Question 1

How much does it cost to open a Color Me Mine franchise?

Accepted Answer

The total initial investment for a Color Me Mine franchise ranges from $180K to $438K, according to the latest Franchise Disclosure Document (FDD).

Question 2

What is the Color Me Mine franchise fee?

Accepted Answer

The initial franchise fee for Color Me Mine is $30K.

Question 3

What are the net worth requirements for a Color Me Mine franchise?

Accepted Answer

Net worth requirements for Color Me Mine are specified in the Franchise Disclosure Document.

Question 4

Does Color Me Mine require a personal guarantee?

Accepted Answer

Yes, Color Me Mine requires a personal guarantee from franchisees. A spousal guarantee is also required.

Question 5

What equipment and inventory costs are involved with a Color Me Mine franchise?

Accepted Answer

Equipment costs for a Color Me Mine franchise range from $65K to $84K. Initial inventory costs range from $12K to $18K.