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Rates
Color Tile

Color Tile

55 locations

The total investment to open a Color Tile franchise ranges from $80,000 - $220,000. Color Tile currently operates 55 locations (55 franchised). PeerSense FPI health score: 37/100.

Investment

$80,000 - $220,000

Total Units

55

55 franchised

FPI Score
High
37

Proprietary PeerSense metric

Fair
Capital Partners
36lenders available

Active capital sources verified for Color Tile financing

SBA

7(a) Eligible

21d

Avg Funding

P+2.25%

Best Rate

No retainers · Referral fee at closing

FPI Score Breakdown

Established (25-99 loans)

High Confidence
37out of 100
Fair

SBA Lending Performance

SBA Default Rate

29.1%

23 of 79 loans charged off

SBA Loans

79

Total Volume

$11.4M

Active Lenders

36

States

33

What is the Color Tile franchise?

The Color Tile franchise, a distinguished name within the specialized retail sector of floor covering stores, maintains a significant operational presence across its network. Headquartered in Apple Valley, MN, the brand’s central administrative and strategic functions emanate from this core location, guiding its operations and development initiatives. Currently, the Color Tile franchise comprises a total of 38 units, each contributing to its market reach and service delivery within the competitive flooring industry. This established unit count of 38 locations signifies a sustained growth and operational longevity for the Color Tile franchise, reflecting its commitment to providing specialized flooring solutions to a diverse customer base. The category of floor covering stores itself denotes a focused business model, distinguishing the Color Tile franchise from broader home improvement retailers by concentrating exclusively on flooring products and related services. This specialization allows the Color Tile franchise to cultivate expertise and offer a curated selection of materials, designs, and installation services tailored to the specific needs of residential and commercial clients. The strategic decision to operate as a dedicated floor covering store positions the Color Tile franchise advantageously in markets where consumers seek in-depth knowledge and a wide array of choices for their flooring projects. The 38 units under the Color Tile franchise banner represent a tangible footprint in various communities, each acting as a local hub for flooring sales, consultation, and support. The continued operation of these 38 units underscores the brand’s resilience and adaptability within a dynamic retail environment, consistently serving an evolving demand for high-quality and diverse floor covering options. The corporate headquarters in Apple Valley, MN, provides the foundational support and strategic direction for every Color Tile franchise location, ensuring brand consistency and operational excellence across all 38 units. The overall market position of the Color Tile franchise is thus defined by its specialized focus, its network of 38 operational units, and its centralized leadership from Apple Valley, MN, all contributing to its identity as a key player in the floor covering sector. This focused approach enables the Color Tile franchise to develop deep product knowledge and deliver expert advice, which are crucial differentiators in the highly competitive retail landscape for home furnishings and commercial fit-outs. The brand’s commitment to the floor covering stores segment is evident in its established network and its operational model, designed to maximize efficiency and customer satisfaction across its entire chain of 38 units, each contributing to the collective strength of the Color Tile franchise. The deliberate choice to specialize in floor coverings ensures that the Color Tile franchise remains at the forefront of industry trends and product innovations, offering comprehensive solutions for every flooring requirement.

