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Creative Colors

Table of Content
1. Franchise Snapshot
2. Franchise Overview
3. Performance and Metrics
4. Our Take
5. Additional Resources

1. Franchise Snapshot

Franchise Status
Active
Basic Information
Industry
Home & Building Services
Category
Maintenance, Repair, & Restoration
Investment Range
$101,380 - $121,911
Total US Locations
72
Franchise Units
69
Founding Year
1991
Started Offering Franchises
1991
Management Capacity
Owner Operator
Job Count
3
Prior E2 Investors?
Prior Visa Franchise Clients?
Royalty Fee
8%
Marketing Fee
1%
Franchise Fee
$59,500
Headquarters (City, State)
Mokena, IL
Square Footage
N/A - N/A
Retail Location?
No
Agreement Term Length
10 Years
Video

In these videos you will learn about the company firsthand. And they will also tell you in a short form about the financing of the enterprise.

*Information presented in these videos may change over time and may not reflect the most current franchise offering. Prospective franchisees should review the latest Franchise Disclosure Document (FDD) and consult directly with the franchisor for updated information.

2. Franchise Overview

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Overview

Launched in 1991, the Creative Colors International(CCI) franchise system was created through its affiliate, J&J’s Creative Colors, the original industry leader in refurbishment techniques and systems. Today, both companies continue to be family owned and operated by their second generation. Creative Colors International is recognized as the leader in the repair, reconditioning, protection, and color restoration of leather, vinyl, fabric, plastic and carpeting in the automotive, airplane, marine, furniture, commercial, and residential markets. Through proprietary technology and eco-friendly products, CCI restores damaged material at a fraction of replacement costs, saving customers up to 90 percent. CCI repairs are stronger than the original area and are nearly invisible to the naked eye. In the Automotive, Furniture and Commercial Markets, CCI offers on-site repair and restoration to all types of leather, vinyl, fabric, plastic and carpeting by repairing and re dyeing holes, cuts, tears, burns, scrapes, fading and discoloration. The franchise has many relationships with national companies, particularly in the hospitality and rental car markets.

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Management team / founders

Mark J. Bollman, is President and Co-Owner of Creative Colors International. He has been a part of the company since 1991. CCI is still a family owned and operated businesses. They encourage their franchisees to the share the same family values in their own units as they do at CCI Headquarters. The company is led by a very experienced and supportive management team that helps and trains franchisees so that they have all of the tools to success at their disposal. CCI has continuously been awarded top recognition as a franchise. They were included in the “Top 50 Franchisee Satisfaction Awards”in 2017 and 2016. In 2017 it was named to the 2017 Inc. 5000 list. In 2016, it was named as “2016 Best of the Best: Top 200 Franchises” list by Franchise Business Review.

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Focus of owner for daily business operations

As a CCI Franchisee, the main facets of the business entail: 1. Selling and marketing of restoration services; 2. Management and hiring of staff; 3. Scheduling of staff to match restoration contracts; 4. Review of financials

3. Performance & Metrics

Franchisor Fees | Item 6
Franchise Value
Industry Median
All Franchises Median
Royalty Fee
8%
6%
6%
Marketing Fee
Franchise Fee
$59,500
Total Investment Cost | Item 7
Type of Expenditure
Low Amount
High Amount
When due
Initial Franchise Fee
$59,500
Signing of Franchise Agreement
Start-Up Fee
$39,500
Signing of Franchise Agreement
Mobile unit
$720
$11,346
As Incurred
Mobile unit Setup
$0
$4,000
As Incurred
Pre-Opening Travel and Initial Training
$760
$1,265
As Incurred
Insurance
$750
$3,000
As Incurred
Office Equipment Office Supplies
$0
$1,600
As Incurred
Business Listing
$150
$600
On or before Grand Opening date
Internet Access
$0
$500
As Incurred
Additional Funds
$0
$600
As Incurred
TOTAL
$101,380
$121,911
Outlets and Franchisee Information | Item 20
Outlet type
Year
Outlets at the start of the year
Outlets at the end of the year
Net change
N/A
2021
73
71
-2
Franchised
2022
71
70
-1
N/A
2023
70
69
-1
N/A
2021
3
3
0
Company-Owned
2022
3
3
0
N/A
2023
3
3
0
N/A
2021
76
74
-2
Total Outlets
2022
74
73
-1
N/A
2023
73
72
-1
Net Unit Growth (Recent year)
Net Unit Growth (Recent 3 years)
Franchise Health Metrics
Growth Rate
1 year / 3 years
Failure Rate
1 year / 3 years
Franchise for Sale Rate
1 year / 3 years
Creative Colors
Industry median
Franchise Health Metrics
Franchise Historical Loan Metrics
10 Year Cumulative Charge Offs by $ of Loans
10 Year Cumulative Defaults
3 Year Predicted Default Rate
*Please note the information provided here is sourced from Lumos. We do not guarantee its accuracy or completeness. For verification, please refer to Lumos directly.
Item 19 – Financial Performance Representations
Historical financial performance representations
Franchise Financials
Franchisor company financial information, if disclosed by the franchisor.
Litigation & Bankruptcies
% of Franchisees Undergoing Litigation
0
% of Franchisees with Completed Litigation
0
Number of Bankruptcies Disclosed
0
*The litigation information displayed has been reviewed by our Product Development team. Franchises featured on this platform have been thoroughly assessed. However, Visa Franchise strongly recommends consulting with your own legal counsel for further guidance.

4. Our Take

Creative Colors International is a leader in their industry and are growing rapidly due to the different solutions they offer that many competitors are not able to service. In terms of low investment, operationally simplistic businesses, CCI is a solid option that offers the franchisee the ability to scale through purchasing more vans. The franchise business model has been proven in over 25 years of operation. The franchisor provides support in all facets of the business, from training to obtaining clients.