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Aaron's Sales & Lease Ownership
Electronics, appliances, and furniture retail sales and leasing
For all those customers who crave a credenza, desire a desk, seek a sofa, or wish for a washer, Aaron Rents rents -- and sells -- all of the above and more. One of the leading furniture rental and rent-to-own companies in the U.S. (behind industry leader Rent-A-Center), Aaron Rents purveys home and office furniture in the U.S., Puerto Rico, and Canada through more than 1,800 Aaron's Sales & Lease Ownership for Less and Aaron's Rent-to-Rent stores. Its stores also offer consumer electronics and household appliances.
Why This Company Makes Our AllStar List
Despite a still-challenging economy, and with many of its customers financially struggling, Aaron's Sales & Lease Ownership's third quarter same-store revenues were up 7 percent in 2011 compared to the same period in 2010. And franchisees collectively increased their revenue by 9 percent during the first nine months of 2011.
In our AllStar rankings, Aaron's had strong showings in both financial strength (#23) and brand awareness (#32); it also enjoyed a solid growth rank (#39).
Traditionally, rent-to-own stores benefit from a recessionary economy, and Aaron's reports that store traffic is up. The company's current challenge is to convert those shoppers into customers.
Aaron's offers franchisees inventory financing through SunTrust Bank.
2011 AllStar Rank: 12
2010 AllStar Rank: 17
2009 AllStar Rank: 25
Full Disclosure Award
This company gets a nod for disclosing financial performance representations in Item 19 of its Franchise Disclosure Document (FDD). For an explanation of why this is important, read The Importance of Item 19 in the Franchise Disclosure Document.
Despite a still-challenging economy, and with many of its customers financially struggling, Aaron's Sales & Lease Ownership's third quarter same-store revenues were up 7 percent in 2011 compared to the same period in 2010. And franchisees collectively increased their revenue by 9 percent during the first nine months of 2011.
In our AllStar rankings, Aaron's had strong showings in both financial strength (#23) and brand awareness (#32); it also enjoyed a solid growth rank (#39).
Traditionally, rent-to-own stores benefit from a recessionary economy, and Aaron's reports that store traffic is up. The company's current challenge is to convert those shoppers into customers.
Aaron's offers franchisees inventory financing through SunTrust Bank.
2011 AllStar Rank: 12
2010 AllStar Rank: 17
2009 AllStar Rank: 25
Full Disclosure Award
This company gets a nod for disclosing financial performance representations in Item 19 of its Franchise Disclosure Document (FDD). For an explanation of why this is important, read The Importance of Item 19 in the Franchise Disclosure Document.
AllStar Franchise
AllStar Rank:
10
See All AllStar Franchises
Aaron's Sales & Lease Ownership
309 East Paces Ferry Road
Atlanta, GA 30305
678-402-3778
Fast Facts
| Year established | 1955 |
| Franchising since | 1992 |
| Can be run from home? | No |
| Number of employees needed | 6 - 8 |
| Item 19 Financial Performance Representation? | Yes |
| Multiple units must be purchased in U.S. | No |
| Multiple units must be purchased outside U.S. | No |
| % of franchisees who own multiple units | 98% |
| Absentee ownership allowed? | Yes |
Franchise Unit Growth Rate
| Year | U.S. Franchises |
Non-U.S. Franchises |
Company-Owned Locations |
| 2012 | 662 | 45 | 1,144 |
Expanding in These Locations
United States, Canada
Costs
| Total Investment | $233,870 - $607,580 |
| Franchise Fee | $15,000 - $50,000 |
| Royalty Fee | 6% |
Financial Requirements
| Net Worth | $450,000 |
| Liquid Capital | $350,000 |
Franchisee Qualifications
Strong net worth
Previous business experience and success
Strong management skills
Financing
| Does franchisor offer financing? | Yes |
| Is franchisor on the SBA's Franchise Registry? | No |
| Is franchisor a member of the IFA's VetFran program? | No |
Financing Assistance
Franchisor offers inventory financing through SunTrust Bank
AllStar Franchise
AllStar Rank:
10
See All AllStar Franchises
Aaron's Sales & Lease Ownership
309 East Paces Ferry Road
Atlanta, GA 30305
678-402-3778
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Aaron Rents, Inc.
For all those customers who crave a credenza, desire a desk, seek a sofa, or wish for a washer, Aaron Rents rents -- and sells -- all of the above and more. One of the leading furniture rental and rent-to-own companies in the U.S. (behind industry leader Rent-A-Center), Aaron Rents ...
| Company Type: | Public |
| Employees: | 9,600 |
| Executives: | R. Charles Loudermilk Sr., ChairmanRobert C. Loudermilk Jr., President, CEO, and DirectorWilliam K. Butler Jr., COO and Director |
| Rankings: | S&P 600, |
| Sales: | $1,592,600,000 |
| Net Income: | $90,200,000 |
| See More Financials | |
| Industries: | Rent-To-Own |
| See More Industries | |
| Top Competitors: | Brook FurnitureCORT Business ServicesRent-A-Center |
AllStar Franchise
AllStar Rank:
10
See All AllStar Franchises
Aaron's Sales & Lease Ownership
309 East Paces Ferry Road
Atlanta, GA 30305
678-402-3778
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