The rent-to-own (RTO) industry, also known as rental-purchase, is composed of business owners who rent electronics, furniture, appliances, wheels and tires, jewelry and many other products (durable consumer property) to customers. The customer makes weekly or monthly payments on the rental contract with no obligation to make all the scheduled payments but may acquire the property if all the payments are made.
There are approximately 9,200 stores in all 50 states. The $8.5 billion industry continues to be a viable consumer option for many Americans.
Rivero, Gordimer & Company understands the RTO industry from start-up and financing to specific tax and accounting rules through succession and merger or sale transactions; including valuation. We offer strong tax advice and compliance along with assurance and audit reporting for banks or other alternative financing partners.
Rivero, Gordimer & Company currently represents franchisors, franchisees and small and large independents. Our Firm is proud to be an associate member of the Association of Progressive Rental Organizations (APRO), an approved vendor for The Rental Industry Buying Group (TRIB), and vendor member of the Florida Rental Dealers Association (FRDA).
If you would like more information about how Rivero, Gordimer & Company represents dealers in this industry, please contact our Firm’s RTO Committee.