Rent-to-Own

Premier Auto By Rent

Wayne Lewis (info@premierrents.com)

P.O. Box 244
Lightfoot, VA 23090 800/2-Premier
www.premierrents.net

Type of rent-to-own business: Auto Rent/Lease-to-own

Company-owned stores: 5

Franchise-owned stores: 2

Expansion plans: 3-5 franchised stores this year

Type of franchise owner they’re looking for: Auto experience or rent-to-own experience with management background

Why they’re different: Better ROI with fewer customers, higher priority payments, better residual value on vehicles, payment control devices, more recyclable

What they’ll do for you: Turnkey training, up to 4 weeks training in company stores, Operations Manual, Marketing support, operational software, scoring system, national website, Trademark use, supply exclusive aftermarket products, ongoing training available m-f 9-6, Human relations services available, also available we help build business plan and bank presentation package, refer vendors for all necessary products.

License master franchise rights: N/A

Selling primary multiple store location agreements: Yes

Selling franchise agreements for just one store: Yes

Active franchisee advisory board: In development

Net worth of candidate: :$250,000 minimum 

Franchise fees: 19,995 first 5, 29,995 after first 5 sold

Royalties: $35/new contract/ mo— $17.50/active contract/mo

Advertising co-op: None