VersiRentVersiRent
Mandatorys, collections, automated inventory audits, employee time recording, data transaction audits, security passwords and reports. You must utilize the services of Ideal to install the VersiRent Point-of-S
From the filings
HQ-led decisions
RimTyme
Automotive servicesRimTyme mandates VersiRent system-wide and requires computer hardware and software to come from approved suppliers only. Across 29 units under Upbound Group ownership — alongside sibling brands Rent-A-Center and ColorTyme — software purchasing runs through a five-person leadership team led by Corporate Director Mitchell E. Fadel.
For software vendors selling into US franchise brands.
Live signals
Total units
29
29 franchised
Unit growth YoY
-23.684%
vs prior filing
AUV
—
Item 19, 2025
Royalty
5%
of gross sales
Ad fund
3%
national + local
Initial fee
$25K
per unit
Investment range
$473K–$802K
all-in, Item 7
Procurement
Approved supplier
from the filing
Non-compete
2 years
from the filing
Item 19
No claims
from the filing
Ongoing fee load
What the operator pays every month
The recurring percentage of gross sales named in this filing, before rent, labour or any technology fee.
8%of gross sales (FY2025)
15% reference
Mandated & recommended tech
The systems vendors compete with
1 of these are mandated in the franchise agreement. Each is named in Item 11 of the filing, the incumbents a challenger must displace or integrate with.
FacebookMeta
profile(s) using or relating to the Proprietary Marks, or that display the Proprietary Marks, that are maintained on social media outlets, including without limitation Instagram, Facebook and Twitter
FranConnectFranConnect
FDD otherwise establish a presence on the social media outlets. In that event, you must comply with the standards, protocols and restrictions that we impose on that use. Intranet (FranConnect) We have
InstagramMeta
ol over any profile(s) using or relating to the Proprietary Marks, or that display the Proprietary Marks, that are maintained on social media outlets, including without limitation Instagram, Facebook
TwitterX
sing or relating to the Proprietary Marks, or that display the Proprietary Marks, that are maintained on social media outlets, including without limitation Instagram, Facebook and Twitter or other sim
YelpYelp
Rental Store by tracking and promptly responding to negative online comments by customers through social media outlets such as Facebook and online directories such as RimTyme.com, Yelp, Better Busines
Franchisor behaviours
What the franchisor requires
18 requirements the franchisor states in this filing, each in its own words; 6 explicit no's; 10 questions the text does not settle, which is not a no.
Accounting
Does the franchisor have direct or independent electronic access to the franchisee's financial, sales or customer records?
YesFranchise agreement
Franchisor shall thereafter direct to assist with advertising and promotional have the right from time to time and at any time to retrieve programs. such data and information from Franchisee’s computer system as Franchisor, in its sole and exclusive discretion, deems necessary or desirable, with the telephonic D-9…
Must the franchisee submit periodic financial statements (monthly, quarterly or annual) to the franchisor?
YesFranchise agreement
or communicate to others each month during the term of this Agreement, a monthly including to other of its franchisees any confidential statement from the Store’s point of sale system or on financial information it obtains from Franchisee except as forms otherwise prescribed by Franchisor, accurately may be required…
How the franchisor buys
Is the franchisor or an affiliate itself a supplier of required products, services or systems?
YesItem 8
We are a supplier of certain advertising materials that are approved for use in conjunction with the System.
Does the franchisor reserve the right to change designated suppliers or systems at any time?
YesItem 11
We reserve the right to modify the System software required.
How much revenue did the franchisor and its affiliates earn from franchisee purchases in the last fiscal year?
0Item 8
In the fiscal year 2024, neither we nor any of our affiliates derived any revenue from RimTyme franchisees’ required purchases or leases, but each such company, respectively, reserves the right to do so in the future.
Does the franchisor or an affiliate receive rebates, commissions or other revenue from designated or approved suppliers?
YesItem 8
We reserve the right to have manufacturers and suppliers provide us payment term discounts, volume discounts, cash rebates, concessions, advertising allowance, discount bonuses and other cash payments based on mandatory and/or voluntary franchisee purchases of computer hardware and software, inventory, fixtures…
Item 8 gives this proportion in one of two shapes: separate percentages for establishing the business and for operating it, or one figure covering "establishing and operating" together. Where they are separate, answer with the operating percentage; where the passage gives only the combined figure, answer with that. What percentage of the franchisee's purchases must come from designated or approved suppliers?
100Item 8
We estimate that the purchases from approved suppliers (including us) will represent approximately 50% of your total purchases and leases in establishing your Rental Store and 100% of your total purchases and leases in the continuing operation of the Rental Store
Can a franchisee propose a new supplier for the franchisor's approval?
YesItem 8
If you want to offer any inventory that has not been previously approved, you must submit a written request for our approval with specifications of the inventory.
Data and IT
Must the franchisee comply with PCI, data-security or cybersecurity standards set by the franchisor?
YesItem 11
You must implement and comply with our then current customer information security program for the Rental Store, which includes identifying an employee to be in charge of the implementation of the program for your Rental Store, training of all your employees and responsibility over your vendors.
Franchise management
Does the franchisor conduct periodic inspections, audits or evaluations of the franchised business?
YesItem 11
We will conduct inspections of the Rental Store.
Can the franchisor change the operations manual and brand standards unilaterally?
YesItem 11
The Operations Manual currently contains 207 pages, however, all aspects of the Operations Manuals may be modified by us from time to time, and you must comply with the Operations Manual as modified.
Must the franchisor approve the franchisee's site or location before opening?
YesItem 11
The Franchise Agreement grants a franchise for a specific address which you have selected, and we have approved.
