ColorTyme
No longer franchising

ColorTyme

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Promoted Opportunities

Initial Investment

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

Change in Units

Company Profile

Founded

1979

Franchising Since

1982 (35 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

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

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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

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