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RTO Online Continues to Dominate Rent to Own Industry News; 6.4 Million Page Views in April |
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30% Say Total Revenue Most Important Measure Of RTO Store's
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RTO
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Going Back In Time; Premier's John Darden,
APRO's Rental Dealer of the Year, Forges 30 Years Of Connections |
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RTO Online Releases US Senate And House Of Representatives Face
Book Application |
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RTO
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Technology That Will Change The Way You Do
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Vote Early, Vote Often; Results of RTO Online
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What I lost
in hair I gained in wisdom. One thing I've learned in 30 years
is to take it a little slower and try to be more sound in our
judgment.
John Darden, Premier Franchisee, APRO Rental Dealer of the
Year
John Darden is a quiet family man
from Charlottesville, Virginia who looks more like a high-school
principal than the man who has played a key role in shaping the
rent to own industry since 1976. Darden was recently named the
Association of Progressive Rental Organization's (APRO) Rent to Own
Dealer of the Year for 2007 for what Larry Carrico, president of
the association, called, "The love of the game."
"In 1976, I was unemployed and my wife and I had just had our son
Christopher," Darden told RTO Online in a recent interview.
"I answered an ad in the paper for an area manager at Remco. I
worked 6 days a week, 10 hours a day for $660 per month - and I
thought I was in heaven."
During his subsequent journey through three decades of the RTO
business, Darden's career intersected with both the pioneers of
the 1970s, and the industry leaders of the new century.
Darden was hired at Remco in 1976 by Joe Arnett, currently Vice
President of Sales for RTO giant Rent-A-Center. "At that time,"
said Darden, "Joe had gone to work for Curtis Mathes and that
was also when Willie Talley was starting to develop ColorTyme."
"I knew very shortly after I got into the RTO business that this
was where I would make my career," Darden recalls. "I built a
close relationship with Willie Talley and, within a few years,
he decided he wanted to put my wife Donna and me in business."
With Talley's help, Darden opened the first ColorTyme in
Charlottesville. "When we came here in 1980, nobody had ever
heard of Rent to Own," Darden said.
Despite the challenges, the Darden's ColorTyme grew quickly and
John soon hired an energetic young man, who was tending bar in
Charlottesville at the time, as a manager trainee. That young
man's name was Trooper Earle, now the CEO of Premier Companies,
parent company of Premier Rental Purchase, Premier home
Furnishings Premier Wheel Rentals and U-Getcha Cash. "I guess it
can be said that if it hadn't been for that first ColorTyme in
Charlottesville, Trooper Earle may not have gotten into the
rental business," said Darden.
Eventually, John and Trooper partnered and opened 16 ColorTyme
stores until he hit what he refers to as a "mental wall" in 1995
and took a five year break to get into the publishing industry.
John re-entered the RTO industry slowly. First as a store
manager, then a regional for a local chain. In November of 2005,
Darden, his son Christopher, and friend Mike Hubbard opened the
first Premier Rental Purchase in Virginia. "I was in the first
group of ColorTyme dealers that got five year jackets and I see
a lot of similarities between the way Premier is growing and
what I saw in ColorTyme in the 80s."
Word spread quickly among his old customers that John was back -
and they returned in droves. "Its a testament to how you treat
people," says John. "I'm blessed to still have customers I had in
1980. Their children, and now their grandchildren come into the
stores."
Darden says humbly that the loyalty he earns is not unique. "I
know many dealers who experienced the same thing. This business
is 100% relationships." Darden said not everybody is cut out to
be a people person. He encourages such people to be owners or
investors, but to stay out of the store. "If you're going to be
the person who handles the operations you have got to be a
person who believes in building long term relationships."
"I've had an opportunity to go back in time."
John Darden
Send a message to
John Darden |
John is looking at branching out into other areas like custom
wheels, but he plans to be a bit more cautious this time around.
"It used to be that you opened stores as quickly as possible,"
he said. "What I lost in hair I gained in wisdom. One thing I've
learned in 30 years is we should take it a little slower and try
to be more sound in our judgment."
The Dardens are the definition of a family business. Son
Christopher is a partner, daughter Jamison is the company's
banker and the Darden's daughter in-law's law firm represents
his company. "My wife has been my partner since the beginning,"
John said. "Donna is assistant director for a private school in
Charlottesville for learning disabled children, but I constantly
seek out her advice."
John, always active in local politics, was there when Virginia
passed one of the first sound rent to own laws in the 80s. While
he doesn't see the current political climate as impending doom,
Darden recommends remaining politically vigilant. "Its not a
panic situation, but it's a very serious situation," he said.
"We need to work, particularly with APRO - our leaders on the
national forefront. We shouldn't stick our head in the sand and
pretend it will go away on its own."
Darden says it's all about educating legislators on the new
face of the rent to own industry. "When you go into a
traditional rent to own store today, it's not the rent to own
store of 20 years ago," he said. "Unfortunately, I think a lot
of negative things that surface every so often are things that
actually happened far in the past."
"When you're a growing industry, you're going to make some
mistakes and it's always the unusual things that get noticed. Most rent to
own dealers are honorable, family oriented
individuals that want to serve the public."
Darden says the industry should focus on educating legislators
on today's rent to own industry instead of focusing on defending
the past. "When the true story of the rent to own industry is
told to legislators, when we talk about the thousands of people
that we serve today, it's an eye opening experience for them."
Some might say that, after 30 years, starting over would be
unthinkable. Quite the contrary according to John. He sees a
bright future for himself, for his family, for Premier and the
50,000 people who make up the rent to own industry in North
America.
"I've had an opportunity to go back in time," John said. Though
he doesn't say it, one gets the sense that John went back in
time to give his son Christopher those same wonderful
experiences that made him who he is. Who knows, Christopher may
have already hired the next CEO of a national rent to own chain.
Send a message to
John Darden
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RTO Online is the official channel for Rent-to-Own Industry News and the
only independent source of news for the rent-to-own, rental-purchase,
lease-purchase trade. RTO Online (Rent to Own Online) represents the choice
of the entire RTO Industry for trusted information, as it happens. |
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