Start-Up Costs and Fees |
||
| Triangle Corporation | ColorTyme | |
| Investment | 100000 - 100000 | 229575 - 357500 |
| Franchise Fee | 0 | |
| Royalty Fee | 5% | 4% |
| Advertising Fee | 5% | $250/ mo |
| Year Founded | 1939 | 1979 |
| Year Franchised | 1984 | 1982 |
| Term Of Agreement | ||
| Term Of Agreement | ||
| Renewal Fee | ||
Business Experience Requirements |
||
| Triangle Corporation | ColorTyme | |
| Experience | ? Business Experience: ? Industry experience ? General business experience ? Marketing skills | |
Financing Options |
||
| Triangle Corporation | ColorTyme | |
| Franchise Fees | No | |
| Start-up Costs | Yes | |
| Equipment | Yes | |
| Inventory | Yes | |
| Receivables | Yes | |
| Payroll | Yes | |
Training & Support |
||
| Triangle Corporation | ColorTyme | |
| 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 |
||
| Triangle Corporation | ColorTyme | |
| US Expansion | New Jersey, Pennsylvania | 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 | 0 | |
| International Expansion |
Start-Up Costs and Fees Mobile |
|
| Investment | |
| Triangle Corporation | |
| ColorTyme | |
| Franchise Fee | |
| Triangle Corporation | |
| ColorTyme | |
| Royalty Fee | |
| Triangle Corporation | 5% |
| ColorTyme | 4% |
| Advertising Fee | |
| Triangle Corporation | 5% |
| ColorTyme | $250/ mo |
| Year Founded | |
| Triangle Corporation | 1939 |
| ColorTyme | 1979 |
| Year Franchised | |
| Triangle Corporation | 1984 |
| ColorTyme | 1982 |
| Term Of Agreement | |
| Triangle Corporation | |
| ColorTyme | 5-10 years |
| Renewal Fee | |
| Triangle Corporation | |
| ColorTyme | |
Business Experience Requirements |
|
| Experience | |
| Triangle Corporation | |
| ColorTyme | ? Business Experience: ? Industry experience ? General business experience ? Marketing skills |
Financing Options |
|
| Franchise Fees | |
| Triangle Corporation | |
| ColorTyme | |
| Start-up Costs | |
| Triangle Corporation | |
| ColorTyme | |
| Equipment | |
| Triangle Corporation} | |
| ColorTyme | |
| Inventory | |
| Triangle Corporation | |
| ColorTyme | |
| Receivables | |
| Triangle Corporation | |
| ColorTyme | |
| Payroll | |
| Triangle Corporation | |
| ColorTyme | |
Training & Support |
|
| Training | |
| Triangle Corporation | |
| ColorTyme | 4 Weeks |
| Support | |
| Triangle Corporation | |
| 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 |
| Marketing | |
| Triangle Corporation | |
| ColorTyme | *National Advertising *Regional Advertising *Local Advertising *Marketing Materials *Additional Services: customized ads *Other Marketing Support |
| Operations | |
| Triangle Corporation | |
| 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 |
Expansion Plans |
|
| US Expansion | |
| Triangle Corporation | New Jersey, Pennsylvania |
| 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 |
| Canada Expansion | |
| Triangle Corporation | 0 |
| ColorTyme | |
| International Expansion | |
| Triangle Corporation | |
| ColorTyme | |