Start-Up Costs and Fees |
||
| Batteries Plus Bulbs | ColorTyme | |
| Investment | 201450 - 385230 | 229575 - 357500 |
| Franchise Fee | 0 | |
| Royalty Fee | 5% | 4% |
| Advertising Fee | 1% | $250/ mo |
| Year Founded | 1988 | 1979 |
| Year Franchised | 1992 | 1982 |
| Term Of Agreement | ||
| Term Of Agreement | ||
| Renewal Fee | ||
Business Experience Requirements |
||
| Batteries Plus Bulbs | ColorTyme | |
| Experience | General business experience Marketing skills People skills | ? Business Experience: ? Industry experience ? General business experience ? Marketing skills |
Financing Options |
||
| Batteries Plus Bulbs | ColorTyme | |
| Franchise Fees | No | No |
| Start-up Costs | Yes | Yes |
| Equipment | Yes | Yes |
| Inventory | Yes | Yes |
| Receivables | No | Yes |
| Payroll | No | Yes |
Training & Support |
||
| Batteries Plus Bulbs | ColorTyme | |
| Training | Periodic store visits & regional meetings On-The-Job Training: 84 Classroom Training: 168 Additional Training: Ongoing | 4 Weeks |
| Support | National Account Sales Program With Standardized Pricing, On-line Order Capabilities, E-commerce, Real Estate & Store Design Support, On-going Field Support, Product Call Center, Intranet Site plus: Purchasing Co-ops Meetings/Conventions Toll-Free Line Grand Opening Online Support Security/Safety Procedures Field Operations Site Selection Proprietary Software Franchisee Intranet Platform | 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 | Co-op Advertising Ad Templates Regional Advertising Social media SEO Email marketing | *National Advertising *Regional Advertising *Local Advertising *Marketing Materials *Additional Services: customized ads *Other Marketing Support |
| Operations | 62% of all franchisees own more than one unit Number of employees needed to run franchised unit: 4 Absentee ownership of franchise is allowed. | ? 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 |
||
| Batteries Plus Bulbs | ColorTyme | |
| US Expansion | 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 | 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 | |
| Batteries Plus Bulbs | |
| ColorTyme | |
| Franchise Fee | |
| Batteries Plus Bulbs | |
| ColorTyme | |
| Royalty Fee | |
| Batteries Plus Bulbs | 5% |
| ColorTyme | 4% |
| Advertising Fee | |
| Batteries Plus Bulbs | 1% |
| ColorTyme | $250/ mo |
| Year Founded | |
| Batteries Plus Bulbs | 1988 |
| ColorTyme | 1979 |
| Year Franchised | |
| Batteries Plus Bulbs | 1992 |
| ColorTyme | 1982 |
| Term Of Agreement | |
| Batteries Plus Bulbs | 10 years |
| ColorTyme | 5-10 years |
| Renewal Fee | |
| Batteries Plus Bulbs | 20% of franchise fee |
| ColorTyme | |
Business Experience Requirements |
|
| Experience | |
| Batteries Plus Bulbs | General business experience Marketing skills People skills |
| ColorTyme | ? Business Experience: ? Industry experience ? General business experience ? Marketing skills |
Financing Options |
|
| Franchise Fees | |
| Batteries Plus Bulbs | No |
| ColorTyme | No |
| Start-up Costs | |
| Batteries Plus Bulbs | |
| ColorTyme | |
| Equipment | |
| Batteries Plus Bulbs} | |
| ColorTyme | |
| Inventory | |
| Batteries Plus Bulbs | |
| ColorTyme | |
| Receivables | |
| Batteries Plus Bulbs | |
| ColorTyme | |
| Payroll | |
| Batteries Plus Bulbs | |
| ColorTyme | |
Training & Support |
|
| Training | |
| Batteries Plus Bulbs | Periodic store visits & regional meetings On-The-Job Training: 84 Classroom Training: 168 Additional Training: Ongoing |
| ColorTyme | 4 Weeks |
| Support | |
| Batteries Plus Bulbs | National Account Sales Program With Standardized Pricing, On-line Order Capabilities, E-commerce, Real Estate & Store Design Support, On-going Field Support, Product Call Center, Intranet Site plus: Purchasing Co-ops Meetings/Conventions Toll-Free Line Grand Opening Online Support Security/Safety Procedures Field Operations Site Selection Proprietary Software Franchisee Intranet Platform |
| 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 | |
| Batteries Plus Bulbs | Co-op Advertising Ad Templates Regional Advertising Social media SEO Email marketing |
| ColorTyme | *National Advertising *Regional Advertising *Local Advertising *Marketing Materials *Additional Services: customized ads *Other Marketing Support |
| Operations | |
| Batteries Plus Bulbs | 62% of all franchisees own more than one unit Number of employees needed to run franchised unit: 4 Absentee ownership of franchise is allowed. |
| 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 | |
| Batteries Plus Bulbs | 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 |
| 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 | |
| Batteries Plus Bulbs | 0 |
| ColorTyme | |
| International Expansion | |
| Batteries Plus Bulbs | |
| ColorTyme | |