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ColorTyme
ColorTyme is the nation's oldest rental-purchase franchise company, specializing in electronics, furniture, appliances and computers. ColorTyme franchised stores provide the best selection of name brand home furnishings, appliances, computers and electronics to buy, rent or lease to own. Products are typically delivered and set-up with no hassles and no down payment. Customers are able to lease living room furniture, bedroom furniture, big screen televisions and more.
Facts & figures
$100,000 is required in available capital if you want to become a franchisee. ColorTyme expects new franchisees to have a net worth of at least $350,000. $449,825 is the minimum that someone opening a location should expect to invest. $698,250 is the maximum that someone opening a location should expect to invest. The franchise fee to open a ColorTyme unit is $25,000. Company operations commenced in 1979. Franchising as a means of location growth started in 1982. There are currently 215 ColorTyme units in operation.
