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Rineberg
first started working in RTO as an account manager at
Rent-A-Center, following in his father’s footsteps. His father
was with Rent-A-Center when the company was a small chain of 25
stores and in 1986, when Rineberg joined Rent-A-Center, the
company had reached about 275 stores.
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ColorTyme franchisees Rick Rineberg (right) and
partner Roy Rikoric. |
ColorTyme franchisee Rick Rineberg
has persuasive friends. So persuasive in fact, they talked him
into moving from a nearly 20-year career with Rent-A-Center
(RAC) to try his hand at small business ownership. Now Rineberg
is celebrating the opening of his second ColorTyme rent-to-own (RTO)
store less than a year after he signed a franchise agreement.
Rineberg’s second ColorTyme store with partner Roy Rikoric
opened in Manhattan, Kansas in August and celebrated its grand
opening in October. Rineberg’s first store, in Junction City,
was acquired from another ColorTyme franchisee last spring. The
stores are testimony to fellow ColorTyme franchisee Scott
Brown’s suggestion to give business ownership a chance. Brown
himself spent years in RTO with REMCO and RAC before becoming a
ColorTyme franchisee.
“Scott’s a pretty good salesman,” Rineberg said. “After he’d
been a ColorTyme franchisee for about a year, he really started
working on me, trying to convince me that being an owner meant
making decisions for myself and working hard, but also reaping
the rewards for myself and my family in the long run.”
A Wichita native, Rineberg first started working in RTO as an
account manager at RAC, following in his father’s footsteps. His
father was with RAC when the company was a small chain of 25
stores and in 1986, when Rineberg joined RAC, the company had
reached about 275 stores.
“I thought that working for RAC would just be a starter job, to
get my foot in the door straight out of college,” he says.
“After spending time working with my dad and seeing the
potential opportunities, RTO turned out to be a really unique
industry to work in and seemed to fit my personality.”
Rineberg’s career with RAC was spent both working for RAC in its
corporate owned stores and working for his father as a RAC
franchisee. Along the way, he met and worked with Brown and
Rikoric and even spent time working with ColorTyme CEO and
President Bob Bloom during Bloom’s tenure as Vice President at
Rent-A-Center.
“Throughout my career in RTO, I’ve worked with smart and
dedicated people,” Rineberg said. “It’s because of those
relationships and what I’ve learned from them that I can open my
own ColorTyme franchise now. Bob Bloom and Pat Sumner at
ColorTyme were also extremely helpful in the franchising
process.”
Rineberg and Rikoric work to give their customers a better
choice in merchandise, offering the latest technology in TVs and
laptop computers as well special orders. They’re also proud to
be in the store every day, available to meet customers and help
them find the right items to rent.
For more information, visit
www.colortyme.com.
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