Next
106/500
Back

Rent-A-Center Inc.

2015 Franchise 500
#106
At a Glance

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

Number of Locations: 3,057

Total Investment: $355.4K - $582.2K

Founded: 1980

Began Franchising: 2013

About Rent-A-Center Inc.

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
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
Operations
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
Equipment
Inventory
Accounts Receivable
Payroll

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),

Franchise Search

Looking to Start a Business?

BrightStar Care has opportunities available today.

Request Information

Fund Your Franchise with Guidant

Guidant Financal Learn how to invest your IRA or 401k into a franchise penalty-free. ($50k min)

Featured Franchises For Sale

International Franchise Expo - June 18-20, 2015

From the Entrepreneur Bookstore

Franchise Bible, 7th Edition
Franchise Bible, 7th Edition
By Erwin J. Keup and Peter Keup
More Info