Rent-A-Center
Retail Retail StoresCompany Information
Address
5501 Headquarters Drive Plano, Texas 75024
Website
Tel
Email
Franchimp Summary Rating
Lower than 0% of peers
Franchise Summary
Description
The franchises described in this Disclosure Document are for rental businesses which provide "rental purchase"programs for a specialized inventory of rental products, such as major consumer electronics, appliances, furniture, computers, tiresand jewelry, as well as the sale of related accessories. In addition, in states with favorable laws, a small number of our Rental Stores offer financial services, including payday loans and title loans.
Company Background
Rent-A-Center is a rent to own company that provides "rental purchase" programs for customers looking to rent items like televisions, audio/video equipment, appliances, furniture, jewelry and computers. They also offer financial services including payday loans and title loans in states with favorable laws. Rent-A-Center has more than 3,400 stores across the United States and Canada.
Franchise Opportunity
In today's economy, more and more people are finding themselves unable to purchase the items they need, such as appliances or furniture. Renting these items instead of buying them can be a great solution in the short-term, but often comes with high interest rates and other associated fees. Rent-A-Center offers rental purchase programs that allow you to rent the products you need without accruing high interest rates or other associated fees. We also offer financial services, including payday loans and title loans, in states with favorable laws.
Corporate Structure
We are a wholly-owned subsidiary of Rent-A-Center Inc., our parent and affiliate, whose principal business address is 5501 Headquarters, Plano, Texas 75024.
Investment and Franchisee Fees
The total investment necessary to begin operation of a Rent-A-Center Rental Store ranges from $355,100 to $559,525.
Employee Contact Database
| # | Name | Position | Phone Number | Email Address |
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Distribution of Rent-A-Center Franchisees
Rent-A-Center Franchise System Development in 2020
FAQ
How much investment do I need to start my own Rent-A-Center business?
Franchisees typically require at least $355 to $560 investment to get their Rent-A-Center business started
What are the initial franchise fees for Rent-A-Center?
Franchisees typically need to pay at least $120 in fees directly to Rent-A-Center in order to earn the right to launch their business
How much money can I make with a Rent-A-Center franchise? What are
the average revenues for a typical Rent-A-Center business?
We haven’t done the math on how much revenue a typical
Rent-A-Center brings in each year. We estimate that other
franchisees in the Retail industry generate
$1,203,797 revenue, so we would expect
Rent-A-Center to generate a similar amount
How long do I need to commit to running a Rent-A-Center unit? What
is my contractual commitment?
The standard length for an initial franchise contract is 10 years. Renewals are
also generally 10 years
Accessibility
The Franchisor's investment costs ranges from
$10,005 to $38,076
which is
Much Lower
than the $0 to $0 average in the Retail Stores 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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