ColorTyme Franchise News

April 25, 2012 // Franchising.com // PLANO, Texas – ColorTyme, Inc., the nation’s longest-running franchisor of independently owned-and-operated rent-to-own stores, announced today that it has hired Fred Mattox as Vice President and COO.
Mattox brings over 30 years of rent-to-own experience to his new position, in which he will serve as the head of ColorTyme’s Operations department. He will work with both franchisees and individual stores to maximize their operational efficiency.
“To have the opportunity to bring someone in like Fred who has both the experience in the industry and the knowledge of what it takes to be successful in the operations side of the business is very exciting for us,” said ColorTyme CEO Cathy Skula...

PLANO, TX--(Marketwire - Mar 13, 2012) - ColorTyme, Inc., the nation's oldest franchisor of independently owned-and-operated rent-to-own stores, announced today that industry veteran Clyde Stutzman has joined the organization as Franchise Development Manager.
Stutzman, who has over 15 years of experience in both franchising and the rent-to-own business, will be responsible for helping grow the ColorTyme store count by bringing on new franchise owners. He will work with both RTO professionals and entrepreneurs/investors and assist existing RTO operators who wish to convert their independent RTO stores to ColorTyme via a strategic conversion program.
"The addition of Clyde and his extensive knowledge of the industry to our Franchising team is another positive step for ColorTyme," said President and CEO Cathy Skula...

Chain adds new VP-level position as part of aggressive growth plan.
February 06, 2012 // Franchising.com // Dallas – Michael Landry has joined the ColorTyme organization as vice president of franchise sales. During the 2012 ColorTyme National Convention last week, CEO Cathy Skula announced an aggressive new growth plan and the company’s search to fill a brand new VP-level position, strategic to the plan’s execution.
“I am happy to say that the search is over. Mr. Landry has the perfect background and track record for this new position,” said Skula. ”He shares our vision for growth and has the necessary experience to make it happen. We are happy to welcome him to the ColorTyme family.”
Formerly the director of franchise development for CiCi’s Pizza and also having served Planet Beach Franchising in the same capacity, Landry brings over six years of franchise sales development to his new role at ColorTyme...

Al Coelho and Nathaniel Giannandrea team up in Children’s Hospital Patient Partner program.
February 01, 2012 // Franchising.com // PROVIDENCE, R.I. – For a third year in a row, Providence ColorTyme franchisee Al Coelho is partnering with a patient at Children’s Hospital Boston to raise money and awareness for the hospital.
Going the extra mile on April 16, Coelho will dedicate his 26-mile run of the Boston Marathon to the family of Nathaniel Giannandrea, a patient of Children’s Hospital Boston since the age of nine days old.
Nathaniel’s mom, Lia, learned that her son had cystic fibrosis when he was seven days old. Now two and a half years old, Nathaniel is no stranger to Children’s Hospital Boston, as it has played an enormous role in his care, says Lia...

‘Make It Happen’ concludes with Cajun dinner and festivities.
January 25, 2012 // Franchising.com // FRISCO, Texas  – Rent-to-own franchisor, ColorTyme, honored its top performers and recognized exceptional owner accomplishments yesterday at the 2012 National Convention. Mark and Tracy Childers received ColorTyme’s Franchisee of the Year Eagle Award, the highest honor bestowed by the chain.
“This is all I’ve ever done and all I ever plan to do,” said Childers. “I think this is one of the best times to be in the industry. It’s really positive. If you have one store, don’t sit on it. Open your second store. I feel great about our new president, Cathy, and her growth plan – nothing but positive...

Strategic plan for growth unveiled to demonstrate how ColorTyme will ‘Make It Happen’.
January 24, 2012 // Franchising.com // FRISCO, Texas – New ColorTyme CEO Cathy Skula delivered shock-and-awe punch to the kick off of the ColorTyme 2012 National Convention, themed Make It Happen, by rolling out a new strategic plan for growth that included lower fees.
A crowd of approximately 300 franchisees, operators and vendors listened silently and intensely, erupting periodically with bursts of applause and shouts of approval as Skula outlined a growth plan which entailed reducing the capital requirement by as much as $30,000 and reducing royalty fees from 5 percent to 4 percent, with a sliding scale that takes it as low as 2 percent...

Experienced rent-to-own professional plans ColorTyme expansion in the area.
January 20, 2012 // Franchising.com // ASHLAND, Ky. – Mike Courts is a rent-to-own professional who has, for years, wanted to own his own ColorTyme stores. After years of managing four stores for a competitor, Courts made his move at the beginning of this year. He opened his first ColorTyme at 5850 Route 60, Summit Plaza in Ashland, Ky.
“For quite some time I’ve known I wanted to do my own thing with ColorTyme,” said Courts. ”I’ve been in the industry for years and knew I wanted to be with this chain in this area. It’s exciting to introduce the brand here.”
Courts has future plans to open a total of four ColorTyme locations in Ohio, W...

