FranchiseWorks.com | ColorTyme
recognized as an AllStar Franchise
for 2011. Rent-to-own franchise
brand distinguished as a top franchise opportunity
for second consecutive year.
PLANO, Texas - March 2011 – ColorTyme
, the nation’s oldest rent-to-own franchise
, was chosen again this year as a “best of the best” business opportunity
in the 2011 AllBusiness AllStar ranking. Backed by analysis from parent company Dun & Bradstreet, AllBusiness assesses the strengths of more 800 franchising
companies and ranks the top 300 based upon criteria including unit growth rate, availability of financing and brand visibility.
In business since 1979 and franchising
since 1981, ColorTyme
was chosen for many positive characteristics including longevity, system size, flexible merchandise buying programs, and an annual rise in financial strength. In addition, AllBusiness praised ColorTyme for offering financing for more than 15 years and continuing its funding for start-up and ongoing inventory needs through a new program with a major third-party lender.
This is the second consecutive year that ColorTyme
has ranked since the AllStar Franchises
listing debuted in 2009. Bob Bloom, CEO and president of ColorTyme, is pleased to see the brand among other top franchises.
“Being named in such a prominent list confirms ColorTyme’s reputation as a trusted franchise and highlights the value for individuals who are looking for a rewarding opportunity,” he said. “With a focus on financing and comprehensive support, we are committed to helping our franchisees grow their business."
ColorTyme, Inc., founded in 1979, is America’s oldest franchisor of independently owned-and-operated rent-to-own stores. ColorTyme franchisees operate 191 rent-to-own stores in 33 states, and the company’s custom-wheels-and-tires franchise brand, RimTyme, operates 21 stores in 12 states. ColorTyme is headquartered in Plano, Texas, and is an independent, wholly owned subsidiary of the largest RTO company in the world, Rent-A-Center (NASDAQ: RCII).
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