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.




It's time to give yourself permission to build your days around what's important to you! You're in Control!
For more information, complete our FREE FRANCHISE ADVICE form!


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 $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


Click here to compare with
franchises similar to Aaron's Sales & Lease Ownership

Aaron's Redesigns Miami Keystone Club For Boys & Girls
Aaron's, Inc., a rent to-possess retailer gaining practical experience in the deals and rent responsibility for, shopper hardware, home machines and embellishments, shocked youngsters last Friday with a recently redesigned Keystone Teen Center at the Hank Kline Boys and Girls Club of Miami. Thro...

Aaron's Board Of Directors Is Evaluating A $2.3 Billion Buyout Offer
Aaron's Inc., the home furnishings and electronics rent-to-own retail chain, said Friday its board of directors is evaluating a $2.3 billion buyout offer from a large investor. Vintage Capital Management, which holds a 10 percent stake in Aaron's, or 7.2 million shares, launched its fourth attemp...

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 several ...

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 23 Ke...

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 are sev...

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

    .aaronrentsonline.com
    Aaron's Sales & Lease Ownership Franchise Opportunity viewed 17302 times by investors.

    Legal Disclaimer: This information is not a franchise offering for Aaron's Sales & Lease Ownership and should not be construed as such. The Franchise Mall makes every effort to maintain accurate franchise data but does not guarantee nor assume liability for incorrect data. We recommend that anyone seriously interested in pursuing an Aaron's Sales & Lease Ownership franchise opportunity, review that franchise's Franchise Disclosure Document (FDD) with an attorney and accountant.

    Aaron's Sales & Lease Ownership

    Aaron's Sales & Lease Ownership

    Aaron's Sales & Lease Ownership
    400 Galleria Parkway SE, Suite 300
    Atlanta, GA
    30339

    FREE FRANCHISE ADVICE

    First Name:
    Last Name:
    Address:
    City:
    State: (US inquiries only please)
    Zip:
    Phone:
    Email:
    Capital to Invest

    (Min $50k Investment)
    Investment Timeframe:

    Can I use my 401K or IRA
    to buy a business?

    Submit your request for a
    FREE Franchise Consultation.

    Share This Page!