Rent to possess is really a highly competitive industry even though the broad lineaments of rent to possess operations offer a similar experience, nevertheless the different rent to possess companies vary significantly within the possibilities and rewards that they offer to prospective franchisees. This is a listing of probably the most effective rent to possess companies within the field, with descriptions of the items makes each company unique.
Rent-n-Roll is among the top wheel and tire dealers in the united states, with seven company-owned stores and also over fifty franchises (with another twenty likely to open through the finish of 2010). Rent-n-Roll pioneered franchising wheel and tire rent to possess, plus they completely test everything in their company-owned stores before discussing it with franchises. They’re huge on innovation, and also the best ideas and many effective methods will be distributed to franchisees. Rent-n-Roll is searching for franchisees who’ve rent to possess experience (not always automotive) with particular focus on experience of developing untouched markets who’ve a internet price of $250,000 and who are prepared to invest $25,000 in franchise charges. For any 4% royalty the organization handles all business, advertising, and vendor relationships to ensure that individual franchisees can focus on running their very own companies – the renting and selling – and let the organization be worried about planning and promotion.
Aaron’s focuses on rent to possess electronics, furniture, computers and appliances. It’s 865 company-owned stores and 450 franchises, with 250 more stores prepared to open by 2012. Aaron’s takes pride in its tight operation and record of success within the rent to possess field. It’s seeking franchisees who’re team players, motivated individuals who understand the benefits of brand-name recognition and proven methods. Prospective franchisees are envisioned having a minimum of $250,000 in internet worth and become prepared to invest from $20,000 to $150,000 within the franchise. It charges a 6% royalty.
Premier Rental-Purchase focuses on furniture, and it has 50 plus franchises in position, with another 50 likely to open through the finish of 2010. Premier assists prospective franchisees with financial negotiations in their own local banks instead of via a central bank. They’re unique in encouraging franchisees to create their very own options to fit their individual situations. They’re seeking experienced operators who are prepared to invest $20,000 within the franchise charges. Premier charges a 3% royalty, with $100 monthly advertising co-op for every store.
ColorTyme Rent-to-Own focuses on furniture, electronics, and appliances and it has 275 franchised rent to possess places (no business-owned stores) with big plans for expansion. Color-Tyme helps franchisees with assistance available opening, in addition to 100% inventory financing, accounting, human sources including extensive training, and payroll processing. They’re searching for franchisees with a minimum of $100,000 internet worth and $25,000 to purchase franchise charges. The royalty is 5% and there’s a $250 advertising co-op fee per store.
Rimco focuses on tires and wheels, and it is just starting to expand from 19 company-owned stores to franchising and it is strongly seeking experienced operators who’re self-motivated, have $450,000 internet worth and $35,000 to place in to the franchise charges. Rimco offers the advantages of a large corporation using the versatility and freedom of the new franchiser. You pay a 6% royalty.