RimTyme Franchise Information
RimTyme is a franchise for a rent-to-own business that customizes wheels and tires. It was founded in 2005 and started franchising in 2007. Their parent company is ColorTyme.
Their mission is to serve their franchisees and their franchisees mission is to serve their customers. They say that until today, they still live by these principles. An important factor that they provide their franchisees the flexibility to operate independently as business people while using the brand and still having the benefits of being in the system.
They are associated with the Association of Progressive Rental Organizations, Kids Across America, U.S. Small Business Administration, The Rental Industry Buying Group, International Franchise Association, and Specialty Equipment Market Association. They now have 20 locations in the United States and one location that is owned and operated by the company.
What services and products do they offer at RimTyme?
They guarantee that when you enter their shop, you’ll find something that fits your car. If you don’t, they will give you a $50 discount. For Tires, they have brands like Nitto, Falken, Kumho, BFGoodrich, Sumitomo, and Pirelli. For Wheels, they have brands like Akita Racing, Bigg Wheels, Kasino Alloys, Mezzano, Miror, KMC Wheels, DIP, Mazzi, MPW, Sacchi, Veloche, Black Ice, H, Lexani, Lorenzq, OE Creations, Radd Alloys, ROX, XD Series, and ion Alloy Wheels. After you select what you want to install on your car, you will just have to sit and wait. They do not charge for the installation. They have a waiting lounge with a flat screen TV and you can watch a show and have refreshments.
RimTyme use a state-of-the-art tire changer equipment for the balancing of balance wheels. They also offer several payment options. They offer lease ownerships or 90 or 120 day cash options. They say that they do not do credit checks and no obligations. If the customer loses his job or he will no longer be able to pay for it, he can return the product and they can stop making payments. Another free service is the balancing and rotating of new tires at any time that the customer would need it. They offer nitrogen fill which helps you use your tires to the most of its capacity. Using nitrogen fill also helps you save on gas.
Cost and requirements on running a RimTyme franchise
You need to have a net worth of $350,000 and a total liquid asset of at least $120,000 to $160,000. Expect to be investing about $503,000 to $871,000. The cost of RimTyme franchise fee is $25,000 with an on-going royalty fee of 5%. Their term of agreement is not renewable.
RimTyme Contact Details
You may reach them at:
Address: 5000 Legacy Dr. #210 Plano, TX 75024
Phone: (972) 403-4905