Click to Print This Page
Entrepreneur: Start & Grow Your Business

Thrifty Car Sales Inc.

Used car sales

Background

Founded: 1998 Franchising since: 1998
5310 E. 31st., CIMS 1130
Tulsa, Oklahoma 74135
Phone:
(877)289-2583


Franchisor is a publicly-held company with 20 employee(s); 5 employee(s) in franchise department.

Where Seeking Franchisees
In the U.S. Alaska, Alabama, Arkansas, Arizona, California, Colorado, Connecticut, Delaware, Florida, Georgia, Hawaii, Iowa, Idaho, Illinois, Indiana, Kansas, Kentucky, Louisiana, Massachusetts, Maryland, Maine, Michigan, Minnesota, Missouri, Mississippi, Montana, Nebraska, North carolina, North dakota, New hampshire, New jersey, New mexico, Nevada, New york, Ohio, Oklahoma, Oregon, Pennsylvania, Rhode island, South carolina, South dakota, Tennessee, Texas, United states, Utah, Virginia, Vermont, Washington, Wisconsin, West virginia, Wyoming

Exclusive territories available.

Costs and Fees

Total investment: $765K-4M
Franchise fee: $35K
Ongoing royalty fee: $110+/vehicle
Term of agreement: 5 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
Cash liquidity requirement: $125K
Business Experience:
  • Industry experience

Operations
  • 19% of all franchisees own more than one unit
  • Number of employees needed to run franchised unit: 10 - 14
  • Absentee ownership of franchise is allowed. (92% of current franchisees are owner/operators)

Training and Support

Training
  • Available at headquarters
  • Ongoing training available through Thrifty University

Ongoing Support
  • Newsletter
  • Meetings
  • Internet
  • Field operations/evaluations
  • Purchasing cooperatives

Marketing Support
  • Ad slicks

Other marketing support
  • Marketing & advertising support programs (including marketing & media analysis, design services, PR, etc.)