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That sales figure made Aaron the largest private company operating in the burgeoning United States furniture rental business. Therefore, in 1982, Loudermilk sold off his party and sickroom equipment operations and dumped the proceeds into his residential and business division.
The overall strategy helped to boost the company's net income to a record $4.7 million in 1983 from sales of $55.4 million.
By early 1986, the chain had grown to include 154 stores in 20 states and annual revenues were topping a fat $100 million.
Realizing that his company was struggling, Loudermilk returned to day-to-day control of the company in 1987.
In fact, Aaron suffered three consecutive years of declining sales and earnings beginning in 1989.
1990: Aaron Rents begins to offer franchise options.
Throughout the fiscal 1994 year, the second-ranked company on Franchise magazine's Gold 100 list added rental-purchase stores to its chain at a rate of one per week.
Growth continued during 1995.
The company fixed its strategic focus on expansion for the years 2000 and beyond.
Aaron Industries Limited was incorporated as a private limited company with the name 'Aaron Industries Private Limited' on October 23 2013.
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| Company name | Founded date | Revenue | Employee size | Job openings |
|---|---|---|---|---|
| JRS | 2000 | $290,000 | 5 | 1 |
| Redneck | 1979 | $110.0M | 504 | - |
| Hot Rod Hobbies | - | - | - | - |
| Del's Lemonade | 1948 | $930,000 | 36 | 33 |
| Skipper Limited | 1981 | $200.0M | 25 | - |
| Kenny Pipe & Supply | 1992 | $114.5M | 100 | 5 |
| Curries | 1958 | $78.0M | 413 | 1 |
| C K Enterprises | 1981 | $470,000 | 5 | - |
| Le Petit Bistro | 1985 | $110,000 | 17 | - |
| JIMS | 1967 | $2.3M | 125 | 1 |
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Aaron Enterprises may also be known as or be related to Aaron Enterprises, Aaron Enterprises Inc and Aaron Enterprises, Inc.