Start-Up Costs and Fees |
||
| ColorTyme | iCare Repair | |
| Investment | 229575 - 357500 | 55893 - 120993 |
| Franchise Fee | 0 | |
| Royalty Fee | 4% | 7.25% |
| Advertising Fee | $250/ mo | |
| Year Founded | 1979 | 2012 |
| Year Franchised | 1982 | 2012 |
| Term Of Agreement | ||
| Term Of Agreement | ||
| Renewal Fee | ||
Business Experience Requirements |
||
| ColorTyme | iCare Repair | |
| Experience | ? Business Experience: ? Industry experience ? General business experience ? Marketing skills | |
Financing Options |
||
| ColorTyme | iCare Repair | |
| Franchise Fees | No | |
| Start-up Costs | Yes | |
| Equipment | Yes | |
| Inventory | Yes | |
| Receivables | Yes | |
| Payroll | Yes | |
Training & Support |
||
| ColorTyme | iCare Repair | |
| Training | 4 Weeks | We'll provide substantial training on repairs and customer service, site selection, supply of low-priced OEM parts and repair tools, Internet presence and marketing, as well as unique point-of-sale (POS) and operational technologies. |
| 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 | iCare Repair | |
| 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 | Indiana, Michigan, Ohio, Oregon, Washington |
| Canada Expansion | ||
| International Expansion |
Start-Up Costs and Fees Mobile |
|
| Investment | |
| ColorTyme | |
| iCare Repair | |
| Franchise Fee | |
| ColorTyme | |
| iCare Repair | |
| Royalty Fee | |
| ColorTyme | 4% |
| iCare Repair | 7.25% |
| Advertising Fee | |
| ColorTyme | $250/ mo |
| iCare Repair | |
| Year Founded | |
| ColorTyme | 1979 |
| iCare Repair | 2012 |
| Year Franchised | |
| ColorTyme | 1982 |
| iCare Repair | 2012 |
| Term Of Agreement | |
| ColorTyme | 5-10 years |
| iCare Repair | |
| Renewal Fee | |
| ColorTyme | |
| iCare Repair | |
Business Experience Requirements |
|
| Experience | |
| ColorTyme | ? Business Experience: ? Industry experience ? General business experience ? Marketing skills |
| iCare Repair | |
Financing Options |
|
| Franchise Fees | |
| ColorTyme | No |
| iCare Repair | No |
| Start-up Costs | |
| ColorTyme | |
| iCare Repair | |
| Equipment | |
| ColorTyme} | |
| iCare Repair | |
| Inventory | |
| ColorTyme | |
| iCare Repair | |
| Receivables | |
| ColorTyme | |
| iCare Repair | |
| Payroll | |
| ColorTyme | |
| iCare Repair | |
Training & Support |
|
| Training | |
| ColorTyme | 4 Weeks |
| iCare Repair | We'll provide substantial training on repairs and customer service, site selection, supply of low-priced OEM parts and repair tools, Internet presence and marketing, as well as unique point-of-sale (POS) and operational technologies. |
| 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 |
| iCare Repair | |
| Marketing | |
| ColorTyme | *National Advertising *Regional Advertising *Local Advertising *Marketing Materials *Additional Services: customized ads *Other Marketing Support |
| iCare Repair | |
| 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 |
| iCare Repair | |
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 |
| iCare Repair | Indiana, Michigan, Ohio, Oregon, Washington |
| Canada Expansion | |
| ColorTyme | |
| iCare Repair | |
| International Expansion | |
| ColorTyme | |
| iCare Repair | |