About Premier Rental Franchise
Premier Rental-Purchase franchises offer a specialized inventory of consumer goods on a rent-to-own or lease-to-own basis, or on retail installment contracts where financing is offered by the franchisee or a third party through the franchised location.
The inventory typically includes televisions, audio and video equipment, appliances, furniture, jewelry, and computers, as well as cellphones, air conditioners, generators, electric fireplaces, tires, and custom wheels.
Franchisees operate retail store front locations serving customers who have short-term product needs, cannot make down payments for retail purchases, or want to try products before committing to buy.
Premier Rental Franchise Cost & Fees
Minimum Investment
$460K
Average Investment
$603K
Maximum Investment
$747K
| Fee Type | Amount | Notes |
|---|---|---|
| Initial Franchise Fee | $45,000 | One-time payment upon signing |
| Royalty Fee | 5% of Gross Rental Payments and Sales or $2,500/month, whichever is greater of gross sales | Ongoing; paid monthly |
| Marketing/Ad Fund | The greater of 3.0% of Gross Rental Payments and Sales or $2,500 per month | National brand fund |
| Total Investment Range | $459,675 – $746,820 | Includes build-out, inventory, working capital |
The investment range of $460K–$747K reflects variability in build-out costs, store size, lease terms, and market. The combined royalty (5% of Gross Rental Payments and Sales or $2,500/month, whichever is greater) and marketing fee (The greater of 3.0% of Gross Rental Payments and Sales or $2,500 per month) are ongoing costs paid as a percentage of gross sales.
Investment Breakdown (Item 7)
| Item | Low | High |
|---|---|---|
| Franchise Fee | $45,000 | $45,000 |
| Reservation Agreement | $0 | $500 |
| Business Plan Development Services | $0 | $5,000 |
| Site Evaluations | $0 | $1,500 |
| Lease Negotiations for Franchised Business Premises | $0 | $6,000 |
| Market Area Evaluation | $0 | $250 |
| Loan Origination Costs | $0 | $35,000 |
| Training | $1,600 | $5,000 |
| First Month's Rent and Security Deposit | $7,000 | $17,000 |
| Leasehold Improvements | $5,000 | $125,000 |
| Payroll Processing Start-Up | $1,500 | $1,500 |
| APRO Membership | $375 | $375 |
| Furniture, Fixtures, Store Security Equipment, Computer Equipment, Signs | $12,000 | $20,000 |
| Inventory | $275,000 | $350,000 |
| Ideal Software License | $3,700 | $7,695 |
| Delivery Vehicle | $0 | $2,000 |
| Insurance | $3,500 | $5,000 |
| Store Opening Promotion and Advertising | $30,000 | $30,000 |
| Additional Funds During the First Three Months of Operation | $75,000 | $90,000 |
Additional Fees (Item 6)
| Fee Type | Amount |
|---|---|
| Transfer Fee | $15,000 |
| Renewal Fee | Minimum of $5,000, Maximum of 50% of then-current initial franchise fee |
| Technology Fee | Up to 1% of Gross Rental Payments and Sales per month; currently $250 per month |
| Audit Fee | Varies |
| Convention Fee | $150 per month per Franchisee Group (1-3 stores) |
| Buying Group Membership (TRIB) | $225 per month |
| VersiRent End-User Support | $100 per month ($150 + $10/store with Home Office) |
| VPN License | $30/month first device, $10/month each additional |
| Training Expense Fund | $100 per month (new franchisees only) |
| DispatchTrack Software | $100/month + $63.60/vehicle/month |
| WonderSign Software | $187 per month |
| Audit Advantage | $26.99 per month per store |
| Reliable Networks | $100 per month per store |
| Premier University | $25/month per store + $35 per workbook |
| CareerPlug | $35 per month per location |
| QuickBooks Upload | $100 per month per location |
| Payroll Processing Services | ACH $100/mo + Management $100/mo + $50/employee/mo + more |
| APRO Membership Dues | $375 per year |
| Debt Collection Services | Up to 80% of amount collected |
| Interest on Overdue Payments | Lesser of 18% per annum or highest rate permitted by law |
| Administrative Fee | $250 per instance |
| Liquidated Damages - Post-Termination | $250 per day per store |
Training Program (Item 11)
| Detail | Information |
|---|---|
| Total Duration | Observation Day (1 day) + Franchise Signing Day/Orientation (2 days) + Franchise Training (6-9 days) across multiple visits |
| Classroom Training | 32 hours |
| On-the-Job Training | 12 hours |
| Training Location | Premier's Development Center in Texas City, Texas; VersiRent software training online |
| Additional Training | After opening, Operating Owner must return to Development Center periodically for 3.5-day training sessions until revenue target is reached. After target, training every 2 years. New store associates must complete online Premier brand standards training within 2 weeks of hire. Store managers within 4 weeks. |
Territory Rights (Item 12)
| Detail | Information |
|---|---|
| Territory Type | Protected |
| Exclusive Territory | No |
