Rent-A-Center Franchising Announces New Franchisee Purchasing Coney Island, N.Y. Location

Rent-A-Center Franchising Announces New Franchisee Purchasing Coney Island, N.Y. Location

June 23, 2014 // Franchising.com // PLANO, Texas – Rent-A-Center Franchising International, Inc. (RACFI), the nation’s first franchisor of independently owned-and-operated rent-to-own stores, announced today that it has reached an agreement for new franchisee Paul Anderson to purchase the Coney Island, N.Y. Rent-A-Center corporate location and take over as owner.

Anderson is a former Rent-A-Center corporate coworker, who has over 24 years of experience in the rent-to-own industry. He began working for RTO industry icon Ernie Talley at the store level, and worked his way up through the company, holding a number of roles, including 11 years as a District Manager, before making the decision to become a franchisee.

"When making this decision, I remembered how Rent-A-Center never held me back in my career," said Anderson. "The values which I have experienced with RAC are the same that I hope to continue to pass along as a franchisee. Additionally, they made the process of going from a corporate employee to a franchisee very easy."

Following the purchase of the Coney Island location, Anderson has plans to open another Rent-A-Center franchise store in the greater New York City area in the near future.

"Having worked with Paul in the past as district managers, I am very excited that my team has been able to help him realize his entrepreneurial goal of owning his own Rent-A-Center store," said Rent-A-Center Franchising International Senior Vice President Cathy Skula. "He is a seasoned operator who understands the business and cares deeply about serving his customers."

As a new Rent-A-Center franchisee, Anderson will have the full support of both RACFI and its parent company, Rent-A-Center, the world’s largest rent-to-own brand. This support will include marketing, training and finance as well as enhanced operational capabilities.

The new Rent-A-Center franchised store will be located at 3021 Mermaid Avenue in Brooklyn. They can be reached by phone at (718) 265-3854. Additional information for this store can be found at www.rentacenter.com.

About Rent-A-Center Franchising International

Rent-A-Center Franchising International, Inc. (formerly ColorTyme, Inc.), founded in 1979, is America’s first franchisor of independently owned-and-operated rent-to-own stores. Its franchisees operate 154 rent-to-own stores in 33 states under the Rent-A-Center and ColorTyme brand names, and the company’s custom-wheels-and-tires franchise brand, RimTyme, operates 27 stores in 10 states. For more information on how to become a Rent-A-Center Franchising International franchisee, visit www.rentacenterfranchising.com.

About Rent-A-Center

Rent-A-Center (NASDAQ: RCII), headquartered in Plano, Texas, is the world’s largest rent-to-own company, operating more than 3,170 stores and over 1,355 AcceptanceNOW kiosk locations in the United States, Puerto Rico, Canada and Mexico. The Company employs over 21,000 coworkers. Learn more at www.rentacenter.com.

SOURCE Rent-A-Center

Contact:

Matthew Harris
Manager of Public Relations and Communications
972-403-4907
matthew.harris@racfranchising.com

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