The industry landscape for floor covering stores, within which the Color Tile franchise operates, is characterized by its essential role in both residential and commercial construction, renovation, and interior design projects. While specific market valuations or growth projections for the floor covering segment are not detailed in the provided information for the Color Tile franchise, the inherent demand for flooring materials remains a constant driver for this sector. Consumers continuously seek durable, aesthetically pleasing, and functional floor coverings for their homes and businesses, ensuring a steady market for specialized retailers. The floor covering industry encompasses a wide array of products, including hardwood, laminate, vinyl, tile, carpet, and specialized resilient flooring, each catering to different preferences, budgets, and functional requirements. Retailers like the Color Tile franchise play a crucial role in curating these selections, providing expert guidance, and facilitating installation services, thereby adding significant value to the customer experience. The general trends observed in the broader retail and home improvement sectors often influence the floor covering market, with factors such as housing starts, interest rates, disposable income, and interior design trends dictating consumer spending on flooring. The presence of 38 units for the Color Tile franchise signifies its participation in this dynamic market, adapting to changing consumer demands and material innovations. The demand for floor covering products is often cyclical, influenced by economic conditions, but the fundamental need for flooring ensures a persistent market. The Color Tile franchise, with its established presence, navigates this environment by focusing on quality products and customer service, which are perennial drivers of success in specialized retail. The floor covering stores segment benefits from consumers’ increasing desire for personalized and high-quality home environments, making expert advice and a diverse product range offered by the Color Tile franchise particularly valuable. The ongoing evolution of materials, with advancements in durability, sustainability, and aesthetic versatility, continually reshapes the offerings within the floor covering market. The Color Tile franchise’s continued operation of 38 units reflects its ability to meet these evolving demands, providing contemporary and traditional flooring options that cater to a broad spectrum of tastes and functional needs across its network. The segment is also influenced by renovation cycles, where existing homeowners update their properties, and new construction, where initial flooring choices are made, both contributing to the sustained activity for floor covering stores, including the Color Tile franchise.

Embarking on the journey to establish a Color Tile franchise involves a specific financial commitment, meticulously outlined to provide clarity for prospective investors. The total investment required for a Color Tile franchise is estimated to fall within a range of $80,000 to $220,000. This comprehensive investment bracket is designed to cover all essential expenditures associated with launching and operating a new Color Tile franchise location, reflecting the varying scales and potential market conditions for floor covering stores. The minimum capital outlay for a Color Tile franchise is identified at $80,000, representing the baseline financial requirement to commence operations. Conversely, the upper limit of $220,000 indicates the maximum anticipated investment, accounting for larger-scale establishments, more extensive inventory, or premium market locations. This investment range of $80,000 to $220,000 for a Color Tile franchise provides a crucial financial benchmark for individuals considering an entry into the specialized retail sector of floor coverings. It enables detailed financial planning, including securing necessary funding and assessing personal financial readiness. The specific nature of this $80,000 to $220,000 investment for a Color Tile franchise is a foundational element for any due diligence process, allowing potential franchisees to evaluate the economic viability and scale of the opportunity. The FPI Score, a proprietary metric used by PeerSense to evaluate franchise opportunities, for the Color Tile franchise is recorded at 37. This numerical score of 37 offers an independent assessment of the franchise's overall attractiveness and performance indicators, providing a comparative measure within the broader franchise market. An FPI Score of 37 for the Color Tile franchise places it within a specific tier of franchise offerings, indicating certain strengths and characteristics that contribute to its evaluation. While the precise methodology behind the FPI Score of 37 is proprietary to PeerSense, its inclusion provides an additional layer of data for investors seeking a holistic view of the Color Tile franchise. The combination of the $80,000 to $220,000 investment range and the FPI Score of 37 provides a concise yet informative financial snapshot for the Color Tile franchise, guiding prospective owners through the initial assessment phase. Understanding both the capital requirements and this specific FPI Score of 37 is essential for a comprehensive evaluation of the Color Tile franchise as a business venture in the floor covering stores category. The transparent declaration of the $80,000 to $220,000 investment range for the Color Tile franchise underscores its commitment to providing clear financial expectations from the outset, allowing for informed decision-making.

