About Premier Rental Purchase 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 either by the franchisee or by a third party through the franchised location.
The inventory typically includes televisions, audio and video equipment, appliances, furniture, jewelry, and computers, but may also include cellphones, air conditioners, generators, electric fireplaces, tires, and custom wheels.
Franchisees operate retail storefronts serving customers who have short-term product needs, cannot meet traditional retail purchase requirements, or wish to try products before buying.
Premier Rental Purchase 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 | Greater of 3.0% of Gross Rental Payments and Sales or $2,500 per month (Marketing Contribution); $250/month to System Marketing Fund | 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 (Greater of 3.0% of Gross Rental Payments and Sales or $2,500 per month (Marketing Contribution); $250/month to System Marketing Fund) 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 (waived for transfers to controlled entities; reduced to $1,500 for death/disability) |
| 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 | Franchisor's actual costs if audit triggered by late reports or underreporting >2% |
| Missed Business Review Fee | $250 per month until attendance completed |
| Convention Fee | $150 per month per Franchisee Group (per 3 stores) |
| Buying Group Membership (TRIB) | $225 per month |
| Home Office Hosting | $300 per month |
| Training Expense Fund | $100 per month (new first-time franchisees only) |
| DispatchTrack Software | $72.50-$87.50 per month per vehicle |
| WonderSign Software | $187 per month |
| Audit Advantage (PCI/DSS) | $26.99 per month per store |
| WhipAround (optional fleet maintenance) | $15 per vehicle per month |
| Reliable Networks (cybersecurity) | $140 per month per store |
| Premier University | $25 per month per store; $35 per workbook plus shipping |
| CareerPlug Recruiting | $40 per month per location |
| QuickBooks Upload (manual entry) | $100 per month per location |
| Payroll Processing Services | ACH $100/mo, Management $100/mo, Payroll $50/employee/mo, Quarterly Tax $32.50/mo, Section 125 $30/mo, New Hire $25/employee, Returned payroll $250-$500 |
| APRO Membership Dues | $375 per year |
| Liquidated Damages - Post-Termination | $250 per day per store |
| Administrative Fee (insufficient funds) | $250 per instance |
| Interest on Overdue Payments | Lesser of 18% per annum or highest rate permitted by law |
Training Program (Item 11)
| Detail | Information |
|---|---|
| Total Duration | Multiple visits totaling approximately 12 days: Observation Day, Franchise Signing Day/Orientation (2 days), and Franchise Training (6-9 days), plus ongoing periodic training |
| Classroom Training | 32 hours (24 hours store operations + 8 hours VersiRent software online) |
| On-the-Job Training | 12 hours |
| Training Location | Development Center in Texas City, Texas; VersiRent software training online |
| Additional Training | After opening, Operating Owner or staff must attend periodic 3.5-day training sessions at the Development Center until revenue target is achieved (every 3-6 months depending on growth). After target is reached, training required once every 2 years. New store associates must complete online Premier brand standards training within 2 weeks of hire; managers within 4 weeks. |
Territory Rights (Item 12)
| Detail | Information |
|---|---|
| Territory Type | Protected |
| Exclusive Territory | No |
| Territory Size | 1-mile radius from front door of Approved Location (3-mile radius with Home Furnishings Addendum) |
| Description | Franchisee receives a Protected Territory within which Premier will not establish or franchise another store. However, the franchise is non-exclusive outside this territory. Premier retains rights to operate or license other businesses (including under other marks containing 'Premier') within or outside the Protected Territory, sell products through any channel including internet/catalog within the Territory, and allow other Premier stores to solicit customers within the Territory. Premier's affiliate acquired the ColorTyme brand which may also operate within the Territory. No compensation for sales by Premier or affiliates within the Territory. |
Renewal, Termination & Transfer (Item 17)
| Detail | Information |
|---|---|
| Initial Term | 5 years |
| Renewal Term | Two renewal terms of 5 years each |
| Renewal Fee | 50% of the initial franchise fee paid (minimum $5,000) |
| Renewal Conditions | Must give written notice 6-9 months before expiration; remodel store to current standards (up to $20,000); not be in default; satisfy all monetary obligations; sign then-current Franchise Agreement (terms may differ materially); verify ongoing lease rights; execute general release |
| Transfer Fee | $15,000 (waived for transfers to controlled entities; reduced to $1,500 for death/disability) |
| Transfer Conditions | Must be current on all amounts due; not in default; transferee must meet Premier's standards; pay transfer fee; assign customer contracts; modernize/upgrade store to current standards; sign general release; transferee must complete training and sign new agreement; all owners must sign Guarantee |