Mark and Dawn Martin expand local rent-to-own services.
January 11, 2012 // Franchising.com // RALEIGH, N.C. – Four years after opening their first North Carolina rent-to-own store in Goldsboro, Mark and Dawn Martin have added another ColorTyme, this time in Raleigh.
Located at 3673 New Bern Ave, the new store will offer rent-to-own appliances, electronics and furniture to residents in the city’s central and eastern neighborhoods.
“We are so pleased to bring ColorTyme back to Raleigh,” said Mark Martin. ”Our store at 2600 E. Ash in Goldsboro is now very well established, and we knew there used to be a very successful store in this neighborhood in Raleigh. So, we’ve had our eyes open for a location for quite a while because we really wanted to serve this area...

December 21, 2011 // Franchising.com // PLANO, Texas – Colortyme, America’s oldest franchisor of independently owned-and-operated rent-to-own stores, today announced the appointment of Cathy Skula to president and CEO, effective January 1, 2012.
Reporting to Rent-A-Center President and Chief Operating Officer Mitch Fadel, Skula succeeds Bob Bloom who left Colortyme in October of this year. “Cathy brings a wealth of experience to a very important position,” said Fadel. “We’re excited about her new role.”
Most recently, Skula was division vice president at Rent-A-Center (NASDAQ: RCII), the world’s largest rent-to-own operator, of which Colortyme is an independent, wholly owned subsidiary...

Mountain Home Chamber of Commerce joined staff for ribbon cutting at relocated store
October 13, 2011 // Franchising.com // MOUNTAIN HOME, Idaho – ColorTyme of Mountain Home recently held a special Grand Re-Opening to celebrate its move to a new and larger location at 270 E. Jackson St. The Mountain Home Chamber of Commerce joined the owner, Jennifer Corrao, and store staff to commemorate the event with a ribbon-cutting ceremony.
“Our Grand Re-Opening was very successful thanks to the Mountain Home Chamber of Commerce and everyone who came out to support us at our new location,” said Corrao. “I enjoyed meeting many local business owners and managers at the ribbon cutting, and it was nice to visit with customers and introduce our services to new friends who turned out for refreshments, prizes and pictures...

Mark Childers accepts role as leader of Alaska Rental Dealers Association
October 07, 2011 // Franchising.com // ANCHORAGE, Alaska – There’s no rest for the weary as accomplished ColorTyme franchisee Mark Childers wraps up four years of service on the Franchise Advisory Council (FAC). Just as he completes his second and final year as FAC chairman, he accepts the position of president of the Alaska Rental Dealers Association (ARDA), a state-wide nonprofit trade organization.
“It’s a great honor and privilege for me to be elected as ARDA president. With my four-year stint on the ColorTyme FAC coming to an end, the timing couldn’t have been better,” said Childers. “I look forward to supporting rent-to-own interests legislatively and making the industry better for dealers and customers throughout the state...

Jeff and Jill Tepper return ColorTyme to South Boston bringing superior rent-to-own experience
October 03, 2011 // Franchising.com // SOUTH BOSTON, Va.– With success from their Lynchburg and Danville locations, Jeff and Jill Tepper recently opened the doors to their latest ColorTyme store in South Boston, Va. The new store offers a wide selection of appliances, furniture, computers and other electronics while promising customers the best rent-to-own experience in Halifax County.
″We are so excited to be able to serve people in our hometown of South Boston and give them a superior option in rent-to-own,″ said Jeff Tepper. ″Our customers are like family to us, and they deserve the best. That's why we make sure they always get the best when they walk into ColorTyme...

Rent-to-own franchise presents 60-inch HDTV and XBOX 360 to Stanley Baldwin
September 29, 2011 // Franchising.com // ELKTON, Md.– ColorTyme of Elkton recently awarded one lucky winner with giveaway prizes from a drawing held at the Downtown Elkton Classic Car Show. Stanley Baldwin was randomly picked as the winner of a new 60-inch DLP 3D-capable TV and XBOX 360 package.
"I feel great about winning the prizes. I plan on using them every day with my family and friends," said Baldwin. "I like ColorTyme for their great deals, and I would highly recommend the Elkton store."
ColorTyme of Elkton received close to 200 giveaway entries from residents in the area during three car show events. Angelo Lee, the store's manager, was happy to present the prizes and celebrate with Baldwin at the store...

