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Updated RecentlyColorTyme Franchise
Retailer specializing in appliance, furniture and home electronics rental and sales
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).
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How much does it cost to open a ColorTyme Franchise?
The 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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Color Tyme Rent-to-own Holds Grand Opening For New Horn Lake Location
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 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 |
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
5000 Legacy Dr. #210
Plano,
TX
75024