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Aaron's

2014 Franchise 500
#17
At a Glance

Products & Services: Furniture, electronics, computer and appliance leasing and sales

Number of Locations: 2,139

Total Investment: $275.7K - $782.6K

Founded: 1955

Began Franchising: 1992

About Aaron's

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.

Franchise Units

Year U.S. Canadian International Company Owned
2014 740 53 0 1,346
2013 713 50 0 1,335
2012 668 45 0 1,272
2011 663 45 0 1,216
2010 579 31 0 1,114
Where Seeking Franchisees: Franchisor is seeking new franchise units worldwide.
Direct Capital

Startup Costs, Ongoing Fees and Financing

Total Investment: $275,670 - $782,580
Franchise Fee: $15,000 - $50,000
Ongoing Royalty Fee: 6%
Term of Franchise Agreement: 10 years, renewable
Financial Requirements
Net Worth: $500,000
Liquid Cash Available: $350,000
Operations
90% of all franchisees own more than one unit. Number of employees needed to run franchised unit: 6 - 10. Absentee ownership of franchise is allowed. (30% of current franchisees are owner/operators).
Direct Capital
Financing Type In-House Third Party
Franchise Fee
Startup Costs
Equipment
Inventory
Accounts Receivable
Payroll

How This Franchise Supports Franchisees

Training: Available at headquarters: 3 days. At franchisee's location: less than 30 days. At regional locations : 1 week.
Ongoing Support: Newsletter, Meetings, Toll-free phone line, Grand opening, Internet, Security/safety procedures, Field operations/evaluations, Purchasing cooperatives
Marketing Support: Co-op advertising, Ad slicks, National media, Regional advertising,
Other marketing support: NASCAR sponsor

Franchise Ranking History

Franchise 500®: #17 (2014), #18 (2013), #21 (2012), #26 (2011), #42 (2010),
Fastest-Growing: #56 (2014), #26 (2012), #33 (2011), #74 (2010),
America's Top Global: #51 (2014), #32 (2013), #19 (2012), #24 (2011), #36 (2010),