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Aaron's Sales & Leasing

Business Type

Franchise

Min Liquid Capital

$300,000

Total Investment

$269,000 to $574,000

Required Net Worth

$450,000

Number of Units

1,005

In Business Since

1955

* For Current Info See:

Franchise Disclosure Document

Overview

Founded in 1955 by renting folding chairs to auction houses for $.10 a day, today, Aaron Rents, Inc., is the recognized leader in the sales and lease ownership industry with over $1 billion dollars in system wide revenues. From the beginning, we set out to distinguish and differentiate our products and services from the traditional rent-to-own business. So when we decided to accelerate the expansion pace of our Sales and Lease Ownership division in 1992, we did not enter into franchising lightly. With our reputation, integrity and sense of innovation at stake, we began offering Aaron’s Sales and Leasing franchises to people who shared our passion for success. We’re planning more expansion into prime, new locations where you can capture a growing share of this explosive market. So don’t be left behind, now is the time to join our Aaron’s franchise team.

Products & Services

Aaron's Sales & Leasing a franchise opportunity from Franchise Genius

The Franchise will provide products and services primarily to customers in need of furniture, electronics, appliances and jewelry, but who do not choose to, or cannot, purchase them with cash or credit. The customer will make monthly lease payments. The customer can return the product at any time without obligation or can make continuous payments for the term, (6 months, 12 months or 24 months), lease after which the customer will own the product. The customer may also purchase the product in the first 90 days at the retail price, applying all monies paid to date. The leasing customer’s wants and needs are no different from those of buyers with credit. They consider items such as stereos, televisions, home furnishings and major appliances as necessities, not luxuries. For the millions who cannot afford to purchase these products outright, or do not have the credit to finance the purchases, Aaron’s has become a major source for providing these products. That’s one of the truly rewarding aspects of operating this neighborhood business. You provide an alternative source for needed products to customers who might not be able to finance their purchases through more traditional retail means.

Training & Support

Your Aaron’s Franchise will be your business. Yours to operate and yours to build...but you will benefit greatly from your affiliation with a large national organization. In addition to the prestige and instant name recognition, you will enjoy unparalleled training and ongoing support. Many of the practices that have become standard among leasing dealers nationwide were originally developed and introduced by Aaron Rents. Today, with the benefit of over 50 years of experience, Aaron Rents is still a leader and innovator in program development with our twelve month leasing purchase program, Dream Products program, and low price guarantee being perfect examples.

Once you have made your decision to join the Aaron’s Franchise family, you will be supported by the finest and most knowledgeable group of professionals in the leasing industry. Not only have we developed the most effective methods of operation, but we stand behind them as well. The advantages of the Aaron’s system include: in-depth site selection assistance, personnel selection assistance, comprehensive training for you and your staff, computer software systems, marketing and advertising support, inventory financing, volume purchasing, network communications and on- going support to ensure your success as an Aaron’s Franchisee.

Unveiled in January, 2002 Aaron’s has developed one of the premier training programs in franchising today. The University is comprised of our team of top notch trainers who will travel to a different city every week to conduct a series of in-depth training sessions for both you and your associates. Franchise Principals are required to complete one course a month once they begin the program. Prior to opening, a Franchisee must have completed a minimum of three courses. All participants in Aaron’s University are tested and ranked according to their overall proficiency in a variety of areas. Their progress is continually monitored throughout their coursework. Upon completion everyone receives a certificate of certification from Aaron’s.

Why Aaron's Sales & Leasing?

In order to increase our market presence, Aaron Rents, Inc. initiated a franchise program that sets a fast pace for the expansion of Aaron’s Sales & Lease Ownership. Since 1992, growth has consistently increased. By the end of January 2006, the total number of Aaron’s stores was 1206, including 395 franchised units. For all Aaron’s franchisees, the rewards are numerous. Through many years of consistent marketing, Aaron’s has become one of the most recognized and respected names in the leasing industry. Your affiliation with the Aaron name, which is recognized by millions of consumers nationwide, will generate immediate response and deliver customers to your showroom. Aaron’s is a believer in advertising that is accountable and measurable. From our advertising committee to our in house advertising agency, Paces East Advertising, we have one common goal: to lease merchandise utilizing the most effective and efficient advertising vehicles. With a keen sense for the customer, our advertising agency is equipped to offer point-of-purchase, print, radio and television advertisements. All of these items are designed to give the business high visibility and memorable identity to the consumer.

Are You a Good Fit for Aaron's Sales & Leasing?

To get started, you’ll need to complete the Aaron’s confidential “preliminary profile.” It’s easy and once you do, Greg Tanner with the Aaron’s franchise sales team will follow up to answer any questions. Greg’s a good person and he’ll take great care of you. The financial qualifications for an Aaron’s franchise requires you to have at least a net worth of $450K of which $350K is liquid. If you’re there, then complete the profile and learn what I’ve learned: an Aaron’s Sales & Lease Ownership franchise can be a very rewarding career opportunity. We wish you the best in your journey and hope to be working with you soon!

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