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Related articles
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Top Gun Opens Premier Rental-Purchase in Pueblo |
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Ferrari
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Premier
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2004 Premier
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Zooooom...Jack Rowland |
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Having spent his RTO
career entirely in Florida, and the last 15 years in South
Florida, Summa opened his new store right in the middle of the
market he knew.
Drew Summa got out of the Marine
Corps in 1989. His next step was to find a civilian job – thus
began the story of his RTO career. "I ended up answering an ad
in the newspaper for Rent-A-Center," he said. "That's because I
couldn't find anything in the Yellow Pages under 'field
artillery'." All kidding aside, he has had a long and successful
run in the RTO industry in Florida, and that has prepared him
well to start his own Premier rental-purchase business. He
opened his Premier store in Oakland Park, Fla. in May.
Summa started with Rent-A-Center in Central Florida, working his
way up from driver to account manager to assistant and then to
manager. He moved to South Florida in 1993 and joined ColorTyme
as a store manager. He was promoted to district manager in 1998,
and then the buy outs began. ColorTyme was sold to Action, which
was bought out by Home Choice which later bought out Alrenco.
Next, it was involved in a buy out from RentWay, and finally
from Rent-A- Center. Full Circle! Summa started to feel that the
fun was leaving the business. "The bigger the company, the more
they look at numbers instead of the happiness of their people.
After several years of being under RentWay's 'Welcome, Wanted
and Important' work style, you get kind of spoiled and you think
every company will treat you that great."
After almost 20 years in the industry, Summa was getting kind of
complacent. That's when a friend, Ted Krygosky prompted him to
think about going into business for himself. "Ted opened a
Premier store in Portage, Indiana, and I saw the success he had
with that. He talked about how great it was, and I got the bug
to open up my own store. I was tired of seeing all the profits
going to the home office. I wanted to send profits to my home
office!"
Having spent his RTO career entirely in Florida, and the last 15
years in South Florida, he opened his new store right in the
middle of the market he knew. Customers and former staff he had
worked with over the years followed, and while the timing just
happened to work out that he opened in the worse part of the
year – summer – he has been happily surprised that business is
good and that his first month and a half in business has gone
beyond his expectations.
Summa said that Ted's recommendation was a big reason he chose
to become a Premier franchisee. However, there were other
reasons. Among them was Premier's approach of supporting rather
than dictating to its dealers. "Premier has a different
philosophy than a public company has," he said. "Premier
attracts operators who have RTO experience but who may not
necessarily grasp all that is involved in ownership. Premier is
there to educate and support. Premier helps dealers understand
how to open up a store and run it as an independent business
owner. But it recognizes that its dealers know the industry and
also want to have the flexibility to run their RTO business
their way. In the beginning they usually need help. And from
what I see, as things progress for the dealer, Premier is still
there to foster growth. Premier helped me out tremendously."
Summa sites the business plan as a good example of how Premier
initially helped him start as a new dealer. He and President/CEO
Trooper Earle sat down together and prepared an impressive plan
that, together with Summa's good credit, helped him secure a
loan very quickly with the first bank he approached.
While still new to the game, Summa has already begun to see
value in using Premier's payroll system, accounting services and
other support available to new as well as experienced Premier
franchisees. "I use everybody they suggest," said Summa. "I can
just concentrate on what I know, concentrate on growing my store
and being successful. I don't have to worry about "home office"
stuff. I see long-term value with Premier."
A number of Summa's fellow Premier dealers have opened multiple
stores or are making plans to do so. But he is content to
concentrate on one store for a while. "I want a break from being
responsible for many stores, like I was as a district manager
for so long. Right now in this market, I can have one gigantic
store and bring in lots of money."
His new 5,000-square-foot showroom looks different from other
rental-purchase outfits in his area. He has very carefully
decorated with high-end accessories like throw rugs on the
sofas, expensive vases on tables and tasteful wall coverings, to
make his look like an up-scale furniture store. In fact there
are very few telltale signs that it is rental-purchase. "If you
walked in here you would think you are in a retail furniture
store," he said. "That is how I've chosen to differentiate
myself. I couldn't have done that before in a corporate setting.
Everyone had to look the same."
The national office of Premier Rental-Purchase is located in
Williamsburg, Virginia. All Premier stores are independently
owned and operated. Visit Premier's website at
www.premierrents.net
or call (800) 2-Premier and ask for Trooper Earle.
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