Ditch Your J.O.B. For An Entrepreneur Lifestyle
Though you’ll never likely get rid of “the grind”, you can control WHEN you grind by becoming self-employed. The world of entrepreneurship has been on a significant rise in the past few years and franchising is a significant contributor.
Trade Your 9-5 To Become An Entrepreneur
Though you’ll never likely get rid of “the grind”, you can control WHEN you grind by becoming self-employed. The world of entrepreneurship has been on a significant rise in the past few years due to pandemic downsizing, an increased amount of single-parent households, and an overall embracement of creativity in our modern lives. People want to control their own work schedules and build something for themselves.
Whether it’s because of job loss, a changed perspective, a larger focus on work-life balance, or maybe it’s just a calling due to some great ideas, now may be the time to trade up your J.O.B. for something you work to own.
Franchise ownership is on the rise
So, you’ve decided to open your own business. But like many people, you’ve thought “why should I bear the burden of learning all the mistakes and building a brand when I can buy into a turn-key system?” You would not be alone in these sentiments.
The International Franchise Association released (in early 2022) an ‘Economic Outlook for Franchising 2022 Report‘ which cites that franchising will likely end the year with more than 792,000 establishments, adding a net gain of 17,000 new locations, with a marginally lower growth rate. but still contributing over $500 billion to the GDP. Previously in the 2021 Economic Outlook, they state that nearly all of the economic damage created by the COVID-19 pandemic could be erased in 2021. Specifically, franchising is projected to open more than 26,000 locations, add nearly 800,000 new jobs, and contribute a whopping $477 billion to the U.S. GDP.
As you can see, franchising has made significant contributions to our economy’s recovery and continues to do so by holding a 3.3% growth rate. Color Glo International has been part of this upward growth trend by opening several new franchise locations over the past year and a half. We have hundreds of locations both nationally and globally in more than 50 countries.
Consumer spending is in flux
In 2021, consumer spending habits were trending down. But in 2022 consumer spending habits have continued to sore despite the inflationary squeeze. Just today (September 14th, 2022) MSNBC reported that the average household is spending $450 per month more to buy the same things they did a year ago. Forbes consumer forecast 2022 report tells us that personal savings are below 2019 levels.
So, the point is that the cycle of inflation, cost of goods, and job instability is largely a major concern for most employees. Paying for their monthly bills and food is also a major problem. Losing a job from a company that may also be suffering from this issue is a major concern.
If you’ve been pondering the question “Should I buy a franchise in 2022 or 2023?, now is a perfect time to consider Color Glo International. Perfect, because we stand to benefit from the growing database of businesses and consumer striving to reduce their expense and increase their margins or savings by repairing vs replacing. By refurbishing vs. upholstering. By making new what once was old.
Restoring and reusing damaged items such as furniture, car and boat interior components, medical and gym equipment, and restaurant seats are becoming the preferred choice of consumers and businesses alike. It helps to keep countless items from ending up in landfills. Color Glo has felt the positive effects of these spending and behavioral shifts, with more and more consumers and businesses turning to us for help. We’ve been doing it since the 1970s!
Top Ranked Franchise Business
A Color Glo Franchise is a great choice. Year after year, CGI wins Entrepreneur’s award in multiple franchise categories including Top Franchises Below $100,00.
Create certainty in your future
Entrepreneurship has never been more accessible than it is today. People are making living creating original content on TikTok these days - influencers of products, places, and experiences. it’s literally an endless landscape of possibilities. And whether we are talking about Baby Boomers, Gen Xers, or Millennials, there is a gravitational shift towards taking the bull by the horns and managing one’s own destiny and schedule. Predicting the future, building wealth, and loving what you do.
Join The Ranks
Buying a Color Glo franchise eliminates all the hard work: finding a location, negotiating a lease, hiring reliable contractors, and doing all this on time and within budget. When you buy a Color Glo franchise you are buying a complete turnkey business. Join the ranks today and make a change for your family.
Build your career with Color Glo International. Inquire about franchising today.
How Restaurants Keep More Margin by Restoring Furniture in 2023
Restaurant owners are seeking and relying on color and fabric restoration services to help weather the difficult seasons that we have been through. Refurbishing vs buying new can save up to 70%.
Why Restaurants Should Restore Furniture & Booths
Chefs and restaurant owners nationwide continue to strive for the best ways to retain more margin in their businesses. We all know the restaurant industry can be brutally expensive. Theft and shrink are also just part of the biz, mostly internal and some just be the design of the business. So more and more restauranteurs are looking to fabric and color restoration companies to help me bring new life to their old digs.
