Start-Up Costs and Fees |
||
| Miracle Auto Painting | Aero Colours | |
| Investment | 216000 - 273000 | 49000 - 174000 |
| Franchise Fee | 0 | 0 |
| Royalty Fee | 5% | 7% |
| Advertising Fee | ||
| Year Founded | 1953 | 1985 |
| Year Franchised | 1964 | 1993 |
| Term Of Agreement | ||
| Term Of Agreement | ||
| Renewal Fee | ||
Business Experience Requirements |
||
| Miracle Auto Painting | Aero Colours | |
| Experience | General business experience Some type of automotive experience | General business experience Marketing skills |
Financing Options |
||
| Miracle Auto Painting | Aero Colours | |
| Franchise Fees | No | Yes |
| Start-up Costs | No | No |
| Equipment | No | No |
| Inventory | Yes | No |
| Receivables | No | No |
| Payroll | No | No |
Training & Support |
||
| Miracle Auto Painting | Aero Colours | |
| Training | New franchise owners begin their AERO COLOURS career with a four-week training program. The first two weeks are spent at AERO COLOURS Training Center in Minneapolis, Minnesota consisting of 80 hours of classroom and hands-on training. Each new franchisee receives a pre-training exercise packet, training manual that offers step-by-step instructions on how to repair everything from chip and scratches to mending a cracked bumper, a sales and marketing manual that covers sales, marketing, advertising and promotions and an administration manual that offers information and documents needed to operate an AERO COLOURS franchise business. | |
| Support | Newsletter, Meetings, Toll-free phone line, Grand opening, Internet, Security/safety procedures, Field operations/evaluations, Purchasing cooperatives | Newsletter, Meetings, Toll-free phone line, Internet, Security/safety procedures, Field operations/evaluations |
| Marketing | Co-op advertising, Ad slicks, Regional advertising | Ad slicks |
| Operations | 5% of all franchisees own more than one unit Number of employees needed to run franchised unit: 10 Absentee ownership of franchise is NOT allowed. (100% of current franchisees are owner/operators) | Franchise can be run from home. International franchisees required to buy multiple units/master licenses; 15% of all franchisees own more than one unit Number of employees needed to run franchised unit: 4 Absentee ownership of franchise is allowed. (90% of current franchisees are owner/operators) |
Expansion Plans |
||
| Miracle Auto Painting | Aero Colours | |
| US Expansion | Arizona, California, Colorado, New Mexico, Nevada, Oregon, Texas, Washington, | |
| Canada Expansion | ||
| International Expansion |
Start-Up Costs and Fees Mobile |
|
| Investment | |
| Miracle Auto Painting | |
| Aero Colours | |
| Franchise Fee | |
| Miracle Auto Painting | |
| Aero Colours | |
| Royalty Fee | |
| Miracle Auto Painting | 5% |
| Aero Colours | 7% |
| Advertising Fee | |
| Miracle Auto Painting | |
| Aero Colours | |
| Year Founded | |
| Miracle Auto Painting | 1953 |
| Aero Colours | 1985 |
| Year Franchised | |
| Miracle Auto Painting | 1964 |
| Aero Colours | 1993 |
| Term Of Agreement | |
| Miracle Auto Painting | 10 years |
| Aero Colours | 10 years |
| Renewal Fee | |
| Miracle Auto Painting | $1.5K |
| Aero Colours | $1K |
Business Experience Requirements |
|
| Experience | |
| Miracle Auto Painting | General business experience Some type of automotive experience |
| Aero Colours | General business experience Marketing skills |
Financing Options |
|
| Franchise Fees | |
| Miracle Auto Painting | No |
| Aero Colours | No |
| Start-up Costs | |
| Miracle Auto Painting | |
| Aero Colours | |
| Equipment | |
| Miracle Auto Painting} | |
| Aero Colours | |
| Inventory | |
| Miracle Auto Painting | |
| Aero Colours | |
| Receivables | |
| Miracle Auto Painting | |
| Aero Colours | |
| Payroll | |
| Miracle Auto Painting | |
| Aero Colours | |
Training & Support |
|
| Training | |
| Miracle Auto Painting | |
| Aero Colours | New franchise owners begin their AERO COLOURS career with a four-week training program. The first two weeks are spent at AERO COLOURS Training Center in Minneapolis, Minnesota consisting of 80 hours of classroom and hands-on training. Each new franchisee receives a pre-training exercise packet, training manual that offers step-by-step instructions on how to repair everything from chip and scratches to mending a cracked bumper, a sales and marketing manual that covers sales, marketing, advertising and promotions and an administration manual that offers information and documents needed to operate an AERO COLOURS franchise business. |
| Support | |
| Miracle Auto Painting | Newsletter, Meetings, Toll-free phone line, Grand opening, Internet, Security/safety procedures, Field operations/evaluations, Purchasing cooperatives |
| Aero Colours | Newsletter, Meetings, Toll-free phone line, Internet, Security/safety procedures, Field operations/evaluations |
| Marketing | |
| Miracle Auto Painting | Co-op advertising, Ad slicks, Regional advertising |
| Aero Colours | Ad slicks |
| Operations | |
| Miracle Auto Painting | 5% of all franchisees own more than one unit Number of employees needed to run franchised unit: 10 Absentee ownership of franchise is NOT allowed. (100% of current franchisees are owner/operators) |
| Aero Colours | Franchise can be run from home. International franchisees required to buy multiple units/master licenses; 15% of all franchisees own more than one unit Number of employees needed to run franchised unit: 4 Absentee ownership of franchise is allowed. (90% of current franchisees are owner/operators) |
Expansion Plans |
|
| US Expansion | |
| Miracle Auto Painting | Arizona, California, Colorado, New Mexico, Nevada, Oregon, Texas, Washington, |
| Aero Colours | |
| Canada Expansion | |
| Miracle Auto Painting | |
| Aero Colours | |
| International Expansion | |
| Miracle Auto Painting | |
| Aero Colours | |