Aaron's Sales & Lease Ownership
Yes, we actively support the inclusion and development of minority-owned franchises in the Aaron's Sales & Lease Ownership system.
Aaron's Sales & Lease Ownership
309 E. Paces Ferry Rd., N. E.
Atlanta, GA 30305-2377
800#: (800) 551-6015
Tel: (678) 402-3445
Fax: (678) 402-3540
E-mail: jim.thrash@aaronrents.com
Web Site: www.aaronsfranchise.com
Contact: Mr. Jim Thrash, Director of Franchising
AARON'S SALES & LEASE OWNERSHIP is one of the fastest-growing retail companies in the U.S., specializing in furniture, electronics and appliances. AARON'S SALES & LEASE OWNERSHIP offers franchisees the expertise, advantages and support of a well-established company, plus the opportunity to realize a significant financial return in a booming market segment.
Franchisor Background
Established: 1955
First Franchise: 1992
Franchise Units: 383
Company-Owned Units: 766
Total Units: 1149
Distribution:
> North America -- Operations in 47 States
> States/Provinces with Greatest Density: TX, FL, GA
Units Owned by Minorities:
>African-American:
>Hispanic:
>Asian-American:
>Native American:
>Other: 8 E. Indian
Average Number of Employees: 6 FT (FT = Full Time, PT = Part Time)
Space Needs: 8,000 SF; SC
(for abbreviations click here)
Financial Requirements
Cash Investment: $300K
Total Investment: $254-559K
Average Total Investment: $406K
Minimum Net Worth: $450K
Fees
>Franchise: $50K
>Average Franchise Fee: $50K
>Royalty: 6%
>Advertising: 2.5%
Provide Earning Claim Statement: Yes
Terms of Contract
Term of Contract (Years): 10/10
Passive Ownership: Allowed
Area Development Agreements:Yes/Varies
Sub-Franchising Contracts: No
Expand In Territory:Yes
Franchisor Support and Training Provided
Site Selection Assistance:Yes
Lease Negotiation Assistance: Yes
Cooperative Advertising: Yes
Franchisee Assoc. / Member: Yes
Size Of Corporate Staff: 3,500
On-Going Support: A,B,C,D,E,F,H,I (for an explanation click here)
Training: 3 Weeks Corporate Headquarters; 2 Weeks Minimum On-Site; On-Going Varies.
Specific Minority Program(s) in Place: Although we strongly support the objectives of the NMFI, we do not yet have any specific programs in place at this time.
Franchisor's Specific Expansion Plans
U.S.: All United States
Note: NR = No Response by Franchisor.
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