RimTyme Custom Wheels and Tires

Rent-to-own custom wheels and tires
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Franchise 500 2023
Franchise 500 Rank
N/R Not ranked last year
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Initial investment
$321K - $684K
Units as of 2019
36 Decrease 7% over 3 years

Company Overview

Founded in 2005, RimTyme is an offshoot of ColorTyme, another rent-to-own franchise, which is a subsidiary of Rent-A-Center. RimTyme stores sell and install custom rims and tires, with payment options including a credit card, cash, lease ownership plan or 90 or 120-day cash payment.

About RimTyme Custom Wheels and Tires

Industry Automotive
Related Categories Wheels & Tires, Miscellaneous Automotive Products & Services
Founded 2005
Parent Company Rent-A-Center Franchising Int'l. Inc.
Leadership Cathy Skula, CEO
Corporate Address 5501 Headquarters Dr.
Plano, TX 75024
Social Facebook, Twitter

Business Overview

Franchising Since 2007 (17 years)
# of employees at HQ 510
# of Units 36 (as of 2019)

Information for Franchisees

Here's what you need to know if you're interested in opening a RimTyme Custom Wheels and Tires franchise.

Financial Requirements & Ongoing Fees

Here's what you can expect to spend to start the business and what ongoing fees the franchisor charges throughout the life of the business.

Initial Franchise Fee Information Circle
$25,000
Initial Investment Information Circle
$321,208 - $684,250
Net Worth Requirement Information Circle
$500,000
Cash Requirement Information Circle
$200,000
Veteran Incentives Information Circle
$5,000 off franchise fee
Royalty Fee Information Circle
4%
Ad Royalty Fee Information Circle
$250/mo.
Term of Agreement Information Circle
10 years
Is franchise term renewable? Yes
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Financing Options

Some franchisors offer in-house financing, while others have relationships with third-party financing sources to which they refer qualified franchisees.

Third Party Financing RimTyme Custom Wheels and Tires has relationships with third-party sources which offer financing to cover the following: startup costs, equipment, inventory

Training & Support Offered

Franchisors offer initial training programs and a variety of ongoing support options to help franchisees run their businesses.

On-The-Job Training 15 hours
Classroom Training 36 hours
Ongoing Support
Purchasing Co-ops
Newsletter
Meetings & Conventions
Toll-Free Line
Grand Opening
Online Support
Security & Safety Procedures
Lease Negotiation
Field Operations
Site Selection
Marketing Support
Ad Templates
Social Media
SEO
Website Development
Email Marketing

Operations

Additional details about running this franchise.

Is absentee ownership allowed? No
Can this franchise be run from home/mobile unit? Information Circle
No
Can this franchise be run part time? Information Circle
No
Are exclusive territories available? Information Circle
Yes
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Franchise 500 Ranking History

Compare where RimTyme Custom Wheels and Tires landed on this year's Franchise 500 Ranking versus previous years.

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The information on this page is not intended as an endorsement or recommendation of any particular franchise or business opportunity by Entrepreneur Media. Our listings and rankings are solely research tools you can use to compare opportunities. Entrepreneur stresses that you should always conduct your own independent investigation before investing in a franchise or business opportunity. That should include reviewing the company's legal documents, consulting with an attorney and an accountant, and talking to former and current franchisees/licensees/dealers.
Updated: December 12th, 2022