Start-Up Costs and Fees |
||
| ColorTyme | Sears Home Appliance Showrooms | |
| Investment | 229575 - 357500 | 122000 - 1895000 |
| 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 | Sears Home Appliance Showrooms | |
| Experience | ? Business Experience: ? Industry experience ? General business experience ? Marketing skills | |
Financing Options |
||
| ColorTyme | Sears Home Appliance Showrooms | |
| Franchise Fees | No | |
| Start-up Costs | Yes | |
| Equipment | Yes | |
| Inventory | Yes | |
| Receivables | Yes | |
| Payroll | Yes | |
Training & Support |
||
| ColorTyme | Sears Home Appliance Showrooms | |
| 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 | |
| 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 | Sears Home Appliance Showrooms | |
| 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 | |
| Sears Home Appliance Showrooms | |
| Franchise Fee | |
| ColorTyme | |
| Sears Home Appliance Showrooms | |
| Royalty Fee | |
| ColorTyme | 4% |
| Sears Home Appliance Showrooms | |
| Advertising Fee | |
| ColorTyme | $250/ mo |
| Sears Home Appliance Showrooms | |
| Year Founded | |
| ColorTyme | 1979 |
| Sears Home Appliance Showrooms | 0 |
| Year Franchised | |
| ColorTyme | 1982 |
| Sears Home Appliance Showrooms | 0 |
| Term Of Agreement | |
| ColorTyme | 5-10 years |
| Sears Home Appliance Showrooms | |
| Renewal Fee | |
| ColorTyme | |
| Sears Home Appliance Showrooms | |
Business Experience Requirements |
|
| Experience | |
| ColorTyme | ? Business Experience: ? Industry experience ? General business experience ? Marketing skills |
| Sears Home Appliance Showrooms | |
Financing Options |
|
| Franchise Fees | |
| ColorTyme | No |
| Sears Home Appliance Showrooms | No |
| Start-up Costs | |
| ColorTyme | |
| Sears Home Appliance Showrooms | |
| Equipment | |
| ColorTyme} | |
| Sears Home Appliance Showrooms | |
| Inventory | |
| ColorTyme | |
| Sears Home Appliance Showrooms | |
| Receivables | |
| ColorTyme | |
| Sears Home Appliance Showrooms | |
| Payroll | |
| ColorTyme | |
| Sears Home Appliance Showrooms | |
Training & Support |
|
| Training | |
| ColorTyme | 4 Weeks |
| Sears Home Appliance Showrooms | |
| 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 |
| Sears Home Appliance Showrooms | |
| Marketing | |
| ColorTyme | *National Advertising *Regional Advertising *Local Advertising *Marketing Materials *Additional Services: customized ads *Other Marketing Support |
| Sears Home Appliance Showrooms | |
| 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 |
| Sears Home Appliance Showrooms | |
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 |
| Sears Home Appliance Showrooms | |
| Canada Expansion | |
| ColorTyme | |
| Sears Home Appliance Showrooms | |
| International Expansion | |
| ColorTyme | |
| Sears Home Appliance Showrooms | |