Aarons 2008 Annual Report Download - page 14
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Please find page 14 of the 2008 Aarons annual report below. You can navigate through the pages in the report by either clicking on the pages listed below, or by using the keyword search tool below to find specific information within the annual report.-
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Exceptional franchise
network
Our exceptionally strong franchise business, now in
its 17th year, enables the Company to leverage the
Aaron’s name and accelerate
the growth of the sales and
lease ownership concept.
In addition, the pipeline
of franchised stores to be
opened in the next several
years provides visibility of
growth. During 2008,
we awarded 149 new
franchised locations
and ended with 282
stores in the pipeline.
Some of our most
successful franchisees
fulfillment
centers
%
Debt to
capitalization
ratio
have dozens of locations and have been part of the
Aaron’s family for over a decade. At the beginning
of our franchise program, Aaron’s focused primarily
on major markets but it has also proven to be well-
suited for smaller rural and ex-urban markets. The
franchise concept continues to be a strong vehicle
of profits and growth for Aaron’s, demonstrated by
the 19% increase in revenues that our franchise
system, in the aggregate, recorded for 2008. Over
50% of our franchised stores are less than five
years old and are still in the maturation phase.
An active franchisee network allows our franchise
partners to share best practices and to benefit
from the extensive in-house training opportunities.
The financial success of our franchise network is
a testament to the Aaron’s business model, and
it is a source of pride that the Aaron’s culture is
reflected throughout our franchise community.
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