About Colors On Parade - IL, MD, NY, VA - Unit Renewal Franchise
Colors On Parade is a mobile automotive repair and reconditioning franchise providing paint repair, paintless dent removal, headlight restoration, wheel restoration, and interior restoration services.
Owners operate certified mobile units, including trucks, trailers, or vans equipped with specialized equipment, serving customers within a defined territory.
The brand has been franchising since 1991.
Colors On Parade - IL, MD, NY, VA - Unit Renewal Franchise Cost & Fees
Minimum Investment
$21K
Average Investment
$59K
Maximum Investment
$98K
| Fee Type | Amount | Notes |
|---|---|---|
| Initial Franchise Fee | $2,500 to $7,500 | One-time payment upon signing |
| Royalty Fee | 20%-30% of Gross Sales of gross sales | Ongoing; paid monthly |
| Marketing/Ad Fund | Not required | 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 (Not required) 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 | $4,000 | $24,500 |
| Tools | $1,600 | $2,000 |
| Insurance | $300 | $6,000 |
| Training | $4,000 | $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 at the time of renewal (but in no event 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. |
| On-going Training and Assistance Fee | Up to 5% of collected Gross Sales (if Assisting Franchisee appointed) |
Training Program (Item 11)
| Detail | Information |
|---|---|
| Total Duration | Up to 2 weeks |
| Classroom Training | 72 hours for Paint Repair and Refinishing Tech Training; 8 hours for Operations, Marketing, Finance, Computer Training; 72 hours for Paintless Dent Repair. |
| On-the-Job Training | 0 hours |
| Training Location | Conway, South Carolina or Springdale, Arizona for paint repair and refinishing. Springdale, Arizona for paintless dent repair. Myrtle Beach, SC and Wilmington, NC and Kailua, Hawaii for 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. |
Territory Rights (Item 12)
| Detail | Information |
|---|---|
| Territory Type | Non-exclusive |
| Exclusive Territory | No |
| Territory Size | Geographic area with an estimated population of at least 100,000. |
| Description | A defined geographic area with an estimated population of at least 100,000, specified in the Franchise Agreement. Franchisees may operate from a mobile Operating Unit(s) or a fixed site within the territory. Franchisees may not solicit or provide services outside their territory without consent. 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. |
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 at the time of renewal (but in no event less than $3,750) |
| Renewal Conditions | Must give notice (90-180 days prior to expiration), not be in default, sign then-current form of 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 | Franchisor approval required (not unreasonably withheld if conditions met). Conditions include: all monetary obligations satisfied, no default, franchisee signs general release (subject to state law), franchisee agrees to non-compete, transferee agrees to discharge obligations, transferee qualifies/meets training/signs current agreement, original franchisee remains liable, and all applicable fees paid. Franchisor has right of first refusal. Special conditions for transfer to spouse/child(ren) (no transfer fee, no right of first refusal). |
| Termination for Cause | Franchisor may terminate for various defaults, including failure to pay fees (10-day cure, or immediate if 3 defaults in 12 months), material misrepresentation, understating sales (2% or more, or intentional), failure to complete initial training within 6 months, suspending operations for more than 7 days (non-force majeure), bankruptcy, unauthorized transfer, felony conviction or certain other crimes, or violation of health/safety laws (cure period varies). Other breaches have a 30-day cure period. |
| Non-Compete Period | In-term: during the term of the agreement. Post-term: 2 years after termination or expiration. |
| Non-Compete Details | In-term: Franchisee cannot be involved in any competing business providing Services or supplying goods/services to competitors, or solicit customers of TCFC/other franchisees. Post-term (2 years): Cannot solicit or provide Services to any customer or account serviced in the prior 3 years, or operate/manage any business providing Services within the Territory or any area where Services were provided in the prior 3 years, or offer/provide Services within 5 miles of any commercial customer or retail account serviced during the term. Liquidated damages of $25,000 or 30% of 12-month Gross Sales if violated post-term. |