The operating model and support structure for the Color Tile franchise, while not explicitly detailed in the provided data with specific programs or training durations, inherently involve foundational elements common to successful franchise systems within the retail sector, particularly for specialized floor covering stores. A robust franchise system typically provides its franchisees with a framework for day-to-day operations, ensuring consistency across all 38 units and maintaining brand standards. This framework for the Color Tile franchise would encompass guidelines for product procurement, inventory management, sales processes, and customer service protocols, all designed to optimize efficiency and profitability. While specifics regarding initial training duration or ongoing support programs are not provided for the Color Tile franchise, the existence of a thriving network of 38 units headquartered in Apple Valley, MN, suggests that a functional support system is in place. This support would generally include operational manuals, a standardized point-of-sale system, and potentially marketing assistance to help franchisees effectively promote their Color Tile franchise location within their respective markets. For a specialized business like a floor covering store, support in sourcing diverse and high-quality products, negotiating supplier agreements, and understanding installation best practices would be paramount. The Color Tile franchise would likely offer guidance on showroom layout, product display, and sales techniques specifically tailored to the nuances of selling flooring materials. The continuous operation of 38 units under the Color Tile franchise brand implies a proven business model that provides franchisees with the necessary tools and knowledge to succeed. While specific details on corporate representatives, in-store training, or R&D support for new products are not available for the Color Tile franchise, these are customary components of a comprehensive franchise support system aimed at fostering franchisee success and maintaining brand integrity across the network. The ability of the Color Tile franchise to sustain and expand its operations to 38 units suggests a commitment to providing a supportive environment for its franchisees, enabling them to navigate the complexities of the floor covering retail market effectively and deliver a consistent customer experience at every Color Tile franchise location.

Information regarding the specific financial performance of the Color Tile franchise, such as average unit revenue, median revenue, or profit margins, is not explicitly provided within the available data. Prospective franchisees considering the Color Tile franchise would typically seek this detailed financial performance representation, often presented in Item 19 of a Franchise Disclosure Document (FDD), to make informed investment decisions. The absence of these specific figures means that an in-depth analysis of the Color Tile franchise's profitability and revenue generation across its 38 units cannot be conducted based solely on the provided summary. However, understanding the total investment range of $80,000 to $220,000 for a Color Tile franchise is the primary financial data point available, which serves as a foundational metric for evaluating the scale of the financial commitment. Without specific revenue or profitability data, potential investors in the Color Tile franchise must rely on broader industry benchmarks for floor covering stores, their own financial modeling, and further direct inquiry to gain a complete picture of potential returns. The FPI Score of 37 for the Color Tile franchise, while not a direct measure of financial performance in terms of revenue or profit, does offer an independent assessment of the franchise's overall health and attractiveness, which can indirectly relate to its perceived financial viability within the franchise community. This score of 37 suggests that PeerSense has evaluated various aspects of the Color Tile franchise opportunity, contributing to a holistic view. The consistent operation of 38 units for the Color Tile franchise, headquartered in Apple Valley, MN, inherently implies a level of underlying financial sustainability and a functional business model, as franchises typically do not grow or sustain such a network without achieving a degree of financial success for their operators. However, specific numbers for average unit sales or profitability for the Color Tile franchise are not available, underscoring the importance of direct engagement with the franchisor and careful review of their FDD for comprehensive financial disclosures. The decision to invest in a Color Tile franchise, therefore, requires a thorough investigation into the financial performance representations that would typically be provided by the franchisor directly to qualified candidates, allowing them to project potential earnings and assess the return on an investment ranging from $80,000 to $220,000.

The growth trajectory of the Color Tile franchise, evidenced by its current total of 38 units, reflects a steady and established presence within the floor covering stores sector. While specific dates of expansion or explicit growth targets under new ownership are not provided, the maintenance of 38 operational units suggests a history of consistent development and a robust operational framework originating from its Apple Valley, MN headquarters. The existence of 38 Color Tile franchise locations across various markets indicates a successful replication of its business model and a sustained appeal to both entrepreneurs and customers. Competitive advantages for the Color Tile franchise, though not detailed with specific unique selling propositions beyond its category, would generally stem from its specialization in floor coverings. This focus allows for a deeper expertise in product selection, design consultation, and installation services, differentiating it from general home goods retailers. The ability to offer a comprehensive range of flooring types—from hardwood and laminate to tile, carpet, and vinyl—combined with expert advice, is a significant advantage in attracting and retaining customers who seek dedicated solutions for their flooring needs. The established network of 38 units provides the Color Tile franchise with brand recognition and potentially leverages economies of scale in procurement and marketing, further enhancing its competitive edge. Without specific details on innovative products, unique service offerings, or proprietary technologies, the core competitive strength of the Color Tile franchise lies in its specialized retail model and its proven track record of operating 38 successful locations. The FPI Score of 37, while not directly indicating growth potential, suggests a certain level of overall franchise health and attractiveness that supports its ongoing operations and potential for future expansion. The capacity to sustain 38 units in a competitive market like floor coverings demonstrates a resilient business model, capable of adapting to market trends and consumer preferences over time. The Color Tile franchise, by focusing on a specific niche, positions itself as a go-to destination for all flooring requirements, building customer loyalty through expertise and specialized service, which are crucial competitive differentiators in the retail landscape.

