Colors On Parade Franchise Cost, Revenue & Review 2026
- Investment
- $22K – $98K
- Disclosed sales
- partial, no system average
- SBA charge-off
- Under 10 loans (2)
Data from FDD filing + SBA 7(a) records
Analysis by FranchiseVerdict Research · Methodology
Colors on Parade is a mobile automotive-reconditioning franchise providing paintless dent repair, paint touch-up, and cosmetic repairs for dealers and consumers. Franchisees run a van-based service traveling to dealerships and customers in a territory.
FranchiseVerdict summary · 2026
A COLORS ON PARADE franchise requires a total initial investment of $22K – $98K, including a $3K – $8K franchise fee and an ongoing 30.0% royalty[2]. The 2025 FDD on file does not yield a unit-revenue figure we can publish. FranchiseVerdict grade: A (Strongest tier), an editorial assessment, not investment advice. Run a live ROI scan →
Sources, dates and evidence
FDD issued: 2025 filing · Data extracted: · Last cited check: · Staleness risk: medium - a newer filing may exist
Evidence: strong✓ Investment (Item 7)✓ Item 19 status✓ Units and owners (Item 20)✗ SBA loan coverage✓ Litigation (Item 3)✓ Financial statements (Item 21)✓ Franchisor identityhow this is scored4 of 5 headline figures on this page cite a page of the filing; the rest are marked “Not cited” beside the figure.
Overview
- Investment
- $22K – $98K
- 1st pct Automotive
- Avg gross sales
- N/A
- Outlet subset
- Royalty
- 30.0%
- 50th pct Automotive
- Units
- 214
- 40th pct Automotive
- SBA charge-off
- N/A
Quick verdict · Automotive · color = vs category peers
Green = favorable by >10% vs Automotive median · No shading = within ±10% · Red = unfavorable by >10% · Source: FDD filings + SBA 7(a)
Data from public FDD filings and SBA records. Not financial advice. Methodology
Bottom line
- COSTTotal investment $22K – $98K including a $8K franchise fee, 30.0% ongoing royalty.
- RETURNSAverage fiscal-2022 gross sales for the 179 franchises operating more than three years (printed p.28), which is 179 of the 203 that had operated at least a year. All units are mobile. Data is fiscal 2022.
- RISKVerdict A (Strongest tier), verdict score 71/100 (higher is better).
- GROWTHFlat: no net change in franchised outlets in the latest year (26 opened, 22 closed) (Item 20).
- DATAItem 19 reports outlet revenue, but not in a form that yields a per-outlet average we can compare across brands. Ask franchisees directly for full unit-level revenue.
Item 1 · who you're contracting with
The Franchisor
Corporate structure & franchisor financials
- Legal entity
- Total Car Franchising Corporation
- Predecessor
- TCI, Inc.
- Prior franchisor entity
- CEO title
- President, CEO and Director
- Jeffrey Cox
- Incorporated in
- SC
- HQ
- 125 Daytona Street, Conway, SC 29526
- Auditor
- Smith Sapp Professional Association
- Audited financials
- Franchisor revenue
- $3.4M
- vs $3.5M prior year
- Management churn noted
- Frequent turnover
- Item 2 disclosed frequent executive changes
Independent franchisee associations
- Franchise Advisory Council (FAC)
Franchisee-led councils or alliances disclosed in Item 20. Indicates operator voice.
Overview
About
- CEO
- Jeffrey Cox
- Headquarters
- SC
- Founded
- 1991
- FDD year
- 2025
- States available
- 25
Can you afford it, and what does the money buy?
Entry cost runs 84% below the typical automotive franchise.
Source: FDD 2025 · Items 5–7
FDD Item 7 · 2025 filing
Initial investment breakdown
| Cost component | Low | High |
|---|---|---|
| Initial franchise fee | $8K | $8K |
| Working capital (3–6 mo) | $2K | $15K |
| Equipment, build-out, other | $12K | $75K |
| Total initial investment | $22K | $98K |
Source: COLORS ON PARADE 2025 FDD, Items 5 and 7[2]. “Equipment, build-out, other” is computed as total minus disclosed line items above.
