Your responsibilities as a franchisee in the Rent the Roo network:

  • You manage your home-based office including telephone reception, data entry and accounting
  • You maintain the marketing program within your exclusive territory
  • You provide the capital required to purchase rental stock as, and when customers require them
  • You source the purchase of rental stock from local retailers and wholesalers and continue to build those relationships
  • You maintain a suitable sign written vehicle for branding and field work support
  • You will also need a National Criminal Report less than 3 months old from the Ministry of Justice
  • You will need a credit check less than 3 months old from VEDA Advantage

Franchise start-up costs:                                                                     

There is an initial Franchise fee of $75,000. You will also need to have access to approximately $120,000 working capital in the first 12 months.
Other costs associated with setting up the business:

Equipment:                                                                                           

  • Laptop
  • Laser printer / facsimile / scanner
  • iPad
  • Mobile Phone
  • Stationery

Miscellaneous:

  • Legal and accounting advice
  • Working capital for approximately 12 months
  • Accommodation and travel expenses to attend training in Hobart
  • Business registration
  • VEDA Advantage membership
  • Trolley
  • Uniforms

On-Going costs:

  • Professional indemnity insurance and Public Liability annual premiums
  • Phone and internet expenses
  • Stationery
  • Vehicle related expenses
  • International Conference attendance
  • Roo Books cloud based software monthly fee

 

Franchisee recruitment process:

Step 1: Review initial information on Rent the Roo

Consider the information provided on our website that details the franchised business model and it’s suitability to your business requirements.

Step 2: Submit an expression of interest from our website

To process your enquiry, we will need you to complete an expression of interest form online and submit it to Rent the Roo for initial assessment.

Step 3: Contact from our Management team

This will allow an exchange of general information about the Rent the Roo business model and franchising. It will allow Rent the Roo to find out more about you and discuss your potential to become a Rent the Roo franchisee.

Step 4: Submit an Application form

We will provide you with a formal application form to complete and return. Included will be a Confidentiality Agreement that protects all stakeholders and the subsequent information to be provided by both parties.

Step 5: Formal Interview

Our Management team will arrange a suitable time to meet face to face to discuss current opportunities and provide you with more comprehensive financial information about the business. This will give both parties an opportunity to assess the suitability to move forward.

Step 6: Payment of Deposit

Once you decide to proceed with a nominated territory, you will be required to lodge a $3,300 deposit with our solicitors. This will entitle you to have the first right of refusal over the territory once complete commercial terms have been provided to you.

Step 7: Issue of Letter of Offer

Rent The Roo will provide you with a formal letter of offer detailing the specific investment requirements of the nominated territory as well as our Disclosure Document and Franchise Agreement.

Step 8: Execution of the Franchise Documents

After the franchise documents have been reviewed, signed and returned to our solicitors, we will advise training dates and the processes involved to commence your business.