The Leeds Local Appliance Rental franchise, established 2 years ago and with an existing gross rental book of £135,000 is being marketed for sale.
Local Appliance Rental (LAR) franchises provide an affordable rental service, helping families to rent the latest appliances, TVs, electronics, furniture and more. Products are purchased on behalf of the customer, who then commit to a 2-3 year rental agreement.
The franchise model is an established one, having been trading for 10 years and franchising for 7 years. There is a network of 150 franchisees globally (55 are in the UK), of which the more mature now deliver annual 6 figure earnings. The business is registered with the FCA and operates within their guidelines.
While it typically takes time to build up the initial rental book, as a franchise resale, the purchaser of the Leeds LAR franchise will inherit an existing rental book of c £135,000, ensuring an immediate stable weekly cash flow and earnings of c £56,000 (before reinvestment).
The Benefits of a Local Appliance Rental Franchise:
“I would highly recommend this franchise to anyone out there looking to build their own business. Low overheads, you can work flexible hours and most importantly the business model works and is easily scalable. Highly ethical and very proactive towards responsible lending.”
RH Franchisee
LAR franchises are best suited to personable, savvy business operators with the hunger and resilience to build and maintain a sustainable income stream. The guide price for the assets (including the existing rental book) and goodwill of the Leeds LAR franchise is £145,000.
The business is being marketed by [Web Link Censored]. Please do not contact the vendor directly.
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