Item 7 · what it costs to open + operate
The Vitals
- Total investment
- $22K – $98K
- Top 40% of category vs category
- Liquid capital req'd
- $2K – $15K
- Top 40% of category vs category
- Franchise fee
- $3K – $8K
- Top 40% of category vs category
- Royalty
- 30.0%
- Tiered by sales volume · typical 6–8%
- Ad fund
- 0.0%
- typical 3–5%
- Total fee load
- 20.0%
- vs 9–13% typical
Ongoing fees · Item 6
| Fee | Amount |
|---|---|
| Royalty | 30.0% of gross sales |
| Marketing / ad fund | 0.0% |
| Training fee | $8K |
| Transfer fee | $1K |
| Renewal fee | $4K |
| Total fee load | 20.0% of rev |
What do units actually make?
Source: FDD 2025 · Item 19
ROI & LBO modelsSingle-unit · 25-unit portfolio · editable
No Item 19 revenue figure for COLORS ON PARADE is on file. The return models need a revenue figure to start from, and the operating costs that turn gross sales into a profit are in no FDD. Enter your own and the calculator runs on your assumptions — nothing here is modelled until you do.
Returns model · single-unit ROIC
What would one COLORS ON PARADE unit return on the cash you put in?
Illustrative category typicals — not sourced to any filing, survey or sample. Replace them with figures from franchisee validation calls before you rely on the output.
Unlevered ROIC · per unit
Your modelled return on total invested capital, before any debt financing.
—
An FDD discloses gross sales, not profit. We hold no sourced figure for annual revenue, COGS, labour, rent / occupancy and other operating costs, and will not substitute an assumed one. Enter your own and the model runs on your assumptions.
These models are for research and scenario planning only. Not investment advice. Actual results depend on your specific location, management, and market conditions. Consult a franchise attorney and accountant before signing any franchise agreement.
Item 19 · Source: 2025 FDD
Financial Performance
Average fiscal-2022 gross sales for the 179 franchises operating more than three years (printed p.28), which is 179 of the 203 that had operated at least a year. All units are mobile. Data is fiscal 2022.
Reported for a subset of outlets rather than the whole system
- Item 19 type
- gross sales
- Sample size
- 196
- vs category median 70 · large
- Reporting year
- 2022
- Fiscal year the figures cover
- Source filing
- FDD 2025
- Disclosed in the 2025 filing, covering 2022
- Transparency
- 4 / 10
- vs category median 4 / 10 · typical
Compared against 167 Automotive brands
Item 19 · by group
What the filing does disclose
Item 19 of this FDD reports performance in more than one group. We publish no single average for this brand; the groups the filing does disclose are listed below, quoted from its own Item 19 table.
Each row below is quoted from the FDD's own Item 19 table. Gross sales are not profit.
Outlet subsetItem 19 detail
Average fiscal-2022 gross sales for the 179 franchises operating more than three years (printed p.28), which is 179 of the 203 that had operated at least a year. All units are mobile. Data is fiscal 2022.
By years open
| Segment | Sample | Avg |
|---|---|---|
| Franchises Operating More Than 3 Years | 179 | $144K |
| Franchises Operating 2-3 Years | 13 | $92K |
| Franchises Operating 1-2 Years | 11 | $150K |
Operator outlook
What the numbers say
Data-driven interpretation of this brand's financial disclosures, fee structure, and system trajectory.
Fee burden
Total ongoing fee load of 20.0% — above the Automotive median of 8.0%.
Disclosure
Item 19 reports outlet revenue, but not in a form that yields a per-outlet average we can compare across brands.
Operator retention
System roughly stable (+2.8% 3-year CAGR) with 214 units.
Multi-unit rate
Only 5% of franchisees own multiple units. Could indicate challenging economics or a young system where operators haven't had time to expand.
Source: FDD Item 19 financial performance representations and publicly filed FDD data. Past performance is not indicative of future results. Verify all figures with the franchisor and current franchisees before making any investment decision.
vs Automotive medians
How Colors On Parade Compares
Category median of published Automotive brands that report the figure; the middle half spans the 25th to 75th percentile and n counts the brands behind it. Medians are used because a few very large systems pull an average far from the typical brand. Revenue is disclosed gross sales, not profit.