Refurbsining helps in financial downtimes
It’s been a tough few years due to the pandemic and recovering economy. Many restaurants sat vacant and unkept, others have been overwhelmed with “catch-up” business for those that could not wait to get back out and spend money on food and beverage experiences. Others have bought used spaces that need some help desperately in the design category.
So now, restaurant owners are seeking and relying on color and fabric restoration services to help weather the difficult seasons that we have been through. When your dining rooming begins to show signs of wear, tear, abuse and neglect, it directly reflects on the business and the operators themselves. It can damage the image and decrease sales. Over time many nasty little annoyances can happen to your restaurant.
These may include:
Seating may rip or tear
Booths can crack from excessive wear
Leather and vinyl can fade from the sun and lose their luster
Help for restaurant profits
Though restaurants are back open and adhering to semi-normal operating hours, additional waves of the variant have caused many customers to stay away from establishments that pack people in. Additionally, restaurant operators struggled with rising product costs and labor shortages. The U.S. Department of Agriculture forecasts food prices will continue to rise between 5 and 6 percent in 2022. High food costs can be attributed to supply chain issues, high labor costs, and disrupted harvests.
As the price of food rising is also affecting restaurants in dramatic ways through smaller food orders, reducing menu elements, and incurring greater pain from internal food shrink, restaurants are also still feeling the labor shortage. A current statistic out there suggests that nearly 60% of franchise brands and local owners cannot find the labor to meet current demand despite offering increased wages and hiring incentives.
So what do restaurant owners do? They need to attract valuable talent so they must increase wages. Many are offering sign-on bonuses and finding other ways to combat the crunch. Some restaurants are enabling online ordering and looking for ways to sell more off-site and operate with fewer employees.
Refurbish vs Replace
So this brings us to a growing trend. Restaurant furniture such as booths, chairs, vinyl surface areas, benches, leather, plastics, and more can be restored for less than half the price of buying new. Your local Color Glo Specialist should be in your address book.
We can even bring worn carpet back to life.
Contact a Color Glo Specialist about Your Restaurant’s Fabric & Surfaces Needs
Color Glo International Ranked on Franchise Times Top 500 2022
Color Glo International® Ranked No. 111 on the Franchise Times Top 500 U.S.-Based Franchise Systems
Color Glo International® Ranked On Franchise Times Top 500 U.S.-Based Franchise Systems
Color Glo International ranks No. 111 out of 500 on the Franchise Times Top 500 2022.
“Combined overall growth of 20.5 percent for the Top 500 resulted in a record sales total of $769 billion, as major restaurant brands such as Mcdonald’s, KFC, and Burger King all rebounded in 2021 and then some after posting declines of as much as 12.6 percent in 2020,” said Michaels. “Color Glo International is proud to rank so prestigiously at No. 111 on this national ranking, offering our franchisees a turn-key business solution for their family”. ”
About Franchise Times
Franchise Times Top 500 ranks the industry’s biggest brands Annual ranking shows rebound across franchise segments.
The Franchise Times Top 500 is an exclusive annual ranking of the 500 largest U.S.-based franchise systems by global systemwide sales. The project is the result of a five-month research and reporting effort that leads to the most credible and objective franchise ranking available said Franchise Times Editor-in-Chief Laura Michaels. The collection of systemwide sales data also provides useful insight into the franchise industry’s performance coming out of the COVID-19 pandemic. Every segment gained ground in 2021, with some getting back to or even surpassing 2019 sales while others still have work to do.
The home services, automotive, and cleaning franchise industries all saw percentage sales growth in the double digits last year, while retailers posted a 5.2 percent increase as stores reopened. Used goods retailers saw major growth, with Uptown Cheapskate up 62.6 percent and Once Upon a Child up 34.9 percent.
“Recovery didn’t treat all brands equally, however. In the fitness segment, system sales at Orangetheory Fitness declined 12.5 percent, a drop of more than $140 million,” continued Michaels. “Franchises in the red will have some explaining to do, especially if competitors in their category turned in standout performances.”
ABOUT THE FRANCHISE TIMES TOP 500 The Franchise Times Top 500 is the only ranking by systemwide sales and units of the largest 500 U.S.-based franchise brands. Published in the October issue and available in a searchable database online, the Franchise Times Top 500 also analyzes industry sectors based on percentage change in sales growth, reports the 10 fastest-growing franchises by four different measures, and includes exclusive news stories about the biggest names in franchising. The rankings and full report, and the searchable online database, are available at www.franchisetimes.com/top-5002022.
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