ColorTyme
We operate rental-purchase stores that offer televisions, audio-video equipment, appliances, furniture, jewelry, and computers under flexible rental agreements. Our customers are people who need products for a short time, want to avoid a large upfront purchase, or prefer to try an item before deciding to buy it. Some locations also sell accessory products, and in some markets we may offer financial services such as payday or title loans where permitted. We run a local retail storefront business, typically in strip centers or other convenient shopping areas, serving households that want flexible access to everyday merchandise.
Your franchise match score
Retail
Brand highlights
- CEOCatherine Skula
- Headquarters5501 Headquarters Drive, Plano, TX, 75024
- Year founded1980
- Year started franchising1982
- IndustryRetail
- Locations open32 (-7 last three years)
Statistics & metrics
- Investment range$479,825 - $708,250
- Franchise fee$35,000
- Royalty4-6% of Gross Rental Payments and Sales.
- Brand fundUp to 3.0% of Gross Rental Payments and Sales. $250 per month.
- Required Liquid CapitalN/A
- Required Net WorthN/A
Learn more about the Retail industry:
General retail franchises cover a wide range of products, from gifts and hobbies to hardware and convenience stores. This versatile sector offers opportunities for diverse interests.
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FDD insights
The information shown below is derived from publicly available franchise disclosure documents (FDDs), including the version issued as of the issuance date listed below, and other third-party sources. This information may not reflect the most current FDD. It is provided for general informational purposes only and is not part of any franchise offering or sales process. Franchise Sidekick is not providing or furnishing an FDD in accordance with FTC requirements. You should obtain and review the most current official FDD directly from the franchisor before making any investment decision.
FDD Version Referenced - Issuance Date: 2019-04-29
| Category | Detail | View |
|---|---|---|
| The Franchisor & Executives | Learn about ColorTyme, its parent company, and the executive leadership team responsible for operating and supporting the franchise system. | |
| Business Experience | Review the professional backgrounds and relevant business experience of ColorTyme's executives, directors, and key management personnel. | |
| Litigation | Understand any past or pending legal actions involving ColorTyme, its affiliates, or key personnel that may be relevant to prospective franchisees. | |
| Estimated Initial Investment | Review the estimated total initial investment required to open a ColorTyme franchise, including startup costs and working capital estimates. | |
| Financial Performance Representations | Review any financial performance information ColorTyme provides, including revenue or earnings data, if disclosed. |
Location data
| Total locations | 32 |
| Franchise locations | 32 |
| Corporate locations | 0 |
System growth over time
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