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.

ABC INC

ABC-CO - NASDAQ

$129.55 USD
+0.25 (+0.20%)
$129.55
$129.55


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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 $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 Franchise Costs

  • Initial Investment:
    $283,270 -
  • Initial Franchise Fee:
    $50,000
  • Royalty Fee:
    6%
  • Term of Agreement:
    10 years
  • Renewal Fee:
    $2.5K

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

Aaron's Sales & Lease Ownership Growth 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

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)

General business experience


How much money you could make as a Aaron's Sales & Lease Ownership Franchise owner depends on a wide variety of factors. As a business owner, your primary goals are to strive for high sales while keeping your oper_ating costs as low as possible while still maintaining quality products and service. The monthly oper_ating costs that you will incur as a Aaron's Sales & Lease Ownership Franchise owner may include royalty fees, rent or mortgage, staffing, products, supplies, utilities, administrative costs and other things. Although your monthly oper_ating costs may vary from month to month, your start up costs are typically fixed and they will cover the majority of your initial oper_ating equipment, signage, and renovations.

Initial Investment
$50,000 - $852,975
Initial Franchise Fee
$50,000
Royalty Fee
6%
Term of Agreement
10 years
Renewal Fee
$2.5K
Latest News
Aaron's Helps Warrick Dunn Foundation Make Dreams Come True For Four Atlanta Families
Atlanta
2006-11-22
Aaron Rents, Inc. Promotes D. Chad Strickland To Vice President, Employee Relations

2006-11-16
Aaron Rents, Inc. Names Elizabeth L. Gibbs Vice President, General Counsel

2006-11-14
Aaron's Donates Computers To Help Unique Charity For Medically Fragile Children

2006-11-14
Aaron Rents, Inc. Franchises Ten Rent City Stores; Awards Additional Franchise Territory

2006-11-02
John C. Portman, Jr. Elected To Aaron Rents, Inc. Board Of Directors

2006-08-10
Aaron's To Distribute Free Hooked On Phonics Learn To Read Educational Program And Software To Customers

2006-07-21
Darrell Waltrip Slated To Drive No. 99 Aaron's Dream Machine At Martinsville Speedway

2006-07-18
Aaron's Successful Partnership With Michael Waltrip Racing Breaks New Ground

2006-05-23
Aaron's To Franchise Rimco Wheel And Rim Leasing Concept; Proven Aaron's Model To Penetrate $3.9 Billion Wheel And Tire Retail Market

2006-05-16
Aaron's Talladega Dream Weekend Extended By Rain

2006-05-02
West Virginia 'Miracle Miner' Randy Mccloy And Family Vip Guests At Aaron's Dream Weekend
Talladega
2006-04-29
Aaron Rents, Inc. Elects John Schuerholz To Board Of Directors
Atlanta
2006-01-26
Aaron Rent's Acquires Rent-a-center Stores

2005-12-05
Aaron Rents Prepared To Double In Size
Atlanta
2005-11-30
Aaron Rent's Inc Announces New Franchise Loan Facility With Royal Bank Of Canada

2005-08-16
Aaron's Hits 1,000th Store Mark With Newest Location In Swainsboro, Ga
Atlanta, Georgia
2004-10-06
Aaron Rents, Inc. To Purchase Assets Of Sight'n Sound Appliance Centers, Inc.
Atlanta
2002-08-26
Aaron Rents, Inc. Makes Strategic Expansion With Acquisition Of Stores In Louisiana And Texas
Atlanta
2001-02-06
Aaron Rents, Inc. Acquires Leases On 27 Heilig-meyers Locations; Expects Another Record Year
Atlanta
2000-12-22
Aaron Rents Begins Production At Texas Furniture Manufacturing Facility
Atlanta
2000-10-04
Aaron Rents Celebrates Opening Of 500th Store
Atlanta
2000-07-13
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Aaron's Sales & Lease Ownership Franchise Opportunity viewed 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 recomend that anyone seriously interested in pursuing a Aaron's Sales & Lease Ownership franchise opportunity, review that franchise's Franchise Disclosure Document (FDD) with an attorney and accountant.