Rank no.431 – Color Me Mine Enterprises Inc. – US

Color Me Mine Enterprises Inc.

Products & Services: Paint-your-own-ceramics studio

Number of Locations: 140

Total Investment: $136.69K – 177.89K

Founded: 1992

Began Franchising: 1995

About Color Me Mine Enterprises Inc.

Founded in 1991, Van Nuys, California-based Color Me Mine 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.

Where Seeking Franchisees: Franchisor is seeking new franchise units worldwide.
Startup Costs, Ongoing Fees and Financing

Total Investment: $136,700 – $177,900
Franchise Fee: $30,000
Ongoing Royalty Fee: 5%
Term of Franchise Agreement: As long as lease term, renewable
FINANCIAL REQUIREMENTS
Net Worth: $200,000
Liquid Cash Available: $30,000 – $60,000
OPERATIONS
10% of all franchisees own more than one unit. Number of employees needed to run franchised unit: 2 – 6. Absentee ownership of franchise is allowed. (90% of current franchisees are owner/operators).

The popular Color Me Mine “The Art Of Having Fun” concept has expanded internationally to 11 countries and is supported by a knowledgeable and friendly corporate staff that is dedicated to the success of every studio.
Color Me Mine is the leader in the contemporary ceramics industry. Each location is an upscale art-as-entertainment studio offering unfinished ceramics and other craft media. Customers enter a relaxing environment, choose one of 400 unfinished pieces, and spend an hour or two painting it to express their own vision. Ceramic pieces are left to be glazed and fired, then picked up later.

President Mike Mooslin says, “As the only international chain in the contemporary ceramics industry, Color Me Mine is addressing the industry’s concerns that this is a fad and that it’s an easy business to enter. Our focus is on long-term stability through product diversification, proprietary innovations, centralized marketing, and operating systems that are difficult and expensive for independent operators to replicate.”

Color Me Mine’s unique concept offers the franchise owner a business that requires low start-up capital, is fun to operate, is difficult to compete against, and that makes a worthwhile contribution to the community. Even after factoring in the 5% royalty and 1% national marketing fund contribution, Color Me Mine franchise owners enjoy a lower cost of goods sold and lower studio operating expenses than independent studio operators average.

Franchises for new locations and studio conversions are available throughout the United States and abroad.
Source: http://colormeminefranchising.com