Start-Up Costs and Fees |
||
| Flexsmart Office Interiors | ColorTyme | |
| Investment | 225000 - 350000 | 229575 - 357500 |
| Franchise Fee | 0 | |
| Royalty Fee | 4% | |
| Advertising Fee | $250/ mo | |
| Year Founded | 2001 | 1979 |
| Year Franchised | 2006 | 1982 |
| Term Of Agreement | ||
| Term Of Agreement | ||
| Renewal Fee | ||
Business Experience Requirements |
||
| Flexsmart Office Interiors | ColorTyme | |
| Experience | ? Business Experience: ? Industry experience ? General business experience ? Marketing skills | |
Financing Options |
||
| Flexsmart Office Interiors | ColorTyme | |
| Franchise Fees | No | |
| Start-up Costs | Yes | |
| Equipment | Yes | |
| Inventory | Yes | |
| Receivables | Yes | |
| Payroll | Yes | |
Training & Support |
||
| Flexsmart Office Interiors | ColorTyme | |
| Training | 4 Weeks | |
| Support | 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 | *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 |
||
| Flexsmart Office Interiors | 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 | |
| Canada Expansion | Nationwide, Alberta, British Columbia, Manitoba, New Brunswick, Newfoundland, Northwest Territories, Nova Scotia, Nunavut, Ontario, Prince Edward Island, Quebec, Saskatchewan, Yukon Territory | |
| International Expansion |
Start-Up Costs and Fees Mobile |
|
| Investment | |
| Flexsmart Office Interiors | |
| ColorTyme | |
| Franchise Fee | |
| Flexsmart Office Interiors | |
| ColorTyme | |
| Royalty Fee | |
| Flexsmart Office Interiors | |
| ColorTyme | 4% |
| Advertising Fee | |
| Flexsmart Office Interiors | |
| ColorTyme | $250/ mo |
| Year Founded | |
| Flexsmart Office Interiors | 2001 |
| ColorTyme | 1979 |
| Year Franchised | |
| Flexsmart Office Interiors | 2006 |
| ColorTyme | 1982 |
| Term Of Agreement | |
| Flexsmart Office Interiors | |
| ColorTyme | 5-10 years |
| Renewal Fee | |
| Flexsmart Office Interiors | |
| ColorTyme | |
Business Experience Requirements |
|
| Experience | |
| Flexsmart Office Interiors | |
| ColorTyme | ? Business Experience: ? Industry experience ? General business experience ? Marketing skills |
Financing Options |
|
| Franchise Fees | |
| Flexsmart Office Interiors | |
| ColorTyme | |
| Start-up Costs | |
| Flexsmart Office Interiors | |
| ColorTyme | |
| Equipment | |
| Flexsmart Office Interiors} | |
| ColorTyme | |
| Inventory | |
| Flexsmart Office Interiors | |
| ColorTyme | |
| Receivables | |
| Flexsmart Office Interiors | |
| ColorTyme | |
| Payroll | |
| Flexsmart Office Interiors | |
| ColorTyme | |
Training & Support |
|
| Training | |
| Flexsmart Office Interiors | |
| ColorTyme | 4 Weeks |
| Support | |
| Flexsmart Office Interiors | |
| 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 | |
| Flexsmart Office Interiors | |
| ColorTyme | *National Advertising *Regional Advertising *Local Advertising *Marketing Materials *Additional Services: customized ads *Other Marketing Support |
| Operations | |
| Flexsmart Office Interiors | |
| 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 | |
| Flexsmart Office Interiors | |
| 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 | |
| Flexsmart Office Interiors | Nationwide, Alberta, British Columbia, Manitoba, New Brunswick, Newfoundland, Northwest Territories, Nova Scotia, Nunavut, Ontario, Prince Edward Island, Quebec, Saskatchewan, Yukon Territory |
| ColorTyme | |
| International Expansion | |
| Flexsmart Office Interiors | |
| ColorTyme | |