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Updated RecentlyColorTyme vs PMD Furniture Direct Franchise Comparison
Below is an in-depth analysis and side-by-side comparison of ColorTyme vs PMD Furniture Direct 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 | $76,500 - $146,500 |
| Franchise Fee | $25,000 | $15,000 |
| Royalty Fee | 4% | 0 |
| Advertising Fee | $250/ mo | 0 |
| Year Founded | 1979 | - |
| Year Franchised | 1982 | - |
| Term Of Agreement | 5-10 years | - |
| Term Of Agreement | 5-10 years | - |
| Renewal 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 | PMD Furniture Direct� provides a comprehensive training program that will educate franchisees on everything needed to know about running the business. |
| 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 |
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| 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 PMD Furniture Direct
During the current economic times, consumers are seeking value � quality furniture and bedding at lower prices. PMD Furniture Direct� has created a simple approach to provide customers with exceptional products at competitive retail prices. This, along with customers' growing preferences for wholesale and discount retail outlets, places PMD Furniture Direct� in the perfect position to prosper in today's economic climate. PMD Furniture is a strong brand in the US home furnishings industry today and carries a strong dedication to core principles such as honesty, integrity, commitment, loyalty, belief, hard work, personal responsibility and family values. As a PMD Furniture Direct� franchise owner, you can expect: * No royalty fees * One of the lowest start-up costs in franchising, ranging from $76,500-$146,500 * Flexible scheduling * In-depth, ongoing training, support and Intranet and Internet resources * Franchisee incentive programs * Franchise fee discount for qualified military veterans * Quick turnaround time to be up and running as a franchise owner.