Is the system healthy?
Source: FDD 2025 · Item 20
Unit growth
Item 20 · unit dynamics
The Growth Chart
- Total units
- 214
- Opened
- 26
- Last reporting year
- Closed
- 22
- Turnover rate
- 9.9%
- Company-owned
- 0
- Corporate units in the system
- % franchised
- 100%
- vs corporate-owned
- Multi-unit owners
- 5.0%
- Net growth (3-yr)
- +2.8%
- Net unit change over 3 years
- 3-yr CAGR
- +2.8%
- Compounded over last 3 years
Last fiscal year · Item 20 exits and transfers
- Signed, not yet open
- 0
- 0.00 per open outlet · Item 20 Table 5
- Projected new
- 12
- Franchisor's next-year forecast
Year-over-year franchised unit counts and net change. Source: FDD Item 20.
Item 20 · 8 states with active franchisees
The Territory Map
Derived from franchisee contact records. Shows states with at least one current operator. Not where the franchisor is registered to sell new units (that data is re-extracting in a future refresh).
States derived from franchisee contact records (FDD Item 20). Shows states with at least one current operator on file. Full state registration data (Item 12) will appear on a future FDD refresh.
Available to sell in · Item 12
- California
- New York
- Virginia
States where the franchisor is registered to sell new franchises (FDD registration filings).
Where the owners are · Item 20 owner list
82 current owners across 9 states.
- FL 23
- CA 19
- AR 13
- AL 9
- GA 8
- CO 7
- CT 1
- DE 1
- DL 1
Counts only, from the list the franchisor prints in Item 20. Names and phone numbers are for your own due diligence and are not shown here.
SBA loan performance
Government records
SBA Loan Data
Aggregated from SBA loan disclosures. This brand has only 2 7(a) loans on file; statistical reliability is limited below 10 loans.
- Total loans
- 2
- Loan volume
- $150K
- Median loan
- $75K
- 50th percentile
- Charge-off rate
- Under 10 loans (2)
- Insufficient SBA coverage: 2 loans, rate hidden below 10
Historical SBA 7(a) lending data, not predictive of future performance. How SBA charge-off rates are calculated
- Repayment rate (PIF)
- Under 10 loans (2)
- 5-yr charge-off
- Under 10 loans (2)
- Loans approved 2021+
- Active lenders
- 2
- Defaults
- N/A
Explore lender portfolios on Bank Reports or regional data on State Reports.
What could kill this investment?
Source: SBA 7(a) FOIA · FDD Items 3, 21
Risk analysis
FranchiseVerdict rating + FDD Items 3, 4, 8, 16, 21
Risk & Legal
Litigation (Item 3)
Subject: officers or affiliates. The franchisor is not a named party in these cases.
No litigation required to be disclosed
Bankruptcy (Item 4)
None disclosed
Audited financials (Item 21)
Yes · Smith Sapp Professional Association
Franchisor revenue (Item 21)
Franchisor entity revenue (not unit-level)
Supplier relationship · Items 8 & 16
- Franchisor sells you products: Yes
- Restricted to system-approved products: Yes
Score breakdown · what drove the 71 / 100 verdict
- 01MEDNet income not disclosed in FDD Item 19 — impossible to validate actual profitability claims
- 02MINORExtremely high royalty burden (20-30% of gross) combined with $143.5K avg revenue leaves minimal profit margin (~$28.7K-$57.4K gross after royalties alone)
- 03MINORMinimal system growth (1.8% YoY) with only 223 units — stagnant franchise system
- 04MINORNo territory protection — franchisees face cannibalization risk and direct competition from other franchisees
- 05MINORHigh royalty-to-revenue ratio suggests unit economics may not support franchisee profitability
- 06MINOR20-year term is unusually long and locks franchisees into relationship with struggling franchisor
Severity inferred from the FDD text · not a regulatory classification
What are you signing up for?
Ongoing fees run about 20.0% of sales (royalty + ad fund), before rent and labor.
