Local Appliance Rentals
Description: Be the bank by building a Local Appliance Rentals franchise, earning regular passive income from renting over a medium to long term. Appliances, TVs, Electronics, Furniture, Bedding, Gaming and more. Opportunities: Across UK & Ireland. Business Type: Franchise. Minimum Investment: £49,500. Financing Assistance: Yes, through a third party. Training Provided: Yes. Home-based: Yes.
Local Appliance Rentals
You Name It, We Rent It
Why wait when you can rent it today?
LAR are the obvious first choice experts in consumer hire, renting anything and everything from appliances, TVs, electronics, furniture, smartphones, bedding, gaming for the kids and more. Typically, over 24 months.
‘You Name It, We Rent It’.
Small weekly affordable payments — and LOTS of them with an 80% retention rate!
No stores are required and an unlimited finance facility from Head Office is available after three months of operation once franchisees hit their basic KPIs. LAR have been in business for 10 years and franchising for six years, have over 150 franchisees worldwide, including almost 50 franchisees in the UK with exceptional growth. This complete package includes comprehensive training on policies, procedures, sales & marketing, and even more importantly, permanent genuine ground level support every day. The results speak for themselves with many franchisees owning 3-5 territories over time indicating the model is highly scalable.
LAR welcomes regulation in the sector because they are highly proactive towards responsible lending, affordability, caring for customers and remaining flexible towards customers always.
What is unique about LAR? “We actually want and look forward to a long-term relationship with our customers” says multi-unit franchisee Byron Hill who is also Franchise Sale Manager for UK and Ireland.
This is a high return franchise with expected earnings exceeding £300k from 500 customers after two years of growth. All this from £50k - £100k investment which is spread as you grow in your first 12 months especially. Earn a £25k salary in the first year and £50k in second year until dividends kick in after 24 months. Why not look for a buyer at circa three times earnings after minimum two years or we can discuss potential buybacks at two times earnings once certain KPIs are in place after two years of established operation.
Minimal overheads, low staff numbers and huge demand in a proven unsaturated market.
LAR will tailor a business to the 100% owner/operator working from home as a ‘mobile operation’, to the passive investor wanting to utilise Head Office’s expertise for passive returns starting from £100k investment levels.
LAR welcomes all expressions of interest. LAR is looking for new energetic partners with an appetite for growth and success. Enquire today to reserve your territory as this franchise is moving exceptionally fast!