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General

Industry

Retail Products and Services

Category

Other

Works with Franchise Brokers

No

Year of Founding

1980

Fees

Marketing Fee

$250 per month

Royalty Fee

Varies

Franchise Fee

$5,000-$25,000

Investment Range

$321K-$684K

Location units

Total U.S. Locations

36

U.S. Franchised Units

36

U.S. Corporate Units

N/A

Headquarters (City)

Plano

Other

Item 19 - Franchise Financials

Yes

E-2 Visa Eligibility

No

Started Offering Franchises

1996

Issuance of FDD Data

04/29/2019

Key Indicators

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Franchise Payback Period (Years)

Owner Salary / Compensation

Average Unit Volume (AUV)

Franchise Cost

$321K-$684K

Franchise Fee

$5,000-$25,000

What to know about RimTyme Rental Store franchise?

RimTyme is a rental store that specializes in rims and tires. They have a wide selection of rims and tires to choose from, and they offer a variety of services to their customers. RimTyme also offers financing options for their customers, so that they can make the purchase of their new rims and tires. RimTyme stays on top of the newest trends and styles in the automobile business as members of the world's largest automotive aftermarket association (SEMA). This gives them the ability to bring the newest designs to their shops ahead of schedule. They have qualified experts that are trained in installation and balancing new or used wheel packages.

RimTyme Rental Store is based in Plano, TX. Scroll down to learn more!

How much does a RimTyme Rental Store franchise cost?

Are you wondering how much is a RimTyme Rental Store franchise? Before starting a RimTyme Rental Store franchise, it is important to know the franchise fee, working capital and other costs required to start the business.

The minimum investment amount required to open a RimTyme Rental Store franchise is $321,208 and can go all the way up to $684,250. Keep in mind, you should also allocate additional funds to live off of while the RimTyme Rental Store business ramps up. This can take as little as 6 months to over 2 years depending on the franchise opportunity. You should speak to at least 5 RimTyme Rental Store franchisees to understand the true cost of opening the franchise and how long it takes to: 1) start a RimTyme Rental Store business 2) pass break even 3) hit significant income.

After (and if) you pass the point of earning significant income from your RimTyme Rental Store franchise, there may be enough margin to hire a day-to-day manager and work less hours in the business.

Franchise Net Unit Growth

Industry Report Request

Download our guide to compare RimTyme Rental Store. Hotels to the Other, Outdoor Retail Products and Services industry.

Franchise Data

Year Start of Year Units Opened Units Closed End of Year
2016 38 1 0 39
2017 39 1 1 39
2018 39 1 4 36

Additional Details

How much does a RimTyme Rental Store franchise owner make?

RimTyme Rental Store franchise earnings and revenue can vary significantly from one franchisee to another.
The RimTyme Rental Store franchise owner profits can be influenced by labor costs, lease rates, hours worked as well as other factors.

RimTyme Rental Store discloses financials at the unit level. In other words, they show how much RimTyme Rental Store franchisees made in the past. Through analyzing this information available in the metrics tab, it can serve as a good basis to further explore the opportunity or not.

At Vetted Biz, we advise you to speak with 5 to 10 franchisees to understand how much money they are making from the RimTyme Rental Store franchise. Roughly 60% of franchises disclose financials and it makes the process easier when filtering potential franchise opportunities like RimTyme Rental Store. Don’t just speak to existing franchisees, call franchisees who have recently left the system and try to find out how much those RimTyme Rental Store owners were making.

Visit the RimTyme Rental Store metrics tab to explore the financials for this business.

What is the RimTyme Rental Store franchise fee?

Owning a RimTyme Rental Store franchise requires Varies royalty fee and $250 per month marketing fee. These two expenses represent the main ongoing costs you can expect to pay the franchisor throughout the franchise relationship. There may be other ongoing fees disclosed in the RimTyme Rental Store Franchise Disclosure Document

Keep in mind, there is also an initial RimTyme Rental Store franchise fee of $5,000 that is included in the initial investment amount of $321,208 to $684,250. Depending on the franchise agreement you sign, you might have to pay the full franchise fee again if you decide to extend the RimTyme Rental Store franchise relationship. Consult with a licensed franchise attorney to understand exactly what you receive for paying the RimTyme Rental Store franchise fee of $5,000.

Visit the RimTyme Rental Store metrics tab to explore the financials for this business, royalty and marketing fees compare to other Retail Products and Services franchises. You can also compare these fees for 2,000+ franchises currently offered in the U.S.

When was RimTyme Rental Store founded?

RimTyme Rental Store started offering franchises in 1996. RimTyme Rental Store was founded 42 years ago in 1980.

At Vetted Biz, we recommend franchises have 3-5 corporate locations and 5+ years of experience before offering a franchise. There needs to be proof that the business model works and is replicable before offering the franchise to other!

How many RimTyme Rental Store locations are in the U.S.?

As of 2019, there were 36 locations across the U.S. There are also 0 corporate locations. Most Retail Products and Services franchises like RimTyme Rental Store have more franchised locations than corporate locations.

How many RimTyme Rental Store franchises opened over the past few years?

Over the prior 3 years we have data for, RimTyme Rental Store has opened 3 outlets throughout the U.S. Visit the RimTyme Rental Store metrics tab to explore how the openings compare to other Retail Products and Services franchises.

How many RimTyme Rental Store franchises closed over the past few years?

Over the prior 3 years we have data for, RimTyme Rental Store has closed 5 outlets throughout the U.S

Visit the RimTyme Rental Store metrics tab to explore how the openings compare to other Retail Products and Services franchises.

Is RimTyme Rental Store growing? Are they opening more locations than they are closing?

