Rent-A-Wreck

At a Glance

Products & Services: Used car rental & leasing

Number of Locations: 196

Total Investment: $124.6K - $380.5K

Founded: 1970

Began Franchising: 1977

Franchise Units

Year U.S. Canadian International Company Owned
2010 160 0 35 1
Where Seeking Franchisees: Franchisor is seeking new franchise units throughout the U.S.
Direct Capital

Startup Costs, Ongoing Fees and Financing

Total Investment: $124,600 - $380,500
Franchise Fee: $12,000
Ongoing Royalty Fee: $30/car/mo.
Term of Franchise Agreement: 5 years, renewable
Financial Requirements
Net Worth: $250,000
Liquid Cash Available: $50,000
Operations
20% of all franchisees own more than one unit. Number of employees needed to run franchised unit: 2. Absentee ownership of franchise is allowed. (80% of current franchisees are owner/operators).
Direct Capital
Financing Type In-House Third Party
Franchise Fee
Startup Costs
Equipment
Inventory
Accounts Receivable
Payroll

How This Franchise Supports Franchisees

Training: Available at headquarters: 1 week. At franchisee's location: Varies. At counter classes, marketing seminar, and through newsletter
Ongoing Support: Newsletter, Meetings, Toll-free phone line, Grand opening, Internet, Security/safety procedures, Field operations/evaluations, Purchasing cooperatives
Marketing Support: Co-op advertising, Ad slicks, National media, Regional advertising,