Top 250 Franchise by Entrepreneur – Rank no.164 – ColorTyme – US
Products & Services: Rent-to-own electronics/furniture/appliances
Number of Locations: 198
Total Investment: $449.82K – 698.25K
Began Franchising: 1982
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.
Startup Costs, Ongoing Fees and Financing
Franchise Fee: $25,000
Ongoing Royalty Fee: 4%
Term of Franchise Agreement: 5-10 years, renewable
Net Worth: $350,000
Liquid Cash Available: $100,000 – $150,000
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
Franchise Ranking History
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.
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:
5000 Legacy Dr. #210
Plano, TX 75024
© 2010 ColorTyme, Inc.