| Territory Size | 1-mile radius from the Approved Location (3-mile radius with Home Furnishings Addendum) |
| Description | Each franchise is granted a Protected Territory defined as the area within a 1-mile radius from the front door of the Approved Location. The franchisor will not establish a Franchised Business location or franchise others to do so within the Protected Territory. However, outside the Protected Territory, franchise rights are non-exclusive. The franchisor retains rights to operate, license others, and sell products under other marks within or outside the territory. The continuation of the Protected Territory is not dependent on sales volume or market penetration. |
Renewal, Termination & Transfer (Item 17)
| Detail | Information |
|---|---|
| Initial Term | 5 years |
| Renewal Term | Two renewal terms of 5 years each |
| Renewal Fee | Minimum of $5,000, Maximum of 50% of then-current initial franchise fee |
| Renewal Conditions | Must give prior written notice, remodel the Franchised Business, satisfy monetary obligations, be in compliance with expiring Franchise Agreement, sign a new Franchise Agreement for the renewal term, verify ongoing lease rights, and sign a general release. The new Franchise Agreement will likely contain materially different terms. Must also sign Renewal Addendum (Exhibit Q). |
| Transfer Fee | $15,000 (waived if transfer to entity you control; reduced to $1,500 for death or disability) |
| Transfer Conditions | Must be current on amounts due to Premier, not in default, transferee meets Premier's standards, pay transfer fee, assign customer contracts, modernize and upgrade store, sell exterior signage bearing marks, sign general release, remain liable for pre-transfer obligations, transferee signs new agreement and completes training. |
| Termination for Cause | Non-curable defaults include failing to open store by deadline, abandonment, felony conviction, proscribed conduct, unapproved transfer, bankruptcy, breach of confidentiality/non-compete covenants, misrepresentations, underreporting revenues, false records, conducting business unlawfully, failure to maintain insurance, failure to complete training. Curable defaults allow 30 days to cure. |
| Non-Compete Period | 2 years |
| Non-Compete Details | Two-year post-termination prohibition on involvement with a Competing Business (rent-to-own, lease-to-own, or retail installment business) located at the Approved Location, within the DMA where the Store was located, or within the DMA of any other Premier store or Premier-owned business. During the term, prohibited from any involvement with a Competing Business. |
Operations & Supply (Items 8 & 15)
| Detail | Information |
|---|---|
| Owner-Operator Required | Yes |
| Participation Details | The Franchised Business must be under the day-to-day supervision of an individual approved by Premier who has an ownership interest of at least 5% of the Franchised Business (the Operating Owner). If the Operating Owner leaves, a replacement must be approved within 60 days. The Operating Owner must successfully complete initial training and certain subsequent training programs. |
| Required Suppliers | Franchisees must use TRIB buying group membership, Ideal Software Systems for VersiRent software, WonderSign for website support, DispatchTrack for delivery tracking, CareerPlug for recruiting, and Premier Pride for HR services (first 2 years for new franchisees). Signs must be approved by a designated project management company. |
| Supply Restrictions | Inventory must meet franchisor specifications and minimum product standards. After 6 months, franchisees must maintain minimum inventory value of $300,000. Purchases from approved suppliers or in accordance with specifications estimated at approximately 60% of total purchases. |
| Franchisor Revenue from Suppliers | During fiscal year ending June 30, 2024, franchisor had revenue of $50,640 from convention sponsorships by suppliers (2.1% of total revenue of $2,371,586). Affiliate Premier Pride had revenue of $809,189 from franchisees' purchases of payroll and HR services. |
Financing (Item 10)
| Detail | Information |
|---|---|
| Financing Available | No |
| Description | Premier does not offer direct or indirect financing. However, franchisees may access a line of credit for inventory through Wells Fargo Commercial Distribution Finance, LLC. The financing covers up to 100% of purchases from Wells Fargo-approved vendors. Interest is charged at a daily rate (typical 0.064% daily / 1.92% monthly / 23.04% annually). Wells Fargo charges a 2% Franchise Expense Allocation/Administrative Fee on EDI invoices. |
Premier Rental Franchise Earnings — Item 19
Average Revenue
$1.1M
Median Revenue
$925K
Revenue Range
$297K – $1.9M
Sample Size
33 units
Past financial performance does not guarantee future results. Individual results will vary.
