ColorTyme
Retailer specializing in appliance, furniture and home electronics rental and sales
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).
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, customers are strongly recommended to visit the
official ColorTyme website.
Start-up Costs & Franchises Fees
How much does it cost to open a ColorTyme Franchises?
Total Investment: $151,000-$264,000
Initial Franchise Fee: $25,000
Royalty Fee: 5%
Advertising Fee: $250/ mo
Term of Agreement: 5-10 years
How to contact ColorTyme
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ColorTyme
5501 Headquarters Dr.
Plano,
TX
75024
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Phone: 972-403-4905
Toll Free: (800)411-8963
Fax: (972)403-4923
Website: Visit Website
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ColorTyme News
Colortyme Uses Webinar To Communicate With Its Franchise Owners
On Monday, Nov. 2, ColorTyme will host a Webinar for its franchisees – a first-time event for the rent-to-own company. During the secure online presentation, ColorTyme CEO Bob Bloom will offer franchise owners a detailed presentation that will include industry trends and current initiatives.
... more
Gainesville Colortyme Takes Donations For Victim Of Tragic Accident
The community of Gainesville was devastated recently after a horrifying motorcycle accident left Ron Hertell – passionate family man and community member – incapacitated and seriously injured. Hertell's injuries are so significant that doctor's predict that he will require a year of rehabil... more
Colortyme University Celebrates Graduates Of First Multi-unit Management Course
ColorTyme, Inc. and its ColorTyme University program celebrated with the first 10 graduates of its all-new multi-unit management training course, held Sept. 21-23.
"As more and more ColorTyme franchisees become multi-unit owners, this multi-unit management course is crucial for our system,... more
Pasco, Wash., Welcomes Colortyme Back To The Neighborhood
Today, Pasco residents welcomed ColorTyme back to the community. After weeks of preparation, Franchise Owner Mark Childers and his Vice President of Operations, Albert Vasquez, worked together to open a new store at the address of 2403 West Court St. The long-anticipated location (a former auto pa... more
Colortyme Franchisee Elected To The Apro Board Of Directors
ColorTyme is proud to announce that Shawn DiLeo, a multi-unit franchise owner from Kentucky, won a spot on the Association of Progressive Rental Organizations (APRO) board of directors.
The election was held Monday, Aug. 31, during the general session of APRO's 2009 Convention and Buying Sho... more
View all ColorTyme Press Releases
Franchise History
When did the first ColorTyme open? 1979
When did ColorTyme start Franchising? 1981
| 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 |
Expansion Plans
United States: Nationwide
International:
Financing Options
| Franchise Fee |
No |
Yes |
| Startup Costs |
No |
Yes |
| Equipment |
No |
Yes |
| Inventory |
No |
Yes |
| Accounts Receivable |
No |
No |
| Payroll |
No |
No |
Third Party Financing Source(s): Wells Fargo Foothill, Texas Capital, and SBA
Training & Support
Training
4 Weeks
Support
Central Purchasing: Included in Fees
Field Operation Evaluation: Included in Fees
Field Training: Included in Fees
Initial Store Opening: Included in Fees
Inventory Control: Included in Fees
Franchisee Newsletter: Included in Fees
Regional or National Meetings: Included in Fees Marketing
*National Advertising
*Regional Advertising
*Local Advertising
*Marketing Materials
*Additional Services: customized ads
*Other Marketing Support
Business Operations
60% 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
Qualifications & Business Experience
Business Experience:
Industry experience General business experience Marketing skills
1 Other Franchises in this Family
Related Franchise Categories
Listing Tags
colortyme, color tyme, colortime, rent to own, rent furniture, bedroom furniture, living room furniture, big screen tv rentals, washing machine rental, rent appliances, electronics, computers, sony, dell, ge, hp, whirlpool, maytag, amana, ashley, zenith, toshiba, lg, mitsubishi, hitachi, phillips, magnavox, buy on time, pay as you go
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for ColorTyme and should not be construed as such. TheFranchiseMall.com makes every effort to
maintain accurate franchise data but does not guarantee nor assume liability for
incorrect data. We recommend that anyone seriously interested in
pursuing a ColorTyme franchise opportunity, review that franchise's Uniform
Franchise Offering Circular (UFOC) with an attorney and accountant.
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COMPANY INFORMATION
ColorTyme
5501 Headquarters Dr.
Plano,
TX
75024
Phone: 972-403-4905
Toll Free: (800)411-8963
Fax: (972)403-4923
Website: Visit Website
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