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Dollar Rent A Car Inc.

Car rentals

Background

Founded: 1965 Franchising since: 1966
5310 E. 31st St.
Tulsa, Oklahoma 74135
Phone:
(800)555-9893


Franchisor is a publicly-held company with 700 employee(s); 4 employee(s) in franchise department.

Franchise Growth
Year U.S. Franchises Canadian Franchises Foreign Franchises Company Owned
2009 105 39 290 149
2008 104 39 290 149
2007 104 42 273 160
2006 105 53 -- 149
2005 110 55 -- --

Where Seeking Franchisees
In the U.S.
Worldwide

Exclusive territories available.
Territory size: 100,000+ population

Costs and Fees

Total investment: $713.6K-8.4M
Franchise fee: $20K+
Ongoing royalty fee: 6-8%
Term of agreement: 10 years, renewable


Type of Financing Available
In-House Third Party
Franchise Fee No No
Startup Costs No No
Equipment No No
Inventory No No
Accounts Receivable No No
Payroll No No

Qualifications
Net worth requirement: $500K
Cash liquidity requirement: $150K
Business Experience:
  • Industry experience
  • General business experience
  • Marketing skills

Operations
  • 90% of all franchisees own more than one unit
  • Absentee ownership of franchise is NOT allowed. (100% of current franchisees are owner/operators)

Training and Support

Training
  • Available at headquarters: 1 week
  • At franchisee's location: 1 week

Ongoing Support
  • Meetings
  • Toll-free phone line
  • Grand opening
  • Internet
  • Security/safety procedures
  • Field operations/evaluations
  • Purchasing cooperatives

Marketing Support
  • Ad slicks
  • National media

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