The
current combined revenue volume of the six stores is
approximately $415,000 per month and the purchase price was
$3.9 million cash, subject to final adjustments
"We will continue to grow these stores as Company-operated
stores," said R. Charles Loudermilk, Sr., Chairman and Chief
Executive Officer of Aaron Rents. "They are located in markets
with excellent growth and profitability potential."
The stores are
located in Malden, Lynn, and Revere, Massachusetts, as well as
two stores in Portland and one store in Lewiston, Maine. The
current combined revenue volume of the six stores is
approximately $415,000 per month and the purchase price was $3.9
million cash, subject to final adjustments.
