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Aaron’s Inc. – the Renowned Market Leader in Leasing and Selling Household Necessities
Aaron’s Inc. is one of the leading lease-to-own retailer chains in North America, strictly focusing on retail sale and lease of household goods such as electronics, furniture, computers, and other appliances. Aiming at becoming the #1 company in both traditional as well as virtual RTO (Rent-to-own) space, the company continuously strives for expanding its reach across global corners by opening new franchises worldwide.
Having a vast market presence across Canada and the US with more than 2000 stores, the company operated stores are 1326 whereas independently owned stores are 782. Moreover, it also operates numerous franchised stores in about 48 countries. As of now, the company is meticulously seeking for ideal properties on lease for investment to increase their number of franchises and create bigger employment opportunities.
Its current financial status
Trading under the NYSE (New York Stock Exchange) company with the ticker name AAN, Aaron’s Inc. is a public holding with current market value of 1837.5183 as per the report of Hoover’s. Moreover, according to NASDAQ, the total revenue of the company has shown a tremendous increase over the years. As compared to its net revenue of $2,212,827 in 2012, the year 2015 marks a high rise to $3,179,756 thereby ensuring a gross profit of $1,449,909.
Operating since 1955, the company holds a consistent and reliable financial stability over the years. According to a renowned entrepreneur magazine of Franchisee 500, the company ranked 21st out of the 1000 franchise concepts. Additionally, the Forbes, magazine ranks Aaron on 3rd position in its list of top 20 franchises for the buck.
Talking about the company’s sales, Hoover’s predict an overall sales growth of 16.68% over the past five years. At present the net sales of the company is $3,179.76.This further leads to a tremendous growth percent in its net income too. The year 2016 marks an overall increase of 73.47% in its income growth that accounts for $135,709 applicable for all common shareholders.
The major credit for such remarkable growth of the company goes to its dedicated employees. At present, Aaron’s Inc. combines a complete team of more than 12,700 employees that accounts for 2.42% growth overall according to Hoover’s.
The history behind its origin
Charles Loudermilk laid the very foundation stone of Aaron Rents Inc. back in the year 1955 that began to flourish by 1984 and became the largest company of furniture rental in America. The year 1992 marks the introduction of its franchise program to accelerate their store expansion worldwide and satisfy the growing demands of consumers. Having its headquarters in Atlanta, Georgia, USA, with continuous business development, the company established its 2000th store by the end of 2012.
In the year 2014, John W. Robinson took over the position of CEO from Ronald W. Allen and announced several plans for reshaping the core business. Since then, the company is aggressively focusing on its revenue growth, online presence, cost efficiency, new stores growth and strengthening the network of franchise.
Working towards franchise expansion
Contributing effectively to its franchise expansion plan, the company offers a distinctive business opportunity for everyone, allowing you to become your own boss. The company is creating innumerable opportunities for real estate sites selection, store design and lease negotiation for you. A typical franchise store of Aaron’s spreads across a total area of 6000 to 8000 sq. ft. and the overall lease term varies between 10 years to 20 years.
Moreover, the company also has a policy of lease extension from 20 to 40 years if you are further interested in selling and leasing its products. Throughout the lease term, the company also assures a 10% increase in the rent after every 5 year. The minimum amount that you need to invest in the corporate lease with the company varies from $1 M to $3 M with CAP rate ranges between 6.5% -7.5%.
Aaron’s Properties For Sale Across the United States :
Alabama, Alaska, Arizona, Arkansas, California, Colorado, Connecticut, Delaware, District of Columbia, Florida, Georgia, Hawaii, Idaho, Illinois, Indiana, Iowa, Kansas, Kentucky, Louisiana, Maine, Maryland, Massachusetts, Michigan, Minnesota, Mississippi, Missouri, Montana, Nebraska, Nevada, New Hampshire, New Jersey, New Mexico, New York, North Carolina, North Dakota, Ohio, Oklahoma, Oregon, Pennsylvania, Puerto Rico, Rhode Island, South Carolina, South Dakota, Tennessee, Texas, Utah, Vermont, Virginia, Virgin Islands, Washington, West Virginia, Wisconsin, Wyoming