Aaron's Franchise

Aaron's Inc. specializes in leasing and selling household furniture, electronics, computers, and appliances. The FDD details various aspects of starting and operating an Aaron's Sales & Lease Ownership® franchise. Key points from the document include:

Investment Information

• Initial Investment Range: $283,270 to $852,975
• Initial Fees: $39,370 to $85,375 (payable to the franchisor and affiliates)

Business Model

• Operations: Franchises lease and sell products primarily to customers who prefer payment plans over outright purchases.
• Store Locations: Typically located in moderate-income neighborhoods, either in free-standing buildings or strip shopping centers.
• Franchise History: Aaron's began experimenting with the lease purchase business model in 1983 and started franchising in 1992.

Unique Selling Points

• Brand Recognition: Aaron's is one of the nation's largest furniture lease and sales companies.
• Diverse Product Range: Offers residential and office furniture, consumer electronics, home appliances, and accessories.
• Flexible Payment Options: Weekly, semi-monthly, or monthly payment plans, with the option for customers to own the products after a specified term.
• Support and Training: Franchisees receive support in technology, management, inventory control, advertising, and other operational aspects.

Key Takeaways

• Comprehensive Support: Aaron's Inc. provides extensive training and operational support to franchisees.
• Established Market Presence: Long-standing brand with a significant number of company-owned and franchised stores.
• Investment Flexibility: The total investment required can vary significantly, providing options for different levels of capital availability.