Start-Up Costs and Fees |
||
| ColorTyme | Sofa Solutions | |
| Investment | 229575 - 357500 | 125000 - 150000 |
| Franchise Fee | 0 | 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 | Sofa Solutions | |
| Experience | ? Business Experience: ? Industry experience ? General business experience ? Marketing skills | |
Financing Options |
||
| ColorTyme | Sofa Solutions | |
| Franchise Fees | No | |
| Start-up Costs | Yes | |
| Equipment | Yes | |
| Inventory | Yes | |
| Receivables | Yes | |
| Payroll | Yes | |
Training & Support |
||
| ColorTyme | Sofa Solutions | |
| 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 | Sofa Solutions | |
| 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 | |
| Sofa Solutions | |
| Franchise Fee | |
| ColorTyme | |
| Sofa Solutions | |
| Royalty Fee | |
| ColorTyme | 4% |
| Sofa Solutions | |
| Advertising Fee | |
| ColorTyme | $250/ mo |
| Sofa Solutions | |
| Year Founded | |
| ColorTyme | 1979 |
| Sofa Solutions | 0 |
| Year Franchised | |
| ColorTyme | 1982 |
| Sofa Solutions | 0 |
| Term Of Agreement | |
| ColorTyme | 5-10 years |
| Sofa Solutions | |
| Renewal Fee | |
| ColorTyme | |
| Sofa Solutions | |
Business Experience Requirements |
|
| Experience | |
| ColorTyme | ? Business Experience: ? Industry experience ? General business experience ? Marketing skills |
| Sofa Solutions | |
Financing Options |
|
| Franchise Fees | |
| ColorTyme | No |
| Sofa Solutions | No |
| Start-up Costs | |
| ColorTyme | |
| Sofa Solutions | |
| Equipment | |
| ColorTyme} | |
| Sofa Solutions | |
| Inventory | |
| ColorTyme | |
| Sofa Solutions | |
| Receivables | |
| ColorTyme | |
| Sofa Solutions | |
| Payroll | |
| ColorTyme | |
| Sofa Solutions | |
Training & Support |
|
| Training | |
| ColorTyme | 4 Weeks |
| Sofa Solutions | |
| 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 |
| Sofa Solutions | |
| Marketing | |
| ColorTyme | *National Advertising *Regional Advertising *Local Advertising *Marketing Materials *Additional Services: customized ads *Other Marketing Support |
| Sofa Solutions | |
| 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 |
| Sofa Solutions | |
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 |
| Sofa Solutions | |
| Canada Expansion | |
| ColorTyme | |
| Sofa Solutions | |
| International Expansion | |
| ColorTyme | |
| Sofa Solutions | |