- Franchise 500 Rank
-
N/R Not ranked last year
- Initial investment
-
$321K - $684K
- Units as of 2019
-
36 7% over 3 years
Company Overview
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 (18 years) |
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# 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
|
$25,000 |
---|---|
Initial Investment
|
$321,208 - $684,250 |
Net Worth Requirement
|
$500,000 |
Cash Requirement
|
$200,000 |
Veteran Incentives
|
$5,000 off franchise fee |
Royalty Fee
|
4% |
Ad Royalty Fee
|
$250/mo. |
Term of Agreement
|
10 years |
Is franchise term renewable? | Yes |
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 |
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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?
|
No |
Can this franchise be run part time?
|
No |
Are exclusive territories available?
|
Yes |
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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