ColorTyme Franchising - Franchise Ownership in the Rent to Own Business
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About ColorTyme Franchising
Financing

ColorTyme has developed relationships with vendors and is able to guarantee the third party financing to qualified franchisees.  The programs are tailored to the Rent-To-Own industry and because of the way the programs are structured, provide assistance to the franchisee operationally as well as financially.

 

For “1st” stores, two programs are available.  First, to fully finance your inventory needs, an initial inventory financing line of at least $300,000 is available. Inventory credit line increases are aligned with store growth and performance targets so you will always be able to replenish your inventory.  Second and specific to “1st” stores is up to $80,000 in additional capital financing.  Combining these programs enables new franchisees to comfortable start their operations with approximately $140,000 of their own liquid assets.

 

For franchisees who open additional stores the inventory financing programs remain available.  In addition, franchise fees for 2nd stores are cut by $5000 ($20,000 from $25,000) and all stores developed by existing franchisees past 2 stores are provided a $7,500 ($17,500 from $25,000) discount on the initial store fees.

 

Financing is always subject to approval and credit guidelines in effect at the time of application, but the rates and terms are more than competitive with today’s business lending environment.

 


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