Start-Up Costs and Fees |
||
| ColorTyme | PMD Furniture Direct | |
| Investment | 229575 - 357500 | 76500 - 146500 |
| Franchise Fee | 0 | |
| Royalty Fee | 4% | |
| Advertising Fee | $250/ mo | |
| Year Founded | 1979 | 0 |
| Year Franchised | 1982 | 0 |
| Term Of Agreement | ||
| Term Of Agreement | ||
| Renewal Fee | ||
Business Experience Requirements |
||
| ColorTyme | PMD Furniture Direct | |
| Experience | ? Business Experience: ? Industry experience ? General business experience ? Marketing skills | |
Financing Options |
||
| ColorTyme | PMD Furniture Direct | |
| Franchise Fees | No | |
| Start-up Costs | Yes | |
| Equipment | Yes | |
| Inventory | Yes | |
| Receivables | Yes | |
| Payroll | Yes | |
Training & Support |
||
| ColorTyme | PMD Furniture Direct | |
| Training | 4 Weeks | PMD Furniture Direct provides a comprehensive training program that will educate franchisees on everything needed to know about running the business. |
| 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 | PMD Furniture Direct | |
| 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 | |
| PMD Furniture Direct | |
| Franchise Fee | |
| ColorTyme | |
| PMD Furniture Direct | |
| Royalty Fee | |
| ColorTyme | 4% |
| PMD Furniture Direct | |
| Advertising Fee | |
| ColorTyme | $250/ mo |
| PMD Furniture Direct | |
| Year Founded | |
| ColorTyme | 1979 |
| PMD Furniture Direct | 0 |
| Year Franchised | |
| ColorTyme | 1982 |
| PMD Furniture Direct | 0 |
| Term Of Agreement | |
| ColorTyme | 5-10 years |
| PMD Furniture Direct | |
| Renewal Fee | |
| ColorTyme | |
| PMD Furniture Direct | |
Business Experience Requirements |
|
| Experience | |
| ColorTyme | ? Business Experience: ? Industry experience ? General business experience ? Marketing skills |
| PMD Furniture Direct | |
Financing Options |
|
| Franchise Fees | |
| ColorTyme | No |
| PMD Furniture Direct | No |
| Start-up Costs | |
| ColorTyme | |
| PMD Furniture Direct | |
| Equipment | |
| ColorTyme} | |
| PMD Furniture Direct | |
| Inventory | |
| ColorTyme | |
| PMD Furniture Direct | |
| Receivables | |
| ColorTyme | |
| PMD Furniture Direct | |
| Payroll | |
| ColorTyme | |
| PMD Furniture Direct | |
Training & Support |
|
| Training | |
| ColorTyme | 4 Weeks |
| PMD Furniture Direct | PMD Furniture Direct provides a comprehensive training program that will educate franchisees on everything needed to know about running the business. |
| 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 |
| PMD Furniture Direct | |
| Marketing | |
| ColorTyme | *National Advertising *Regional Advertising *Local Advertising *Marketing Materials *Additional Services: customized ads *Other Marketing Support |
| PMD Furniture Direct | |
| 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 |
| PMD Furniture Direct | |
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 |
| PMD Furniture Direct | |
| Canada Expansion | |
| ColorTyme | |
| PMD Furniture Direct | |
| International Expansion | |
| ColorTyme | |
| PMD Furniture Direct | |