ColorTyme
No longer franchising

ColorTyme

Not Ranked

Initial Investment

LOW: $449,825
HIGH: $698,250

Change in Units

Fund Your Franchise with Guidant

Guidant Financal Learn how to invest your IRA or 401k into a franchise. ($50k min)

Promoted Opportunities

Company Profile

Founded

1979

Franchising Since

1982 (34 Years)

Corporate Address

5000 Legacy Dr., #210 Plano, TX 75024

CEO

Cathy Skula

Parent Company

Colortyme, Inc.

Ticker Symbol

About ColorTyme

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.

Financials

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

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

Franchise 500® Rank History

Highest Rank: 164

Lowest Rank: 353

* Not all years were ranked

Units (Locations)

Where Seeking Franchisees:
Franchisor is seeking new franchise units throughout the U.S.

Operations & Franchisor Support

Training Onsite: 2-4 weeks

Training at headquarters: 2 weeks

Ongoing Support
Purchasing Co-ops
Newsletter
Meetings
Grand Opening
Internet
Field Operations

Marketing Support
Co-op Advertising
Ad Slicks

Absentee Ownership Allowed

Number of employees required to run: 5

Related Franchises

Related Articles

Why More Baby Boomers Are Looking to Franchise

Why More Baby Boomers Are Looking to Franchise

Twenty-two percent of boomers have less than $100,000 of retirement savings.
David Nilssen
Why This Auto Repair Franchise Expanded to Nigeria

Why This Auto Repair Franchise Expanded to Nigeria

An automotive repair franchise takes the leap.
Tracy Stapp Herold
Travel Agencies Are Seeing a Boom -- and This Franchise Knows Why

Travel Agencies Are Seeing a Boom -- and This Franchise Knows Why

Learn how Rob Steinfeld and Dean Hanson set up a franchise and joined the unexpected travel boom.
5 Things to Consider Before You Open More Locations

5 Things to Consider Before You Open More Locations

Once your first business succeeds, it's easy to get complacent. Ask yourself what you should do next.
Kyle Zagrodzky

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

Reprints & Licensing
Update Your Listing
Submit New Listing

Regions/States List

More Franchise Rankings

Top Low-Cost Franchises

87 franchises for under $50,000

Top Homebased/Mobile Franchises

These 100 businesses can be managed from home

Fastest-Growing Franchises

These companies have shown rapid unit expansion over the last two years

Top New Franchises

The top 75 companies that began franchising in the last five years

Top Global Franchises

200 North American franchisors seeking international franchisees

For reprints and licensing questions, click here.

Previous Years Rankings

2016 2015 2014 2013 2012