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2022 Franchise 500 Rank
N/R Not ranked last year
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Initial investment
$283K - $853K
Units as of 2016
1,943 7% over 3 years

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
Founded
1955
Parent Company
Aaron's Inc
Leadership
John Robinson, CEO

Franchising Overview

Franchising Since
1992 (30 years)
# of employees at HQ
822
Where seeking

This company is seeking new franchisees worldwide.

# of Units
1,943 (as of 2016)

Franchisor Information

Social
Facebook, Twitter
Corporate Address
400 Galleria Pkwy. S.E., #300
Atlanta, GA 30339

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
$15,000 - $50,000
Initial Investment
$283,270 - $852,820
Net Worth Requirement
$550,000
Cash Requirement
$450,000
Royalty Fee
6%
Ad Royalty Fee
2.5%
Term of Agreement
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
Additional Training
At regional locations
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
Marketing Planning & Support

Operations

Additional details about running this franchise.

Is absentee ownership allowed?
Yes
Can this franchise be run from home/mobile unit?
No
Can this franchise be run part time?
No
# of employees required to run
6-10
Are exclusive territories available?
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 by Entrepreneur Media. Our franchise listings and rankings are solely research tools you can use to compare franchise operations. Entrepreneur stresses that you should always conduct your own independent investigation before investing in a franchise. That should include reviewing the franchisor's legal documents, consulting with an attorney and an accountant, and talking to former and current franchisees.
Updated: February 8th, 2021