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Franchise 500 Rank
N/R Not ranked last year
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Initial investment
$283K - $853K
Units as of 2016
1,943 Decrease

Company Overview

Aaron's offers furnishings such as big screen televisions, couches and refrigerators for rental or purchase at its stores across North America. R. Charles Loudermilk Sr. began the business in 1955, renting folding chairs he had purchased from an army surplus store for 10 cents a day. Aaron's Rents began franchising in 1992.

About Aaron's

Industry Retail
Related Categories Miscellaneous Retail Businesses, Electronics Stores, Furniture & Appliances
Founded 1955
Parent Company Aaron's Inc
Leadership John Robinson, CEO
Corporate Address 400 Galleria Pkwy. S.E., #300
Atlanta, GA 30339
Social Facebook, Twitter

Business Overview

Franchising Since 1992 (32 years)
# of employees at HQ 822
Where seeking

This company is offering new franchises worldwide.

# of Units 1,943 (as of 2016)

Information for Franchisees

Here's what you need to know if you're interested in opening a Aaron's franchise.

Financial Requirements & Ongoing Fees

Here's what you can expect to spend to start the business and what ongoing fees the franchisor charges throughout the life of the business.

Initial Franchise Fee Information Circle
$15,000 - $50,000
Initial Investment Information Circle
$283,270 - $852,820
Net Worth Requirement Information Circle
$550,000
Cash Requirement Information Circle
$450,000
Royalty Fee Information Circle
6%
Ad Royalty Fee Information Circle
2.5%
Term of Agreement Information Circle
10 years
Is franchise term renewable? Yes
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Financing Options

Some franchisors offer in-house financing, while others have relationships with third-party financing sources to which they refer qualified franchisees.

Third Party Financing Aaron's has relationships with third-party sources which offer financing to cover the following: inventory

Training & Support Offered

Franchisors offer initial training programs and a variety of ongoing support options to help franchisees run their businesses.

On-The-Job Training ongoing
Classroom Training 10 days
Ongoing Support
Purchasing Co-ops
Newsletter
Meetings & Conventions
Toll-Free Line
Grand Opening
Online Support
Security & Safety Procedures
Lease Negotiation
Field Operations
Marketing Support
Ad Templates
National Media
Regional Advertising

Operations

Additional details about running this franchise.

Is absentee ownership allowed? Yes
Can this franchise be run from home/mobile unit? Information Circle
No
Can this franchise be run part time? Information Circle
No
# of employees required to run 6-10
Are exclusive territories available? Information Circle
Yes
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Franchise 500 Ranking History

Compare where Aaron's landed on this year's Franchise 500 Ranking versus previous years.

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Disclaimer
The information on this page is not intended as an endorsement or recommendation of any particular franchise or business opportunity by Entrepreneur Media. Our listings and rankings are solely research tools you can use to compare opportunities. Entrepreneur stresses that you should always conduct your own independent investigation before investing in a franchise or business opportunity. That should include reviewing the company's legal documents, consulting with an attorney and an accountant, and talking to former and current franchisees/licensees/dealers.
Updated: December 12th, 2022