ColorTyme
Rent-to-own electronics/furniture/appliances

ColorTyme No Longer Franchising
Rent-to-own electronics/furniture/appliances

About
Founded

1979

Franchising Since

1982 (38 Years)

Corporate Address

5000 Legacy Dr., #210
Plano, TX 75024

Leadership

Cathy Skula, CEO

Parent Company

Colortyme, Inc.

Ticker Symbol

RCII

Financial Requirements
Initial Investment

$449,825 - $698,250

Net-worth Requirement

$350,000

Liquid Cash Requirement

$100,000 - $150,000

Ongoing Fees
Initial Franchise Fee

$25,000 - $25,000

Ongoing Royalty Fee

4%

Ad Royalty Fee

$250/mo.

Financing Options

ColorTyme offers in-house financing to cover the following: startup costs, equipment, inventory, accounts receivable, payroll

Veteran Incentives

$5,000 off franchise fee

Support Options
Ongoing Support

Purchasing Co-ops

Newsletter

Meetings/Conventions

Grand Opening

Online Support

Field Operations

Marketing Support

Co-op Advertising

Ad Templates

On-The-Job Training:

2-4 weeks

Classroom Training:

2 weeks

Absentee Ownership Allowed
Number of Employees Required to Run:

5

Bio
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.

Cost
Initial Investment: Low - $449,825 High - $698,250
Units

Units (Locations)

Where Seeking Franchisees:

Franchisor is seeking new franchise units throughout the U.S.

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Disclaimer

The Franchise 500 is not intended to endorse, advertise, or recommend any particular franchise. It is solely a research tool you can use to compare franchise operations. Entrepreneur stresses that you should always conduct your own independent investigation before investing money in a franchise.
Updated: August 25th, 2014