RimTyme Custom Wheels and Tires

RimTyme Custom Wheels and Tires

Rent-to-own custom wheels and tires
Find out what franchise is right for you
Units as of 2019
36 (3 lost in 3 years)
8.3%
2021 Franchise 500 Rank
N/R Not ranked last year
Initial investment
$321K - $684K

Company Overview

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.

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About RimTyme Custom Wheels and Tires

Industry
Automotive
Founded
2005
Parent Company
Rent-A-Center Franchising Int'l. Inc.
Leadership
Cathy Skula, CEO
Ticker Symbol
RCII

Franchising Overview

Franchising Since
2007 (14 years)
# of employees at HQ
510
Where seeking

This company is seeking new franchisees throughout the US.

# of Units
36 (as of 2019)

Franchisor Information

Social
Facebook, Twitter
Corporate Address
5501 Headquarters Dr.
Plano, TX 75024

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

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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

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
Co-op Advertising
Ad Templates
National Media
Regional Advertising
Social Media
SEO
Website Development
Email Marketing
Loyalty Program/App

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

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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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Related Franchises

Are you eager to see what else is out there? Browse more franchises that are similar to RimTyme Custom Wheels and Tires.

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Title
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Role
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Title
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Role
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Disclaimer
The information on this page is not intended as an endorsement or recommendation of any particular franchise by Entrepreneur Media. Our franchise listings and rankings are solely research tools you can use to compare franchise operations. Entrepreneur stresses that you should always conduct your own independent investigation before investing in a franchise. That should include reviewing the franchisor's legal documents, consulting with an attorney and an accountant, and talking to former and current franchisees.
Updated: February 8th, 2021
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