Color Glo International Certified as a 2019 World-Class Franchise
MINNEAPOLIS, MN. Feb 04th, 2019 – Color Glo International® has received World-Class Franchise® certification from the Franchise Research Institute® for the ninth consecutive year.
Color Glo International® Certified as a 2019 World-Class Franchise® By The Franchise Research Institute®
MINNEAPOLIS, MN. Feb 04th, 2019 – Color Glo International® has received World-Class Franchise® certification from the Franchise Research Institute® for the ninth consecutive year.
According to the Franchise Research Institute, to be considered, a franchisor must be transparent and offer access to every franchisee. The results must be comprehensive (70%+ participation) and responses must remain confidential… no risk for negative and no-reward for positive ratings.
“The answer lies in how existing franchisees rate their franchise as a business investment.”
The Franchise Research Institute® sent a study solicitation notification to all ninety-three (93) Color Glo franchise owners. The study was completed in January 2019. Color Glo personnel gave franchisee contact information to the Franchise Research Institute. The notification included the URL (web address) of the Franchise Research Institute franchisee satisfaction online survey and a numeric “passcode” to insure no duplication of responses.
Franchise owners were encouraged by Color Glo and by the Franchise Research Institute to complete the survey, and were assured that their individual responses to the questionnaire would never be revealed to anyone outside of the Franchise Research Institute (including Color Glo management).
Franchisees logged on to the online survey questionnaire, entered their individual “passcode,” completed and submitted the survey. Sixty-eight (68) of the ninety-three (93) total franchisees, or 73.12%, responded and took the survey. The Franchise Research Institute has no reason to believe that non-respondents’ answers would vary substantially from those respondents.
The maximum error range on this study is plus or minus (±) 3.7% at the ninety-five percent confidence level.
Franchisee Responses
Among the responses received from Color Glo International’s franchisees:
99% gave a positive rating to the overall quality of the franchisor.
92% say if positioned with doing it again, they would re-invest a Color Glo franchise and 93% would recommend to others.
98% gave a positive rating to how Color Glo handles opening support.
100% gave a positive rating to the overall communication between home office personnel and franchisees.
95% gave a positive rating to the long-term growth potential for their franchise business.
99% gave a positive rating on ranking their franchise vs. local competitors.
100% gave a positive rating of how the franchisee rates the overall opportunity.
“We are honored to continually receive recognition for all the hard work that the Color Glo family pours into our franchisees and the success of their operations.”
About Color Glo International
Color Glo International is the World Leader in 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
Want to franchise with CGI?
Color Glo International Ranked On The 2019 Entrepreneur Franchise 500
Entrepreneur has been putting together the world's first, best, and most comprehensive franchise ranking for four decades. This year's (the 40th annual installment) turned out to be one of the most competitive years ever with more than 1,000 companies have applied to be a part of the list. Color Glo International is proud to have made that list again in 2019.
Color Glo International® Ranked On the 40th Annual Entrepreneur Franchise 500
Minneapolis, January 17th, 2019 - Color Glo International was recently ranked in Entrepreneur magazine’s Franchise 500®, the world’s first, best, and most comprehensive franchise ranking. Recognized by entrepreneurs and franchisors as a top competitive tool of measurement, the Franchise 500® places Color Glo International as #227 for its exceptional performance in areas including financial strength and stability, growth rate, and brand power.
Understanding the ranking
Entrepreneur’s 40th annual Franchise 500® continues to celebrate franchise systems with what is considered to be the world’s first, best, and most comprehensive franchise ranking with a proprietary formula to best evaluate the strength of the franchise opportunities offered today.
“We’re really pleased to have increased our rank on Entrepreneur’s Franchise 500 from 308 the previous year to 227. We are honored to continue to be recognized for meeting the 5 pillars of the franchise 500® year after year”
The five pillars of the franchise 500®
The key factors that go into their evaluation:
Costs & Fees
Franchise fee
Total investment
Royalty fees
Size & Growth
Open & operating units
Growth rate
Closures
Brand Strength
Social media
System size
Years in business
Years franchising
Support
Training times
Marketing support
Operational support
Franchisor infrastructure
Financing availability
Litigation
Financial Strength & Stability
Franchisor's audited financial statements
Before they determine rankings
The first step in determining the ranking is gathering the data. Beginning in July 2018, Entrepreneur asked franchisors to fill out an online form and submit a copy of their current Franchise Disclosure Document (FDD) or Canadian Disclosure Document. The response was impressive, with 1,094 companies supplying all the required information. Submissions were then vetted by an editorial team before being entered for data analysis.