The net unit growth rate for RimTyme Rental Store over the past 3 years is -5%. Over the last year we have data for, RimTyme Rental Store had a net unit growth rate of -8%.

Without a comparison, this number doesn’t mean much. Compare how the RimTyme Rental Store growth rate compares to 2,000+ other franchises and Industry franchises like RimTyme Rental Store. More info in the RimTyme Rental Store metrics tab.

Is RimTyme Rental Store franchise eligible for an SBA Loan?

RimTyme Rental Store is eligible for SBA loans including the 7(a) loan. To find out more about the SBA loan program for franchising click here.

RimTyme Rental Store franchise was assigned the SBA Franchise ID of S1432 on 10/01/2017. This DOES NOT mean the SBA endorses this franchise. The SBA Franchise Directory will only include business models like RimTyme Rental Store that are reviewed and found eligible under SBA’s affiliation rules and other eligibility criteria. Currently, there are over 7,000 franchise opportunities that the SBA has deemed eligible for SBA financing.

Is RimTyme Rental Store a franchise in the United States?

According to the SBA, RimTyme Rental Store meets the Federal Trade Commission (FTC) definition of a franchise. The FTC Franchise Rule requires franchisors to provide all potential franchisees with a disclosure document (FDD) containing 23 items about the franchise, its officers, and other franchisees. Be sure that RimTyme Rental Store provides you with an FDD if you are in discussion to buy a RimTyme Rental Store.

What is the RimTyme Rental Store Franchise for Sale Rate?

The RimTyme Rental Store systemwide health and franchisee satisfaction can be measured by the RimTyme Rental Storefranchise for sale rate. The franchise for sale rate is calculated by the percentage of units transferred to new franchisees and reacquired by franchisor.

RimTyme Rental Store franchise for sale rate over the past 3 years is 0%. Over the last year we have data for, RimTyme Rental Store had a franchise for sale rate of 0%.

Without a comparison, this number doesn’t mean much. Compare how the RimTyme Rental Store franchise for sale rate compares to 2,000+ other franchises and Industry franchises like RimTyme Rental Store. More info in the RimTyme Rental Store metrics tab.

What is the RimTyme Rental Store Franchise Failure Rate?

RimTyme Rental Store franchise failures comprise franchise terminations, franchise non-renewals, and franchises that ceased operations for other reasons. The failure rate is one of the most important franchise metrics to consider when investing in a franchise!

RimTyme Rental Store failure rate over the past 3 years is 14%. Over the last year we have data for, RimTyme Rental Store had a franchise failure rate of 11%.

Without a comparison, this number doesn’t mean much. Compare how the RimTyme Rental Store franchise for sale rate compares to 2,000+ other franchises and Industry franchises like RimTyme Rental Store. More info in the RimTyme Rental Store metrics tab.

How can I find out more details on RimTyme Rental Store franchise?

Visit the RimTyme Rental Store metrics tab to explore franchise profitability, industry comparables and more. Become a Vetted Member today today for exclusive access on this franchise opportunity!

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Investment Midpoint

The average of the low and high range of the investment amounts calculated from the most recently available Franchise Disclosure Document

RimTyme Rental Store

$502,729

Industry median

All franchises median

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Royalty Fee

The median royalty fee from the Franchise Disclosure Document

RimTyme Rental Store

Varies

Industry median

All franchises median

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Franchise Fee Midpoint

Payment that the franchisee must pay to the franchise owner in order to start a franchise.

RimTyme Rental Store

$15,000

Industry median

All franchises median

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Item 19 – Financial Performance Representations

Historical financial performance representations

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Franchise Financials

Franchisor company financial information and financial performance representations, if disclosed by the franchisor.

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General

Industry

Retail Products and Services

Category

Other

Works with Franchise Brokers

No

Year of Founding

1980

Fees

Marketing Fee

$250 per month

Royalty Fee

Varies

Franchise Fee

$5,000-$25,000

Investment Range

$321K-$684K

Location units

Total U.S. Locations

36

U.S. Franchised Units

36

U.S. Corporate Units

N/A

Headquarters (City)

Plano

Other

Item 19 - Franchise Financials

Yes

E-2 Visa Eligibility

No

Started Offering Franchises

1996

Issuance of FDD Data

04/29/2019

Detailed Franchise metrics for RimTyme Rental Store

Detailed Franchise Metrics are metrics calculated and reviewed by Vetted Biz. You can find the available metrics for RimTyme Rental Store below. “N/A" or Not Applicable results mean that there is not enough data available to compute a precise rate or that the result is not mathematically computable. When results are not mathematically computable, you should pay attention to the absolute values (#) instead of the percentage rate itself.

Growth Rate

The percentage change of total franchise units from one year to the next by franchisor.

 

1 year

3 years

RimTyme Rental Store

0%

-5%

Industry median

All franchises median

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Franchise for Sale Rate

The percentage of units transferred to new franchisees and reacquired by franchisor.

 

1 year

3 years

RimTyme Rental Store

NA

0%

Industry median

All franchises median

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Net Unit Growth (most recent year)

Net Unit Growth (3 years)

Failure Rate

Franchise failures comprise franchise terminations, franchise non-renewals, and franchises that ceased operations for other reasons.

 

1 year

3 years

RimTyme Rental Store

NA

14%

Industry median

All franchises median

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Business details

Website

www.rimtyme.com

Business email

**********@******.com

Mailing address

5501 Headquarters Drive

State headquarters

Texas

Contact Name

RimTyme Rental Store

Phone

+1 (000) 0********00

City

Plano

Zip code

75024
Name Email State City Zip Code

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