Aaron's Sales & Lease Ownership Franchise

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.




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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, investors are strongly recommended to visit the official Aaron's Sales & Lease Ownership website.

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

The investment required to open a Aaron's Sales & Lease Ownership Franchise is between $275,610-$707,400. There is an initial franchise fee of $50,000 which grants you the license to run a business under the Aaron's Sales & Lease Ownership name.

Individual Unit Costs

  • Initial Investment:
    $275,610-$707,400
  • Initial Franchise Fee:
    $50,000
  • Royalty Fee:
    6%
  • Advertising Fee:
    N/A
  • Term of Agreement:
    10 years
  • Renewal Fee:
    $2.5K


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Aaron's Sales & Lease Ownership News & Press Releases

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
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

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

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)

Business Experience:

  • General business experience

  • To calculate how much income a franchise owner can do at Aaron's Sales & Lease Ownership Franchise, may vary on factors like location, size etc., On the other side as a business owner your goals to maintain the quality of service while streaming sales high and expenses low. As any other franchise may include rent/mortgage, staffing/family, inventory supplies, utilities, administrative costs vise vera. Location to location and seasons the months costs may vary. Most franchises start up costs are typically fixed and they will cover most of the initial operating costs like signage, furniture, decoration and renovations.

    Listing Tags

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    Aaron's Sales & Lease Ownership

    Aaron's Sales & Lease Ownership

    Aaron's Sales & Lease Ownership
    309 E. Paces Ferry Rd.
    Atlanta, GA
    30305-2377

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