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Color Glo franchise financing options

Compare costs, fees and where to get financing for a Color Glo.

Editor's choice: OnDeck business lines of credit

  • Business or practice ownership not required
  • No hard annual revenue or time-in-business criteria
  • Multiple loans OK
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Overall costs for Color Glo run anywhere from $33,200 to $33,300. See how the costs break down and what funding options might be right for your new venture into the franchise foray.

Estimated initial costs

Our cost estimates are accurate as of 2021 from Franchise Direct and include opening fees and expenses only. The location you choose for your Color Glo franchise may result in higher or lower fees.

Franchise fees

Color Glo franchise fees total around $33,000, which beats out the $37,000 average for the 200 largest franchises nationwide.
Franchise Cost
Initial franchise fee $33,000 to $33,000
Estimated total $33,000 to $33,000

Equipment fees

Equipment fees total $250 for Color Glo. This is less than the $180,023 average for the top 200 franchises.
Equipment Cost
Equipment and supplies $200 to $300
Estimated total $200 to $300
All costs were found using the 200 largest franchises nationwide using Franchise Direct's list of more than 300 franchises, and are accurate as of 2021.

How to finance

The average cost to open one of the 200 biggest franchises in the US — $217,023 — is well over the estimated total initial costs for $33,250. Securing funds will likely be easier at lower amounts, just follow these steps:
  1. Review the financial requirements on the Color Glo franchising website.
  2. Compare banks, online lenders and business credit cards and determine which financing type best suits your needs.
  3. Once you settle on a financing type, compare lenders based on credit history requirements, amounts offered and interest rates.
  4. Gather all required documents and apply online or in person.

What types of financing is available?

Consider one of the following options for covering a portion of the costs to open a Color Glo.
  • Online loan. For a turnaround that's faster than a bank, an online business loan could be the way to go. Credit requirements are often more flexible than those of traditional bank loans, too.
  • Credit card. Using a business credit card allows you to spend up to your preapproved limit. This means if extra expenses pop up, you can likely cover them without having to take out another type of financing.
  • Bank loan. If you have stronger credit — typically a score of 670 or higher — a traditional bank loan may get you a more favorable interest rate than a credit card or online loan.
  • SBA loan. Qualifying for an SBA loan is easier than a traditional bank loan, but it typically comes with fees and higher interest rates.
Also check if Color Glo franchise financing is available. You may be able to get some of the costs covered for less than you would with other traditional funding options.

Compare small business lenders

You may not need financing to cover the estimated $33,200. But if you need funds for other business ventures, select the loan amount, your time in business and revenue and your personal credit score to compare a selection of lenders.
Name Product Filter Values Min. Amount Max. Amount Requirements
OnDeck small business loans
$5,000
$250,000
600+ personal credit score, 1 year in business, $100,000+ annual revenue
A leading online business lender offering flexible financing at competitive fixed rates.
Fora Financial business loans
$5,000
$500,000
6+ months in business, $12,000+ monthly revenue, no open bankruptcies
Get qualified for funding in minutes for up to $500,000 without affecting your credit score. Best for companies with at least six figures in annual revenue.
Lendio business loans
$500
$5,000,000
Operate business in US or Canada, have a business bank account, 560+ personal credit score
Submit one simple application to potentially get offers from a network of over 300 legit business lenders.
ROK Financial business loans
$10,000
$5,000,000
Eligibility criteria 3+ months in business, $15,000+ in monthly gross sales or $180,000+ in annual sales
A connection service for all types of businesses — even startups.
LendingClub personal loans for business
$1,000
$40,000
US citizen or permanent resident, verifiable bank account, steady source of income, ages 18+.
Get prequalified for a personal loan up to $40,000 to help you grow your business. Great for new business owners with at least fair credit.
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How Color Glo stacks up

Compare how Color Glo holds up against two similarly sized franchises.
UFC GYM Color Glo HOODZ
Average Franchise fees $35,000 $33,000 $57,400
Average Equipment fees $190,250 $250 $15,038
Average Real estate fees $200,000 NA $600
Average Training fees $3,500 NA NA
Average Inventory fees $14,000 NA NA
Average Marketing fees NA NA NA
Average Licenses and permits fees $5,250 NA $300
Average Insurance fees $7,500 NA NA
Average Admin fees NA NA NA
Average Personnel fees NA NA NA
Average Other fees NA NA NA

Bottom line

Color Glo franchise costs run a total of $33,250. Before you decide to become a franchisee, compare the total costs against industry averages. And to learn more about financing read our guide to franchise financing.

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