Source: FDD 2025 · Items 11, 12, 17
FDD Items 12, 15, 17 · continued from Risk & Legal
Contract & Territory Detail
| Initial term | 20 years |
|---|---|
| Renewal term | 10 years |
| Allowed renewalsℹ | 1 |
| Territory type | No territory protection |
| Protected territory | No |
| Exclusive territoryℹ | No |
| Territory population | 100,000 |
| Online sales rightsℹ | Restricted |
| Franchisor can compete | Yes |
| Hire a manager? | Allowed |
| Owner-operator | Required |
| Non-compete (years)ℹ | 2 years |
| Right of first refusalℹ | Yes |
| Transfer requires consent | Yes |
| Termination notice | 30 days |
| Mandatory arbitration | Yes |
| Arbitration location | Conway, SC |
| Jury trial waiver | Yes |
| Governing law | SC |
| Litigation count | 0 |
View Item 3 litigation summary
No litigation required to be disclosed
Items 10, 11
Training & Operations
- Classroom training
- 80 hrs
- On-the-job training
- 0 hrs
- Training location
- Conway, SC or Springdale, AR (paint); approved third parties (PDR and interior)
- Ongoing training
- Required
- Time to open
- 1 mo
- From signing to launch
- Franchisor financing
- Not offered
- Item 10
- POS system
- QuickBooks Pro
- Operating tech stack
Items 5 & 11
Franchisor Support
Technology: QuickBooks Pro
Item 20 · call current owners
Franchisee Contacts
82 owners to call
Name · phone · city · state. Extracted from FDD Item 20
Frequently asked questions
Frequently Asked Questions
How much does it cost to open a COLORS ON PARADE franchise?
The total investment to open a COLORS ON PARADE franchise ranges from $22K – $98K, with an initial franchise fee of $8K. This includes real estate, equipment, inventory, and working capital as disclosed in their Franchise Disclosure Document (FDD).
What do COLORS ON PARADE franchise owners earn?
Item 19 of the COLORS ON PARADE FDD discloses figures for part of the system but no single average across all outlets. These are gross sales figures, not profit; the Revenue section shows what the filing reports and on what basis. Item 20 of the FDD lists current and former franchisees; asking them directly is the standard way to fill this gap.
Who owns COLORS ON PARADE?
COLORS ON PARADE is franchised by Total Car Franchising Corporation. Source: FDD Item 1, 2025 filing.
What is Item 19 in the COLORS ON PARADE FDD?
The FDD section where a franchisor may disclose financial performance of its outlets. Disclosure is optional and formats vary; figures are typically gross sales, which is revenue before expenses, not profit. FranchiseVerdict extracts these figures directly from the COLORS ON PARADE FDD and qualifies whose outlets they describe.
What is COLORS ON PARADE's franchise failure rate?
SBA 7(a) loan charge-off data is not available for COLORS ON PARADE (fewer than 10 loans on file). Charge-off rates are one way to gauge franchise risk, but not all franchise loans go through the SBA program. We recommend reviewing turnover and closure data in the FDD and speaking with current franchisees.
How many COLORS ON PARADE franchise locations are there?
As of their most recent FDD filing, COLORS ON PARADE has 214 total units in the United States, including 214 franchised units and 0 company-owned units. 26 new units were opened in the latest reporting year.
Is COLORS ON PARADE a good franchise to buy?
FranchiseVerdict rates COLORS ON PARADE as a A-grade franchise with a verdict score of 71 out of 100 (higher is better). The grade is a deterministic score built from six weighted dimensions — financial health, unit economics, unit growth, scale, legal, and transparency — then calibrated against SBA loan charge-off rates and FDD age. Transparency is one of the six, so a filing that discloses less scores lower on that dimension than one that discloses more. Our rating is based solely on publicly available FDD and government data; we recommend speaking with current franchisees before making any investment decision. This is not investment advice.
Data sourced from public FDD filings and SBA 7(a) FOIA records. Not financial advice.
For franchisors
Are you the franchisor?
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Data extracted from public FDD filings and SBA 7(a) loan disclosures (FOIA). This information is provided for research purposes only and does not constitute financial, legal, or investment advice. Verify all figures with the franchisor's current Franchise Disclosure Document before making any investment decision.