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Color Me Mine
Color Me Mine was founded in 1991, Van Nuys, Ca. The company provides would-be artists with the studio and supplies to create ceramic masterpieces. Children and adults visit the stores, taking their pick of more than 300 pre-made pieces to paint.Color Me Mine can also set up painting parties at customers' homes. The company provide all the necessary supplies, collect the pieces at the end of a party, takes them to the studio for glazing and firing, and returns the completed vases, frames, mugs or plates the next day.
Facts & figures
The capital required to open a unit is $30,000. New Color Me Mine franchisees need to have at least a $200,000 net worth. The ongoing royalty payments from franchisees paid back to the franchisor is 5%. The low end of the total investment required to open a new franchise is $165,950. $228,000 is the maximum that someone opening a location should expect to invest. Before you become an owner, you will owe the franchisor a franchise fee of $30,000. Company operations commenced in 1992. New franchisees have been added to the system since 1995. In total, there are 136 units of this franchise open today.
