Aaron's Sales & Lease Ownership

  • Aaron Rents, Inc.
  • RNT
309 E. Paces Ferry Rd., N. E.
Atlanta, GA 30305-23
  • (866) 756-3339 / (678) 402-3778
  • (678) 402-3540 (Fax)

AARON'S SALES & LEASE OWNERSHIP, North America's largest lease-to-own retail franchise, is changing the way a growing and underserved market acquires necessities like furniture, appliances, electronics and computers. We're NYSE listed with more than 1,500 showrooms. We offer franchise owners the expertise, advantages and support of a well-established company.

Franchisor Background

Year Established: 1955

Franchising Since: 1992

Operating Units

Franchised Units 470 32.0%
Company-Owned Units 998 68.0%
Total Operating Units 1,468 100%

Geographic Distribution

USA 1,446 98.5% In 48 States
Canada 22 1.5% In 6 Provinces
International 0 0.0% In 0 Foreign Countries
Total 1,468 100%

Multi-Unit Operators

Multi-Unit Operators N/A
Franchises Owned by Multi-Unit Operators N/A

North American Unit Density

(no data available)

Registered in the following Registration States

California, Florida, Hawaii, Illinois, Indiana, Michigan, New York, North Dakota, Oregon, Rhode Island, South Dakota, Virginia, Washington, Wisconsin

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Support and Training

General Information

IFA Member Yes
CFA Member Yes
Franchisee Association? Yes, is a member
Size of Corporate Staff 3,500
Site Selection
Assistance
Yes
Lease Negotiation Assistance Yes
Financial Assistance Yes, Direct

Marketing Support

Co-Op Advertising No
National Advertising Yes
Regional Advertising No
Local Advertising No

Ongoing Support

Central Data Processing Included
Central Purchasing Included
Field Operation Evaluation Included
Field Training Included
Initial Store Opening Included
Inventory Control Included
Franchisee Newsletter N/A
Regional or National Meetings Included
800 Telephone Hotline Included

Training

Corporate Headquarters 3 Weeks
Minimum On-Site 2 Weeks
Varies Ongoing
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Financial Requirements

Investment

Minimum Net Worth $450K
Cash Investment $350K
Total Investment $300-600K
Average Total Investment $450K

Fees

Initial Franchise Fee $15-50K
Average Franchise Fee $0K
On-Going Royalty 6%
Average Royalty 6%
Advertising Fee 2.50%

Site Information and Requirements

Average Number of Full-Time Employees 6
Average Number of Part-Time Employees 0
Space Needs (in square feet) 8,000
Preferred Site Types Free Standing Building, Strip Center
Encourages Conversions Yes
Item 19 (Earnings Claim) Provided? Yes
Listed in the SBA Registry? No
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Franchisee Qualifications

Financial Net Worth 5
General Business Experience 5
Specific Industry Experience 1
Formal Education 4
Psychological Profile 5
Personal Interviews 5
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Terms of Contract

Term of Initial Contract 10
Term of Renewal Period 10
Passive Ownership? Allowed, but discouraged
Area Development
Agreements?
Yes, for 0 years
Sub-Franchisor
Contracts?
No
Franchisees Allowed to Expand Within Territory? Yes
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Expansion Plans

Projected New Units Over Next 12 Months 80
USA Yes, All United States
Canada Yes, All Canada
Overseas No
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Request Information for Aaron's Sales & Lease Ownership

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