百大连锁店 Rank no.164 – 新移民致富之路

百大连锁店 Rank no.164 – 新移民致富之路


Top 250 Franchise by Entrepreneur – Rank no.164 – ColorTyme – US

Colortyme

Products & Services: Rent-to-own electronics/furniture/appliances

Number of Locations: 198

Total Investment: $449.82K – 698.25K

Founded: 1979

Began Franchising: 1982

About ColorTyme

In the late 1970s, electronics manufacturer Curtis Mathis Co. established ColorTyme as a distributor for its line of televisions. Willie Talley purchased the company in 1981 and began franchising the concept the following year. ColorTyme stores offer a complete line of home electronics, appliances and furnishings. All products are sold “rent-to-own," with customers making weekly or monthly payments on their purchase.ColorTyme is owned by Rent-A-Center Inc.

Franchise Units

Year U.S. Canadian International Company Owned
2013 198 0 0 0
2012 195 0 0 0
2011 191 0 0 0
2010 190 0 0 0
2009 203 0 0 0
Where Seeking Franchisees: Franchisor is seeking new franchise units throughout the U.S.

Startup Costs, Ongoing Fees and Financing

Total Investment: $449,825 – $698,250
Franchise Fee: $25,000
Ongoing Royalty Fee: 4%
Term of Franchise Agreement: 5-10 years, renewable
Financial Requirements

Net Worth: $350,000
Liquid Cash Available: $100,000 – $150,000

Operations

85% 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).

How This Franchise Supports Franchisees

Training: Available at headquarters: 2 weeks. At franchisee’s location: 2-4 weeks.
Ongoing Support: Newsletter, Meetings, Grand opening, Internet, Field operations/evaluations, Purchasing cooperatives
Marketing Support: Co-op advertising, Ad slicks,
Other marketing support: Direct mail, local radio and TV commercials, POS

Franchise Ranking History

Franchise 500®: #164 (2013), #337 (2012), #353 (2011), #323 (2010), #298 (2009),

ColorTyme is an American rent-to-own business, currently a wholly owned subsidiary of Rent-A-Center.

ColorTyme offers you an affordable way to purchase brand name products like TVs, appliances, home electronics, computers and more with no credit checks at all.
Why ColorTyme ?

Operated by Your Friends and Neighbors

At ColorTyme, you’ll experience a sense of community and hometown values that you won’t find at other retail or rent to own outlets. Every single one of our locations is franchised, which means that each store is independently owned or operated by people in your community. And that’s why you’ll never be treated as just another customer but as a friend and neighbor when you shop at ColorTyme, whether you need rent to own home appliances, furniture, or any of our other products.

Getting Started

Just enter your ZIP code in the field above and click “GO" to find the ColorTyme location that’s closest to you. Feel free to give us a call or visit us in person to find out about how our rent to own programs can help turn your house into a home.

Brand New Brand Name Merchandise

ColorTyme offers quality new name-brand products you know and trust.  Don’t see what you are looking for, ask a friendly associate about special orders.

No Risk or Credit Needed

No credit? No problem. You’re pre-approved. All you need is a place to live, a job and few references to qualify for a payment plan.

We offer no-money-down rent to own plans that put the power to buy in your hands. We have plans that fit every budget and give you the freedom to decide how soon you own your merchandise. This is a completely straightforward, no risk option that lets you furnish your home without worry about falling deeper into debt to do it.

Peace of Mind

Check your worries at the door. At ColorTyme, our rent to own transactions have the kind of flexibility you probably wouldn’t dream of getting anywhere else.  For some, it’s also a chance to “try it before you buy it".

Strapped for cash and just can’t make payments right now? No problem. With our “no hassle" return policy, you can bring back the merchandise at absolutely any time and stop making payments with NO penalties (and, of course, no impact on your credit).  Even better, you can also come back any time and pick up where you left off with payments on the same or a similar product, so you never have to feel like you’re back to square one again.

Full Service and Loaners for Damaged Merchandise

At ColorTyme we sell and rent quality goods, but that’s no guarantee that sometime down the line you might need a little repair work. You can rest easy in knowing that if your merchandise breaks or stops working, we’ll pick it up, fix it and delivery it back to you at no additional cost.  And the best part?   We’ll even give you a loaner until the repairs are done

Delivery and Setup Is Included at No Extra Cost

Most stores would charge you an arm and a leg for delivery and set up. At ColorTyme we have our professionals install, demonstrate, and deliver everything at no additional cost.  Can you get it today?  In most cases, YES! And remember, delivery is included with any rental.

ColorTyme, Inc. is the franchisor of individually owned and operated ColorTyme stores throughout the United States.

Please direct all questions, comments and media inquiries concerning the store in your area to the owner. To find the owner of your local store, you must first enter your local zipcode on this website to be taken to your local ColorTyme store page. Click again on “Contact Us" at the bottom of the store page to obtain the contact information for the owner.

Vendors can send information to the corporate office at:
ColorTyme, Inc.

5000 Legacy Dr. #210

Plano, TX 75024

© 2010 ColorTyme, Inc.