ColorTyme recognized as an AllBusiness AllStar Franchise for 2011
Rent-to-own brand distinguished as a top franchising opportunity for second consecutive year
March 04, 2011 // Franchising.com // PLANO, Texas – ColorTyme, the nation's oldest rent-to-own franchisor, was chosen again this year as a "best of the best" business opportunity in the 2011 AllBusiness AllStar ranking. Backed by analysis from parent company Dun & Bradstreet, AllBusiness assesses the strengths of more 800 franchising companies and ranks the top 300 based upon criteria including unit growth rate, availability of financing and brand visibility.
In business since 1979 and franchising since 1981, ColorTyme was chosen for many positive characteristics including longevity, system size, flexible merchandise buying programs, and an annual rise in financial strength. In addition, AllBusiness praised ColorTyme for offering financing for more than 15 years and continuing its funding for start-up and ongoing inventory needs through a new program with a major third-party lender.
This is the second consecutive year that ColorTyme has ranked since the AllStar Franchises listing debuted in 2009. Bob Bloom, CEO and president of ColorTyme, is pleased to see the brand among other top franchises.
"Being named in such a prominent list confirms ColorTyme's reputation as a trusted franchise and highlights the value for individuals who are looking for a rewarding opportunity," he said. "With a focus on financing and comprehensive support, we are committed to helping our franchisees grow their business."
To view the complete list of 2011 AllBusiness AllStar Franchises, please visit: http://www.allbusiness.com/allstar-franchises.
ColorTyme, Inc., founded in 1979, is America's oldest franchisor of independently owned-and-operated rent-to-own stores. ColorTyme franchisees operate 191 rent-to-own stores in 33 states, and the company's custom-wheels-and-tires franchise brand, RimTyme, operates 21 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).