Rent-A-Center is a rent-to-own industry leader with a mission to improve the quality of life for our customers. We understand that making decisions about big items like furniture, appliances, and electronics is a big deal, which is why we offer the Rent-A-Center Worry-Free Guarantee: We give you the name-brand items you want, like Ashley Furniture, Whirlpool appliances and Samsung electronics, at a payment you can afford with the option to own it when you’re ready. Plus, we offer 6 months same as cash, an early purchase discount, competitor price match and free same-day delivery.
Rent-A- Center is the most well known and successful rent-to-own brand in the country.
85% of Rent-A- Center stores are corporate owned and approximately 15% franchise owned. With approximately 2,400 corporate and franchised across the U.S, Puerto Rico, and Mexico our experience in the industry is 2nd to none.
From 2018-2020 Rent-A-Center engaged in an ambitious re-franchising program creating numerous successful 20 to 100 store multi-unit franchisees across the country. We also have many franchisees with 1 to 15 stores that we equally value. Our franchisees benefit from our brand and model that perform quite well across many types of economic cycles including 2020 and the foreseeable future. No corporate or franchisee stores are for sale at this time and we are not actively recruiting new franchisees currently. We encourage you to check back with us from time to time.
Cathy Skula, Executive VP Franchising
2013 (8 years)
Total Number of Units
2,314 (as of 2020)
Part-Time / Full-Time
Stock Ticker Symbol
How Much Does It Cost To Open A Rent-A-Center Franchise?
There are several costs associated with opening 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.
Some franchises may have a weekly fee that the franchisee pays for operating a Rent-A-Center franchise. The weekly fee for opening a Rent-A-Center franchise is Royalty Fee Payable The 10Th Day Of Each Month On Prior Month’S Gross Rental Payment And Sales.
The full breakdown of these fees can be found in the Financial Disclosure Document (FDD) provided to franchisees by the franchisor. The FDD report will contain additional information such as whether the franchise is renewable (Rent-A-Center Is Renewable) and does the franchise offer financing support (Rent-A-Center Rent-A-Center has relationships with third-party sources which offer financing to cover the following: startup costs, equipment, inventory).
Rent-A-Center Company Details
Here are some additional details about Rent-A-Center.
|Parent Company||Rent-A-Center Inc.|
|Net Worth Requirement||$750,000 - $3,000,000|
|Veteran Incentives||$5,000 off franchise fee|
|Term of Agreement||10 years|
|Run from Home||No|
Training and Support Offered By Rent-A-Center
Rent-A-Center offers several support options to its franchisees. With 2,314 (as of 2020) units, Rent-A-Center aims to provide support to each franchise owner to help them operate a successful franchise location. Rent-A-Center offers 126 hours on the job training, 33 hours classroom training, and No additional training.
Training and Support Offered
Here are the support options offered by Rent-A-Center.
|On-The-Job Training||126 hours|
|Classroom Training||33 hours|
Is Rent-A-Center Right For You?
Rent-A-Center has gone digital! Here are all of the ways you can find Rent-A-Center online. Oftentimes, you can reach out to current franchisees of Rent-A-Center online. Current franchisees may be able to offer personalized insights into what it is like owning a Rent-A-Center franchise and offer tips to running a successful Rent-A-Center franchise location.
Why Should You Start a Rent-A-Center Franchise?
Investing in a Retail franchise such as Rent-A-Center can kickstart your franchise portfolio. 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!