Comparing Rent to Own Franchise Information For Prospective Investors

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Comparing Rent to Own Franchise Information For Prospective Investors

So, you are thinking of starting up your own rent-to-own franchise. What sort of people are the major franchisers looking for? And which of the franchisers is right for you? Generally speaking the franchisers want leaders with a true entrepreneurial spirit.

As David Ingram, who is the CEO of one of the smaller franchisers states, Easyhome franchise information is looking for captains of football teams, not simply football players. Perhaps this is because Easyhome has almost 200 company-owned stores, but up til now just one store operated by franchise. Ingram wants franchise owners who will build large Easyhome franchise territories, rather than just operating at one location at a time. But Ingram is also looking for people who are new to Franchising and have a pioneering spirit.

He wants franchise owners who are as aggressive as he is. He points out that Easyhome is a young and still-small company in its field, which gives him an urgency and need for speed to grow as quickly as possible. The advantage of signing up with Easyhome is precisely the adaptability and willingness to make changes which comes with a new and fresh outlook. But Easyhome is not an amateur enterprise by any means - franchise owners can draw upon the marketing creativity and expertise of an experienced rent-to-own management team which historically has brought in double-digit revenue growth.

Choosing an older, more established firm also has its advantages. According to Colortyme franchise information, one advantage of working with a huge, established franchiser is the low initial investment which the franchise owner has to put up. In the case of Colortyme, this can be as low as $140,000 (half of what other rent-to-own franchisers require), and yet Colortyme, which specializes in home furnishings and appliances, is an industry leader in marketing support and total financing for its owners.

According to Colortyme's Jim Deering, Colortyme is unique in providing inventory financing, flexible and substantial programs for buying merchandise, and terrific marketing and graphics support. Colortyme's experience in the field (it has no company-owned stores but over 200 franchises) enables franchise owners to open their store in from 3 to 6 months after they sign the franchise agreement. Colortyme has training programs for all positions, and it provides marketing materials that are the best in the business. Colortyme presently operates in 34 states, and has an aggressive plan to expand nationally, which offers unique opportunities for development throughout the country.

Another example of a smaller franchise operation, which specializes in both rent-to-own as well as retail performance tires and custom wheels, is Rent n Go. According to Rent n Go Franchise information, the company is just starting up, with three franchise-owned stores, but with plans to expand throughout the U.S. Rent n Go is actively seeking candidates for its franchises who have already successfully proved themselves in rent-to-own management positions and who have a good understanding of the dynamics of rent-to-own.

Like Easyhome, Rent n Go wants aggressive franchise owners who have a true entrepreneurial spirit, who know how to work within a franchise environment, and who have enough start-up capital to launch a successful Rent n Go franchise. Because they are new in the field, Rent n Go strives to be the very, very best at everything it does, and is deeply committed to the idea of continuous improvement. Their franchise owners will be overwhelmed with support and service from the company's personnel and suppliers.