ColorTyme vs Egismoz Franchise Comparison

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

Start-Up Costs and Fees

 
ColorTyme Franchise
Egismoz Franchise
Investment $229,575 - $357,500$1,750,000
Franchise Fee $25,000$35,000
Royalty Fee 4%4%
Advertising Fee $250/ mo-
Year Founded 19792005
Year Franchised 19822006
Term Of Agreement 5-10 years10 years
Term Of Agreement 5-10 years10 years
Renewal Fee -$5K or 33% of current fee


Business Experience Requirements

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

Financing Options

 
ColorTyme Franchise
Egismoz 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
Egismoz Franchise
Training 4 Weeks * Available at headquarters: 7-10 days

* At franchisee's location: 2-3 days

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
Egismoz Franchise
US Expansion Yes-
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 Egismoz

NO LONGER FRANCHISING