ColorTyme Franchise

Retailer specializing in appliance, furniture and home electronics rental and sales


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).

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Please Note: The operators of ColorTyme, may not have verified the accuracy of the Franchise information contained within this website. For accurate up-to-date information, investors are strongly recommended to visit the official ColorTyme website.

How much does it cost to open a ColorTyme Franchise?

The estimated investment required to open a ColorTyme Franchise is between $229,575-$357,500. There is an initial franchise fee of $25,000 which grants you the license to run a business under the ColorTyme name.

Individual Unit Costs

  • Initial Investment:
    $229,575-$357,500
  • Initial Franchise Fee:
    $25,000
  • Royalty Fee:
    4%
  • Advertising Fee:
    $250/ mo
  • Term of Agreement:
    5-10 years



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Colortyme, Inc., the nation's first franchisor of independently owned-and-operated rent-to-own stores, celebrated the opening of its newest store in Horn Lake, Miss. with a Grand Opening celebration on Saturday, August 3. Store owner Chip Freeman and his staff planned a number of exciting events ...

Renowned Rent-to- Own Veteran Louis Bacile Joins Color Tyme As New Franchisee
ColorTyme, Inc., the nation's first franchisor of independently owned-and-operated rent-to-own stores, announced today that award-winning rent-to-own professional Louis Bacile has become a new franchisee with the company. A 30-year veteran in the rent-to-own industry, Bacile was honored with the ...

Rent-a-center To Franchise Canadian Stores Through Colortyme Subsidiary
ColorTyme, Inc., America's first franchisor of independently owned-and- operated rent-to-own stores, will be expanding its reach internationally for the first time when it begins the franchising of 18 Rent-A-Centre locations in Canada. The 18 stores, which will continue to carry the Rent-A-Cent...

Colortyme Wraps Up National Convention With Meeting Of Franchise Advisory Council
ColorTyme, Inc., the nation's first franchisor of independently owned-and-operated rent-to-own stores, closed out its 2013 National Convention Wednesday morning with a meeting of the Franchise Advisory Council (FAC). The FAC convened at ColorTyme's corporate office to discuss topics relevant to t...

Color Tyme Appoints Debbie Romero As New Director Of Purchasing
ColorTyme, Inc., the nation's first franchisor of independently owned-and-operated rent-to-own stores, announced today the hiring of Debbie Romero as Director of Purchasing. Description: DebbieRomero "The success of our franchisees is the No. 1 goal of ColorTyme's brand, and Debbie will be an imp...

ColorTyme News & Press Releases

When did the first ColorTyme open? 1979
When did ColorTyme start Franchising? 1982

Year U.S.A. Canada International Corporate
2013 227 0 0 0
2012 223 0 0 0
2011 216 0 0 0
2010 209 0 0 0
2009 210 0 0 0
2008 212 0 0 0
2003 310 0 0 0
2002 314 0 0 0
2001 334 0 0 0
2000 345 0 0 0
1999 327 0 0 0
Year U.S.A.
2013 227
2012 223
2011 216
2010 209
2009 210
2008 212
2003 310
2002 314
2001 334
2000 345
1999 327
Year Canada
2013 0
2012 0
2011 0
2010 0
2009 0
2008 0
2003 0
2002 0
2001 0
2000 0
1999 0
Year International
2013 0
2012 0
2011 0
2010 0
2009 0
2008 0
2003 0
2002 0
2001 0
2000 0
1999 0
Year Corporate
2013 0
2012 0
2011 0
2010 0
2009 0
2008 0
2003 0
2002 0
2001 0
2000 0
1999 0

United States: Nationwide

International:

Expense In-House Third Party
Franchise Fee No Yes
Startup Costs Yes Yes
Equipment Yes Yes
Inventory Yes Yes
Accounts Receivable Yes Yes
Payroll Yes Yes

Third Party Financing Source(s): CitiBank

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

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

Business Experience:
Business Experience: Industry experience General business experience Marketing skills

To calculate how much income a franchise owner can do at ColorTyme Franchise, may vary on factors like location, size etc., On the other side as a business owner your goals to maintain the quality of service while streaming sales high and expenses low. As any other franchise may include rent/mortgage, staffing/family, inventory supplies, utilities, administrative costs vise vera. Location to location and seasons the months costs may vary. Most franchises start up costs are typically fixed and they will cover most of the initial operating costs like signage, furniture, decoration and renovations.

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Legal Disclaimer: This information is not a franchise offering for ColorTyme and should not be construed as such. The Franchise Mall makes every effort to maintain accurate franchise data but does not guarantee nor assume liability for incorrect data. We recommend that anyone seriously interested in pursuing a ColorTyme franchise opportunity, review that franchise's Franchise Disclosure Document (FDD) with an attorney and accountant.

ColorTyme

ColorTyme

ColorTyme
5000 Legacy Dr. #210
Plano, TX
75024

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