Premier Rental Litigation & Risk Flags
Clean Litigation RecordPremier Rental has no pending litigation actions listed in their FDD. There is also no bankruptcy history disclosed.
Litigation and bankruptcy data is sourced from Items 3 and 4 of the FDD. Always verify current status directly from the most recent FDD.
Premier Rental System Growth
Total Units
41
Franchised
41
Company-Owned
0
Premier Rental currently operates 41 franchised locations and 0 company-owned units. Unit count data is sourced from Item 20 of the FDD.
Unit History (Item 20)
| Year | Opened | Closed | Total |
|---|---|---|---|
| 2022 | 0 | 0 | 42 |
| 2023 | 0 | 1 | 41 |
| 2024 | 0 | 0 | 41 |
Transfers: 0 | Closures: 1
State Registrations
Registered in 15 states: CT, FL, GA, IL, IN, IA, MI, NE, NH, NY, OH, PA, TX, VA, WV
Franchisor Financials (Item 21)
Revenue
$2.4M
Premier Rental Franchise — FAQ
The total investment to open a Premier Rental franchise ranges from $459,675 to $746,820, per their Franchise Disclosure Document. This includes the initial franchise fee of $45,000. The investment covers build-out, inventory, equipment, signage, working capital, and other startup costs.
Premier Rental charges a royalty fee of 5% of Gross Rental Payments and Sales or $2,500/month, whichever is greater of gross sales, plus a The greater of 3.0% of Gross Rental Payments and Sales or $2,500 per month contribution to the marketing/advertising fund. These fees are paid on an ongoing basis.
You can download the Premier Rental Franchise Disclosure Document free on this page. The FDD is a public document filed with state franchise registries. Always also request the current FDD directly from Premier Rental to ensure you have the most up-to-date version.
According to the Item 19 financial performance representation in their FDD, Premier Rental franchise owners report average revenue of $1.1M and median revenue of $925K. This is based on a sample of 33 units. Past performance does not guarantee future results.
Premier Rental has been franchising since 2005. The FDD shows an investment range of $459,675-$746,820, a 5% of Gross Rental Payments and Sales or $2,500/month, whichever is greater royalty, and includes an Item 19 earnings disclosure. There is no pending litigation. Review the full FDD and contact current franchisees listed in Item 20 before making any investment decision.
The franchise fee is $45,000 and the total investment ranges from $459,675 to $746,820 depending on location size and market. Contact the franchisor directly for current net worth and liquid capital requirements, territory availability, and application details.
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Data Source & Disclaimer: This website is for informational purposes only. It is not an offer to sell or buy a franchise. This profile is based on publicly available FDD data sourced from state franchise registry filings. All information is for research purposes only and does not constitute legal, financial, or investment advice. Data may be outdated or contain errors. Always obtain the current FDD directly from Premier Rental and consult a qualified franchise attorney before making any investment decision. FranchiseOverview.com is operated by Franchising Compliance, LLC and is not affiliated with Premier Rental or any of its subsidiaries. To report an inaccuracy: info@franchiseoverview.com