ColorTyme vs Batteries Plus Bulbs Franchise Comparison

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

Start-Up Costs and Fees
  ColorTyme Batteries Plus Bulbs
Investment 229575 - 357500 201450 - 385230
Franchise Fee 0
Royalty Fee 4% 5%
Advertising Fee $250/ mo 1%
Year Founded 1979 1988
Year Franchised 1982 1992
Term Of Agreement
Term Of Agreement
Renewal Fee


Business Experience Requirements
  ColorTyme Batteries Plus Bulbs
Experience ? Business Experience: ? Industry experience ? General business experience ? Marketing skills General business experience Marketing skills People skills

Financing Options
  ColorTyme Batteries Plus Bulbs
 
Franchise Fees No No
Start-up Costs Yes Yes
Equipment Yes Yes
Inventory Yes Yes
Receivables Yes No
Payroll Yes No

Training & Support
  ColorTyme Batteries Plus Bulbs
Training 4 Weeks Periodic store visits & regional meetings On-The-Job Training: 84 Classroom Training: 168 Additional Training: Ongoing
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 National Account Sales Program With Standardized Pricing, On-line Order Capabilities, E-commerce, Real Estate & Store Design Support, On-going Field Support, Product Call Center, Intranet Site plus: Purchasing Co-ops Meetings/Conventions Toll-Free Line Grand Opening Online Support Security/Safety Procedures Field Operations Site Selection Proprietary Software Franchisee Intranet Platform
Marketing *National Advertising *Regional Advertising *Local Advertising *Marketing Materials *Additional Services: customized ads *Other Marketing Support Co-op Advertising Ad Templates Regional Advertising Social media SEO Email marketing
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 62% of all franchisees own more than one unit Number of employees needed to run franchised unit: 4 Absentee ownership of franchise is allowed.

Expansion Plans
  ColorTyme Batteries Plus Bulbs
US Expansion Nationwide, Alabama, Alaska, Arizona, Arkansas, California, Colorado, Connecticut, Delaware, District of Columbia, Florida, Georgia, Guam, Hawaii, Idaho, Illinois, Indiana, Iowa, Kansas, Kentucky, Louisiana, Maine, Maryland, Massachusetts, Michigan, Minnesota, Mississippi, Missouri, Montana, Nebraska, Nevada, New Hampshire, New Jersey, New Mexico, New York, North Carolina, North Dakota, Ohio, Oklahoma, Oregon, Pennsylvania, Puerto Rico, Rhode Island, South Carolina, South Dakota, Tennessee, Texas, Utah, Vermont, Virginia, Washington, West Virginia, Wisconsin, Wyoming Nationwide, Alabama, Alaska, Arizona, Arkansas, California, Colorado, Connecticut, Delaware, District of Columbia, Florida, Georgia, Guam, Hawaii, Idaho, Illinois, Indiana, Iowa, Kansas, Kentucky, Louisiana, Maine, Maryland, Massachusetts, Michigan, Minnesota, Mississippi, Missouri, Montana, Nebraska, Nevada, New Hampshire, New Jersey, New Mexico, New York, North Carolina, North Dakota, Ohio, Oklahoma, Oregon, Pennsylvania, Puerto Rico, Rhode Island, South Carolina, South Dakota, Tennessee, Texas, Utah, Vermont, Virginia, Washington, West Virginia, Wisconsin, Wyoming
Canada Expansion 0
International Expansion

Start-Up Costs and Fees Mobile
Investment
ColorTyme
Batteries Plus Bulbs
Franchise Fee
ColorTyme
Batteries Plus Bulbs
Royalty Fee
ColorTyme 4%
Batteries Plus Bulbs 5%
Advertising Fee
ColorTyme $250/ mo
Batteries Plus Bulbs 1%
Year Founded
ColorTyme 1979
Batteries Plus Bulbs 1988
Year Franchised
ColorTyme 1982
Batteries Plus Bulbs 1992
Term Of Agreement
ColorTyme 5-10 years
Batteries Plus Bulbs 10 years
Renewal Fee
ColorTyme
Batteries Plus Bulbs 20% of franchise fee


Business Experience Requirements
Experience
ColorTyme ? Business Experience: ? Industry experience ? General business experience ? Marketing skills
Batteries Plus Bulbs General business experience Marketing skills People skills

Financing Options
 
Franchise Fees
ColorTyme No
Batteries Plus Bulbs No
Start-up Costs
ColorTyme
Batteries Plus Bulbs
Equipment
ColorTyme}
Batteries Plus Bulbs
Inventory
ColorTyme
Batteries Plus Bulbs
Receivables
ColorTyme
Batteries Plus Bulbs
Payroll
ColorTyme
Batteries Plus Bulbs

Training & Support
Training
ColorTyme 4 Weeks
Batteries Plus Bulbs Periodic store visits & regional meetings On-The-Job Training: 84 Classroom Training: 168 Additional Training: Ongoing
Support
ColorTyme 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
Batteries Plus Bulbs National Account Sales Program With Standardized Pricing, On-line Order Capabilities, E-commerce, Real Estate & Store Design Support, On-going Field Support, Product Call Center, Intranet Site plus: Purchasing Co-ops Meetings/Conventions Toll-Free Line Grand Opening Online Support Security/Safety Procedures Field Operations Site Selection Proprietary Software Franchisee Intranet Platform
Marketing
ColorTyme *National Advertising *Regional Advertising *Local Advertising *Marketing Materials *Additional Services: customized ads *Other Marketing Support
Batteries Plus Bulbs Co-op Advertising Ad Templates Regional Advertising Social media SEO Email marketing
Operations
ColorTyme ? 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
Batteries Plus Bulbs 62% of all franchisees own more than one unit Number of employees needed to run franchised unit: 4 Absentee ownership of franchise is allowed.

Expansion Plans
US Expansion
ColorTyme Nationwide, Alabama, Alaska, Arizona, Arkansas, California, Colorado, Connecticut, Delaware, District of Columbia, Florida, Georgia, Guam, Hawaii, Idaho, Illinois, Indiana, Iowa, Kansas, Kentucky, Louisiana, Maine, Maryland, Massachusetts, Michigan, Minnesota, Mississippi, Missouri, Montana, Nebraska, Nevada, New Hampshire, New Jersey, New Mexico, New York, North Carolina, North Dakota, Ohio, Oklahoma, Oregon, Pennsylvania, Puerto Rico, Rhode Island, South Carolina, South Dakota, Tennessee, Texas, Utah, Vermont, Virginia, Washington, West Virginia, Wisconsin, Wyoming
Batteries Plus Bulbs Nationwide, Alabama, Alaska, Arizona, Arkansas, California, Colorado, Connecticut, Delaware, District of Columbia, Florida, Georgia, Guam, Hawaii, Idaho, Illinois, Indiana, Iowa, Kansas, Kentucky, Louisiana, Maine, Maryland, Massachusetts, Michigan, Minnesota, Mississippi, Missouri, Montana, Nebraska, Nevada, New Hampshire, New Jersey, New Mexico, New York, North Carolina, North Dakota, Ohio, Oklahoma, Oregon, Pennsylvania, Puerto Rico, Rhode Island, South Carolina, South Dakota, Tennessee, Texas, Utah, Vermont, Virginia, Washington, West Virginia, Wisconsin, Wyoming
Canada Expansion
ColorTyme
Batteries Plus Bulbs 0
International Expansion
ColorTyme
Batteries Plus Bulbs