ColorTyme vs uBreakiFix Franchise Comparison

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

Start-Up Costs and Fees
 
ColorTyme Franchise
uBreakiFix Franchise
Investment $229,575 - $357,500$98,350 - $303,000
Franchise Fee $25,000$0 - $40,000
Royalty Fee 4%7%
Advertising Fee $250/ mo-
Year Founded 19792009
Year Franchised 19822013
Term Of Agreement 5-10 years-
Term Of Agreement 5-10 years-
Renewal Fee --


Business Experience Requirements
 
ColorTyme Franchise
uBreakiFix Franchise
Experience � Business Experience: � Industry experience � General business experience � Marketing skills A bit of money, and not just change you found in your friend’s couch cushions. Have a passion for the tech industry, or at least appreciate it. A hardworking nature and a positive attitude. A people-person who enjoys helping folks out. An entrepreneurial spirit who sees the big picture. A person who will put customers above all else. Someone who will embrace the uBreakiFix brand and corporate culture.

Financing Options
 
ColorTyme Franchise
uBreakiFix Franchise
  In-House/3rd PartyIn-House/3rd Party
Franchise Fees No/Yes-/-
Start-up Costs Yes/Yes-/-
Equipment Yes/Yes-/-
Inventory Yes/Yes-/-
Receivables Yes/Yes-/-
Payroll Yes/Yes-/-

Training & Support
 
ColorTyme Franchise
uBreakiFix Franchise
Training 4 Weeks Our training program is second to none. It consists of 96 hours of training at our corporate facility in sunny Orlando, FL and 48 hours of intensive onsite training in your store.
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 FeesOur brand means everything to us, and when you become a franchisee, you’re an extended part of the uBreakiFix brand and community. We don’t mind holding your hand if you need it. From lease negotiations to construction build out, franchisees receive ongoing tech and business support. uBreakifix has built state of the art systems and infrastructure to help you keep tabs on not only your store’s day-to-day operations but also keep your location stocked with all of the parts you need to make the best repairs in the business.
Marketing *National Advertising *Regional Advertising *Local Advertising *Marketing Materials *Additional Services: customized ads *Other Marketing SupportAd Templates Regional Advertising Social media SEO Website development Email marketing Loyalty program/app
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
uBreakiFix Franchise
US Expansion YesYes
Canada Expansion NoYes
International Expansion Yes-

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 uBreakiFix

Founded in 2009, the uBreakiFix concept began franchising in 2013. The company offers both mail-in and walk-in repairs of electronics including smartphones, tablets, computers and video game consoles. All repairs come with a 90-day parts and labor warranty.

UBreakiFix is a retail electronics repair franchise. UBreakiFix franchisees take advantage of an established name that customers trust with industry leading quality guarantees and an emphasis on customer service. UBreakiFix franchisees combine a sought after service with healthy margins.

One byte at a time: uBreakiFix is rapidly growing to become one of the nation's leading electronics repair franchises.

The total investment necessary to begin operation of a uBreakiFix Store ranges from $98,350 to $303,000, excluding land. This includes initial fees totaling between $24,150 and $137,000 that must be paid to the franchisor or its affiliates, including the cost of pre-opening inventory, equipment, furnishings, signs, and expenses during site review (ranging between $24,150 and $56,000) that must be paid to the franchisor or its affiliates.
The total investment necessary to begin operation of a single Mobile Unit ranges from $29,160 to $88,910. This includes initial fees totaling between $2,850 and $38,500 that must be paid to the franchisor or its affiliates.
Veteran Incentives  20% off franchise fee
"Entrepreneur
#21 in Franchise 500 for 2020.
#18 in Franchise 500 for 2021.