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Aaron's Sales & Lease Ownership

Retailer specializing in home furnishing, electronic and appliance leasing and sales

Aaron's Rents offers furnishings such as big screen televisions, couches and refrigerators for rental or purchase at its stores across the United States. R. Charles Loudermilk Sr. began the business in 1955, renting folding chairs he had purchased from an army surplus store for 10 cents a day. Today the company rents items for a few days or weeks, or sells items on 12- to 18-month terms.

Aaron's Rents began franchising in 1992. The company is publicly traded on NASDAQ.

Please Note: The operators of Aaron's Sales & Lease Ownership, may not have verified the accuracy of the Franchise information contained within this website. For accurate up-to-date information, customers are strongly recommended to visit the official Aaron's Sales & Lease Ownership website.

Start-up Costs & Franchises Fees

How much does it cost to open a Aaron's Sales & Lease Ownership Franchises?

Total Investment: $233,700-$602,980
Initial Franchise Fee: $50,000
Royalty Fee: 6%
Advertising Fee: N/A
Term of Agreement: 10 years
Renewal Fee: $2.5K

How to contact Aaron's Sales & Lease Ownership

Aaron's Sales & Lease Ownership News

Kelly Rentals Converts To Aaron Rents
Kelly Rentals, which operates 23 sales and leasing stores in North Carolina and Virginia, is converting its locations to franchised Aaron Rents stores, Atlanta-based Aaron Rents announced Monday. Because of some geographic overlaps with existing Aaron's stores, the agreement will involve seve... more

Aaron Rents, Inc. Announces Franchise Transaction With Kelly Rentals; Awards Additional Franchise Territory
Aaron Rents, Inc. (NYSE: RNT), the nation's leader in sales and lease ownership, specialty retailing and rental of residential and office furniture, consumer electronics and home appliances and accessories, today announced it has entered into an agreement with Kelly Rentals, Inc., operator of 2... more

Major U.s. Franchise Eyes Rupert For Expansion
When Aaron's Sales and Lease, the 58th largest franchise chain in the world according to Entrepreneur Magazine, decided to undertake an aggressive expansion across Canada, it targeted Prince Rupert as one of the communities that it wanted to open up shop in as soon as possible. "There... more

Aaron's Helps Warrick Dunn Foundation Make Dreams Come True For Four Atlanta Families
Aaron Rents, Inc., the nation's leader in the rental, sales and lease ownership, specialty retailing and rental of residential and office furniture, consumer electronics, home appliances and accessories, today announced the donation of four homes' worth of merchandise to families via the War... more

Aaron Rents, Inc. Promotes D. Chad Strickland To Vice President, Employee Relations
Aaron Rents, Inc., (NYSE: RNT), the nation's leader in the sales and lease ownership, specialty retailing and rental of residential and office furniture, consumer electronics and home appliances and accessories, today announced that D. Chad Strickland has been promoted to Vice President, Employe... more

View all Aaron's Sales & Lease Ownership Press Releases

Franchise History

When did the first Aaron's Sales & Lease Ownership open? 1955
When did Aaron's Sales & Lease Ownership start Franchising? 1992

Year	U.S.A.	Canada	International	Corporate
2005	370	3	0	650
2004	309	2	0	686
2003	253	0	0	458
2002	218	0	0	402
2001	205	0	1	422

Expansion Plans

International:

Financing Options

Expense	In-House	Third Party
Franchise Fee	No	No
Startup Costs	No	No
Equipment	No	No
Inventory	No	Yes
Accounts Receivable	No	No
Payroll	No	No

Third Party Financing Source(s): SunTrust Bank

Training & Support

Support
Newsletter, Meetings, Toll-free phone line, Grand opening, Internet, Security/safety procedures, Field operations/evaluations, Purchasing cooperatives

Marketing
Co-op advertising, Ad slicks, National media, Regional advertising

Business Operations

International franchisees required to buy multiple units/master licenses; 90% of all franchisees own more than one unit

Number of employees needed to run franchised unit: 6

Absentee ownership of franchise is allowed. (30% of current franchisees are owner/operators)

Qualifications & Business Experience

Business Experience:

General business experience

Related Franchise Categories

• Decorating and Furniture Franchise Opportunities
• Franchises $100K to $250K

Listing Tags

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