Mark Childers expands rent-to-own services to city's east side, adds Regional Manager
September 26, 2011 // Franchising.com // ANCHORAGE, Alaska – Sept. 26, 2011 – Customers on the east side of Anchorage now have access to rent-to-own electronics, furniture, appliances, and other unique items right in their neighborhood thanks to Mark Childers, a franchisee who has been a part of the ColorTyme system for more than 25 years. In addition to expanding services in the area, Childers also promoted former Store Manager Ryan Michaelsen to Regional Manager of Alaska.
"We have so many customers on the east side of town, so when the opportunity was presented to open a store in the area, I jumped on it," said Childers. "Due to our recent growth, it made sense to add a Regional Manager who will be in charge of our four Alaskan stores...

Cort Hill brings better sales-and-lease experience to Wilmington with plans to expand
September 23, 2011 // Franchising.com // WILMINGTON, Del. – Sept. 23, 2011 – After more than seven years of success as a ColorTyme franchising partner, Cort Hill recently launched his own store in Wilmington with hopes of opening more in the area. The new ColorTyme offers a better sales-and-lease option featuring name-brand appliances, furniture, electronics as well as onsite assistance from the owner himself.
″Wilmington is a great place for ColorTyme, and I hope to expand with multiple locations to serve even more people in the area,″ he said. ″I think everyone here is excited to experience the ColorTyme difference in our products, prices and service...

Local rent-to-own store donates more than $2,800 in home furnishings for the Jim White House Project
WASILLA, AK – Sept. 13, 2011 – After learning that local resident Jim White and his family of four were living in a trailer on the verge of collapse, a community-wide effort began to improve their living conditions through the Jim White House Project. Thanks to the help of ColorTyme, Mat-Su Home Builders Association, United Protestant Church, along with the support of numerous other local businesses and individuals, the White family recently moved into a new home just in time for winter.
Custom built with wider-than-standard doorways, the new home is adapted to accommodate special needs for wheelchair-bound Jim White, whose legs were amputated due to peripheral artery disease...

Mike Do and David Rogers expand local rent-to-own services August 16, 2011 // Franchising.com // HOUSTON – Just three months after opening their first rent-to-own store, owners Mike Do and David Rogers have added another ColorTyme to the Houston area. The new location will offer rent-to-own appliances, electronics and furniture to residents in the city's southwest region.

"We are thrilled to open another ColorTyme in Houston. After the successful opening of our store on 1808 Wirt Road, we wanted to extend the savings and specials to more customers across town," said Do. "Houston is a large city, so it just made sense to open another location. Now more people who have heard about our great products and prices can enjoy having a ColorTyme close by...

Manager Justin Jordan Opens Local Rent-to-Own Franchise FORT WORTH, TX--(Marketwire) - Fort Worth residents can enjoy ColorTyme once again thanks to Justin Jordan, the new store's manager and operating partner. With 10 years of industry experience and a former manager of rent-to-own stores in Lubbock, College Station, Comanche and Eastland, Texas, Jordan is thrilled to open the doors of his first ColorTyme.

"I've always wanted to run a store of my own, and I feel that ColorTyme is the perfect fit for me," said Jordan. "I really like the local, hometown feel that comes with the ColorTyme brand, and I know our customers will too."

The new store, located at 9116 Camp Bowie West Blvd., offers a wide selection of furniture, appliances, computers, electronics and more...

Owner Shawn DiLeo moves store to larger location, plans to add payday loans July 18, 2011 // Franchising.com // LEXINGTON, KY – An updated look is not all that's new for the local ColorTyme rent-to-own store. Now located at 1315 Winchester Rd., the store occupies a larger space to provide a greater mix of products and services for Lexington residents.

"By relocating the store, our goal is to expand on the quantity of brand-name products at the best price that we can give our customers. A larger space will also allow us to offer other services such as payday loans," said Shawn DiLeo, the store's owner.

On top of offering the latest in name-brand appliances, furniture and electronics, ColorTyme provides convenient payment options without a credit check...

KEYH 850 AM – La Ranchera radio, residents and staff celebrate store's opening June 29, 2011 // Franchising.com // HOUSTON – The recent Houston ColorTyme Grand Opening was more than just an afternoon of family fun and games. Saturday's event marked a new locally-owned rent-to-own option for residents and introduced the store's customer-focused owners and staff.

"We had a great turnout for our Grand Opening, and we'd like to thank everyone who came out to welcome us into the neighborhood," said David Rogers, one of the store's owners. "We are proud to be from this area and now have the opportunity to give back with budget-products and services for Houston families."

ColorTyme's Grand Opening event gave attendees a chance to browse the new store located at 1808 Wirt road while enjoying activities for all ages, free food and refreshments...