Start-Up Costs and Fees |
||
| Room Evolutions | Aaron's Sales & Lease Ownership | |
| Investment | 190000 - 320000 | 283270 - 852975 |
| Franchise Fee | ||
| Royalty Fee | 4% | 6% |
| Advertising Fee | 1% | |
| Year Founded | 1953 | 1955 |
| Year Franchised | 2008 | 1992 |
| Term Of Agreement | ||
| Term Of Agreement | ||
| Renewal Fee | ||
Business Experience Requirements |
||
| Room Evolutions | Aaron's Sales & Lease Ownership | |
| Experience | Senior or mid- manager business experience, remodeling, or construction (home building or commercial) experience. | General business experience |
Financing Options |
||
| Room Evolutions | Aaron's Sales & Lease Ownership | |
| Franchise Fees | No | No |
| Start-up Costs | No | No |
| Equipment | No | No |
| Inventory | No | No |
| Receivables | No | No |
| Payroll | No | No |
Training & Support |
||
| Room Evolutions | Aaron's Sales & Lease Ownership | |
| Training | Initial one week orientation and ongoing | |
| Support | Newsletter, Meetings, Toll-free phone line, Grand opening, Internet, Security/safety procedures, Field operations/evaluations, Purchasing cooperatives | |
| Marketing | Marketing materials are created and available | Co-op advertising, Ad slicks, National media, Regional advertising |
| Operations | International franchisees required to buy multiple units/master licenses; 90% of all franchisees own more than one unit Number of employees needed to run franchised unit: 6 Absentee ownership of franchise is allowed. (30% of current franchisees are owner/operators) | |
Expansion Plans |
||
| Room Evolutions | Aaron's Sales & Lease Ownership | |
| US Expansion | Illinois, Indiana, Maryland, Michigan, Minnesota, New York, Ohio, Pennsylvania, Virginia, Wisconsin | |
| Canada Expansion | 0 | |
| International Expansion |
Start-Up Costs and Fees Mobile |
|
| Investment | |
| Room Evolutions | |
| Aaron's Sales & Lease Ownership | |
| Franchise Fee | |
| Room Evolutions | |
| Aaron's Sales & Lease Ownership | |
| Royalty Fee | |
| Room Evolutions | 4% |
| Aaron's Sales & Lease Ownership | 6% |
| Advertising Fee | |
| Room Evolutions | 1% |
| Aaron's Sales & Lease Ownership | |
| Year Founded | |
| Room Evolutions | 1953 |
| Aaron's Sales & Lease Ownership | 1955 |
| Year Franchised | |
| Room Evolutions | 2008 |
| Aaron's Sales & Lease Ownership | 1992 |
| Term Of Agreement | |
| Room Evolutions | 5 years +5+5+5 |
| Aaron's Sales & Lease Ownership | 10 years |
| Renewal Fee | |
| Room Evolutions | $5,000 |
| Aaron's Sales & Lease Ownership | $2.5K |
Business Experience Requirements |
|
| Experience | |
| Room Evolutions | Senior or mid- manager business experience, remodeling, or construction (home building or commercial) experience. |
| Aaron's Sales & Lease Ownership | General business experience |
Financing Options |
|
| Franchise Fees | |
| Room Evolutions | No |
| Aaron's Sales & Lease Ownership | No |
| Start-up Costs | |
| Room Evolutions | |
| Aaron's Sales & Lease Ownership | |
| Equipment | |
| Room Evolutions} | |
| Aaron's Sales & Lease Ownership | |
| Inventory | |
| Room Evolutions | |
| Aaron's Sales & Lease Ownership | |
| Receivables | |
| Room Evolutions | |
| Aaron's Sales & Lease Ownership | |
| Payroll | |
| Room Evolutions | |
| Aaron's Sales & Lease Ownership | |
Training & Support |
|
| Training | |
| Room Evolutions | Initial one week orientation and ongoing |
| Aaron's Sales & Lease Ownership | |
| Support | |
| Room Evolutions | |
| Aaron's Sales & Lease Ownership | Newsletter, Meetings, Toll-free phone line, Grand opening, Internet, Security/safety procedures, Field operations/evaluations, Purchasing cooperatives |
| Marketing | |
| Room Evolutions | Marketing materials are created and available |
| Aaron's Sales & Lease Ownership | Co-op advertising, Ad slicks, National media, Regional advertising |
| Operations | |
| Room Evolutions | |
| Aaron's Sales & Lease Ownership | International franchisees required to buy multiple units/master licenses; 90% of all franchisees own more than one unit Number of employees needed to run franchised unit: 6 Absentee ownership of franchise is allowed. (30% of current franchisees are owner/operators) |
Expansion Plans |
|
| US Expansion | |
| Room Evolutions | Illinois, Indiana, Maryland, Michigan, Minnesota, New York, Ohio, Pennsylvania, Virginia, Wisconsin |
| Aaron's Sales & Lease Ownership | |
| Canada Expansion | |
| Room Evolutions | |
| Aaron's Sales & Lease Ownership | 0 |
| International Expansion | |
| Room Evolutions | |
| Aaron's Sales & Lease Ownership | |