Overhead Analysis & Comparison of Programs

The Cost of Doing Business: Is It Worth It?
Approximate Monthly Overhead for a Typical Rental Department Effectively Managing 300+ Accounts
(Not including cost of inventory, finance charges or management expenses)

Employee Title
Job Description
Monthly Income per 40hr week
Data Entry
Posting payments, recording & filing rentals,
sales, returns, exchanges & upgrades
$8 per hour
10 hours weekly
$320 gross monthly
Accounting
Recording purchases & payables, payroll, sales tax reporting,
prepares financial statements and assists with data entry
$20 per hour
10 hours weekly
$800 gross monthly
Collections
10, 15, 30, 60 & 90-day phone & written late notices,
certified letters, credit bureau reporting & reposessions
$8 per hour
15 hours weekly
$480 gross monthly
Repair Tech
Servicing all rental & billable repairs, recycling rental returns
and provides repair estimates
$28 per hour
20 hours weekly
$2240 gross monthly
Marketing
Coordinates all advertising & promotional activities,
updates rental pricing, shopping competitors, creates and/or
maintains print & web content
$15 per hour
20 hours weekly
$1200 gross monthly
Inventory Control
Recording new inventory, conducts quarterly
physical inventory audits resolves discrepancies
$8 per hour
10 hours weekly
$320 gross monthly

Do the Math: Outsourcing Makes Sense
Typical Monthly Commission Totals for VIR Affiliates at Various Rental Volumes
(Average base rent of $20/mo with $5 per-new-contract bonus over one-year period)

Example Store
Total Active Rentals
Total Monthly Commission
Collections Recourse
Affiliate A
150
$650/mo
$0
Affiliate B
500
$2200/mo
$0
Affiliate C
1000
$4400/mo
$0

Want to learn more about us? Select a resource below
The following links offer profitability comparisons, surveys, our Program Overview and Affiliate Application.



Ready to become a Veritas Affiliated Retailer?
Download our Program Overview. Complete and fax your application to 877-272-7203. You may also apply right now through our secure online server. Have questions? Please do not hesitate to call toll free at 877-727-2798 Ext 4 or drop us a note via email.



Veritas Instrument Rental is a proud member of the VH1 Save the Music Foundation,
The National Association of Professional Band Instrument Repair Technicians, The National Association of School Music Dealers
and The National Association of Music Merchants

©2011 Veritas Instrument Rental Incorporated