ColorTyme vs BoxDrop Franchise Comparison

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

Start-Up Costs and Fees
 
ColorTyme Franchise
BoxDrop Franchise
Investment $229,575 - $357,500$17,750 - $68,821
Franchise Fee $25,000$2,500
Royalty Fee 4%-
Advertising Fee $250/ mo-
Year Founded 19792019
Year Franchised 19822019
Term Of Agreement 5-10 years-
Term Of Agreement 5-10 years-
Renewal Fee --


Business Experience Requirements
 
ColorTyme Franchise
BoxDrop Franchise
Experience � Business Experience: � Industry experience � General business experience � Marketing skills-

Financing Options
 
ColorTyme Franchise
BoxDrop 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
BoxDrop Franchise
Training 4 Weeks -
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 Fees-
Marketing *National Advertising *Regional Advertising *Local Advertising *Marketing Materials *Additional Services: customized ads *Other Marketing Support-
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
BoxDrop Franchise
US Expansion YesYes
Canada Expansion No-
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 BoxDrop

"BoxDrop

BoxDrop has created a better and smarter way for you to buy mattresses and furniture. Using our unique relationships with manufacturers and our low-cost distribution system, we sell high-quality mattresses and furniture at deep discounts in a way that traditional retail stores can’t match.

The total investment necessary to begin operation of a new BoxDrop franchised BoxDrop Store is between $30,951 to $68,821. This total investment includes a minimum amount totaling $7,201 to $12,071 that must be paid to the franchisor or an affiliate on before December 31, 2020 and a minimum of $9,701 to $ 12,071 that must be paid to the franchisor or an affiliate after December 31, 2020.
The total investment necessary to begin operation of a converted BoxDrop franchised BoxDrop Store is between $17,750 - $43,250. This total investment includes a minimum amount totaling $0.00 that must be paid to the franchisor or an affiliate.