Elmen Enterprises is a diverse company, which currently operates
rental-purchase stores, retail dollar stores, and mini storage facilities.
Elmen Enterprises consists of the following divisions, Appliance &
Furniture RentAll, DOLLAR etc., Mini Stor All, and Central Office. Another
division Rent to Rent, the original core business from which the company was
founded, was sold in June of 1999 to United Rental.
The corporate office is located in Sioux Falls, SD where the original Rent
to Rent store was opened by Lloyd Elmen in 1950. Lloyd began the business by
renting his personal property to the residents of Sioux Falls. Lloyd’s sons,
Bob and Jim, helped part time while they attended college and served in the
Armed Forces. Bob began the trend toward expansion in 1954 when he opened a
store in Vallejo, California and the first store in Minnesota, Rochester Rent
All. During the next several years, stores were purchased in other states. Mini
Stor All was being developed during this time. As of June of 1999, the Rent to
Rent division had 46 stores in 12 states.
In 1983, Appliance & Furniture RentAll was formed. The division offers
consumers furniture, appliances, and electronics on a rental-purchase
transaction. The year 1999 brought with it another new venture by Elmen
Enterprises, DOLLAR etc. DOLLAR etc. is a super discount variety store where
everything is $5 or less. This division
was sold to Loopy’s, in September of 2005.
Some of the Elmen Enterprises success can be attributed to its management
approach. A fundamental problem with many management systems is that the
owner/stockholder is not able to watch over his/her investment and the
operator/manager is not able to provide capital and certain other areas of
expertise. Elmen Enterprises tackles this problem by empowering mangers to run
their businesses to the greatest extent possible. This formula is rewarding for
both managers and stockholders alike. A significant part of a manager’s pay
depends upon his/her store’s performance and most managers are stockholders in
this company. Therefore, it is in the best interest of the managers to ensure
that the company is successful. Stockholders are rewarded because they have
high-performing entrepreneurs where the profits are made and they don’t have to
payroll an extensive middle management system to oversee the managerial