ColorTyme vs Cell Phone Repair Franchise Comparison

Below is an in-depth analysis and side-by-side comparison of ColorTyme vs Cell Phone Repair including start-up costs and fees, business experience requirements, training & support and financing options.

Start-Up Costs and Fees

 
ColorTyme Franchise
Cell Phone Repair Franchise
Investment $229,575 - $357,500$79,850 - $205,500
Franchise Fee $25,000$25,000
Royalty Fee 4%6.5%
Advertising Fee $250/ mo2%
Year Founded 19792004
Year Franchised 19822007
Term Of Agreement 5-10 years-
Term Of Agreement 5-10 years-
Renewal Fee --


Business Experience Requirements

 
ColorTyme Franchise
Cell Phone Repair Franchise
Experience � Business Experience: � Industry experience � General business experience � Marketing skills-

Financing Options

 
ColorTyme Franchise
Cell Phone Repair Franchise
  In-House/3rd PartyIn-House/3rd Party
Franchise Fees No/Yes-/Yes
Start-up Costs Yes/YesYes/Yes
Equipment Yes/Yes-/Yes
Inventory Yes/Yes-/Yes
Receivables Yes/Yes-/Yes
Payroll Yes/Yes-/Yes

Training & Support

 
ColorTyme Franchise
Cell Phone Repair Franchise
Training 4 Weeks On-The-Job Training: 40 hours Classroom Training: 40 hours
Support o Central Purchasing: Included in Fees o Field Operation Evaluation: Included in Fees o Field Training: Included in Fees o Initial Store Opening: Included in Fees o Inventory Control: Included in Fees o Franchisee Newsletter: Included in Fees o Regional or National Meetings: Included in FeesPurchasing Co-ops Newsletter Meetings/Conventions Toll-Free Line Grand Opening Online Support Security/Safety Procedures Field Operations Site Selection Proprietary Software Franchisee Intranet Platform
Marketing *National Advertising *Regional Advertising *Local Advertising *Marketing Materials *Additional Services: customized ads *Other Marketing SupportCo-op Advertising Ad Templates Regional Advertising Social media SEO Website development Email marketing
Operations � 49% of all franchisees own more than one unit � Number of employees needed to run franchised unit: 5 � Absentee ownership of franchise is allowed. (75% of current franchisees are owner/operators) � Average Number of Employees: 5 Full-time, 0 Part-time-

Expansion Plans

 
ColorTyme Franchise
Cell Phone Repair Franchise
US Expansion YesYes
Canada Expansion No-
International Expansion YesYes

Company Overviews

About ColorTyme

ColorTyme is America’s first franchisor of independently owned and operated rent-to-own stores.The nation's oldest rental-purchase franchise company, specializing in electronics, furniture, appliances and computers.ColorTyme franchised stores provide the best selection of name brand home furnishings, appliances, computers and electronics to buy, rent or lease to own. Products are typically delivered and set-up with no hassles and no down payment. Customers are able to lease living room furniture, bedroom furniture, big screen televisions and more! Name recognition, a national product service system, and 100% inventory financing are all reasons to join the ColorTyme family. Compelling unit economics combined with a well established, respected and trusted Franchisor provides an unparalleled opportunity.ColorTyme is an independent, wholly owned subsidiary of the largest rent-to-own company in the world, Rent-A-Center (NASDAQ: RCII).

About Cell Phone Repair

CPR is the most seasoned, most immovably settled, generally known and regarded mark name in the Cell Phone Repair industry. Almost everybody claims a wireless in today's general public and about everybody breaks them at some time too. The mobile phone repair industry is staying put and there is no better approach to take advantage of this exceedingly lucrative market than with a CPR establishment. Similarly as the auto repair industry developed quickly in extent to the quantity of autos being made, the development rate of PDAs and the cell repair industry is taking after a similar example. The market for wireless repairs is still in the early development stages and it will take numerous years for the extension of this market to approach immersion. Owning a CPR establishment is still a ground floor business opportunity as far as start-up expenses and income potential. As a franchisee, you'll have the capacity to offer a full scope of cell repair administrations to your clients with a brand name they've come to trust and regard. Best of all, you'll get the full support of the CPR group - a gathering that is focused on furnishing you with the preparation, hardware and assets you have to make your CPR store an effective, entrenched business. To take in more, we urge you to ask for additional data about this establishment opportunity.

Veteran Incentives  10% off franchise fee or franchise fee waived on third unit
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#48 in Franchise 500 for 2020.
#96 in Franchise 500 for 2020.