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General

Industry

Real Estate

Category

Property Management

SBA Identifier

S1424

Year of Founding

2010

Fees

Marketing Fee

2%

Royalty Fee

5%

Franchise Fee

$1,000-$10,000

Investment Range

$15K-$50K

Location units

Total U.S. Locations

25

U.S. Franchised Units

15

U.S. Corporate Units

10

Headquarters (City)

Eden Prairie

Other

Item 19 - Franchise Financials

No

Financing Availability

yes

Started Offering Franchises

2011

Issuance of FDD Data

10/17/2019

What to know about Renters Warehouse franchise?

The franchise offered under this Disclosure Document is for the operation of an existing franchised RENTERS WAREHOUSE business ("Business") that provides property management and tenant placement services to owners and landlords of single family residences, condominiums, townhomes and apartments, as well as services in connection with buying or selling properties.

Renters Warehouse is based in Eden Prairie, MN. Scroll down to learn more!

How much does a Renters Warehouse franchise cost?

Are you wondering how much is a Renters Warehouse franchise? Before starting a Renters Warehouse franchise, it is important to know the franchise fee, working capital and other costs required to start the business.

The minimum investment amount required to open a Renters Warehouse franchise is $14,819 and can go all the way up to $50,405. Keep in mind, you should also allocate additional funds to live off of while the Renters Warehouse business ramps up. This can take as little as 6 months to over 2 years depending on the franchise opportunity. You should speak to at least 5 Renters Warehouse franchisees to understand the true cost of opening the franchise and how long it takes to: 1) start a Renters Warehouse business 2) pass break even 3) hit significant income.

After (and if) you pass the point of earning significant income from your Renters Warehouse franchise, there may be enough margin to hire a day-to-day manager and work less hours in the business.

Franchise Net Unit Growth

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Industry Report Request

Download our guide to compare Renters Warehouse. Hotels to the Property Management, Outdoor Real Estate industry.

Franchise Data

Year Start of Year Units Opened Units Closed End of Year
2016 26 0 0 16
2017 16 0 0 15
2018 15 0 0 15

Additional Details

How much does a Renters Warehouse franchise owner make?

Renters Warehouse franchise earnings and revenue can vary significantly from one franchisee to another.
The Renters Warehouse franchise owner profits can be influenced by labor costs, lease rates, hours worked as well as other factors.

Renters Warehouse unfortunately does not disclose financials on how much Renters Warehouse franchise owners make. This means they do not disclose sales or earnings for franchisees operating in the U.S.

Every franchisor is required by law to disclose income statements and balance sheets for how the franchisor is performing but not for the franchisee level. Unfortunately, Renters Warehouse does not make it easy to understand franchisee financial performance. This can be seen as a red flag and it is important to be that much more diligent in your conversations with Renters Warehouse franchisees. Do note that Renters Warehouse is not alone as about 40% of franchises do not disclose franchisee financial performance.

At Vetted Biz, we suggest you to speak with 5 to 10 Renters Warehouse franchisees to understand how much money they are making from their Renters Warehouse business.

You should also speak to former Renters Warehouse franchisees to understand why they left the system. Did they sell their Renters Warehouse at a profit? Were they forced to close their Renters Warehouse franchise down because it kept losing money?

What is the Renters Warehouse franchise fee?

Owning a Renters Warehouse franchise requires 5% royalty fee and 2% marketing fee. These two expenses represent the main ongoing costs you can expect to pay the franchisor throughout the franchise relationship. There may be other ongoing fees disclosed in the Renters Warehouse Franchise Disclosure Document

Keep in mind, there is also an initial Renters Warehouse franchise fee of $1,000 that is included in the initial investment amount of $14,819 to $50,405. Depending on the franchise agreement you sign, you might have to pay the full franchise fee again if you decide to extend the Renters Warehouse franchise relationship. Consult with a licensed franchise attorney to understand exactly what you receive for paying the Renters Warehouse franchise fee of $1,000.

Visit the Renters Warehouse metrics tab to explore the financials for this business, royalty and marketing fees compare to other Real Estate franchises. You can also compare these fees for 2,000+ franchises currently offered in the U.S.

When was Renters Warehouse founded?

Renters Warehouse started offering franchises in 2011. Renters Warehouse was founded 12 years ago in 2010.

At Vetted Biz, we recommend franchises have 3-5 corporate locations and 5+ years of experience before offering a franchise. There needs to be proof that the business model works and is replicable before offering the franchise to other!

How many Renters Warehouse locations are in the U.S.?

As of 2019, there were 15 locations across the U.S. There are also 10 corporate locations. Most Real Estate franchises like Renters Warehouse have more franchised locations than corporate locations.

How many Renters Warehouse franchises opened over the past few years?

Over the prior 3 years we have data for, Renters Warehouse has opened 0 outlets throughout the U.S. Visit the Renters Warehouse metrics tab to explore how the openings compare to other Real Estate franchises.

How many Renters Warehouse franchises closed over the past few years?

Over the prior 3 years we have data for, Renters Warehouse has closed 0 outlets throughout the U.S

Visit the Renters Warehouse metrics tab to explore how the openings compare to other Real Estate franchises.

Is Renters Warehouse growing? Are they opening more locations than they are closing?

The net unit growth rate for Renters Warehouse over the past 3 years is -42%. Over the last year we have data for, Renters Warehouse had a net unit growth rate of 0%.

