Most new franchisees get started with a phone call and typically open their first store in about three to six months.
Jim Deering, CFE, director of franchise development, ColorTyme

ColorTyme and RimTyme rent to own companies offer franchise business opportunities with a franchise financing guarantee. If an approved franchisee does not receive financing, ColorTyme will refund the franchise fee.

ColorTyme, Inc. is America's oldest franchisor of independently owned-and-operated rent to own stores. ColorTyme's history is rooted in the desire to help people afford the things they need and want in life. The company is headquartered in Plano, Texas, and is an independent, wholly owned subsidiary of the largest Rent-to-Own company in the world, Rent-A-Center (NASDAQ: RCII).

Today, ColorTyme franchisees operate more than 200 stores in 33 states and offer customers a variety of rent to own options -- furniture rental, appliances rental, electronics rental, and rent to own computers. RimTyme, a custom-wheels-and-tires franchise brand, which ColorTyme opened in 2007, operates 25 stand-alone-stores in 11 states. The company's rent to own franchise network continues to grow, and ColorTyme continues to work on new, future revenue sources for its franchisees.

ColorTyme representatives note the franchising process is simple, straightforward and fast. The company guarantees if you are awarded a franchise and do not receive financing, your franchise fee will be refunded to you in full.

"Most new franchisees get started with a phone call and typically open their first store in about three to six months after signing a franchise agreement," said Jim Deering, CFE and director of franchise development for ColorTyme. "Our support system offers franchisees customized training programs for every position and award-winning marketing materials to help build their business. We want our franchisees to be successful, and we are committed to supporting them along every step of the way."