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ColorTyme Profile; Rent-to-Own Franchise Week 2008
06-20-08
RTO Online - The rent to own industry's trade website
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ColorTyme Franchisees Tell Story Of Commitment, Growth

 

It's an explosive industry that reminds me of the RTO industry in the early 80s, very exciting.
Jim Moore, multi-unit RimTyme operator in NC, SC and TN

Visit ColorTyme for more information.

Why are so many RTO pros coming to ColorTyme? Because IT WORKS!

"ColorTyme provided us with all the tools and support, such as marketing and a great financing platform, that we needed to get our business started. When we need ColorTyme's help on any subject, we know support is always just a phone call away. Believe us when we say that being a ColorTyme franchisee feels like family. We never feel like just a number."
-Louis Garcia and Scott Brown multi-unit operators in Maryland

FACT: ColorTyme continues to be the 3rd largest RTO company in the USA. In the past 5 years, ColorTyme/RimTyme has opened 136 new stores and added 48 new franchisees.

FACT: Superb marketing programs are customizable and elective to use. Plus:

  • Three full-time accessible marketing professionals to help individual franchisees with marketing and ad design needs
  • Six fully integrated advertising promotions per year
  • Branded ColorTyme website allows franchisees to customize messages and products for each store

"They demonstrate that COMMITMENT every day through total support."
-Tom Smith, MD & PA

FACT: The best training in the industry

  • ColorTyme University offers in-depth classroom training courses for both store managers and store owners
  • Interactive e-based training system for all associates consisting of 27 hours of instruction
  • Up to 3 training visits by ColorTyme Field Operations within the first 12 months after signing franchise agreement

FACT: Lots of additional services at NO EXTRA COST!

  • FREE marketing and demographic analysis
  • FREE site selection and lease negotiation assistance
  • FREE professional legal advice provided by Woody Webb, Sr., a nationally renowned RTO legal counsel
  • Access to the RTO industry's largest skip database
  • FREE public relations support to proactively promote stories to local press, handle in-bound media inquiries and provide media training to franchisees and store managers

"I frequently hear the home office [staff] say 'We are in business to help our franchisees succeed.' And they demonstrate that commitment every day through responsive and total support when I need it."
-Tom Smith, multi-unit operator in MD & PA

FACT: One-Stop-Shop for inventory management

  • 100% inventory financing available to all qualified franchisees
  • Five full-time purchasing professionals on staff. Each franchisee is assigned one staff professional to call for vendor orders and issues
  • The RTO industry's best national product service program, including both in-warranty service and out of warranty service on most name brand products at a very competitive price

FACT: Nobody beats the ColorTyme Payday Loan Program

  • ColorTyme is the most experienced RTO franchisor in the payday loan industry with 40 ColorTyme stores offering payday loans in 19 states
  • Financing available for payday loan business
  • Payday loan business is NOT an additional fee to franchisees

FACT: By far the biggest advantage to being a ColorTyme franchisee is being part of a system with over 90 owners who share with each other:

  • What works in their stores today
  • What works to separate them from other RTO stores

Now ColorTyme is in the CUSTOM WHEEL business.

FACT: RimTyme franchised stores averaged $973,999* in revenue per store

FACT: RimTyme franchisees have the advantages of being part of the ColorTyme system, yet enjoy a separate operating system that is specific to the RimTyme brand

FACT: Through the inventory finance program, RimTyme franchisees are able to stock enough inventory to offer their customers the opportunity to "Ride Today"

FACT: Extensive wheel and tire customer market research is available to assist in market and site selection

*As reported n our most recent Franchise Disclosure Document for stores that operated at least 18 months prior to January 1, 2008

"It's an explosive industry that reminds me of the RTO industry in the early 80s, very exciting... Your customers want to drive in and drive out today with new rims on their car, something we are able to do with ColorTyme's financing programs."
- Jim Moore, multi-unit RimTyme operator in NC, SC and TN

"I have been in the ColorTyme system since 2002. I was given the entrepreneurial freedom to move from a traditional rent to own environment to the exciting new industry of custom wheels and tires. ColorTyme and RimTyme provide unparalleled support with financing, marketing, and sales. My decision to become a ColorTyme and RimTyme franchisee has been instrumental in my ability to improve both my personal and professional lifestyle."
-Eric Malone, multi-unit RimTyme operator in NC

Interested in becoming a franchisee??

Check the FACTS.

  • 83% of ColorTyme franchisees would buy the franchise again.
  • 86% of ColorTyme franchisees would recommend ColorTyme to others.
  • 89% of ColorTyme franchisees believe they are able to communicate directly and effectively with senior management. According to a 2007 independent survey conducted by FranSurvey®
  • COLORTYME/ RIMTYME OTHERS Added 135 new stores in the last 4 years
  • Optional marketing programs
  • FREE marketing and design assistance
  • Classroom training for store managers and owners
  • Interactive e-based training for all positions
  • 100% inventory financing
  • National product service program
  • One-stop-shop for inventory management
  • FREE demographic analysis
  • FREE site selection and lease negotiation assistance
  • FREE public relations support
  • Access to the RTO industry's largest skip database
  • No extra franchise fee to add payday loans

Call Jim Deering today at (972) 403-4905 or email: jdeering@colortyme.com for your confidential application.

 

 

RTO Online is the official channel for Rent-to-Own Industry News and the only independent source of news for the rent-to-own, rental-purchase, lease-purchase trade. RTO Online (Rent to Own Online) represents the choice of the entire RTO Industry for trusted information, as it happens.

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