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RimTyme

2014 Franchise 500
#362
At a Glance

Products & Services: Rent-to-own custom wheels and tires

Number of Locations: 27

Total Investment: $321.3K - $684.4K

Founded: 2005

Began Franchising: 2007

About RimTyme

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.

Franchise Units

Year U.S. Canadian International Company Owned
2014 27 0 0 0
2013 25 0 0 0
2012 24 0 0 0
2011 20 0 0 1
2010 14 0 0 9
Where Seeking Franchisees: Franchisor is seeking new franchise units throughout the U.S.
Direct Capital

Startup Costs, Ongoing Fees and Financing

Total Investment: $321,288 - $684,410
Franchise Fee: $25,000
Ongoing Royalty Fee: 4%
Term of Franchise Agreement: Term of agreement not renewable
Veteran Incentives: $5,000 off franchise fee
Financial Requirements
Net Worth: $500,000
Liquid Cash Available: $200,000
Direct Capital
Financing Type In-House Third Party
Franchise Fee
Startup Costs
Equipment
Inventory
Accounts Receivable
Payroll

Franchise Ranking History

Franchise 500®: #362 (2014), #316 (2013), #315 (2012), #391 (2011),
Top New: #17 (2012), #32 (2011),

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