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re: How does Rent-A-Center stay in business?

Posted on 7/29/18 at 8:00 pm to Tarik One
Posted by Tchefuncte Tiger
Bat'n Rudge
Member since Oct 2004
62346 posts
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Posted on 7/29/18 at 8:00 pm to Tarik One
Now we have dumb asses renting rims for their cars. Some people are just easy targets.
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Posted by bgoodwin
Cullman, Al
Member since Sep 2011
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Posted on 7/29/18 at 8:09 pm to Tarik One
I managed a couple of these stores several years ago. We set up the contracts on an 8.5 turn, as in, the total of the rental payments was 8.5 times our cost. My stores consistently generated 21-23% net profit.
Btw, even at regular furniture stores, there is a HUGE markup.
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Posted by bgoodwin
Cullman, Al
Member since Sep 2011
599 posts
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Posted on 7/29/18 at 8:12 pm to Tchefuncte Tiger
Friend of mine in the B'ham area does rims and window tint. He brings in about $130k per year of "reported" income.
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