Payless Car Sales Inc.
At a Glance
Products & Services: Used car sales
Number of Locations:
Total Investment: $351.7K - 3.1M
Founded: 2001
Began Franchising: 2001
Private Owned
Startup Costs, Ongoing Fees and Financing
Total Investment: $351,700 - $3,100,000
Franchise Fee: $30,000
Ongoing Royalty Fee: $2.5K+/mo.
Term of Franchise Agreement: 5 years, renewable
Franchise Fee: $30,000
Ongoing Royalty Fee: $2.5K+/mo.
Term of Franchise Agreement: 5 years, renewable
Financial Requirements
Net Worth: $500,000
Liquid Cash Available: $160,000
Operations
12% of all franchisees own more than one unit. Number of employees needed to run franchised unit: 8 - 10. Absentee ownership of franchise is allowed. (90% of current franchisees are owner/operators).How This Franchise Supports Franchisees
Training: Available at headquarters: 2 days. At franchisee's location: 1-2 weeks.
Ongoing Support: Newsletter, Meetings, Toll-free phone line, Grand opening, Internet, Security/safety procedures, Field operations/evaluations, Purchasing cooperatives,
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