Marketing
Is the franchisee prohibited from operating its own website or social media accounts, or required to use pages the franchisor provides?
YesItem 11
You may not develop your own website or link any websites to the Website.
Is the franchisee required to spend a minimum amount on local advertising or marketing, as a percentage of sales or a fixed amount?
YesItem 11
You are required to spend a combined total of 3% of Gross Rental Payments and Sales on local advertising and the National Ad Fund contribution (the “Advertising Requirement”).
Operations
Must equipment be purchased from designated or approved suppliers?
YesItem 8
you must obtain such computer hardware and software, fixtures, furnishings and signs from suppliers that we have approved in writing and not later disapproved.
Point of sale
Must the franchisee use a specific point-of-sale system designated or approved by the franchisor?
YesItem 11
You must utilize the services of Ideal to install the VersiRent Point-of-Sale software, and be trained by them in its use.
Does the franchisor have independent access to the data in the franchisee's POS or computer system?
YesItem 11
We have the right to independently upload and download data, trouble shoot and perform diagnostic checks, and retrieve whatever data and information we need from your computer system, and there are no contractual limits on our rights.
Training
Can the franchisor charge the franchisee for additional, refresher or remedial training?
YesItem 11
For any training of additional personnel, including subsequently hired managers, you must reimburse us for all reasonable expenses we incur.
The filing answers no to 6 questions
- Is there a franchisee advisory council, association or committee?Item 11
- Does the franchisor charge a fee to evaluate a proposed supplier?Item 8
- Must the franchisee participate in a customer-satisfaction or net-promoter survey program?Item 11
- Is a minimum grand opening advertising spend required?Item 11
- Must the franchisee participate in a regional advertising cooperative when one exists?Item 11
- Must the franchisee buy products from a designated distributor?Item 8
The vendor opportunity at RimTyme
RimTyme operates 29 units, all franchised, in automotive services from its Texas headquarters, with unit count down 23.7% year over year. The brand sits under Upbound Group, alongside sibling brands Rent-A-Center and ColorTyme. The operator footprint spans 5 mapped operators, including 3 multi-unit operators, across roughly 28 located units, led by North Carolina (7), Georgia (4) and Tennessee (3). The FDD makes no financial performance representation under Item 19.
Who controls software purchasing
Item 8 requires computer hardware and software to come from approved suppliers only — direct evidence of HQ-level control, reinforced by RimTyme's position under Upbound Group alongside Rent-A-Center and ColorTyme. Item 2 names five leaders, including Corporate Director Mitchell E. Fadel and VP of Franchising G. Michael Landry.
Tech named in the FDD, and what is actually required
VersiRent is the one mandated system: franchisees are contractually required to use it. Facebook, FranConnect, Instagram, Twitter (X) and Yelp also appear in the filing, but none of them carries a use requirement.
Procurement, renewals, and timing
Item 8's approved-supplier list covers computer hardware and software, fixtures, furnishings, signs and inventory, with unapproved inventory submittable for review; franchisees must buy certain approved advertising materials from the franchisor or an affiliate, and may propose other suppliers for approval. Item 17 grants renewal contingent on notice, renovation, compliance and a $2,500 renewal fee, under a then-current agreement that may carry materially different terms. With unit count down 23.7% year over year, renewal activity at existing locations looks like the likelier near-term driver than new-unit growth.
How to read the RimTyme FDD
The 2025 FDD is filed with state franchise regulators. Read the embedded PDF viewer below for the full text of Items 2, 8, 11, 17, 19 and 20. For a ranked list of franchise systems that fit your product better than this one, talk to FranCloud.
Questions vendors ask
RimTyme, answered from the filing
Item 2 names five leaders, including Corporate Director Mitchell E. Fadel and VP of Franchising G. Michael Landry. Item 8 requires computer hardware and software from approved suppliers, and RimTyme sits under Upbound Group ownership alongside Rent-A-Center and ColorTyme — a centralized buying structure.
RimTyme mandates VersiRent for franchisees. Facebook, FranConnect, Instagram, Twitter (X) and Yelp also appear in the filing, but none of them carries a use requirement.
RimTyme operates 29 units in automotive services, all franchised, with unit count down 23.7% year over year.
Item 8 sets an approved-supplier list for computer hardware/software, fixtures, furnishings, signs and inventory; unapproved inventory can be submitted for review. Franchisees must buy certain approved advertising materials from the franchisor or an affiliate, and may propose other suppliers for approval.
Item 17 grants renewal contingent on notice, renovation, compliance, and a then-current franchise agreement that may carry materially different terms, plus a $2,500 renewal fee. With unit count down 23.7% year over year, existing-location renewal is the likelier near-term driver than new-unit growth.
The 2025 FDD is filed with state franchise regulators. Use the embedded PDF viewer below to read the full disclosure document, including Items 2, 8, 11, 17, 19 and 20.
Source
Read the filing itself
Every number on this page traces back to this document. Read it in full, page by page. Buy the original PDF to download, search, and annotate it.
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FDD alert
Tell me when this brand refiles.
We’ll email you the moment RimTyme files a new annual FDD, usually the freshest signal of a vendor change.
Operator footprint
Who runs the locations
5 operators run 28 mapped locations. 3 of them are multi-unit. Aggregate counts from the filing; no names.
Operators by units owned
Single-unit2
2–9 units2
10–24 units1
Top states by locations
| NC | 7 |
|---|---|
| GA | 4 |
| TN | 3 |
| VA | 3 |
| AL | 2 |
Ownership
The portfolio behind RimTyme
strategic_multibrand of Upbound Group.
Sibling brands
Related Automotive services brands
Primary franchise filings · updated September 2026. Every figure is source-traceable and QA-checked.