Franchise Overview

The following Questions and Answers relate directly to Colour Me Mine. We recommend that you also research the franchising industry as a whole. At the bottom of this page you will find links to websites that contain detailed information about franchising.

How much is the initial franchise fee and when it is paid?
The UK franchise fee is a one-time payment of £10,000 made at the time you sign the franchise agreement. If you open another studio, the franchise fee is reduced by £5,000 with the understanding that you will spend that amount on additional marketing. There are no additional charges for your training and for our assistance in opening your studio, other than out-of-pocket travel and lodging expenses.

How much are the royalty payments and other on-going fees?
The on-going royalty rate is 5% of gross sales. There is also a contribution to the corporate advertising fund of 1% of gross sales. Colour Me Mine requires that you allocate 2% of your gross sales to your own local marketing and advertising.

There is also an information and accounting service fee of $80 per month. Colour Me Mine provides each studio with numerous bi-weekly reports designed to help the studio operator continually evaluate the business, and also supports the Point-of-Sale software system.

Can I reserve an area before I find a site?
Yes! If the area you are interested in is available, you may sign a Non-Refundable Reservation for the area for £5,000 and have the exclusive right to look for a site in that area for up to a year. When you find a site and sign a lease, you will sign the Franchise Agreement and pay the balance of the franchise fee.

Are the terms of the Franchise Agreement negotiable?
While registered franchise agreements are typically non-negotiable, we have continually adapted our agreement to address the majority of changes requested by franchisee's legal counsel.

Why should I be a Colour Me Mine franchisee instead of opening an independent studio?
When you own a Colour Me Mine franchise, you join a family of entrepreneurs who want to stay focused on their customers, and utilize a professional organization to do the administration, vendor contracts, financial services, computer support, and research and development. As a franchise owner, you have an established system of operation from the moment you open your studio. You receive customized training and have access to experts with years of experience in the industry so that you don't rely on your own trial and error. You also become part of an organization that has national name brand recognition. With a strong franchisor, you have someone working on your business while you work in your business.

Can I convert my independent studio, or purchase an existing independent studio to convert to a Colour Me Mine franchise?
Absolutely! We have a conversion program to begin taking advantage of Colour Me Mine's purchasing power immediately while you gradually convert the studio. If you buy an existing studio, we will pass most of your franchise fee on to the seller as a referral fee to help you come up with the purchase price.

What do I do next?
Complete the Confidential Online Application. We will review and evaluate your application for preliminary approval and arrange a telephone interview. If there is mutual interest in moving forward, we will then work with you to determine if sites are available in your area that match Colour Me Mine's requirements and to obtain financing. We will invite you to meet the executive team to further investigate the Colour Me Mine opportunity and, should you wish, we can arrange for you to visit our US headquarter offices in Los Angeles..