June 04, 2013 // Franchising.com // PLANO, Texas – ColorTyme, Inc., the nation’s first franchisor of independently owned-and-operated rent-to-own stores, announced today that award-winning rent-to-own professional Louis Bacile has become a new franchisee with the company.
A 30-year veteran in the rent-to-own industry, Bacile was honored with the 2012 Most Improved State Association Award from APRO, the rent-to-own industry’s premier governing and regulating organization, for his work as President of the Louisiana Rental Dealers Association.
“Louis is a respected and well-known RTO professional, and we are thrilled to have him come on board with ColorTyme,” said company CEO Cathy Skula. ” “We look forward to helping him achieve his short and long-term goals.”
Bacile plans on opening multiple locations in the coming years with ColorTyme, developing within the Mississippi and southern Louisiana regions. He is currently preparing his initial ColorTyme store, scheduled to open its doors later this year.
“I am looking forward to working with everyone at ColorTyme moving forward,” Bacile said. “They are a company who has a bright future ahead, especially in helping grow RTO in my area.”
ColorTyme, Inc., founded in 1979, is America’s first franchisor of independently owned-and-operated rent-to-own stores. ColorTyme franchisees operate 194 rent-to-own stores in 33 states, and the company’s custom-wheels-and-tires franchise brand, RimTyme, operates 25 stores in 10 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).
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