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Aaron's Sales & Lease Ownership
 

AARON'S SALES & LEASE OWNERSHIP, North America's largest lease-to-own retail franchise, is changing the way a growing and underserved market acquires necessities like furniture, appliances, electronics and computers. We're NYSE listed with more than 1,500 showrooms. We offer franchise owners the expertise, advantages and support of a well-established company.

Franchisor Background

Year Established:

  1955

Franchising Since:

  1992

IFA Member



CFA Member



Operating Units:

Franchised Units:470 32%  
Company-Owned Units:998 68%  
 ______ _____  
Total Operating Units:1,468 100%  
 

Geographic Distribution:

U.S.:1,446 98.5% In 48 States
Canada:22 1.5% In 6 Canadian Provinces
International:0 0% In 0 Foreign Countries
 ______ _____  
Total:1,468 100%  
 

North America:

States/Provinces with the largest number of operating units:
DensityUnits    

Registered in Following Registration States:

   California, Florida, Hawaii, Illinois, Indiana, Michigan, New York, North Dakota, Oregon, Rhode Island, South Dakota, Virginia, Washington, Wisconsin

Financial Requirements

Investment:

Minimum Net Worth:$450K
Cash Investment:$350K
Total Investment:$300-600K
Average Total Investment:$450K
 

Fees:

Initial Franchise Fee:$15-50K
Average Franchise Fee:$0K
On-Going Royalty:6%
Average Royalty:6%
Advertising Fee:2.5%

Average Number of Employees:

   6 Full-time, 0 Part-time

Space Needs (in square footage):

   8,000

Preferred Sites:

   Free-standing Building, Strip Center

Other Sites:

  

Encourage Conversions?

   Yes

Earnings Claims Provided?

   Yes

Listed in the SBA Registry?

   No

Support and Training

International Franchise Association:Yes
Canadian Franchise Association:Yes
Franchisee Association/Member:Yes, Member
Size of Corporate Staff:3500
Site Selection Assistance?Yes
Lease Negotiation Assistance?Yes
Financial Assistance?Yes, Direct
 

Marketing Support:

Co-Op Advertising:No
National Advertising:Yes
Regional Advertising:No
Local Advertising:No
Marketing Materials:None Specified
Additional Services:None Specified
Other Marketing Support:None Specified
 

On-Going Support:

Central Data Processing:Included in Fees
Central Purchasing:Included in Fees
Field Operation Evaluation:Included in Fees
Field Training:Included in Fees
Initial Store Opening:Included in Fees
Inventory Control:Included in Fees
Franchisee Newsletter:Not Applicable
Regional or National Meetings:Included in Fees
800 Telephone Hotline:Included in Fees
 

Training:

1. Corporate Headquarters3 Weeks
2. Minimum On-Site2 Weeks
3. VariesOn-Going
 

Franchisee Qualifications

Ranked from 1 (unimportant) to 5 (important):
 
Financial Net Worth:5
General Business Experience:5
Specific Industry Experience:1
Formal Education:4
Psychological Profile:5
Personal Interview(s):5

Minority Representation

Units Owned by Minorities:

African-American:0
Asian-American:0
Hispanic:0
Native American:0
Other:8 E. Indian
Specific Minority:Although we strongly support the objectives of the NMFI, we do not yet have any specific programs in place at this time.

Terms of Contract

Term of Initial Contract:10 Year(s)
Term of Renewal Period:10 Year(s)
Passive Ownership:Allowed
Area Development Agreements?Yes, for 0 Year(s)
Sub-Franchising Contracts?No
Franchisees Allowed to Expand Within Territory?Yes

Expansion Plans

Projected New Units Over Next 12 months:

   80
U.S.:Yes, All United States
Canada:Yes, All Canada
Overseas:No
 
 
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