About
Founded
1980
Franchising Since
2013 (5 Years)
Corporate Address
5501 Headquarters Dr.
Plano, TX 75024
CEO
Cathy Skula
Parent Company
Rent-A-Center Inc.
Ticker Symbol
Financial Requirements
Initial Investment ⓘ
$355,392 - $565,190
Net-worth Requirement ⓘ
$750,000
Liquid Cash Requirement ⓘ
$1,000,000
Ongoing Fees
Initial Franchise Fee ⓘ
$35,000 - $35,000
Ongoing Royalty Fee
5.5%
Ad Royalty Fee
3%
Financing Options
Rent-A-Center has relationships with third-party sources which offer financing to cover the following: startup costs, equipment, inventory
Veteran Incentives
$5,000 off franchise fee
Support Options
Ongoing Support
Purchasing Co-ops
Newsletter
Meetings/Conventions
Toll-Free Line
Grand Opening
Online Support
Security/Safety Procedures
Field Operations
Site Selection
Proprietary Software
Franchisee Intranet Platform
Marketing Support
Ad Templates
National Media
Regional Advertising
Social media
SEO
Website development
Email marketing
Loyalty program/app
On-The-Job Training:
16 hours
Classroom Training:
16 hours
Absentee Ownership Allowed
Number of Employees Required to Run:
4 - 6
Rent-A-Center is ranked #266 in the Franchise 500!
Bio
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.
Cost
Initial Investment: Low - $355,392
High - $565,190
Units
-6.7%-195 UNITS (1 Year)
-11.2%-343 UNITS (3 Years)
Where Seeking Franchisees:
Franchisor is seeking new franchise units throughout the U.S.
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