That doesn't sound too bad. If you want to go colored, make sure they can duplicate it. I designed a logo for a carwash once and it was perfect until they took it to the signmaker. They claimed they used the same graphics program I used but mine wouldn't transfer to their program. Then they said my colors couldn't be reproduced. In the end, my old timey cartoonish truck turned into a sports car! The car wash was named "Ken and Barbie's Bubble Bath" (owners were Ken and Barb...LOL). I did a cartoon font for Ken and Barbie's with a bubble font for Bubble bath and they couldn't reproduce that either. Needless to say, I was a bit upset when they geve me credit on the sign that I didn't create!
If they can completely reproduce it, I think that will be one cool logo! Best of luck getting it done!