Color Me Mine Franchise

It may be time to become your boss and start your franchise business. Have you ever wanted to own your own business? Be your boss? Are you looking for a franchise in the USA?

As a franchise owner, you can improve your work-life balance, set your hours, have greater control of your day-to-day responsibilities, and build a flexible career around your lifestyle requirements. Is it time to be your boss? There’s no better way to take control of your life and start your own business in this sector than to own Color Me Mine Franchise.

Color Me Mine Franchise is right for you. To know about how you can get a Color Me Mine Franchise, in the following paragraph. You can see the cost and profit you can make through Color Me Mine Franchise. You can even learn about the requirements that are needed for a Color Me Mine Franchise.

Color Me Mine Franchise Wiki

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Color Me Mine is a franchise brand of paint-your-own-pottery studios that provides individuals and groups with the studio space and supplies to paint and design their ceramic-based works of art.

Founded in 1991, and since its inception, it has become a leader in its category and the only international brand in the contemporary ceramics industry. Painting officially acquired Color Me Mine with a Twist in 2020 to form Twist Brands, which focuses on arts and crafts as an entertainment segment.

Color Me Mine Franchise Benefits

• Brand Recognition
• Low Cost of Entry
• Support from an Expert Team
• Reduced Risk for Startups
• A Vibrant And Growing Industry

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Color Me Mine Franchise Financial Assistance

The franchisor may offer financing programs to its franchisees. The options and terms could be affected by several factors, including the creditworthiness of the franchisee, accounting rules, and availability of funds.

What Is Color Me Mine’s Business Model?

Color Me Mine’s business model centers on providing guests with a comfortable, non-judgmental place to be creative with ceramics. Each location is described as an “upscale” studio that offers unfinished ceramics and other craft media.

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Guests are guided through the painting process, and then their pieces are glazed and fired for later pick up. The brand offers its owners flexibility, as Color Me Mine can host several events, including birthday parties, bridal showers, team-building activities, workshops, and fundraisers in the studio, at home, or at school.

Color Me Mine is attractive to many entrepreneurs as it requires low startup capital, is fun to operate, and is difficult to compete against. Additionally, because the brand has national recognition, franchise owners can enjoy a lower cost of goods sold and lower studio operating expenses.

Color Me Mine Franchise Cost/ Investment / Price / Fee

The estimates below show the low to high range for the Estimated Initial Investment. This amount is based on the franchise fee, building improvements, furniture, fixtures, equipment, signage, inventory, travel, rent deposits, insurance, some working capital and other costs.

	Low	High
Reservation & Franchise Fee	$30,000	$30,000
Rent & Deposit	$4,500	$10,000
Tenant Improvements	$24,250	$50,000
Architect, Electrical & Permit Fees	$3,000	$8,500
Furniture, Fixtures, and Equipment	$65,000	$84,000
Computers, Communications, and Digital Marketing Systems	$6,500	$7,100
Exterior Signage	$4,500	$9,000
Sales Tax, Shipping and Handling	$6,000	$10,000
Initial Inventory and Supplies	$12,000	$18,000
Grand Opening Marketing and Advertising	$3,500	$3,500
Accounting Set Up Fee	$300	$500
Credit Card and Gift Card Processor	$700	$700
Insurance and Sales Tax Deposits	$500	$2,500
Organizational Expenses	$1,700	$2,500
Incidental Costs Incurred During Training	$1,000	$2,400
Additional Funds (For the First 3 Months)	$20,000	$30,000
Total	$183,450	$268,700

Franchise Fee

The franchise fee is a one-time payment of $30,000 when you sign the agreement. If you open an additional studio, the franchise fee is reduced by $5,000. There are no extra charges for your training and our assistance in opening your studio other than out-of-pocket travel and lodging expenses.

Royalties and Other Fees

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The ongoing royalty rate is 5% of sales. There is also a contribution to the marketing materials development fund of 1% of sales. Color Me Mine requires you to allocate 2% of your sales to local marketing and advertising. There is also a Technology Bundle Fee of $249 per month. Color Me Mine provides each studio with password-protected online access to numerous reports designed to help the studio operator continually evaluate the business and support the Point-of-Sale software system.

Color Me Mine Franchise Requirements

• Legal to work in the USA
• Ability to speak and understand English
• Have all Legal documents
• No criminal record

How Much Money Can I Make With A Color Me Mine Franchise

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We encourage prospective franchisees to conduct significant due diligence during the discovery process and contact existing franchisees with questions on marketing, finances, sales volumes, operations, etc. The amount of profit or loss depends on several factors, including the ability of the franchisee to manage the business, drive sales volume, and control operating costs.

How Many Color Me Mine Locations Are There?

As of September 2023, more than 120 Color Me Mine franchise locations nationwide exist.

How to Apply For Color Me Mine Franchise

First, you must fill out the form to get the franchise. Then the company officials will contact you for further details. After that, you can open this franchise.

Apply Here

Contact details

Website

https://www.colormemine.com/

Conclusion

So far, we have shared the basics for this franchise. It is the most profitable franchise. You will never doubt your decision to start this franchise. Go ahead and achieve your goal. If you find more information, please share it with us. Share your thoughts, and we will contact you with new franchises and opportunities. Stay Tuned for more franchises. Thank you

FAQ (Frequently Asked Question)

Is Color Me Mine Franchise profitable or not?

Ans: It is a fast-moving product with fewer margins, but your sales need to be lowered. So, you can make more profit from this business.

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How much does it cost to open Color Me Mine Franchise?

The initial investment necessary to open a Color Me Mine franchise ranges from $183,450 to $268,700.

Is Color Me Mine a Franchise?

Yes, Color Me Mine is a franchise.

Disclaimer: The information in this article, like investment, may vary from place to place, so we are not sure about the investment part and other parts.

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