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Below is an in-depth analysis and side-by-side comparison of RimTyme vs Sixt USA including start-up costs and fees, business experience requirements, training & support and financing options.
Start-Up Costs and Fees |
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Investment | $321,208 - $684,250 | $614,100 - $6,670,600 |
Franchise Fee | $25,000 | $25,000 - $750,000 |
Royalty Fee | 4% | 5% |
Advertising Fee | $250/ mo | - |
Year Founded | 2005 | 1912 |
Year Franchised | 2007 | 1988 |
Term Of Agreement | 5-10 years + 5-10 | 5 years |
Term Of Agreement | 5-10 years + 5-10 | 5 years |
Renewal Fee | - | - |
Business Experience Requirements |
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Experience | - | - |
Financing Options |
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In-House/3rd Party | In-House/3rd Party | |
Franchise Fees | No/Yes | -/- |
Start-up Costs | No/Yes | -/- |
Equipment | No/Yes | -/- |
Inventory | No/Yes | -/- |
Receivables | No/No | -/- |
Payroll | No/No | -/- |
Training & Support |
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Training | 4 Weeks | - |
Support | *Central Purchasing *Field Operation Evaluation *Field Training *Initial Store Opening *Inventory Control *Franchisee Newsletter *Regional or National Meetings | - |
Marketing | *National Advertising *Regional Advertising *Local Advertising *Marketing Materials *Additional Services *Other Marketing Support | - |
Operations | Passive Ownership: Discouraged Average Number of Employees: 5 Full-time, 0 Part-time | 90% of all franchisees own more than one unit. Absentee ownership of franchise is NOT allowed. |
Expansion Plans |
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US Expansion | Yes | Yes |
Canada Expansion | No | - |
International Expansion | Yes | Yes |
RimTyme franchises provide a full and complete line of custom wheel and tire products, offered to consumers under traditional retail sales programs and under rental purchase programs. RimTyme franchises also engage in retail sales of accessory products. The RimTyme franchise prototype was developed and proven by current franchisees. These custom rim and tire stores offer same-day custom wheel and tire installations to customers at competitive prices and affordable payment plans. Compelling unit economics, combined with a well-established franchisor with over 40 years' experience, provides an unparalleled opportunity.