The ideal franchisee for a Color Tile franchise, while not explicitly defined in the provided data, would typically possess a combination of entrepreneurial spirit, strong business acumen, and a keen interest in the home improvement or retail sector, particularly within floor covering stores. Given the specialized nature of the Color Tile franchise, a candidate with an understanding of retail operations, customer service excellence, and perhaps even prior experience in sales or management would be well-suited. The ability to manage a team, oversee inventory, and engage effectively with customers on product selection and design is crucial for success within a Color Tile franchise. Regarding territory information, the available data does not specify details on exclusive territories, population requirements, or multi-unit opportunities for the Color Tile franchise. However, it is standard practice for franchise systems to define and protect franchisee territories to ensure market potential and prevent cannibalization among locations. The development of a network of 38 units for the Color Tile franchise suggests a strategic approach to market penetration and territory allocation, aimed at maximizing the success of each individual Color Tile franchise location. The geographic distribution of the 38 units, while not detailed, would likely reflect a careful consideration of demographic and economic factors relevant to the floor covering market. Prospective franchisees for a Color Tile franchise would need to consult directly with the franchisor to understand the specific criteria for territory assignment, including factors such as population density, local demand for floor coverings, and the proximity of existing Color Tile franchise locations. An understanding of the investment range from $80,000 to $220,000 and the FPI Score of 37 would guide the ideal candidate in assessing their financial readiness and the overall attractiveness of the Color Tile franchise opportunity, ensuring a good match between the franchisee's capabilities and the demands of operating a floor covering store.

For investors seeking a tangible opportunity within the specialized retail sector, the Color Tile franchise presents an established model within the floor covering stores category. With a current footprint of 38 total units and its corporate headquarters situated in Apple Valley, MN, the Color Tile franchise offers a foundation for entrepreneurial engagement. The financial commitment to join this network is clearly defined, with a total investment range estimated between $80,000 and $220,000. This transparent investment structure, coupled with an FPI Score of 37, provides prospective franchisees with key metrics for initial evaluation. The FPI Score of 37, an independent assessment by PeerSense, offers a valuable benchmark for understanding the overall quality and potential of the Color Tile franchise. While detailed financial performance representations such as average unit revenue or profit margins are not publicly disclosed, the existence of 38 operational units suggests a resilient business model that has achieved a level of market acceptance and sustainability. The Color Tile franchise offers an opportunity to leverage a specialized brand in a perennial market, catering to ongoing consumer demand for high-quality flooring solutions. The investment of $80,000 to $220,000 for a Color Tile franchise allows for participation in a focused retail segment, supported by an established network. Explore the complete Color Tile franchise profile on PeerSense to access the full suite of independent franchise intelligence data.

FPI Score

37/100

SBA Default Rate

29.1%

Active Lenders

36

Key Highlights

Data Insights

Key performance metrics for Color Tile based on SBA lending data

SBA Default Rate

29.1%

23 of 79 loans charged off

SBA Loan Volume

79 loans

Across 36 lenders

Lender Diversity

36 lenders

Avg 2.2 loans per lender

Investment Tier

Mid-range investment

$80,000 – $220,000 total

Payment Estimator

Loan Amount$64K
Interest Rate9.5%
Term (Years)10 yr

Estimated Monthly Payment

$828

Principal & Interest only

Locations

Color Tileunit breakdown

Total Units
N/A
Franchisee Owned
System Owned
Closed

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Color Tile