April 26, 2010 // Franchising.com // PHOENIX, Ariz. – Once a ColorTyme manager, Daryck Fuqua recently became a franchisee with the opening of his new store in Phoenix, Ariz. Offering the convenience and affordability of rent-to-own, the new 4,800 square-foot store marks Fuqua's success at achieving a long-term goal.
"Opening a ColorTyme franchise has always been one of my dreams ever since I started working there," said Fuqua. "I'm looking forward to making ColorTyme a premier one-stop shop by guaranteeing customers a high level of service and a large selection of products."
The new ColorTyme store offers top rent-to-own merchandise, including a vast selection of furniture, appliances, computers and electronics. Fuqua, who has 20 years of experience in the rent-to-own industry, said opening the Phoenix rent-to-own store is only the beginning.
"Phoenix is a great location for ColorTyme," he said. "I intend to develop other ColorTyme stores in the area as well as expand into other states."
The new ColorTyme, located at 3579 West Northern Ave., is scheduled to celebrate its grand opening on May 1. Phoenix residents can enjoy free food, entertainment and giveaways including a 50-inch plasma TV.
In addition, Fuqua is pleased to announce his new partnership with the Tumbleweed Center for Youth Development in Phoenix. Tumbleweed was founded in 1972 to provide emergency shelter and services for runaway and at-risk youth in the community. Fuqua is committed to providing ongoing support and advocacy for Tumbleweed Center for Youth Development. He will make a donation to Tumbleweed at the ColorTyme grand opening event.
ColorTyme, Inc., founded in 1979, is America's oldest franchisor of independently owned-and-operated rent-to-own stores. ColorTyme franchisees operate 194 rent-to-own stores in 34 states, and the company's custom-wheels-and-tires franchise brand, RimTyme, operates 24 stores in 12 states. ColorTyme is headquartered in Plano, Texas, and is an independent, wholly owned subsidiary of the largest RTO company in the world, Rent-A-Center (NASDAQ: RCII).