ColorTyme Rental Store offers furniture, appliances, electronics, and more for rent with a focus on quality brands and neighborhood customer service. The franchise promotes a friendly, community atmosphere.
Key Insights
- ColorTyme Rental Store has a history of providing a flexible leasing option for a range of household goods and electronics, operating through a network of franchised locations. This business model allows customers to acquire desired items through manageable payments rather than outright purchase.
- The franchise operates on a business-to-consumer model, facilitating the rental of furniture, electronics, appliances, and computers. Customers choose products, agree to rental terms, and have the option to purchase the items after a period or at the end of their lease agreement.
- This business operates within the broader rent-to-own industry, a sector serving consumers seeking accessible ways to obtain essential and desirable goods. The industry offers an alternative purchasing channel for a diverse customer base.
Franchise Fee and Costs to Open
Exploring the financial picture of ColorTyme Rental Store gives insight into both the upfront commitment and the potential revenue opportunity. According to FDD Item 7, opening this franchise typically involves an investment in the range of $479,825 - $708,250, along with a franchise fee of $35,000 - $35,000.
Financial Performance and Revenue
Training and Resources
ColorTyme Rental Store provides comprehensive training for new franchisees. The initial program offers an intensive, in-person experience lasting two weeks at their corporate headquarters in Texas. This training covers operational procedures and business strategies. ColorTyme also offers ongoing support resources and recommends leveraging their established systems for a smoother launch.
Legal Considerations
Legal considerations for a ColorTyme Rental Store franchisee are outlined in the Franchise Disclosure Document (FDD) and the Franchise Agreement. Note that this franchise discloses lawsuits and/or bankruptcy information in its FDD, which may impact your evaluation. Subscribe now to access more details and be sure to consult a qualified attorney before proceeding.
Challenges and Risks
A franchisee launching a ColorTyme Rental Store may encounter considerations regarding local market dynamics, including the presence of established competitors and varying consumer demand for rental products. Operational complexity can arise from managing inventory, maintaining equipment, and ensuring timely service. Furthermore, reliance on specific supply chains for product availability and procurement presents another area for careful planning.
Franchise Datasheet
FAQs
What is the minimum cash required to open a ColorTyme Rental Store franchise?
How can I estimate the profitability and return on investment (ROI) of a ColorTyme Rental Store franchise?
What is the franchisee fee for a ColorTyme Rental Store franchise?
How to open a ColorTyme Rental Store franchise?
How many locations does ColorTyme Rental Store have?
Get insider access to franchise insights
Subscribe to receive expert tips, franchise rankings, and exclusive data straight to your inbox, trusted by thousands of aspiring business owners and investors.
Franchise resources & insights
Explore expert guides, data-driven articles, and tools to help you make smarter franchise decisions, whether you're just starting out or ready to invest.
