. It is a good way for entrepreneurs to start their own businesses while still having the resources of a bigger company.”
Financial Funding is Easier
The fact that the business plan and all financial projections are already done makes it much easier when applying for a loan. The history with a franchise is hugely credible to the bank assuming they have a good track record.
You can ask for help
When you are self-employed or even a corporate executive at a larger company, your position can leave you feeling like you’re on an island all by yourself. Nowhere to turn for advice and help, as YOU are the advice and help center. Owning a franchise offers an entire network of people that are working in the same system, in the same role, and are your extended family for everything you encounter.
You have access to proper training
Most people can master one part of a business but struggle with other areas, which may include accounting, marketing, or managing. When you start your own business, you must learn all these things on your own. The learning curve is often quite steep. In a franchise system, you’ll be provided with proper training in all major areas of your new business. You’ll also have these resources at your side with advanced training to help you stay on top of your business as it grows.
At the end of the day, you have an excellent support system with a turn-key, tried, and true business system. The old adage applies here… “If you build it, they will come”.
About Color Glo International
Color Glo International is the World Leader in the restoration and repair of leather, vinyl, velour, cloth, and hard plastics commonly found in the markets of Automotive, Aircraft, Marine, and Furniture. Formally incorporated in 1975 Color Glo began franchising in 1982. Today in hundreds of markets throughout the world. Color Glo products are proven every day to offer the correct results and best value every time they are put to the test.
Contact
Mandi Brandon
mandi@colorglo.com
Own a franchise with CGI
Whether you are interested in a home-based business, a low start-up cost business or you simply love providing affordable solutions to your clientele - Color Glo is a viable option for you.