Licensee FAQ (Frequently Asked Questions)
Dr. Colourchip Licensee FAQ
Below are frequently asked questions regarding Dr. Colourchip licensing and our licensee program.
How much money can I make?
Profitability depends on many factors including operating costs, financing terms and most important, your ability to operate the business effectively.
Typical licensees’ achieve sales of $10,000 – $20,000 per month within the first year of business, depending on their ability to drive revenue.
What is the difference between being a Licensee and owning a Franchise?
A Licensee owns the exclusive right to use, advertise, and distribute Dr. Colourchip products and services within a specified region. Dr. Colourchip Licensees also benefit from a vast support network which encompasses regular training and feedback. For more information on what you will receive as a licensee, please visit our Why Dr. Colourchip page.
Franchisees are similar in a sense that they too are granted the right to conduct business within a specific franchise system. However, they must operate their business in a certain way as outlined in their Franchise Agreement, which typically includes extensive obligations on the part of the Franchisee.
Can I own more than one license?
Absolutely! Many of our current licensee’s own multiple exclusive territories.
Who can be a licensee?
We welcome all those interested to submit their Licensee Application via our website. However, we will be looking for the following qualifications in a candidate: (1) an entrepreneurial drive, (2) an open mind to follow a proven sales technique for high volume sales, (3) and reasonable health capable of handling light to moderate labour.
How do I purchase a Dr. Colourchip Licence?
Most licensees enter into our network by purchasing an available territory as outlined on our website. Some licensees have chosen to purchase an existing territory from a current owner. The financial requirements for each situation vary depending on the method of acquisition.
What are my financing options?
Dr. ColourChip Canada Inc. may be open to financing options at it’s sole discretion. Please inquire for more information during the application process.
What are the on-going payments I need to make after initial investment in the license?
A monthly royalty is required each month to maintain ownership of a territory.
I want to suggest a new market? Who can I talk to?
All inquiries and suggestions should be sent to firstname.lastname@example.org.