Priceless Rent-A-Car

At a Glance

Products & Services: Car rentals & leasing

Number of Locations: 53

Total Investment: $120.6K - $376.5K

Founded: 1997

Began Franchising: 1997

Franchise Units

Year U.S. Canadian International Company Owned
2010 53 0 0 0
Where Seeking Franchisees: Franchisor is seeking new franchise units throughout the U.S.
Direct Capital

Startup Costs, Ongoing Fees and Financing

Total Investment: $120,600 - $376,500
Franchise Fee: $8,000
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
5% of all franchisees own more than one unit. Number of employees needed to run franchised unit: 2 - 4. Absentee ownership of franchise is allowed. (98% 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: 5 days.
Ongoing Support: Newsletter, Meetings, Grand opening, Internet
Marketing Support: Co-op advertising, Ad slicks, National media,