PLANO, Texas, Jan. 21, 2010 – ColorTyme presented its highest annual honor, the Eagle Award, to Gary Hughes, the majority partner in several franchise ventures (informally, the Hughes Group), at the conclusion of its 2010 National Convention in Frisco, Texas. The company recognized the Hughes Group and other top franchisees with more than 115 awards over the span of the two-day Convention.
The Hughes Group was recognized for the Eagle Award with an impressive resume. Franchisee of 12 ColorTyme stores, Hughes has consistently ranked in the top tier of financial performance and demonstrates leadership by serving on the company’s Franchise Advisory Council. In the community, Gary Hughes and his team are major sponsors for local organizations and annually helps send 300 “ColorTyme Kids” to the Boys and Girls Club summer camp. In addition to receiving the Eagle Award this year, the Hughes Group held the number one spot in ColorTyme’s “Top 10” franchise category for 2009.
“Big 5” members were also announced, giving recognition to those who strived to build a multi-store business. With 40 ColorTyme locations throughout Texas and New Mexico and the highest total annual revenue for all franchised stores, the number one ranking in the “Big 5” was presented to Owner Mike Harwood and President Chris Higgs of TLH Enterprises.
In another category, Steve Dwyer was named ColorTyme’s New Franchisee of the Year. Dwyer, who had no prior rent-to-own experience, opened his store in Waterbury, Conn. in August 2008. Despite being new to the industry, Dwyer achieved outstanding revenue in the first year of operation and was also recognized by ColorTyme as a “Silver Club” member for 2009. In addition to a strong revenue showing, Dwyer’s community and industry involvement shows how he encompasses the corporate motto of “People Helping People”.
The two-day National Convention featured keynote and seminar speakers Kelly McDonald and Steve Bryant, roundtable discussions with franchise owners and store managers, a legislative update, and the always popular State of the Industry Address from Mitch Fadel, president and COO of Rent-A-Center.
About ColorTyme
ColorTyme, Inc., founded in 1979, is America’s oldest franchisor of independently owned-and-operated rent-to-own stores. ColorTyme franchisees operate 195 rent-to-own stores in 33 states, and the company’s custom-wheels-and-tires franchise brand, RimTyme, operates 24 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).
