Start-Up Costs and Fees |
||
| Buddy's Home Furnishings | ColorTyme | |
| Investment | 385166 - 912594 | 229575 - 357500 |
| Franchise Fee | 0 | |
| Royalty Fee | 6% | 4% |
| Advertising Fee | $500/mo. | $250/ mo |
| Year Founded | 1965 | 1979 |
| Year Franchised | 2007 | 1982 |
| Term Of Agreement | ||
| Term Of Agreement | ||
| Renewal Fee | ||
Business Experience Requirements |
||
| Buddy's Home Furnishings | ColorTyme | |
| Experience | ? Business Experience: ? Industry experience ? General business experience ? Marketing skills | |
Financing Options |
||
| Buddy's Home Furnishings | ColorTyme | |
| Franchise Fees | No | |
| Start-up Costs | Yes | |
| Equipment | Yes | |
| Inventory | Yes | |
| Receivables | Yes | |
| Payroll | Yes | |
Training & Support |
||
| Buddy's Home Furnishings | ColorTyme | |
| Training | On-The-Job Training: 60+ hours Classroom Training: Up to 42 hours | 4 Weeks |
| Support | Purchasing Co-ops Newsletter Meetings/Conventions Grand Opening Online Support Security/Safety Procedures Field Operations Site Selection 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 Website development Email marketing Loyalty program/app | *National Advertising *Regional Advertising *Local Advertising *Marketing Materials *Additional Services: customized ads *Other Marketing Support |
| Operations | ? 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 |
||
| Buddy's Home Furnishings | 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 | ||
| International Expansion |
Start-Up Costs and Fees Mobile |
|
| Investment | |
| Buddy's Home Furnishings | |
| ColorTyme | |
| Franchise Fee | |
| Buddy's Home Furnishings | |
| ColorTyme | |
| Royalty Fee | |
| Buddy's Home Furnishings | 6% |
| ColorTyme | 4% |
| Advertising Fee | |
| Buddy's Home Furnishings | $500/mo. |
| ColorTyme | $250/ mo |
| Year Founded | |
| Buddy's Home Furnishings | 1965 |
| ColorTyme | 1979 |
| Year Franchised | |
| Buddy's Home Furnishings | 2007 |
| ColorTyme | 1982 |
| Term Of Agreement | |
| Buddy's Home Furnishings | |
| ColorTyme | 5-10 years |
| Renewal Fee | |
| Buddy's Home Furnishings | |
| ColorTyme | |
Business Experience Requirements |
|
| Experience | |
| Buddy's Home Furnishings | |
| ColorTyme | ? Business Experience: ? Industry experience ? General business experience ? Marketing skills |
Financing Options |
|
| Franchise Fees | |
| Buddy's Home Furnishings | |
| ColorTyme | |
| Start-up Costs | |
| Buddy's Home Furnishings | |
| ColorTyme | |
| Equipment | |
| Buddy's Home Furnishings} | |
| ColorTyme | |
| Inventory | |
| Buddy's Home Furnishings | |
| ColorTyme | |
| Receivables | |
| Buddy's Home Furnishings | |
| ColorTyme | |
| Payroll | |
| Buddy's Home Furnishings | |
| ColorTyme | |
Training & Support |
|
| Training | |
| Buddy's Home Furnishings | On-The-Job Training: 60+ hours Classroom Training: Up to 42 hours |
| ColorTyme | 4 Weeks |
| Support | |
| Buddy's Home Furnishings | Purchasing Co-ops Newsletter Meetings/Conventions Grand Opening Online Support Security/Safety Procedures Field Operations Site Selection 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 | |
| Buddy's Home Furnishings | Co-op Advertising Ad Templates Regional Advertising Social media SEO Website development Email marketing Loyalty program/app |
| ColorTyme | *National Advertising *Regional Advertising *Local Advertising *Marketing Materials *Additional Services: customized ads *Other Marketing Support |
| Operations | |
| Buddy's Home Furnishings | |
| 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 | |
| Buddy's Home Furnishings | 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 | |
| Buddy's Home Furnishings | |
| ColorTyme | |
| International Expansion | |
| Buddy's Home Furnishings | |
| ColorTyme | |