Without a comparison, this number doesn’t mean much. Compare how the Renters Warehouse growth rate compares to 2,000+ other franchises and Industry franchises like Renters Warehouse. More info in the Renters Warehouse metrics tab.

Is Renters Warehouse franchise eligible for an SBA Loan?

Renters Warehouse is eligible for SBA loans including the 7(a) loan. To find out more about the SBA loan program for franchising click here.

Renters Warehouse franchise was assigned the SBA Franchise ID of S1424 on 10/01/2017. This DOES NOT mean the SBA endorses this franchise. The SBA Franchise Directory will only include business models like Renters Warehouse that are reviewed and found eligible under SBA’s affiliation rules and other eligibility criteria. Currently, there are over 7,000 franchise opportunities that the SBA has deemed eligible for SBA financing.

Is Renters Warehouse a franchise in the United States?

According to the SBA, Renters Warehouse meets the Federal Trade Commission (FTC) definition of a franchise. The FTC Franchise Rule requires franchisors to provide all potential franchisees with a disclosure document (FDD) containing 23 items about the franchise, its officers, and other franchisees. Be sure that Renters Warehouse provides you with an FDD if you are in discussion to buy a Renters Warehouse.

What is the Renters Warehouse Franchise for Sale Rate?

The Renters Warehouse systemwide health and franchisee satisfaction can be measured by the Renters Warehousefranchise for sale rate. The franchise for sale rate is calculated by the percentage of units transferred to new franchisees and reacquired by franchisor.

Renters Warehouse franchise for sale rate over the past 3 years is 44%. Over the last year we have data for, Renters Warehouse had a franchise for sale rate of 0%.

Without a comparison, this number doesn’t mean much. Compare how the Renters Warehouse franchise for sale rate compares to 2,000+ other franchises and Industry franchises like Renters Warehouse. More info in the Renters Warehouse metrics tab.

What is the Renters Warehouse Franchise Failure Rate?

Renters Warehouse franchise failures comprise franchise terminations, franchise non-renewals, and franchises that ceased operations for other reasons. The failure rate is one of the most important franchise metrics to consider when investing in a franchise!

Renters Warehouse failure rate over the past 3 years is 0%. Over the last year we have data for, Renters Warehouse had a franchise failure rate of 0%.

Without a comparison, this number doesn’t mean much. Compare how the Renters Warehouse franchise for sale rate compares to 2,000+ other franchises and Industry franchises like Renters Warehouse. More info in the Renters Warehouse metrics tab.

How can I find out more details on Renters Warehouse franchise?

Visit the Renters Warehouse metrics tab to explore franchise profitability, industry comparables and more. Become a Vetted Member today today for exclusive access on this franchise opportunity!

Investment Midpoint

The average of the low and high range of the investment amounts calculated from the most recently available Franchise Disclosure Document

Renters Warehouse

$32,612

Industry median

All franchises median

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Royalty Fee

The median royalty fee from the Franchise Disclosure Document

Renters Warehouse

5%

Industry median

All franchises median

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Franchise Fee Midpoint

Payment that the franchisee must pay to the franchise owner in order to start a franchise.

Renters Warehouse

$5,500

Industry median

All franchises median

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Item 19 – Financial Performance Representations

Historical financial performance representations

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Franchise Financials

Franchisor company financial information and financial performance representations, if disclosed by the franchisor.

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Franchise Disclosure Document

Download Latest FDD (2019)

General

Industry

Real Estate

Category

Property Management

SBA Identifier

S1424

Year of Founding

2010

Fees

Marketing Fee

2%

Royalty Fee

5%

Franchise Fee

$1,000-$10,000

Investment Range

$15K-$50K

Location units

Total U.S. Locations

25

U.S. Franchised Units

15

U.S. Corporate Units

10

Headquarters (City)

Eden Prairie

Other

Item 19 - Franchise Financials

No

Financing Availability

yes

Started Offering Franchises

2011

Issuance of FDD Data

10/17/2019

Detailed Franchise metrics for Renters Warehouse

Detailed Franchise Metrics are metrics calculated and reviewed by Vetted Biz. You can find the available metrics for Renters Warehouse below. “N/A" or Not Applicable results mean that there is not enough data available to compute a precise rate or that the result is not mathematically computable. When results are not mathematically computable, you should pay attention to the absolute values (#) instead of the percentage rate itself.

Franchise Fee Midpoint

Payment that the franchisee must pay to the franchise owner in order to start a franchise.

Renters Warehouse

$5,500

Industry median

All franchises median

Unlock premium content

Franchise Disclosure Document

Download Latest FDD (2019)

Failure Rate

Franchise failures comprise franchise terminations, franchise non-renewals, and franchises that ceased operations for other reasons.

 

1 year

3 years

Renters Warehouse

NA

0%

Industry median

All franchises median

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Franchise for Sale Rate

The percentage of units transferred to new franchisees and reacquired by franchisor.

 

1 year

3 years

Renters Warehouse

NA

44%

Industry median

All franchises median

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Business details

Website

https://***********.com

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Business email

**********@******.com

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Mailing address

13200 Pioneer Trail, Suite #100

State headquarters

Minnesota

Key leadership

Renters Warehouse

Phone

+1 (000) 0********00

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City

Eden Prairie

Zip code

55347
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