Color Glo International Franchise Cost and Requirements for 2022

Financial Assistance: Neither Color Glo nor any agent or affiliate offers direct or indirect financing to the franchisee, guarantees any note, lease or obligation of the franchisee, or has any practice or intent to sell, assign or discount to a third party all or any part of any financing arrangement of the franchisee.  We do work closely with banks and other financial institutions that specialize in franchise financing.

Training and Assistance: Training lasts three weeks, and is begun within 90 days of execution of the Franchise Agreement and must be attended by the new franchisee. CGI's classroom instructor has ten years of experience. The field training is done by a franchisee with a minimum of ten years of experience. Refresher training and additional training is conducted during regional seminars and the annual seminar in Minneapolis. The License Agreement shall be terminated if the Licensee fails to commence operations of the Color Glo business within 90 days of execution of the License Agreement.

Territory: The franchisee will receive a protected territory when granted a Color Glo franchise by Color Glo. The territory is generally a metropolitan area, county or counties, and is specifically identified at least five business days prior to execution of License Agreement. Color Glo may not establish another franchise or company-owned Color Glo business in the protected territory if the franchisee is in complete compliance with the License Agreement without his or her written consent pursuant to release of the area and execution of a Subfranchise Agreement by both parties. Color Glo also may not sell the Color Glo products to other persons in the franchisee's territory except pursuant to the above-referenced agreement.
Term of Agreement and Renewal: Term of license agreement is for ten years. Additional terms of five years each can be added if the franchisee is in good standing.

Obligations and Restrictions: Color Glo does not require the franchisee to personally manage or operate the Color Glo business. The operator or manager of the Color Glo business does not have to complete the Color Glo training program. The manager cannot have an interest or business relationship with any of Color Glo's business competitors. Color Glo reserves the right to require operator or manager to sign a written agreement to maintain confidentiality of its trade secrets. However, Color Glo requires that the operator of the Color Glo business have a 10% ownership interest in the business.