Rental Franchises

Today's society has become more open to the idea of sharing, which makes it an ideal time to consider a rental store franchise. The younger generations are less interested in owning many items, but are open to renting them as needed. If you are a business person who likes to pursue opportunities that are new and exciting, a rental store franchise could be the answer to your business dreams.

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Did You Know?

75.14 million Americans used car rental companies during the 12 months prior to spring 2017.

SOURCE: Nielsen Scarborough

By 2020, revenues of home health equipment rentals in the U.S. could reach about $5.3 billion.

SOURCE: Statista; US Census Bureau

Revenues of consumer electronic & appliance rentals in the U.S. could be about $9.45 billion by 2017

SOURCE: Statista; US Census Bureau

Heavy machinery and equipment rental revenues in the U.S. could reach about $39.59 billion in 2020.

SOURCE: Statista; US Census Bureau

Nielsen Scarborough

Statista; US Census Bureau

Statista; US Census Bureau

Statista; US Census Bureau

Types of Rental Store Franchises

When it comes to rental store franchises, there are a wealth of choices for a savvy entrepreneur to pick from. Traditionally, there have been rent-to-own furniture and appliance stores. But today the category also includes party rental companies, health care equipment rentals and car rental companies. The so-called sharing economy has broadened the public's perception of what things they need to own and what they can rent, making a rental store franchise an ideal business opportunity.

Why Consider a Rental Store

Owning your own business can be a huge step. A franchise offers an entrepreneur the ability to be in control of their own day-to-day business with the support and backing of a proven system. A rental store franchise offers great potential within the franchise industry for the right person. Knowing your community’s needs, what items they will be seeking on a rental basis—from yard equipment to cars to appliances to health care items—can help ensure the longevity of your franchise business.

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