Business Description

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:	478	31.8%
Company-Owned Units:	1,024	68.2%
Total Operating Units:	1,502	100.0%
Geographic Distribution: U.S.: 1,480 98.5% In 48 States Canada: 22 1.5% In 6 Canadian Provinces International: 0 0% In 0 Foreign Countries   Total: 1,502 100.0%

North America:
States/Provinces with the largest number of operating units:

Density

Units

Registered in Following Registration States: California, Florida, Hawaii, Illinois, Indiana, Michigan, New York, North Dakota, Oregon, Rhode Island, South Dakota, Virginia, Washington, Wisconsin

Financial Requirements

Investment:
Minimum Net Worth:	$450K
Cash Investment:	$NA
Total Investment:	$233.8-607.5K
Average Total Investment:	$0K
Fees:
Initial Franchise Fee:	$15-50K
Average Franchise Fee:	$0K
On-Going Royalty:	6%
Average Royalty:	6%
Advertising Fee:	2.5%

Average Number of Employees: 6 Full-time, 0 Part-time

Space Needs (in square footage): 8,000

Preferred Sites: Free-standing Building, Strip Center

Other Sites:

Encourage Conversions? Yes

Earnings Claims Provided?: Yes

Franchisee Qualifications
Ranked from 1 (unimportant) to 5 (important):
Financial Net Worth:	5
General Business Experience:	5
Specific Industry Experience:	1
Formal Education:	4
Psychological Profile:	5
Personal Interview(s):	5
Terms of Contract
Term of Initial Contract:	10 Year(s)
Term of Renewal Period:	10 Year(s)
Passive Ownership:	Allowed
Area Development Agreements?	Yes, for 0 Year(s)
Sub-Franchising Contracts?	No
Franchisees Allowed to Expand Within Territory?	Yes
Support and Training
International Franchise Association:	Yes
Canadian Franchise Association:	Yes
Franchisee Association/Member:	Yes, Member
Size of Corporate Staff:	3500
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
Marketing Materials:	None Specified
Additional Services:	None Specified
Other Marketing Support:	None Specified
On-Going Support:
Central Data Processing:	Included in Fees
Central Purchasing:	Included in Fees
Field Operation Evaluation:	Included in Fees
Field Training:	Included in Fees
Initial Store Opening:	Included in Fees
Inventory Control:	Included in Fees
Franchisee Newsletter:	Not Applicable
Regional or National Meetings:	Included in Fees
800 Telephone Hotline:	Included in Fees
Training:
1. Corporate Headquarters	3 Weeks
2. Minimum On-Site	2 Weeks
3. Varies	On-Going
Expansion Plans
Projected New Units Over Next 12 months: 80 U.S.: Yes, All United States Canada: Yes, All Canada Overseas: No	Request Franchisor Info   Submit an online form to receive information from Aaron's Sales & Lease Ownership.