FRANCHISE INFORMATION AT YOUR FINGERTIPS

Founded in 1955, Aaron’s Sales and Lease Ownership is a retail business that leases and sells products such as electronics, furniture and appliances. Currently operating more than 1,500 showrooms in 48 states, Aaron’s provides quality products and exceptional service to millions of customers who are without credit or who prefer to lease rather than purchase. Aaron’s offers customers items at prices comparable to those of traditional retailers, as well as benefits such as no-cost repair services, no credit checks and no debt obligation.

Aaron’s provides customers with the win-win choice between buying and leasing a quality product at a reasonable price. Aaron’s occupies a unique niche in the marketplace with a large customer base. Over 30% of the 96 million households in the United States match the profile of the average leasing household, making the consumer durable goods leasing market one of the country’s most promising.

Investment Required

The fee for an Aaron’s franchise ranges from $15,000 to $50,000.  Aaron’s offers assistance with inventory financing for eligible franchisees.

Aaron’s provides the following range of investments required to open your initial franchise. The range assumes that all items are paid for in cash. To the extent that you choose to finance any of these expense items, your front-end investment could be substantially reduced.

On-going Expenses

Aaron’s franchisees pay royalties equal to 6% of gross revenue; advertising production fees equal to the lesser of two amounts, 0.5% of gross revenue or $3,750 per year; and regional media fees equal to the lesser of two amounts, 2% of gross revenue or $15,000 per year.

What You Get—Training and Support

Since 2002, Aaron’s Sales and Lease Ownership has operated one of the premier training programs in the franchising industry. New franchisees will be instructed in a variety of topics, including: personnel selection and training, store design, computer software operation, promotional programs, lease negotiation, inventory management, product marketing and customized management resources such as Aaron’s Customer Tracking System.

After spending several weeks in Aaron’s’ showroom for intensive preliminary on-the-job training, franchisees are further instructed by Aaron’s Franchise Field Consultants, who are dedicated to facilitating the process of opening and continuing operations. After a store is open, the consultant will act as a personal liaison with Aaron’s Franchise Support Center. Additional franchisee benefits include advanced training seminars, a technical support line, inventory financing assistance and an in-house advertising agency for the Aaron’s brand.

Territory

Aaron’s grants territories containing approximately 5,000 to 8,000 households with some protections.