Rent-A-Center FDD – Franchise Information, Costs and Fees
Type of Business
The franchises described in this Disclosure Document are for rental businesses which provide “rental purchase” programs for a specialized inventory of rental products, such as major consumer electronics, appliances, furniture, computers, tires and jewelry, as well as the sale of related accessories. In addition, in states with favorable laws, a small number of our Rental Stores offer financial services, including payday loans and title loans.
Corporate Information
Rent-A-Center Franchising International, Inc., formerly known as ColorTyme, Inc., was originally incorporated in Texas on December 15, 1980. In May 1996, ColorTyme, Inc. merged into CT Acquisition Corporation, a newly-formed, wholly-owned subsidiary of Renters Choice, Inc. On the date of the merger, CT changed its name to ColorTyme, Inc. On August 8, 2013, they changed their name to Rent-A-Center Franchising International, Inc. Their principal business address is 5501 Headquarters Drive, Plano, Texas, 75024. They have offered franchises for a similar business under the name “ColorTyme” since June 1996.
Investment
The total investment necessary to begin operation of a new Rent-A-Center Rental Store ranges from $355,268 to $560,225. This amount includes $120,000 to $150,200 payable to the franchisor or an affiliate. The total investment necessary to convert a ColorTyme franchise to a Rent-A-Center Rental Store ranges from $96,000 to $213,100. This amount includes $47,000 to $99,500 payable to the franchisor or an affiliate. The total
investment necessary to enter into a development agreement to open 2-4 Rental Stores is $370,268 to $560,225. This amount includes $50,000 to $80,700 payable to the franchisor prior to opening the first Rental Store under your Development Agreement.
View the 2020 Rent-A-Center FDD