Rent-A-Center

Rent-to-own furniture, electronics, computers, appliances

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About

Founded

1980

Franchising Since

2013 (6 Years)

Corporate Address

5501 Headquarters Dr.
Plano, TX 75024

CEO

Mitch Fadel

Parent Company

Rent-A-Center Inc.

Ticker Symbol

RCII

Financial Requirements

Initial Investment ⓘ

$355,268 - $560,225

Net-worth Requirement ⓘ

$750,000

Liquid Cash Requirement ⓘ

$100,000

Ongoing Fees

Initial Franchise Fee ⓘ

$35,000 - $35,000

Ongoing Royalty Fee

5.5%

Ad Royalty Fee

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:

126 hours

Classroom Training:

33 hours

Absentee Ownership Allowed

Number of Employees Required to Run:

4 - 6

Rent-A-Center is ranked #200 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 - $355,268 High - $560,225

Units

-8.0%-218 UNITS (1 Year) -18.9%-582 UNITS (3 Years)

Units (Locations)

Where Seeking Franchisees:

Franchisor is seeking new franchise units throughout the U.S.

Franchise Financing

Using 401(K)/IRA Funds

Tax Penalty-Free
Debt Free
Expert Guidance

Learn More

Related Franchises

Relax The Back Corp.

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Disclaimer

The Franchise 500 is not intended to endorse, advertise, or recommend any particular franchise. It is solely a research tool you can use to compare franchise operations. Entrepreneur stresses that you should always conduct your own independent investigation before investing money in a franchise.

Updated: September 11th, 2019

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