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Franchise RimTyme

Investments

$321,288

Franchise fee

$25,000

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Short information

$321,288

$321,288

Investments

$200,000

$200,000

Minimum Cash

4

4

Wishing to buy

2005

2005

Year Brand Started

38

38

Offices

2007

2007

Year Franchising Started

Franchise RimTyme

Investments

$321,288

Offices

38

Franchise Fee

25000

Short information

2005

Year Brand Started

2007

Year Franchising Started

About Franchise

RimTyme franchises provide a full and complete line of specialized wheel and tire products, offered to consumers under traditional retail sales programs and under rental purchase programs. RimTyme franchises also engage in retail sales of accessory products. The RimTyme franchise prototype was developed and proven by current franchisees. These custom rim and tire stores offer same-day custom wheel and tire installations to customers at competitive prices and affordable payment plans. Compelling unit economics combined with a well established franchisor provide an unparalleled opportunity.

At RimTyme we are driven by our company values - "People Helping People" and we are in this business to make the dream of ownership both a reality and a positive experience. We are committed to creating value for our franchisees by supporting them with superior systems, programs and processes every step of the way. And we are driven by the successes of our franchisees who lead the industry in customer service and respect.

One of the hallmarks of the RimTyme opportunity is the flexibility that allows franchisees to operate as independent business people, while maintaining the brand and benefitting from the RimTyme operating system. RimTyme is arguably one of the best investment deals available and a truly exciting business for the enthusiastic entrepreneur.

Franchise RimTyme

Led by an executive team with 60+ years of combined retail, rental and franchise experience, we help our franchisees with business plans and site selection as well as remodeling, lease negotiations, exterior signage, inventory orders and equipment specifications. And before their first RimTyme store opens, each franchisee partner will have access to some of the finest and most comprehensive training programs in the custom wheel industry.

"RimTyme provides unparalleled support with financing, marketing and sales. My decision to become a RimTyme franchisee has been instrumental in my ability to improve both my personal and professional lifestyle."
Eric Malone, Multi-Unit franchisee, Maryland and Georgia

Our franchisees describe the opportunity they have with RimTyme as the best of both worlds: the autonomy to run their business as they see fit and treat each customer with personalized service, paired with buying power, inventory, financing, marketing and training programs.

We go beyond running a franchise system. Demonstrating a strong commitment to the brand, we are building at least 10 new company operated RimTymes over the next 12 months.

Franchise RimTyme

10 very good reasons to choose RimTyme:

1. Complete financial support
RimTyme offers strong financing programs for franchisees who qualify and need financial assistance in order to own their own business. RimTyme is the guarantor for qualified franchisee 100 percent inventory financing and capital loans.

2. Buying power
RimTyme's purchasing power of top brand name products for its franchisees is among the best in the country, and the number of vendors that want to supply RimTyme is growing rapidly.

3. Company history
RimTyme was developed by ColorTyme, the oldest and most experienced rent-to-own franchise company in the U.S.

4. Ride today
RimTyme's experience, buying power and financing arrangements allow our franchisees to maintain the necessary inventory to provide customers with what they want - to ride today!

5. Training
exCEL (our rent-to-own in-store training program) offers the skills that enable franchisees and their team members to succeed. Specific state-of-the-art wheel and tire training is provided at your location as well.

6. Simplified operations
Day-to-day business activities are simplified and cost effective, using state-of-the-art store operating and accounting systems from third party providers.

7. Real estate and legal support
RimTyme's preferred real estate broker assists with site selection and lease negotiation (no charge) to give each RimTyme store a great start in the community it serves. Franchisees also have access to free legal counsel regarding lease contracts and associated paperwork.

8. Name brand products and customized orders
RimTyme customers are loyal in part because we have the brands they seek, the latest technology and the industry's best equipment. Additionally, with the autonomy RimTyme allows, franchisees can customize orders as required.

9. Up-to-date marketing
RimTyme's in-house marketing department has three full-time marketing and graphics professionals to work on effective marketing programs and spectacular graphics. Ads can be stock or customized. Marketing may create and develop direct mail marketing, broadcast media, web advertising, point of purchase display materials, promotional guides and calendars, yellow page advertising, on-hold advertising and much more.

10. Assigned support personnel
A franchise field consultant is assigned to each franchisee to lend support when needed. Franchisees are also assigned a purchasing professional who will handle any issues that arise in their inventory purchasing. Seasoned financial help is also available for advice or assistance with financial plans and cash flows.

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Finance Information

Investments: $321,288 – $684,410

Franchise fee: $25,000

Royalty fee: 4%

Minimum Cash: $200,000

Net Worth: $500,000

Training and Support

Before opening the store, you and your manager will complete our initial training program. We provide training instructors, facilities and training materials. We provide additional training on all new products and programs we introduce. We also provide in-store follow-up training. Training programs can also be tailored to the franchisee’s needs based on individual experience in the rent-to-own and automotive industries.

RimTyme franchises provide a full and complete line of custom wheel and tire products, offered to consumers under traditional retail sales programs and under rental purchase programs. RimTyme franchises also engage in retail sales of accessory products.

 

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Business Type

Franchise

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