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Home >> Retail Stores >> Audio and Electronic Stores
| ColorTyme 5700 Tennyson Pkwy., # 180 Plano, TX 75024-3583 |
Submit an online form to receive information from ColorTyme.
|
Business Description
The nation's largest rental-purchase franchise company, specializing in electronics, furniture, appliances and computers. We help our customers find what's right for them and give our franchisees the support needed to be successful, at the best profit margins in the industry.
Franchisor Background
Year Established: 1979
Franchising Since: 1981
North America:
States/Provinces with the largest number of operating units:
Registered in 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
Financial Requirements
Average Number of Employees: 6 Full-time, 0 Part-time
Space Needs (in square footage): 3,500
Preferred Sites: Free-standing Building, Storefront, Strip Center, Regional Mall
Other Sites:
Encourage Conversions? Yes
Earnings Claims Provided?: Yes
The nation's largest rental-purchase franchise company, specializing in electronics, furniture, appliances and computers. We help our customers find what's right for them and give our franchisees the support needed to be successful, at the best profit margins in the industry.
Franchisor Background
Year Established: 1979
Franchising Since: 1981
| Operating Units: | |||||||||||||||||||||||||||||||
Franchised Units: | 312 | 10.7% | | ||||||||||||||||||||||||||||
| Company-Owned Units: | 2,600 | 89.3% | |||||||||||||||||||||||||||||
Total Operating Units: | 2,912 | 100.0% | |||||||||||||||||||||||||||||
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States/Provinces with the largest number of operating units:
| Density | Units |
| 1. Indiana | 1 |
| 2. Kansas | 18 |
| 3. Texas | 57 |
Registered in 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
Financial Requirements
| Investment: | |
| Minimum Net Worth: | $300K |
| Cash Investment: | $120-160K |
| Total Investment: | $293-517K |
| Average Total Investment: | $400K |
| Fees: | |
| Initial Franchise Fee: | $25K |
| Average Franchise Fee: | $25K |
| On-Going Royalty: | 4% |
| Average Royalty: | 4% |
| Advertising Fee: | $250/Mo. |
Space Needs (in square footage): 3,500
Preferred Sites: Free-standing Building, Storefront, Strip Center, Regional Mall
Other Sites:
Encourage Conversions? Yes
Earnings Claims Provided?: Yes
| Franchisee Qualifications | |||||||||
Ranked from 1 (unimportant) to 5 (important): | |||||||||
| Financial Net Worth: | 4 | ||||||||
| General Business Experience: | 4 | ||||||||
| Specific Industry Experience: | 4 | ||||||||
| Formal Education: | 3 | ||||||||
| Psychological Profile: | 3 | ||||||||
| Personal Interview(s): | 4 | ||||||||
| Terms of Contract | |||||||||
| Term of Initial Contract: | 5-10 Year(s) | ||||||||
| Term of Renewal Period: | 5-10 Year(s) | ||||||||
| Passive Ownership: | Allowed | ||||||||
| Area Development Agreements? | Yes, for 1 Year(s) | ||||||||
| Sub-Franchising Contracts? | No | ||||||||
| Franchisees Allowed to Expand Within Territory? | Yes | ||||||||
| Support and Training | |||||||||
| International Franchise Association: | Yes | ||||||||
| Canadian Franchise Association: | No | ||||||||
| Franchisee Association/Member: | Yes, Member | ||||||||
| Size of Corporate Staff: | 21 | ||||||||
| Site Selection Assistance? | Yes | ||||||||
| Lease Negotiation Assistance? | Yes | ||||||||
| Financial Assistance? | Yes, Direct | ||||||||
| Marketing Support: | |||||||||
| Co-Op Advertising: | No | ||||||||
| National Advertising: | No | ||||||||
| Regional Advertising: | No | ||||||||
| Local Advertising: | No | ||||||||
| Marketing Materials: | None Specified | ||||||||
| Additional Services: | None Specified | ||||||||
| Other Marketing Support: | None Specified | ||||||||
| On-Going Support: | |||||||||
| Central Data Processing: | Not Applicable | ||||||||
| 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 | ||||||||
| 800 Telephone Hotline: | Not Applicable | ||||||||
| Training: | |||||||||
| 1. Varied Training | 4 Weeks | ||||||||
| Expansion Plans | |||||||||
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Submit an online form to receive information from ColorTyme.
|
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