Start-Up Costs and Fees |
||
| ColorTyme | The Digital Depot | |
| Investment | 229575 - 357500 | 128000 - 128000 |
| Franchise Fee | 0 | 0 |
| Royalty Fee | 4% | 5% |
| Advertising Fee | $250/ mo | |
| Year Founded | 1979 | 2001 |
| Year Franchised | 1982 | 2004 |
| Term Of Agreement | ||
| Term Of Agreement | ||
| Renewal Fee | ||
Business Experience Requirements |
||
| ColorTyme | The Digital Depot | |
| Experience | ? Business Experience: ? Industry experience ? General business experience ? Marketing skills | |
Financing Options |
||
| ColorTyme | The Digital Depot | |
| Franchise Fees | No | No |
| Start-up Costs | Yes | No |
| Equipment | Yes | No |
| Inventory | Yes | No |
| Receivables | Yes | No |
| Payroll | Yes | No |
Training & Support |
||
| ColorTyme | The Digital Depot | |
| 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 | The Digital Depot | |
| 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 | |
| The Digital Depot | |
| Franchise Fee | |
| ColorTyme | |
| The Digital Depot | |
| Royalty Fee | |
| ColorTyme | 4% |
| The Digital Depot | 5% |
| Advertising Fee | |
| ColorTyme | $250/ mo |
| The Digital Depot | |
| Year Founded | |
| ColorTyme | 1979 |
| The Digital Depot | 2001 |
| Year Franchised | |
| ColorTyme | 1982 |
| The Digital Depot | 2004 |
| Term Of Agreement | |
| ColorTyme | 5-10 years |
| The Digital Depot | |
| Renewal Fee | |
| ColorTyme | |
| The Digital Depot | |
Business Experience Requirements |
|
| Experience | |
| ColorTyme | ? Business Experience: ? Industry experience ? General business experience ? Marketing skills |
| The Digital Depot | |
Financing Options |
|
| Franchise Fees | |
| ColorTyme | No |
| The Digital Depot | No |
| Start-up Costs | |
| ColorTyme | |
| The Digital Depot | |
| Equipment | |
| ColorTyme} | |
| The Digital Depot | |
| Inventory | |
| ColorTyme | |
| The Digital Depot | |
| Receivables | |
| ColorTyme | |
| The Digital Depot | |
| Payroll | |
| ColorTyme | |
| The Digital Depot | |
Training & Support |
|
| Training | |
| ColorTyme | 4 Weeks |
| The Digital Depot | |
| 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 |
| The Digital Depot | |
| Marketing | |
| ColorTyme | *National Advertising *Regional Advertising *Local Advertising *Marketing Materials *Additional Services: customized ads *Other Marketing Support |
| The Digital Depot | |
| 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 |
| The Digital Depot | |
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 |
| The Digital Depot | |
| Canada Expansion | |
| ColorTyme | |
| The Digital Depot | |
| International Expansion | |
| ColorTyme | |
| The Digital Depot | |