ColorTyme Franchise

Retailer specializing in appliance, furniture and home electronics rental and sales

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ColorTyme is America??s first franchisor of independently owned and operated rent-to-own stores.The nation's oldest rental-purchase franchise company, specializing in electronics, furniture, appliances and computers.ColorTyme franchised stores provide the best selection of name brand home furnishings, appliances, computers and electronics to buy, rent or lease to own. Products are typically delivered and set-up with no hassles and no down payment. Customers are able to lease living room furniture, bedroom furniture, big screen televisions and more! Name recognition, a national product service system, and 100% inventory financing are all reasons to join the ColorTyme family. Compelling unit economics combined with a well established, respected and trusted Franchisor provides an unparalleled opportunity.ColorTyme is an independent, wholly owned subsidiary of the largest rent-to-own company in the world, Rent-A-Center (NASDAQ: RCII).

ABC INC

ABC-CO - NASDAQ

$129.55 USD
+0.25 (+0.20%)
$129.55
$129.55


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Please Note: The operators of ColorTyme, may not have verified the accuracy of the Franchise information contained within this website. For accurate up-to-date information, investors are strongly recommended to visit the official ColorTyme website.

How much does it cost to open a ColorTyme Franchise ?

The investment required to open a ColorTyme Franchise is between $229,575 - $357,500 . There is an initial franchise fee of $25,000 which grants you the license to run a business under the ColorTyme name.

Individual Franchise Costs

  • Initial Investment:
    $229,575 -
  • Initial Franchise Fee:
    $25,000
  • Royalty Fee:
    4%
  • Advertising Fee:
    $250/ mo
  • Term of Agreement:
    5-10 years

Expense In-House Third Party
Franchise Fee No Yes
Startup Costs Yes Yes
Equipment Yes Yes
Inventory Yes Yes
Accounts Receivable Yes Yes
Payroll Yes Yes

Third Party Financing Source(s):
CitiBank

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

ColorTyme Growth History

When did the first ColorTyme open? 1979
When did ColorTyme start Franchising ? 1982

Year U.S.A. Canada International Corporate
2013 227 0 0 0
2012 223 0 0 0
2011 216 0 0 0
2010 209 0 0 0
2009 210 0 0 0
2008 212 0 0 0
2003 310 0 0 0
2002 314 0 0 0
2001 334 0 0 0
2000 345 0 0 0
1999 327 0 0 0

? 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

? Business Experience: ? Industry experience ? General business experience ? Marketing skills

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



How much does a ColorTyme Franchise owner make?

How much money you could make as a ColorTyme Franchise owner depends on a wide variety of factors. As a business owner, your primary goals are to strive for high sales while keeping your oper_ating costs as low as possible while still maintaining quality products and service. The monthly oper_ating costs that you will incur as a ColorTyme Franchise owner may include royalty fees, rent or mortgage, staffing, products, supplies, utilities, administrative costs and other things. Although your monthly oper_ating costs may vary from month to month, your start up costs are typically fixed and they will cover the majority of your initial oper_ating equipment, signage, and renovations.

Initial Investment
$25,000 - $357,500
Initial Franchise Fee
$25,000
Royalty Fee
4%
Advertising Fee
$250/ mo
Term of Agreement
5-10 years
Latest News
Rto Veteran Cashes In Management Career For Colortyme Franchise
Roanoke Rapids, North Carolina
2006-05-22
Louisiana Rto Entrepreneur Rebuilds After Katrina; Colortyme Veteran Uses Financing, Support To Restore Local Franchise
Gretna
2006-04-03 View All

Sister Companies

ColorTyme Franchise Opportunity viewed times by investors.
 

Legal Disclaimer: This information is not a franchise offering for ColorTyme and should not be construed as such. The Franchise Mall makes every effort to maintain accurate franchise data but does not guarantee nor assume liability for incorrect data. We recomend that anyone seriously interested in pursuing an ColorTyme franchise opportunity, review that franchise's Franchise Disclosure Document (FDD) with an attorney and accountant.