Question 1

Does Aaron's Sales & Lease Ownership franchise offer exclusive territory?

Accepted Answer

Aaron's Sales & Lease Ownership offers Protected territory protection to its franchisees. This means you have limited protection from nearby competition, though some restrictions may apply.

Question 2

What is the Aaron's Sales & Lease Ownership franchise agreement term length?

Accepted Answer

The initial franchise agreement term for Aaron's Sales & Lease Ownership is 10 years. Franchisees may renew up to 1 time for 10-year periods. The total potential term is 20 years.

Question 3

What is the non-compete clause for Aaron's Sales & Lease Ownership franchise?

Accepted Answer

The Aaron's Sales & Lease Ownership franchise non-compete clause extends for 2 years within a 10-mile radius after termination or expiration of the franchise agreement.

Question 4

Can you transfer or sell a Aaron's Sales & Lease Ownership franchise?

Accepted Answer

Yes, Aaron's Sales & Lease Ownership allows franchise transfers, subject to franchisor approval and conditions outlined in the agreement. A transfer fee of $6,000 applies.