FRENT - Online Furniture Rental Store

FRENT is an AI-enabled online platform that adopts a unique FAAS (Furniture As-a-Service) business model. It provides hassle-free transitions to peoples’ lives by offering affordable, stylish and customized furniture for rent on flexible monthly subscription plans. Our services include furniture delivery, installation, maintenance and pick-up at the end of the subscription. Customers can also choose to walk into a move-in ready home while upgrade/change the furniture at any point in time. FRENT integrates the principles of the circular economy - reducing wastage and increasing the longevity of a furniture’s life by Refurbishing, Reusing and Re-Renting it, thereby maintaining a sustainable practice impacting the triple bottom line of social, environmental and financial goals. Our target market segment includes: • International Students • Tenants renting apartments • Property Managers - for Home staging & converting an unfurnished unit to a furnished unit. • Realtors for Home Staging • Airbnb Hosts and Short-term rentals • Executive furnished suites for corporations. After successful execution for more than 4 years, the company's operation was concluded due to severe impact of COVID -19 . Following are some of the key highlights during this 4 years: 1. Total Revenue of CAD 100,000+. 2. Monthly Recurring revenue grew by more than 500%. 3. 50+ Unique customers subscribed for more than 6 months of furniture rentals. 4. Average monthly recurring revenue of CAD 4,000 (FY 2019 - 20). 5. Recognition from local start up community.