Start-Up Costs and Fees |
||
| ColorTyme | Premier Home Furnishings | |
| Investment | 229575 - 357500 | 0 - 0 |
| Franchise Fee | 0 | 0 |
| Royalty Fee | 4% | |
| Advertising Fee | $250/ mo | |
| Year Founded | 1979 | 0 |
| Year Franchised | 1982 | 0 |
| Term Of Agreement | ||
| Term Of Agreement | ||
| Renewal Fee | ||
Business Experience Requirements |
||
| ColorTyme | Premier Home Furnishings | |
| Experience | ? Business Experience: ? Industry experience ? General business experience ? Marketing skills | |
Financing Options |
||
| ColorTyme | Premier Home Furnishings | |
| Franchise Fees | No | |
| Start-up Costs | Yes | |
| Equipment | Yes | |
| Inventory | Yes | |
| Receivables | Yes | |
| Payroll | Yes | |
Training & Support |
||
| ColorTyme | Premier Home Furnishings | |
| Training | 4 Weeks | |
| Support | o Central Purchasing: Included in Fees o Field Operation Evaluation: Included in Fees o Field Training: Included in Fees o Initial Store Opening: Included in Fees o Inventory Control: Included in Fees o Franchisee Newsletter: Included in Fees o Regional or National Meetings: Included in Fees | |
| Marketing | *National Advertising *Regional Advertising *Local Advertising *Marketing Materials *Additional Services: customized ads *Other Marketing Support | |
| Operations | ? 49% of all franchisees own more than one unit ? Number of employees needed to run franchised unit: 5 ? Absentee ownership of franchise is allowed. (75% of current franchisees are owner/operators) ? Average Number of Employees: 5 Full-time, 0 Part-time | |
Expansion Plans |
||
| ColorTyme | Premier Home Furnishings | |
| US Expansion | Nationwide, Alabama, Alaska, Arizona, Arkansas, California, Colorado, Connecticut, Delaware, District of Columbia, Florida, Georgia, Guam, Hawaii, Idaho, Illinois, Indiana, Iowa, Kansas, Kentucky, Louisiana, Maine, Maryland, Massachusetts, Michigan, Minnesota, Mississippi, Missouri, Montana, Nebraska, Nevada, New Hampshire, New Jersey, New Mexico, New York, North Carolina, North Dakota, Ohio, Oklahoma, Oregon, Pennsylvania, Puerto Rico, Rhode Island, South Carolina, South Dakota, Tennessee, Texas, Utah, Vermont, Virginia, Washington, West Virginia, Wisconsin, Wyoming | |
| Canada Expansion | ||
| International Expansion |
Start-Up Costs and Fees Mobile |
|
| Investment | |
| ColorTyme | |
| Premier Home Furnishings | |
| Franchise Fee | |
| ColorTyme | |
| Premier Home Furnishings | |
| Royalty Fee | |
| ColorTyme | 4% |
| Premier Home Furnishings | |
| Advertising Fee | |
| ColorTyme | $250/ mo |
| Premier Home Furnishings | |
| Year Founded | |
| ColorTyme | 1979 |
| Premier Home Furnishings | 0 |
| Year Franchised | |
| ColorTyme | 1982 |
| Premier Home Furnishings | 0 |
| Term Of Agreement | |
| ColorTyme | 5-10 years |
| Premier Home Furnishings | |
| Renewal Fee | |
| ColorTyme | |
| Premier Home Furnishings | |
Business Experience Requirements |
|
| Experience | |
| ColorTyme | ? Business Experience: ? Industry experience ? General business experience ? Marketing skills |
| Premier Home Furnishings | |
Financing Options |
|
| Franchise Fees | |
| ColorTyme | No |
| Premier Home Furnishings | No |
| Start-up Costs | |
| ColorTyme | |
| Premier Home Furnishings | |
| Equipment | |
| ColorTyme} | |
| Premier Home Furnishings | |
| Inventory | |
| ColorTyme | |
| Premier Home Furnishings | |
| Receivables | |
| ColorTyme | |
| Premier Home Furnishings | |
| Payroll | |
| ColorTyme | |
| Premier Home Furnishings | |
Training & Support |
|
| Training | |
| ColorTyme | 4 Weeks |
| Premier Home Furnishings | |
| Support | |
| ColorTyme | o Central Purchasing: Included in Fees o Field Operation Evaluation: Included in Fees o Field Training: Included in Fees o Initial Store Opening: Included in Fees o Inventory Control: Included in Fees o Franchisee Newsletter: Included in Fees o Regional or National Meetings: Included in Fees |
| Premier Home Furnishings | |
| Marketing | |
| ColorTyme | *National Advertising *Regional Advertising *Local Advertising *Marketing Materials *Additional Services: customized ads *Other Marketing Support |
| Premier Home Furnishings | |
| Operations | |
| ColorTyme | ? 49% of all franchisees own more than one unit ? Number of employees needed to run franchised unit: 5 ? Absentee ownership of franchise is allowed. (75% of current franchisees are owner/operators) ? Average Number of Employees: 5 Full-time, 0 Part-time |
| Premier Home Furnishings | |
Expansion Plans |
|
| US Expansion | |
| ColorTyme | Nationwide, Alabama, Alaska, Arizona, Arkansas, California, Colorado, Connecticut, Delaware, District of Columbia, Florida, Georgia, Guam, Hawaii, Idaho, Illinois, Indiana, Iowa, Kansas, Kentucky, Louisiana, Maine, Maryland, Massachusetts, Michigan, Minnesota, Mississippi, Missouri, Montana, Nebraska, Nevada, New Hampshire, New Jersey, New Mexico, New York, North Carolina, North Dakota, Ohio, Oklahoma, Oregon, Pennsylvania, Puerto Rico, Rhode Island, South Carolina, South Dakota, Tennessee, Texas, Utah, Vermont, Virginia, Washington, West Virginia, Wisconsin, Wyoming |
| Premier Home Furnishings | |
| Canada Expansion | |
| ColorTyme | |
| Premier Home Furnishings | |
| International Expansion | |
| ColorTyme | |
| Premier Home Furnishings | |