Start-Up Costs and Fees |
||
| ColorTyme | Cricket by Generation Mobile | |
| Investment | 229575 - 357500 | 59930 - 79356 |
| Franchise Fee | 0 | |
| Royalty Fee | 4% | |
| Advertising Fee | $250/ mo | |
| Year Founded | 1979 | 2011 |
| Year Franchised | 1982 | 2011 |
| Term Of Agreement | ||
| Term Of Agreement | ||
| Renewal Fee | ||
Business Experience Requirements |
||
| ColorTyme | Cricket by Generation Mobile | |
| Experience | ? Business Experience: ? Industry experience ? General business experience ? Marketing skills | Business Experience: prefer wireless retail or retail management experience business acumen strong sales and customer service abilities |
Financing Options |
||
| ColorTyme | Cricket by Generation Mobile | |
| Franchise Fees | No | |
| Start-up Costs | Yes | |
| Equipment | Yes | |
| Inventory | Yes | |
| Receivables | Yes | |
| Payroll | Yes | |
Training & Support |
||
| ColorTyme | Cricket by Generation Mobile | |
| Training | 4 Weeks | Onsite training from Cricket Master Dealer Generation Mobile, a team of retailers with over 15 years in the wireless industry, 80+ locations nationally and the foresight to embrace the opportunity to partner with Cricket in offering to today's value-conscious consumers a "no signed contracts, no limits" option. |
| 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 |
||
| ColorTyme | Cricket by Generation Mobile | |
| 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 | |
| Canada Expansion | ||
| International Expansion |
Start-Up Costs and Fees Mobile |
|
| Investment | |
| ColorTyme | |
| Cricket by Generation Mobile | |
| Franchise Fee | |
| ColorTyme | |
| Cricket by Generation Mobile | |
| Royalty Fee | |
| ColorTyme | 4% |
| Cricket by Generation Mobile | |
| Advertising Fee | |
| ColorTyme | $250/ mo |
| Cricket by Generation Mobile | |
| Year Founded | |
| ColorTyme | 1979 |
| Cricket by Generation Mobile | 2011 |
| Year Franchised | |
| ColorTyme | 1982 |
| Cricket by Generation Mobile | 2011 |
| Term Of Agreement | |
| ColorTyme | 5-10 years |
| Cricket by Generation Mobile | |
| Renewal Fee | |
| ColorTyme | |
| Cricket by Generation Mobile | |
Business Experience Requirements |
|
| Experience | |
| ColorTyme | ? Business Experience: ? Industry experience ? General business experience ? Marketing skills |
| Cricket by Generation Mobile | Business Experience: prefer wireless retail or retail management experience business acumen strong sales and customer service abilities |
Financing Options |
|
| Franchise Fees | |
| ColorTyme | No |
| Cricket by Generation Mobile | No |
| Start-up Costs | |
| ColorTyme | |
| Cricket by Generation Mobile | |
| Equipment | |
| ColorTyme} | |
| Cricket by Generation Mobile | |
| Inventory | |
| ColorTyme | |
| Cricket by Generation Mobile | |
| Receivables | |
| ColorTyme | |
| Cricket by Generation Mobile | |
| Payroll | |
| ColorTyme | |
| Cricket by Generation Mobile | |
Training & Support |
|
| Training | |
| ColorTyme | 4 Weeks |
| Cricket by Generation Mobile | Onsite training from Cricket Master Dealer Generation Mobile, a team of retailers with over 15 years in the wireless industry, 80+ locations nationally and the foresight to embrace the opportunity to partner with Cricket in offering to today's value-conscious consumers a "no signed contracts, no limits" option. |
| 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 |
| Cricket by Generation Mobile | |
| Marketing | |
| ColorTyme | *National Advertising *Regional Advertising *Local Advertising *Marketing Materials *Additional Services: customized ads *Other Marketing Support |
| Cricket by Generation Mobile | |
| 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 |
| Cricket by Generation Mobile | |
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 |
| Cricket by Generation Mobile | |
| Canada Expansion | |
| ColorTyme | |
| Cricket by Generation Mobile | |
| International Expansion | |
| ColorTyme | |
| Cricket by Generation Mobile | |