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2021 Franchise 500 Rank
#153 Ranked #209 last year
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Initial investment
$355K - $560K
Units as of 2020
2,314 14.7% over 3 years

Company Overview

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.

About Rent-A-Center

Industry
Retail
Founded
1980
Parent Company
Rent-A-Center Inc.
Leadership
Cathy Skula, Executive VP Franchising
Ticker Symbol
RCII

Franchising Overview

Franchising Since
2013 (8 years)
# of employees at HQ
375
Where seeking

This company is seeking new franchisees throughout the US.

# of Units
2,314 (as of 2020)

Franchisor Information

Corporate Address
5501 Headquarters Dr.
Plano, TX 75024

Information for Franchisees

Here’s what you need to know if you’re interested in opening a Rent-A-Center 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
$35,000
Initial Investment
$355,268 - $560,225
Net Worth Requirement
$750,000 - $3,000,000
Cash Requirement
$100,000
Veteran Incentives
$5,000 off franchise fee
Royalty Fee
5.5%
Ad Royalty Fee
3%
Term of Agreement
10 years
Is franchise term renewable?
Yes

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
Rent-A-Center has relationships with third-party sources which offer financing to cover the following: startup costs, equipment, 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
126 hours
Classroom Training
33 hours
Ongoing Support
Purchasing Co-ops
Newsletter
Meetings & Conventions
Toll-Free Line
Grand Opening
Online Support
Security & Safety Procedures
Lease Negotiation
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

Operations

Additional details about running this franchise.

Is absentee ownership allowed?
No
Can this franchise be run from home/mobile unit?
No
Can this franchise be run part time?
No
# of employees required to run
4
Are exclusive territories available?
Yes

Franchise 500 Ranking History

Compare where Rent-A-Center landed on this year’s Franchise 500 Ranking versus previous years.

Additional Rankings

Curious to know where Rent-A-Center ranked on other franchise lists? Find out below.

Ranked #153

Franchise 500 Ranking

Ranked #26

Fastest-Growing Franchises

Ranked #87

Fastest-Growing Franchises (U.S. & Canada)

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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