Start-Up Costs and Fees |
||
| Furniture Warehouse Outlet | ColorTyme | |
| Investment | 369500 - 654500 | 229575 - 357500 |
| Franchise Fee | 0 | |
| Royalty Fee | 6% | 4% |
| Advertising Fee | 3% | $250/ mo |
| Year Founded | 0 | 1979 |
| Year Franchised | 0 | 1982 |
| Term Of Agreement | ||
| Term Of Agreement | ||
| Renewal Fee | ||
Business Experience Requirements |
||
| Furniture Warehouse Outlet | ColorTyme | |
| Experience | ? Business Experience: ? Industry experience ? General business experience ? Marketing skills | |
Financing Options |
||
| Furniture Warehouse Outlet | ColorTyme | |
| Franchise Fees | No | |
| Start-up Costs | Yes | |
| Equipment | Yes | |
| Inventory | Yes | |
| Receivables | Yes | |
| Payroll | Yes | |
Training & Support |
||
| Furniture Warehouse Outlet | ColorTyme | |
| Training | We provide you an initial training program that covers material aspects of the operation of the franchised business. This training is offered on an as needed basis at our headquarters in Taylorsville, Utah, or another location we designate. You must designate a manger for the franchised business and he or she must satisfactorily complete the initial training approximately 8 weeks before the opening of the franchised business. One assistant of your choosing may also attend at your option. We expect that your attendees will advance through the training program at different rates depending on a variety of factors, including background and experience. | 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 | A Furniture Warehouse Outlet franchise will offer furniture, furnishings, both new and quality consigned, and mattresses and other home furnishings. | ? 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 |
||
| Furniture Warehouse Outlet | ColorTyme | |
| US Expansion | Utah | 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 | |
| Furniture Warehouse Outlet | |
| ColorTyme | |
| Franchise Fee | |
| Furniture Warehouse Outlet | |
| ColorTyme | |
| Royalty Fee | |
| Furniture Warehouse Outlet | 6% |
| ColorTyme | 4% |
| Advertising Fee | |
| Furniture Warehouse Outlet | 3% |
| ColorTyme | $250/ mo |
| Year Founded | |
| Furniture Warehouse Outlet | 0 |
| ColorTyme | 1979 |
| Year Franchised | |
| Furniture Warehouse Outlet | 0 |
| ColorTyme | 1982 |
| Term Of Agreement | |
| Furniture Warehouse Outlet | 10 years |
| ColorTyme | 5-10 years |
| Renewal Fee | |
| Furniture Warehouse Outlet | 20% of current franchise fee |
| ColorTyme | |
Business Experience Requirements |
|
| Experience | |
| Furniture Warehouse Outlet | |
| ColorTyme | ? Business Experience: ? Industry experience ? General business experience ? Marketing skills |
Financing Options |
|
| Franchise Fees | |
| Furniture Warehouse Outlet | |
| ColorTyme | |
| Start-up Costs | |
| Furniture Warehouse Outlet | |
| ColorTyme | |
| Equipment | |
| Furniture Warehouse Outlet} | |
| ColorTyme | |
| Inventory | |
| Furniture Warehouse Outlet | |
| ColorTyme | |
| Receivables | |
| Furniture Warehouse Outlet | |
| ColorTyme | |
| Payroll | |
| Furniture Warehouse Outlet | |
| ColorTyme | |
Training & Support |
|
| Training | |
| Furniture Warehouse Outlet | We provide you an initial training program that covers material aspects of the operation of the franchised business. This training is offered on an as needed basis at our headquarters in Taylorsville, Utah, or another location we designate. You must designate a manger for the franchised business and he or she must satisfactorily complete the initial training approximately 8 weeks before the opening of the franchised business. One assistant of your choosing may also attend at your option. We expect that your attendees will advance through the training program at different rates depending on a variety of factors, including background and experience. |
| ColorTyme | 4 Weeks |
| Support | |
| Furniture Warehouse Outlet | |
| 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 | |
| Furniture Warehouse Outlet | |
| ColorTyme | *National Advertising *Regional Advertising *Local Advertising *Marketing Materials *Additional Services: customized ads *Other Marketing Support |
| Operations | |
| Furniture Warehouse Outlet | A Furniture Warehouse Outlet franchise will offer furniture, furnishings, both new and quality consigned, and mattresses and other 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 | |
| Furniture Warehouse Outlet | Utah |
| 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 | |
| Furniture Warehouse Outlet | |
| ColorTyme | |
| International Expansion | |
| Furniture Warehouse Outlet | |
| ColorTyme | |