Thrifty Rent-A-Car System Inc.

At a Glance

Products & Services: Car rentals

Number of Locations: 1,033

Total Investment: $639K - $6.8M

Founded: 1958

Began Franchising: 1962

About Thrifty Rent-A-Car System Inc.

When L.G. Crow founded Thrifty Rent-A-Car System Inc. in 1950 in Tulsa, Oklahoma, the company rented Volkswagen Beetles for $6 a day. Thirty years later, Thrifty operates in 70 countries and territories from more than 1,000 locations. It has been a part of the Dollar Thrifty Automotive Group since 1997. In 1999, the company launched Thrifty Car Sales, a franchised retail used-car sales network.

Franchise Units

Year U.S. Canadian International Company Owned
2010 120 82 669 162
Where Seeking Franchisees: Franchisor is seeking new units internationally.
Direct Capital

Startup Costs, Ongoing Fees and Financing

Total Investment: $639,009 - $6,816,795
Franchise Fee: $20,000 - $500,000
Ongoing Royalty Fee: 6-8%
Term of Franchise Agreement: 10 years, renewable
Financial Requirements
Net Worth: $500,000
Liquid Cash Available: $150,000
Operations
90% of all franchisees own more than one unit. Absentee ownership of franchise is NOT allowed. (100% of current franchisees are owner/operators).

How This Franchise Supports Franchisees

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,

Franchise Ranking History

Franchise 500®: #100 (2011), #202 (2010),
America's Top Global: #85 (2011), #157 (2010),