Not Ranked

Initial Investment

LOW: $321,288
HIGH: $684,410

Change in Units

+22.9% +8 UNITS (1 Year)
+28.6% +10 UNITS (3 Years)

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Promoted Opportunities

Company Profile

Founded

2005

Franchising Since

2007 (9 Years)

Corporate Address

5501 Headquarters Dr. Plano, TX 75024

CEO

Cathy Skula

Parent Company

Rent-A-Center Franchising Int'l. Inc.

Ticker Symbol

About RimTyme

Founded in 2005, RimTyme is an offshoot of ColorTyme, another rent-to-own franchise, which is a subsidiary of Rent-A-Center. RimTyme stores sell and install custom rims and tires, with payment options including a credit card, cash, lease ownership plan or 90 or 120-day cash payment.

Financials

Financial Requirements

Initial Investment

$321,288 - $684,410

Net-worth Requirement

$500,000

Liquid Cash Requirement

$200,000

Ongoing Fees

Initial Franchise Fee

$25,000

Ongoing Royalty Fee

4%

Ad Royalty Fee

$250/mo.

Financing Options

RimTyme has relationships with third-party sources which offer financing to cover the following: 
startup costs, equipment, inventory

Veteran Incentives


$5,000 off franchise fee

Franchise 500® Rank History

Highest Rank: 315

Lowest Rank: 424

  • 2009 - 424
* 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: 10 days

Training at headquarters: 4.5 days

Ongoing Support
Meetings
Toll-Free Line
Grand Opening
Internet
Field Operations

Marketing Support
Ad Slicks
National Media

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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 5th, 2016

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