Is rent-a-center a franchise?
Founded in 1986, Rent-A-Center has grown to become the largest operator and franchisor of rent-to-own stores in the United States today. Growth came over the first 20 years from acquisition of several small operators and regional chains.
Can I offer my franchise in a different state?
A franchise offering can be made by us only in a state if we are first registered, excluded, exempted or otherwise qualified to offer franchises in that state, and only if we provide you with an appropriate franchise disclosure document.
What is the largest rent-to-own rental company in North America?
Rent-A-Center, Inc., headquartered in Plano, Texas, is the largest rent-to-own operator in North America.
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Who is Rent-A-Center owned by?
The company was incorporated in 1986 and as of 2014 operates approximately 2,972 company-owned stores in the United States, Puerto Rico and Mexico, accounting for approximately 35% of the rent-to-own market in the United States based on store count. Rent-A-Center, Inc....Rent-A-Center.TypePublicWebsitewww.rentacenter.com14 more rows
Is Aaron's a franchise?
Aaron's franchise focuses on leases and retail sales of electronics, furniture, appliances, and computers. Aaron's offers sales & lease ownership franchise opportunities to entrepreneurs who are willing to make their profit by selling goods of the highest quality from top brands.
What is the point of Rent-A-Center?
You can get the products you need as soon as you want them. Plus, you don't have to wait for your credit score to be any higher than it is right now. At Rent-A-Center, you can bring home all of the furniture, appliances, and electronics you want, often on the same day with free same-day delivery.
Did Rent-A-Center change their name?
The company with the name Rent-a-Center isn't the same one that was founded in 1973. Instead, a company called Renters Choice, which took its current form in 1986, bought Rent-a-Center in 1998, and because the chain had a better-known name, the company changed its name.
Does Aarons charge off?
Aaron's does not charge an application or processing fee.
Has Rent-A-Center been sued?
OAKLAND – California Attorney General Rob Bonta today announced a $15.5 million settlement against Rent-A-Center, one of the nation's largest rent-to-own companies, for violations of state consumer protection laws relating to unlawful leasing practices and deceptive marketing.
Is Rent-A-Center predatory?
Aug 2 (Reuters) - Rent-A-Center Inc (RCII. O), a large furniture and electronics rent-to-own company, will pay $15.5 million to settle charges it violated California consumer protection laws by unlawfully leasing items and engaging in deceptive marketing.
Is Rent-A-Center a Fortune 500 company?
Rent-A-Center | 2022 Fortune 500 | Fortune.
What does EPO stand for at Rent-A-Center?
Early Purchase Option*NOTE: Early Purchase Option requires a payment in addition to regular rental payments. 6 Months Same as Cash**: Own it in the first 6 months and you'll pay only the cash price. 6 Months Same as Cash not available in HI, NJ, NY, WV and select franchised locations.
How many Rent-A-Center locations are there?
With over 2,700 stores throughout the United States, we can meet your rent-to-own furniture, smartphones, appliances, computers, and electronics needs no matter where you live. We carry a wide variety of brand-name products, which can be viewed both online and in our stores.
Where is Rent-A-Center headquarters?
Plano, TXRent-A-Center / Headquarters
What is a rent a center?
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.
What is the franchise fee?
What you need to know: Found in Item 5 of the FDD, this may be a flat fee, or may vary based on territory size, experience, or other factors.The franchise fee is an up-front (one-time) cost that a new franchisee pays to the franchisor. This fee is usually due at the signing of the franchise agreement and covers the right to use the franchisor's trademarks, name, and related business systems.
How long is a franchise agreement?
What you need to know: Franchise terms are typically anywhere from 5 to 20 years in length, but are sometimes instead dependent on factors such as the term of your lease. Once your term is up, you may have the option to renew your agreement, typically for a smaller fee than the original franchise fee.
Do franchisors have in-house financing?
Some franchisors offer in-house financing, while others have relationships with third-party financing sources to which they refer qualified franchisees.
Why Should You Start a Rent-A-Center Franchise?
Our goal at Why Franchise is to provide you with the resources needed to be a successful franchise owner. Fill out the form below to get more information about Rent-A-Center franchise and we'll be in touch soon!
How Much Does It Cost To Open A Rent-A-Center Franchise?
There is typically a franchise fee set by the franchisor, which covers the costs of opening a franchise location. Some other commons fees include equipment fees, marketing fees, licensing fees, insurance, and taxes, to name a few.
How many franchise locations do they have?
As of the 2016 Franchise Disclosure Document, there are 152 franchised Rent-A-Center locations in the USA.
When did they begin franchising?
They began franchising in 1996. The average Home Décor franchise began franchising in 2005.
Overview
Rent-A-Center prides itself on giving customers a more affordable way to purchase new things for their homes. In recent years, the company expanded into smartphones and other types of hand-held electronics, including tablets and video game systems.
History of Rent-A-Center
The first Rent-A-Center opened more than three decades ago as one of the only shops that let customers finance items for their homes. There are now more than 3,000 shops in the chain across the country, including one in every state.
Related
Rent-A-Center is listed in the Franchise Directory under the Home Services category. It's also listed in the section for Franchises Under $10,000 .
About Rent-A-Center
Rent-A-Center is a rent-to-own industry leader with a mission to improve the quality of life for our customers.
Contact Us
Send us a message or give us a call. Our customer service team will be happy to help!
