ColorTyme Franchisees Grow In Record Numbers

Rtoonline:

Over the years, franchisee innovation and ColorTyme financing have become critical factors to ColorTyme’s success. Within the last year, programs such as custom wheels and tires, initiated by ColorTyme franchisee Jim Moore, and Pay Day Loans (PDL), pioneered by rent-to-own (RTO) legend and ColorTyme franchisee Gary Hughes, have increased ColorTyme, Inc.’s growth capabilities and its franchisees’ profits.

ColorTyme President and CEO Bob Bloom and Director of Franchise Development and Financing Pat Sumner provide aggressive financing and encourage these entrepreneurial attitudes because they know franchisees are the heart of the creative process and integral to a successful company. “ColorTyme is a leader in new RTO programs, thanks largely to our franchisees,� said Sumner.

Currently, more than 25 ColorTyme stores offer PDLs and there are another 12 planned for this year. While Moore launched the custom wheels prototype, additional franchisees are taking advantage of the program and ColorTyme projects 50 stores will offer custom wheels by the end of 2006.

“Part of my job at ColorTyme is to find the people that love RTO who also have the experience to make their own business a success,� Sumner said. “ColorTyme can support them with financing and empower them through creative and business freedoms that are above and beyond what is typical for our industry.