2015 Franchise 500
At a Glance

Products & Services: Rent-to-own furniture, electronics, computers, appliances

Number of Locations: 3,078

Total Investment: $355.4K - $582.2K

Founded: 1980

Began Franchising: 2013

About Rent-A-Center

Rent-A-Center stores offer furniture, electronics, appliances and computers via rental purchase agreements that allow customers to gain ownership of the item after an agreed upon rental period. They also offer free repairs if rented items become damaged. The company already had more than 3,000 stores when it began franchising in 2013.

Franchise Units

Year U.S. Canadian International Company Owned
2015 150 0 0 2,928
2014 94 0 0 2,963
2013 92 0 0 3,205
2012 N/A N/A N/A 2,949
2011 N/A N/A N/A 2,955
Where Seeking Franchisees: Franchisor is seeking new franchise units throughout the U.S.

Startup Costs, Ongoing Fees and Financing

Total Investment: $355,440 - $582,190
Franchise Fee: $35,000
Ongoing Royalty Fee: 4-6%
Term of Franchise Agreement: 10 years, renewable
Veteran Incentives: $5,000 off franchise fee
Financial Requirements
Net Worth: $500,000
Liquid Cash Available: $200,000
50% of all franchisees own more than one unit. Number of employees needed to run franchised unit: 4 - 6. Absentee ownership of franchise is allowed. (50% of current franchisees are owner/operators).
Financing Type In-House Third Party
Franchise Fee
Startup Costs
Accounts Receivable

How This Franchise Supports Franchisees

Training: Available at headquarters: 1 week. At franchisee's location: 1 week.
Ongoing Support: Newsletter, Meetings, Toll-free phone line, Grand opening, Internet, Security/safety procedures, Field operations/evaluations, Purchasing cooperatives, Lease Negotiation
Marketing Support: Co-op advertising, Ad slicks, National media, Regional advertising,

Franchise Ranking History

Franchise 500®: #106 (2015),
Fastest-Growing: #29 (2015),
Top New: #2 (2015),

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