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Updated RecentlyColorTyme vs Furniture Warehouse Outlet Franchise Comparison
Below is an in-depth analysis and side-by-side comparison of ColorTyme vs Furniture Warehouse Outlet including start-up costs and fees, business experience requirements, training & support and financing options.
Start-Up Costs and Fees |
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| Investment | $229,575 - $357,500 | $369,500 - $654,500 |
| Franchise Fee | $25,000 | $75,000 |
| Royalty Fee | 4% | 6% |
| Advertising Fee | $250/ mo | 3% |
| Year Founded | 1979 | - |
| Year Franchised | 1982 | - |
| Term Of Agreement | 5-10 years | 10 years |
| Term Of Agreement | 5-10 years | 10 years |
| Renewal Fee | - | 20% of current franchise fee |
Business Experience Requirements |
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| Experience | � Business Experience: � Industry experience � General business experience � Marketing skills | - |
Financing Options |
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| In-House/3rd Party | In-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 |
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| Training | 4 Weeks | We provide you an initial training program that covers material aspects of the operation of the franchised business. This training is offered on an as needed basis at our headquarters in Taylorsville, Utah, or another location we designate. You must designate a manger for the franchised business and he or she must satisfactorily complete the initial training approximately 8 weeks before the opening of the franchised business. One assistant of your choosing may also attend at your option. We expect that your attendees will advance through the training program at different rates depending on a variety of factors, including background and experience. |
| 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 | A Furniture Warehouse Outlet franchise will offer furniture, furnishings, both new and quality consigned, and mattresses and other home furnishings. |
Expansion Plans |
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| US Expansion | Yes | 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 Furniture Warehouse Outlet
NO LONGER FRANCHISING
Furniture Warehouse has been family owned and worked since 1975 and is outstanding for its astute promoting all through the Salt Lake Valley. A Furniture Warehouse Outlet establishment will offer furniture, decorations, both new and quality transferred, and sleeping pads and other home decorations.
Retail industry has been seeing steady development in the course of the most recent couple of years and is relied upon to develop more in the coming years. Getting the chance of Retail establishment could be the most astute choice that can help you get profited for lifetime. There are different open doors you can get from retail business establishment. In retail segment you can serve for purchaser durables and IT, markets and stores, home and office, sports merchandise and the sky is the limit from there. Getting into a retail business was never so natural; outline your prosperity way with retail establishment openings accessible.
Franchisee's will profit by utilization of our focal stockroom. This implies there is no capacity expenses to the franchisee. We likewise deal with the conveyance, we have a parent organization to handle your client benefit, we give you the business supplies and give you an intuitive site and in addition blessing card frameworks and blessing card bookkeeping took care of by us. Recieve stock reinforcement from different franchisees and organization stores.