To be eligible to rank, a franchisor must be seeking new franchisees in the U.S. or Canada and must have had a minimum of 10 units open and operating as of July 31, 2018, with at least one franchise located in North America. Each eligible franchisor was scored based on more than 150 data points, and those with the highest cumulative scores became the Franchise 500.
Color Glo International was also ranked amongst Entrepreneur.com’s 2019 Franchise 500 Ranking.
About Color Glo International
Color Glo International is the World Leader in 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
CGI Ranked Military Times Best in Franchise Rankings 2018
The latest Military Times Best: Franchises rankings are out, and 53 companies have made the 2018 list of the best franchises for veterans and military-connected franchisees. Color Glo International is number five.
Military Times Announces the Military Times Best: Franchises 2018
MINNEAPOLIS, MN. February 20th, 2018 - Military Times today announced the Military Times Best: Franchises 2018 rankings, as part of their rollout of Rebootcamp, their brand new website for transitioning service members, veterans and their families. 2018 is the seventh annual edition of rankings factors in company culture and support for military franchisees. 53 companies have made the 2018 list of the best franchises for veterans and military-connected franchisees. Color Glo International is number five.
About Military Times Ranking
A valuable resource for veterans – and a coveted honor for companies around the country – the annual Military Times rankings are the result of a meticulous, months-long process. Military Times invites franchise companies to fill out its rigorous survey of more than 100 questions, tests to ensure the accuracy of responses, carefully evaluates survey data and includes only the best companies in its published rankings.
Companies large and small participate in this annual evaluation. Those who make the cut proudly tout their spot on the Military Times Best list – on billboards, in ballparks and in ads across national publications.
In their seventh year, the franchise rankings evaluate company culture, investment quality, overall franchising costs, military discounts and other non-financial supports, including support for franchisees in the National Guard and reserves. Perhaps just as important is what is not factored in: whether companies advertise with our publication or otherwise pay us money. While other military news and rankings outlets have been accused of operating as pay-to-play schemes, Military Times rankings always have been, and remain, independent and objective news/editorial projects.
“The franchise brands on this list make the extra effort for their veteran and military-connected franchisees,”. “They earned their places on these rankings through their dedication to current and former service members, and their efforts should get the attention of veterans considering their launching a franchise.” ~ George Altman, the Military Times editor in charge of the rankings
For the full Military Times Best: Franchises 2018 rankings, go to www.rebootcamp.com.
Why Color Glo?
Color Glo International has recently been recognized again on the Entrepreneur Franchise 500 list for 2018, as well certified as a world-class franchise system by the Franchise Research Institute, leading to the natural selection for the Franchise Gator Top 100.
About Color Glo International
Color Glo International is the World Leader in 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
Own a franchise with CGI
Franchise Gator Names Color Glo International A Top 100 Franchise For 2018
Franchise Gator recently released its annual Top 100 and named Color Glo International a Top 100 franchise for 2018. The online franchise directory developed the rankings to help individuals interested in purchasing a franchise identify and limit potential risks when searching for the right opportunity.
Franchise Gator Names Color Glo International A Top 100 Franchise For 2018
MINNEAPOLIS, MN. January 29th, 2018 - Franchise Gator recently released its annual Top 100 and named Color Glo International a Top 100 franchise for 2018. The online franchise directory developed the rankings to help individuals interested in purchasing a franchise identify and limit potential risks when searching for the right opportunity.
Top 100 Importance
The Franchise Gator Top 100, now in its 5th year, highlights franchise systems and concepts that are both currently expanding and considered to be strong buys for prospective entrepreneurs and franchisees.
"Each year we comb through hundreds of Franchise Disclosure Documents to find franchise opportunities that are a great fit for our audience," said Eric Bell, General Manager at Franchise Gator. "Those that made the Top 100 show strong growth potential and make for a solid investment for the worthy candidate."
Why Color Glo?
Color Glo International has recently been recognized again on the Entrepreneur Franchise 500 list for 2018, as well certified as a world-class franchise system by the Franchise Research Institute, leading to the natural selection for the Franchise Gator Top 100.
“It’s rewarding and exciting to see that the Color Glo concept continues be listed in the Franchise Gator Top 100. We’re honored and love that so many people around the world have changed their trajectory with Color Glo.”
