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Melbourne, Australia

Mr Rental climbs BRW Fast Franchises list

Australian Franchise News – 27-02-12


Australian home appliance rental franchise Mr Rental has improved its ranking on the 2012 BRW Fast Franchises list after committing all remaining territories and broadening the businesses offering.

Mr Rental was the 22 fastest growing franchise by outlet and the 25 fastest growing by revenue in the latest rankings, an improvement after making the list for the first time last year (32 by revenue, 27 by outlet in 2011).

Mr Rental CEO Glen Hickman said it was testament to a strong growth year and a committed franchise network that the company had been listed among Australia’s leading franchises again.

“The past 12 months have been great for the business, we’ve committed all of our remaining territories and now we’re focused on expanding our offering and capturing a great audience outside our essential customer market,” he said.

He said the franchise had also introduced a new-look kiosk style franchise model to help penetrate regional markets.

“For a relatively low investment franchisees can add another unit to their operation that utilises existing logistics making it an easy and quick contribution to their business.”

The next five years will also see Mr Rental explore rental markets in Singapore, Ireland, South Africa and the USA as part of its growth strategy.

“All of the countries we’re looking at are different but they all present enormous opportunity for the Mr Rental business model.”

Mr Hickman, who started the franchise 20 years ago with his wife Kerrianne, said a sound business model meant franchisees experienced rewarding growth.

“The combination of regular Monday to Friday working hours coupled with the peace of mind of recurring revenue from ongoing rental streams has proved Mr Rental a lifestyle favourite and helped franchisees experience annual profit growth that is 8 percent higher than industry average.”

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