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Updated RecentlyAaron'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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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 $283,270-$852,975. 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:
$283,270-$852,975 - 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 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 |
International:
| 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:
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
400 Galleria Parkway SE, Suite 300
Atlanta,
GA
30339