Kelly Rentals to convert to Aaron's stores
Deal covers 23 units in North Carolina, Virginia
Clint Engel -- Furniture Today, February 24, 2009
ATLANTA — Aaron Rents has reached an agreement with Danville, Va.-based Kelly Rentals to convert the 23 Kelly's Sales & Leasing stores in North Carolina and Virginia, to franchised Aaron's Sales & Lease Ownership stores.
Because of some overlap in territories, the deal will involve several acquisitions, dispositions, and account mergers between Kelly's, Aaron's, and several of Aaron's current franchisees, according to the company. When the deal is completed Kelly's will operate 15 Aaron's stores in Virginia and three in North Carolina.
Terms of the deal were not disclosed.
Kelly's also entered into an area development agreement to open three additional franchised Aaron's over the next several years, Aaron said.
"Last month marked the 25th anniversary of Kelly's operations, and we are excited to have them bring their knowledge and expertise into the Aaron's system," said Ken Butler, Aaron Rents chief operating officer.
"We are eager to explore the numerous opportunities that exist in the future to convert other rental operators into Aaron's Sales & Lease Ownership franchisees," he said.
Atlanta-based Aaron Rents has more than 1,557 company-operated and franchised stores in 48 states and Canada as well as a furniture and bedding manufacturing division.
Featured Company
-
Wright Labels
Bill and Tom Wright founded Wright of Thomasville in 1961 on the idea that printing was a creative medium and the belief that "a promise made is a promise kept." The Wright brothers focused their attention on providing exceptional printing for the... more
VIEW ALL GALLERIES
