Aaron's Sales & Lease Ownership
309 E. Paces Ferry Rd., N. E.
Atlanta, GA 30305-23
-
(866) 756-3339
/
(678) 402-3778
- (678) 402-3540 (Fax)
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
Operating Units
| Franchised Units |
470 |
32.0% |
| Company-Owned Units |
998 |
68.0% |
| Total Operating Units |
1,468 |
100% |
Geographic Distribution
| USA |
1,446 |
98.5% |
In 48 States
|
| Canada |
22 |
1.5% |
In 6 Provinces
|
| International |
0 |
0.0% |
In 0 Foreign Countries
|
| Total |
1,468 |
100% |
|
Multi-Unit Operators
| Multi-Unit Operators |
N/A |
| Franchises Owned by Multi-Unit Operators |
N/A |
North American Unit Density
Registered in the following Registration States
California, Florida, Hawaii, Illinois, Indiana, Michigan, New York, North Dakota, Oregon, Rhode Island, South Dakota, Virginia, Washington, Wisconsin
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Support and Training
General Information
| IFA Member |
Yes |
| CFA Member |
Yes |
| Franchisee Association? |
Yes, is a member |
| Size of Corporate Staff |
3,500 |
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 |
Ongoing Support
| Central Data Processing |
Included |
| Central Purchasing |
Included |
| Field Operation Evaluation |
Included |
| Field Training |
Included |
| Initial Store Opening |
Included |
| Inventory Control |
Included |
| Franchisee Newsletter |
N/A |
| Regional or National Meetings |
Included |
| 800 Telephone Hotline |
Included |
Training
| Corporate Headquarters |
3 Weeks |
| Minimum On-Site |
2 Weeks |
| Varies |
Ongoing |
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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 |
2.50% |
Site Information and Requirements
| Average Number of Full-Time Employees |
6 |
| Average Number of Part-Time Employees |
0 |
| Space Needs (in square feet) |
8,000
|
| Preferred Site Types |
Free Standing Building, Strip Center
|
| Encourages Conversions |
Yes |
| Item 19 (Earnings Claim) Provided? |
Yes |
| Listed in the SBA Registry? |
No |
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Franchisee Qualifications
| Financial Net Worth |
5 |
| General Business Experience |
5 |
| Specific Industry Experience |
1 |
| Formal Education |
4 |
| Psychological Profile |
5 |
| Personal Interviews |
5 |
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Terms of Contract
| Term of Initial Contract |
10 |
| Term of Renewal Period |
10 |
| Passive Ownership? |
Allowed, but discouraged |
Area Development
Agreements? |
Yes, for 0 years
|
Sub-Franchisor
Contracts? |
No |
| Franchisees Allowed to Expand Within Territory? |
Yes |
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Expansion Plans
| Projected New Units Over Next 12 Months |
80 |
| USA |
Yes, All United States |
| Canada |
Yes, All Canada |
| Overseas |
No |
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