ColorTyme

  • ColorTyme, Inc.
5000 Legacy Dr., #210
Plano, TX 75024
  • (800) 411-8963 / (972) 403-4905
  • (972) 403-4923 (Fax)

The nation's oldest rental-purchase franchise company, specializing in electronics, furniture, appliances, and computers.

Franchisor Background

Year Established: 1979

Franchising Since: 1982

Operating Units

Franchised Units 196 100.0%
Company-Owned Units 0 0.0%
Total Operating Units 196 100%

Geographic Distribution

USA 196 100.0% In 34 States
Canada 0 0.0% In 0 Provinces
International 0 0.0% In 0 Foreign Countries
Total 196 100%

Multi-Unit Operators

Multi-Unit Operators N/A
Franchises Owned by Multi-Unit Operators N/A

North American Unit Density

Density Units
Texas 34
Florida 19
Virginia 12

Registered in the following Registration States

California, Florida, Hawaii, Illinois, Indiana, Maryland, Michigan, New York, North Dakota, Oregon, Rhode Island, South Dakota, Virginia, Washington, Wisconsin, District of Columbia

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Support and Training

General Information

IFA Member Yes
CFA Member No
Franchisee Association? Yes, is a member
Size of Corporate Staff 22
Site Selection
Assistance
Yes
Lease Negotiation Assistance Yes
Financial Assistance Yes, Direct

Marketing Support

Co-Op Advertising No
National Advertising Yes
Regional Advertising Yes
Local Advertising Yes
Marketing Materials Ad Slicks, Brochures, Catalogs, Coupons/Rebates, Direct Mailers, Emails, Promotional Items, Radio Ads, Site Signs, Television Ads
Other Marketing Support Customized Ads

Ongoing Support

Central Data Processing N/A
Central Purchasing Included
Field Operation Evaluation Included
Field Training Included
Initial Store Opening Included
Inventory Control Included
Franchisee Newsletter Included
Regional or National Meetings Included
800 Telephone Hotline N/A

Training

Varied Training 2 Weeks
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Financial Requirements

Investment

Minimum Net Worth $350K
Cash Investment $100-150K
Total Investment $449-699K
Average Total Investment $574K

Fees

Initial Franchise Fee $25K
Average Franchise Fee $25K
On-Going Royalty 4%
Average Royalty 4%
Advertising Fee $250/Mo.

Site Information and Requirements

Average Number of Full-Time Employees 6
Average Number of Part-Time Employees 0
Space Needs (in square feet) 4,500
Preferred Site Types Free Standing Building, Storefront, Strip Center, Regional Mall
Encourages Conversions Yes
Item 19 (Earnings Claim) Provided? Yes
Listed in the SBA Registry? No
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Franchisee Qualifications

Financial Net Worth 4
General Business Experience 4
Specific Industry Experience 4
Formal Education 3
Psychological Profile 3
Personal Interviews 4
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Terms of Contract

Term of Initial Contract 5-10
Term of Renewal Period 5-10
Passive Ownership? Not Allowed
Area Development
Agreements?
Yes, for 1 year
Sub-Franchisor
Contracts?
No
Franchisees Allowed to Expand Within Territory? Yes
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Expansion Plans

Projected New Units Over Next 12 Months 30
USA Yes, All United States
Canada No
Overseas No
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Request Information for ColorTyme

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