Colortyme
Colortyme
5700 Tennyson Pkwy., # 180
Plano, TX 75024-3583
800#: (800) 411-8963
Tel: (972) 403-4900
Fax: (972) 403-4923
E-Mail: [email protected]
Web Site: www.colortyme.com
Contact: Mr. Pat Sumner, Dir. Franchise Development
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
Established: 1979
First Franchise: 1981
Franchise Units: 312
Company-Owned Units: 2,600
Total Units: 2,912
Distribution:
U.S. -- 2912;
Canada -- 0;
International -- 0
-North America -- Operations in 41 States
-States/Provinces with Greatest Density: 57 in TX, 18 in KS, 1 in IN
Projected New Units Over Next 12 months: 30
Franchisee Qualifications: 4, 4, 4, 3, 3, 4
(Click here for an explanation)
Registered in Following Registration States: CA,FL,HI,IL,IN,MD,MI,NY,ND,OR,RI,SD,VA,WA,WI,DC (Click here for an explanation)
Average Number of Employees: 6 FT (FT = Full Time, PT = Part Time)
Space Needs: 3,500 SF; FS, SF, SC, RM
(Click here for abbreviations)
Encourage Conversion: Yes
Financial Requirements
Cash Investment: $120-160K
Total Investment: $293-517K
Average Total Investment: $400.0K
Minimum Net Worth: $300K
Fees:
-Franchise: $25K
-Average Franchise Fee: $25.0K
-Royalty: 4%
-Average Royalty: 4.0%
-Advertising: $250/Mo.
Provide Earning Claim Statement: Yes
Terms of Contract
Term of Contract (Years): 5-10/5-10
Passive Ownership: Allowed
Area Development Agreements: Yes/5
Sub-Franchising Contracts: No
Expand In Territory: Yes
Franchisor Support and Training Provided
Site Selection Assistance: Yes
Lease Negotiation Assistance: Yes
Financial Assistance: Yes(I)
Cooperative Advertising: Yes
International Franchise Association:
Canadian Franchise Association:
Franchisee Association / Member: Yes/No
Size Of Corporate Staff: 21
On-Going Support: B,C,D,E,F,G,H (Click here for an explanation)
Training: 4 Weeks Varied Training.
Franchisor's Specific Expansion Plans
U.S.: All United States
Canada: No
Overseas: No
Note: NR = No Response by Franchisor.
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