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How big (in terms of revenue or employees) are the top 10 companies in the US furniture rental space? And what markets do they serve?
Hello! Thank you for asking Wonder to build a spreadsheet naming the top 10 furniture rental companies in the US.
The most useful sources I found to answer your question are industry searches on Hoovers.com and each company's profile on Owlers.com.
The short version is that the top 10 companies in the United States furniture rental business range in revenue from an excess of $3 billion all the way down to $2.7 million.
METHODOLOGY
I began by searching for a precompiled list of the 'top' or 'best' furniture rental companies. I did not find a list, so I continued to compile my own. I then searched sites that have company listings and company demographics. I found some conflicting information. I decided to work mainly from the Hoovers site as they use reported tax income and Owlers is largely filled in by company employees. I placed them in order by revenue and will list employees (as disclosed), headquarter location, areas serviced, date started business and any funding information I found. I found that the employee numbers listed in the sites tended to be old information and needing updating. I stated as such throughout the report. The funding information is largely available from a paid source and was limited to me.
FINDINGS
1. Aaron's: Aaron's Furniture Rentals reported revenue of $3.2 billion with 11,500 employees, headquartered in Georgia and has locations nationwide with the exception of Hawaii, Minnesota and Wisconsin. Aaron's opened their doors in 1955.
2. Rent-A-Center: R-A-C is also a nationwide provider of rental furniture. With reported revenue of $3 billion, and employing the highest amount of people at 21,600, Rent-A-Center has the largest operation. They service Hawaii and Alaska and are headquartered in Texas. They received IPO funding in 2005 of $170 million. R-A-C was founded in 1986.
3. CORT Company: CORT company, started in 1972 with headquarters in Virginia, reported revenue of $618 million. CORT has over 100 US locations and services all regions of the US. The employee data reported was 235 though has not been updated online.
AFR has been in business since 1975 and reports 55 employees, though once again, I feel this needs to be updated. Their revenue was reported at $98.6 million. They are headquartered in Georgia and service the areas of the entire Eastern seaboard as well as TX, IL and CA.
5. Brook Furniture Rental: Brook opened it's doors in 1979 in Illinois. Their reported revenue is $58.79 million and their service areas are Texas, Michigan, Illinois and central California. They are reported to have 53 employees, though this number needs updating.
Fashion is headquartered in southern California. They reported revenue of $$17.6 million. They service the California area only and employ 48 people. Fashion began business in 1985.
7. Charter Furniture Rental : Charter reports revenue of $3.5 million. In business since 1990, they have an undisclosed amount of employees, their headquarters are located in Texas and they service the Texas region only.
8. Furniture Rentals: Furniture Rentals reports revenue of $6 million. While headquartered in South Carolina and in business since 1997, they employ 45 people and they service the Southeastern region of the US only.
9. Custom Furniture Rental: Custom reported revenue of $3.5 million. Their headquarters are located in Nevada and they currently service the greater Las Vegas area. They have been in business since 1985 and have 25 employees.
10. The Attic: The Attic is located in Utah, with reported revenue of $2.7 million. They are a relatively young company with beginnings in 2001 and 39 employees that service the Provo, UT area.
CONCLUSION
To wrap it up, the top 10 companies in the United States furniture rental business range in revenue from an excess of $3 billion all the way down to $2.7 million. The most targeted areas in the US for the furniture rental industry are in locations near large, metropolitan cities. You can access the complete spreadsheet here.
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