About Color Glo International
Color Glo International is the World Leader in 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
Own a franchise with CGI
Color Glo International Ranked On The 2018 Entrepreneur Franchise 500
Entrepreneur has been putting together the world's first, best, and most comprehensive franchise ranking for almost four decades. This year's (the 39th annual installment) turned out to be one of the most competitive years ever with more than 1,000 companies have applied to be a part of the list. Color Glo International is proud to have made that list again in 2018.
Color Glo International® Ranked On the 39th Annual Entrepreneur Franchise 500
"With more than 1,000 companies applying, the 39th annual Franchise 500 ranking is one of our most competitive ever. Those franchises that rose to the top reveal the newest trends as well as the industries that keep going strong decade after decade."
Understanding the ranking
Entrepreneur has been putting together the world's first, best, and most comprehensive franchise ranking for almost four decades. This year's (the 39th annual installment) turned out to be one of the most competitive years ever with more than 1,000 companies have applied to be a part of the list.
Color Glo International is proud to have made that list once again amongst some of the nations top opportunities across various niches including restaurants, hair care, real estate, technology, themed parks, and more.
The five pillars of the franchise 500®
The key factors that go into their evaluation:
Costs & Fees
Franchise fee
Total investment
Royalty fees
Size & Growth
Open & operating units
Growth rate
Closures
Brand Strength
Social media
System size
Years in business
Years franchising
Support
Training times
Marketing support
Operational support
Franchisor infrastructure
Financing availability
Litigation
Financial Strength & Stability
Franchisor's audited financial statements
Before they determine rankings
Beginning in July 2017, Entrepreneur asked franchisors to fill out an online form and submit a copy of their full current Franchise Disclosure Document (FDD) or Canadian Disclosure Document. A total of 1,023 supplied the required information. Submissions were then vetted by an editorial team before being entered for data analysis.
To be eligible to rank, a franchisor must be seeking new franchisees in the U.S. or Canada and must have had a minimum of 10 units open and operating as of July 31, 2017, with at least one franchise located in North America. Companies in Chapter 11 bankruptcy proceedings were not eligible. Then, each eligible franchisor was scored based on more than 150 data points, and those with the highest cumulative scores became the Franchise 500.
Color Glo International was also ranked amongst Entrepreneurs Top 500 Franchises For Veterans.
About Color Glo International
Color Glo International is the World Leader in 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
Color Glo International Certified as a 2018 World-Class Franchise
MINNEAPOLIS, MN. Dec 26th, 2017 – Color Glo International® has received World-Class Franchise® certification from the Franchise Research Institute® for the eighth consecutive year. Color Glo International is the World Leader in 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.
Color Glo International® Certified as a 2018 World-Class Franchise® By The Franchise Research Institute®
MINNEAPOLIS, MN. Dec 26th, 2017 – Color Glo International® has received World-Class Franchise® certification from the Franchise Research Institute® for the eighth consecutive year.
The recognition comes after an independent franchisee validation survey conducted by the Franchise Research Institute, in which 76.1% of all Color Glo International franchisees participated. The survey was designed to determine the quality of 10 key metrics crucial to franchisee success within the Color Glo International franchise system.
According to Jeff Johnson, Founder of the Franchise Research Institute, “Color Glo International understands the importance of the partnership between franchisor and franchisees, and relies on unbiased data to make decisions which help to maximize franchisee sales and profitability. Further, Color Glo’s willingness to share this ‘look behind the curtain’ provides a level of transparency in their franchise that is critical for franchise candidates.”
The survey asked Color Glo International’s franchise owners to rate their franchisor through a series of questions in categories such as overall quality, growth potential, support and communication.
Franchisee Responses
Among the responses received from Color Glo International’s franchisees:
- 99% gave a positive rating to the overall quality of the franchisor.
- 98% believe their franchisor encourages high standards of quality performance throughout the organization.
- 99% gave a positive rating to how their franchise business compares to the local competition.
- 99% gave a positive rating to the overall communication between home office personnel and franchisees.
- 97% gave a positive rating to the long-term growth potential for their franchise business.
“We are honored to continually receive recognition for all the hard work that the Color Glo family pours into our franchisees and the success of their operations.”
Color Glo International’s franchise satisfaction results are available at HERE.
About Color Glo International
Color Glo International is the World Leader in 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