January 22, 2014 // Franchising.com // FRISCO, Texas – Following an evening of celebrations and recognition for outstanding franchisees, Rent-A-Center Franchising International, Inc. ("RACFI", formerly "ColorTyme, Inc.") continued its 2014 National Convention on Tuesday, Jan. 21 with general sessions and a buying show for its Rent-A-Center and RimTyme franchisees.
"We are thrilled with the foundation of Rent-A-Center franchisees formed by many former franchisees of the ColorTyme brand," said Rent-A-Center Franchising International, Inc. Senior Vice President Cathy Skula. "We will now focus on moving forward with our growth plans, and know that both investors and rent-to-own industry veterans alike will be excited about joining the number one brand in RTO."
Presentations from RACFI and Rent-A-Center Corporate personnel highlighted the general session, with discussions surrounding support information for franchisees and growth plans for these brands.
Franchise growth is expected to be achieved by a combination of new investor groups and the addition of locations by current franchisees. The company also believes independent RTO dealers may have interest in converting to the Rent-A-Center brand.
Awards were given to both Rent-A-Center and RimTyme locations for outstanding operational performance, in addition to recognition for franchisee success in 2013 for both brands.
Wednesday will bring a close to the Convention with an operational meeting and Q&A session for franchisees with members of the Rent-A-Center Corporate team providing additional information about the support they will receive moving forward as RAC franchisees.
Rent-A-Center Franchising International, Inc. (formerly ColorTyme, Inc.), founded in 1979, is America’s first franchisor of independently owned-and-operated rent-to-own stores. Its franchisees operate 179 rent-to-own stores in 33 states under the Rent-A-Center and ColorTyme brand names, and the company’s custom-wheels-and-tires franchise brand, RimTyme, operates 26 stores in 10 states. For more information on how to become a Rent-A-Center Franchising International franchisee, visit www.rentacenterfranchising.com.
SOURCE Rent-A-Center Franchising International
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