Estimated Initial Investment

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
Total $183,450 $268,700
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

International Locations:
While the above programs are similar, start up and construction costs will vary in each location.

Franchise Fee:
The franchise fee is a one-time payment of $30,000 made at the time you sign the franchise agreement. If you open an additional studio, the franchise fee is reduced by $5,000. 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.

Royalties and Other Fees:
The on-going 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 that you allocate 2% of your sales to your own 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 also supports the Point-of-Sale software system.