| Termination for Cause | 30 days to cure most defaults. Non-curable defaults include: failure to open by deadline, abandonment, felony conviction, unapproved transfer, bankruptcy, breach of confidentiality/non-compete, misrepresentations, repeated defaults, underreporting revenues, false books/records, unlawful conduct, failure to maintain insurance, failure to complete initial training |
| Non-Compete Period | 2 years after termination or expiration |
| Non-Compete Details | 2-year prohibition on involvement with a Competing Business (rent-to-own, lease-to-own, or retail installment contracts with seller financing) located at the Approved Location, within the DMA (Designated Market Area as defined by Nielsen Media Research) where the Store was located, or within the DMA of any other Premier store or Premier-owned 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% (the Operating Owner). If the Operating Owner leaves, a replacement must be approved within 60 days or franchisee will be in material default. The Operating Owner must complete initial training and certain subsequent training programs. All shareholders, partners, or members must sign non-competition agreements and personal Guarantees. Spouses of individual owners must also sign personal Guarantees. |
| Required Suppliers | Franchisees must use VersiRent software from Ideal Software Systems (licensed through Premier), WonderSign for website support, DispatchTrack for delivery tracking, CareerPlug for recruiting, TRIB buying group membership (through Premier), 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 contain core products (TVs, AV equipment, appliances, furniture, jewelry, computers). After 6 months of operation, must maintain minimum $300,000 inventory value. Estimated 60% of purchases must be from approved suppliers or per franchisor specifications. |
| Franchisor Revenue from Suppliers | During FY ending June 30, 2025, Premier had revenue of $48,640 from convention sponsorships by suppliers (2.2% of total revenue of $2,246,331). Affiliate Premier Pride had revenue of $346,768 from franchisees' payroll/HR services. |
Financing (Item 10)
| Detail | Information |
|---|---|
| Financing Available | Yes |
| Description | Premier franchisees may have access to a line of credit for inventory through Wells Fargo Commercial Distribution Finance, LLC. Covers up to 100% of cost of purchases from Wells Fargo-approved vendors. Works like a credit card - no interest if paid by due date. Typical annual interest rate of 23.04% if not paid on time. Wells Fargo charges a 2% Franchise Expense Allocation/Administrative Fee on EDI invoices. Requires personal guaranty from franchise owners and grants Wells Fargo a security interest in all personal property. Premier guarantees franchisee purchases through the online ordering platform. |
Premier Rental Purchase Franchise Earnings — Item 19
Average Revenue
$1.2M
Median Revenue
$797K
Revenue Range
$312K – $2.0M
Sample Size
34 units
Past financial performance does not guarantee future results. Individual results will vary.
Premier Rental Purchase Litigation & Risk Flags
Clean Litigation RecordPremier Rental Purchase 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 Purchase System Growth
Total Units
49
Franchised
49
Company-Owned
0
Premier Rental Purchase currently operates 49 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 |
|---|---|---|---|
| 2023 | 1 | 1 | 42 |
| 2024 | 0 | 0 | 42 |
| 2025 | 10 | 3 | 49 |
Transfers: 3 | Closures: 3
State Registrations
Registered in 4 states: IL, IN, MI, NY
Franchisor Financials (Item 21)
Net Income
$171K
Total Assets
$937K
Premier Rental Purchase Franchise — FAQ
The total investment to open a Premier Rental Purchase 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 Purchase charges a royalty fee of 5% of Gross Rental Payments and Sales or $2,500/month (whichever is greater) of gross sales, plus a Greater of 3.0% of Gross Rental Payments and Sales or $2,500 per month (Marketing Contribution); $250/month to System Marketing Fund contribution to the marketing/advertising fund. These fees are paid on an ongoing basis.
You can download the Premier Rental Purchase 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 Purchase to ensure you have the most up-to-date version.
According to the Item 19 financial performance representation in their FDD, Premier Rental Purchase franchise owners report average revenue of $1.2M and median revenue of $797K. This is based on a sample of 34 units. Past performance does not guarantee future results.
Premier Rental Purchase 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.
Similar Retail Franchises
Interested in Premier Rental Purchase?
Get free info on this franchise. We will send you a detailed FDD report by email.
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 Purchase 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 Purchase or any of its subsidiaries. To report an inaccuracy: info@franchiseoverview.com