Operations & Supply (Items 8 & 15)
| Detail | Information |
|---|---|
| Owner-Operator Required | Yes |
| Participation Details | The franchisee or an approved, fully trained full-time employee must personally operate and supervise the business, devoting full time and best efforts. This includes working full-time on weekdays and several evenings, and potentially weekends, especially during the initial years. The franchisee may not operate any other business or utilize unauthorized automobile products/services within the franchised business. Designated employees must sign Non-Disclosure and Non-Competition Agreements. |
| Required Suppliers | TCFC or its affiliates or approved suppliers for tools, equipment, and supplies; QuickBooks Pro program or another designated accounting program; Sherwin Williams, Inc. (SW) for automotive refinishing paint products (initial setups consigned, then substantially all paint products purchased from SW). |
| Supply Restrictions | Franchisees must purchase required tools, equipment, and supplies only from TCFC, its affiliates, or approved suppliers. Cannot purchase products from companies that "knock off" TCFC's products. Vehicle and computer can be purchased from any vendor but must meet specifications. Proprietary mobile lab with assigned paint-related products must be purchased from TCFC. |
| Franchisor Revenue from Suppliers | Total revenues from the sale of products ($890,130) and collection services ($349,499) to franchisees were $1,239,639 in fiscal year 2022, representing approximately 35% of total revenues. Franchisor also 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. |
Colors On Parade - IL, MD, NY, VA - Unit Renewal Franchise Earnings — Item 19
Colors On Parade - IL, MD, NY, VA - Unit Renewal does not make an Item 19 financial performance representation in their FDD. This means they do not disclose revenue, profit, or earnings data for franchised locations. Before investing, ask the franchisor directly for franchisee contact information so you can speak with existing owners about their actual financial performance.
Colors On Parade - IL, MD, NY, VA - Unit Renewal does not include an Item 19 financial performance representation in their FDD. Contact information for current and former franchisees is listed in Item 20 of the FDD.
Colors On Parade - IL, MD, NY, VA - Unit Renewal Litigation & Risk Flags
Clean Litigation RecordColors On Parade - IL, MD, NY, VA - Unit 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 - IL, MD, NY, VA - Unit Renewal System Growth
Total Units
223
Franchised
223
Company-Owned
0
Colors On Parade - IL, MD, NY, VA - Unit 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: 22
State Registrations
Registered in 17 states: CA, MD, NY, VA, MI, HI, MN, IL, NE, IN, ND, OR, RI, SD, TX, UT, WI
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 - IL, MD, NY, VA - Unit Renewal Franchise — FAQ
The total investment to open a Colors On Parade - IL, MD, NY, VA - Unit Renewal franchise ranges from $21,450 to $97,500, per their Franchise Disclosure Document. This includes the initial franchise fee of $2,500 to $7,500. The investment covers build-out, inventory, equipment, signage, working capital, and other startup costs.
Colors On Parade - IL, MD, NY, VA - Unit Renewal charges a royalty fee of 20%-30% of Gross Sales of gross sales, plus a Not required contribution to the marketing/advertising fund. These fees are paid on an ongoing basis.
You can download the Colors On Parade - IL, MD, NY, VA - Unit 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 - IL, MD, NY, VA - Unit Renewal to ensure you have the most up-to-date version.
Colors On Parade - IL, MD, NY, VA - Unit Renewal does not provide an Item 19 financial performance representation in their FDD, which means they do not disclose franchisee revenue or earnings data. Prospective investors should contact existing franchisees directly (listed in Item 20 of the FDD) to gather real-world financial performance information.
Colors On Parade - IL, MD, NY, VA - Unit Renewal 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 to $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 - IL, MD, NY, VA - Unit 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 - IL, MD, NY, VA - Unit Renewal or any of its subsidiaries. To report an inaccuracy: info@franchiseoverview.com