3/10

Franchimp Summary Rating

3 /10
Higher than 79% of peers

Franchise Summary

Description
We offer franchises for a business which provides consumer goods such as furniture, appliances, computers, electronics, and jewelry to customers on a rent-to-own or lease-to-own basis or on retail installment contracts where financing is offered by the seller at the location.
Company Background
Premier Rental-Purchase is the leading provider of rent-to-own and lease-to-own consumer goods. With a single visit, you can access our large selection of items including furniture, appliances, computers, electronics and jewelry. We offer two ways to buy: on retail installment contracts where financing is offered by the seller at the location or through traditional rental agreements with payments made weekly or monthly over an agreed period of time. Shop now!
Franchise Opportunity
Buying furniture, appliances, computers, electronics, and jewelry can be a big investment. You may not have the cash on hand to make the purchase outright, or you may not want to commit to a full purchase. Renting or leasing these items can be a great option in those cases, but it's not always easy to find a rental-purchase location near you. Premier Rental-Purchase offers franchises for a business which provides these types of consumer goods to customers on a rent-to-own or lease-to-own basis. We also offer retail installment contracts where financing is offered by the seller at the location. This makes it easy for you to get the furniture, appliances, computers, electronics, and jewelry that you need without having to pay up front.

Distribution of Premier Rental-Purchase Franchisees

Premier Rental-Purchase Franchise System Development in 2016

FAQ

How much investment do I need to start my own Premier Rental-Purchase business?
Franchisees typically require at least $367,475 to $630,070 investment to get their Premier Rental-Purchase business started
What are the initial franchise fees for Premier Rental-Purchase?
Franchisees typically need to pay at least $15,000 in fees directly to Premier Rental-Purchase in order to earn the right to launch their business
How much money can I make with a Premier Rental-Purchase franchise? What are the average revenues for a typical Premier Rental-Purchase business?
We haven’t done the math on how much revenue a typical Premier Rental-Purchase brings in each year. We estimate that other franchisees in the Professional Services industry generate $932,459 revenue, so we would expect Premier Rental-Purchase to generate a similar amount
How long do I need to commit to running a Premier Rental-Purchase unit? What is my contractual commitment?
Premier Rental-Purchase franchisees are typically required to sign up to a 5 year contract initially. The renewal length is 5 years. You can of course exit early but don’t expect to get any refund!

Accessibility

3 /10
The Franchisor's investment costs ranges from $156,330 to $233,450 which is Much Higher than the $0 to $0 average in the Decorating & Home Design industry
What determines the investment cost?
Item 7 of the Franchise Disclosure Document lays out the full list of initial investment costs, including the fee payable to the franchisor, security deposits, equipment, professional fees etc

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