January 28, 2011 // Franchising.com // PLANO, Texas – The ColorTyme Franchise Advisory Council (FAC) serves as a critical link between franchisees and the corporate management team. Following the conclusion of another successful ColorTyme National Convention, FAC members met at the corporate headquarters Wednesday to address important business topics and offer ideas on strengthening the rent-to-own franchise brand.
The meeting opened with a discussion between FAC members and ColorTyme corporate executives that covered upcoming projects, new revenue programs and the yearly advertising fund budget. Continuing the conversation into the afternoon, the FAC provided feedback from owners and reviewed the 2011 National Convention, a 2-day event ending Tuesday which featured industry speakers, award presentations and a buying show.
Vice President of Operations for ColorTyme, Albert Kohut, felt the meeting was productive in sharing and gaining information.
"I don't think it could have gone any better. We consult with the FAC on a wide range of topics and appreciate their incredibly valuable input," he said. "I always look forward to our meetings because it gives the corporate staff insight on how our franchisees feel and what issues they are dealing with. Understanding the areas where the most support is needed helps us serve our owners more effectively."
Currently, the board consists of 10 members each representing five or six franchisee constituents. Members are: Mark Childers, Jim Conyers, Steve Dwyer, Bruce Emory, John Fornero, Louis Hall, Chris Higgs, Ron Koller, John Prothro and George Wilson.
The ColorTyme FAC system has been in place for more than 20 years. The group will hold elections for new board members next month.
ColorTyme, Inc., founded in 1979, is America's oldest franchisor of independently owned-and-operated rent-to-own stores. ColorTyme franchisees operate 190 rent-to-own stores in 33 states, and the company's custom-wheels-and-tires franchise brand, RimTyme, operates 20 stores in 11 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).