ColorTyme
Rent-to-own electronics/furniture/appliances

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

About
Founded

1979

Franchising Since

1982 (37 Years)

Corporate Address

5000 Legacy Dr., #210
Plano, TX 75024

CEO

Cathy Skula

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.
Franchise Financing
Using 401(K)/IRA Funds
  • Tax Penalty-Free
  • Debt Free
  • Expert Guidance
Learn More

Franchise Articles

How This Military Spouse and Former Teacher Became a Successful Travel Agency Franchisee

An inside look at one person's journey following her passion and becoming a business owner.

Why Franchisees Should Stay Away From Brands With Stubborn Policies

Nijhawan Group has been a leading retail player with tie-ups with brands like Adidas, Benetton, Nautica and Levi's. The company consolidated its retail business to make the business sustainable.

How Lenskart is Tapping Tier 2 & 3 Markets

Eyewear retailer Lenskart has devised low-cost franchise model to tap the upcountry markets as it targets 50 per cent of its new stores beyond tier 1 cities.

How to Connect With Your Community to Grow Your Business

Tips and simple steps to help you start strong and keep growing.

It's Double-Digit Good!

Samir Menon, MD, KFC India, opens about the brand's consistent growth in the country and how the company creates high excitement among its massive fan followers.

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