Rent-to-own franchises - Rimco

Rimco

Mark Rudnick (mark.rudnick@aaronrents.com)

309 E. Paces Ferry Rd., N.E.

Atlanta, GA 30305

678/402-3602

www.rimcofranchise.com

Type of rent-to-own business: Wheels and tires

Company-owned stores: 19 Franchise-owned stores: Two opening up any day now.

Expansion plans: “I’ll answer that question to you, the same as I tell Ken Butler, my boss,” says Todd Evans, vice president of franchising for Rimco, who is referring to the CEO of Aaron’s. “I can’t tell you how many franchises we’ll have three to four years from now, but everyone that we do have, will be successful.”

Type of franchise owner they’re looking for: A self-starter with some experience and maybe a few battle scars.

Why they’re different: All the benefits of a giant corporation and all the freedom and flexibility of a franchise that’s just getting started.

What they’ll do for you: “We’re taking the same successful business model that we’re using at Aaron’s and applying it to Rimco,” says Evans. “Franchising work is parallel to all others in the industry. Whether you’re changing oil at Jiffy Lube or squeezing out yogurt at TCBY or flipping burgers at McDonald’s, the business of franchising your business is the same.”

License master franchise rights: No

Selling primary multiple store location agreements: Yes

Selling franchise agreements for just one store: Yes

Active franchisee advisory board: Not yet, but for now, they can rely on Aaron’s advisory board

Net worth of candidate: Minimum of personal tangible worth of no less than $450,000

Franchise fees: $35,000

Royalties: 6 percent

Advertising co-op: Not yet, but eventually it’ll be one half of 1 percent for ad product and 2 percent for actual advertising