Volvo Rents
Construction equipment rentalsBackground
Founded: 1986 Franchising since: 2001
Franchise Growth
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, Midwest, Nebraska, North carolina, North dakota, Northeast, New hampshire, New jersey, New mexico, Nevada, New york, Ohio, Oklahoma, Oregon, Pennsylvania, Rhode island, South, South carolina, South dakota, Tennessee, Texas, Utah, Virginia, Vermont, West, Washington, Wisconsin, West virginia, Wyoming
Outside the U.S.: Canada
Exclusive territories available.
Territory size: Depends on size of metropolitan statistical area
|
One Volvo Dr. Asheville, North carolina 28803 |
Phone: (866)387-3687 |
Franchise Growth
| Year | U.S. Franchises | Canadian Franchises | Foreign Franchises | Company Owned |
| 2009 | 71 | 7 | 82 | 5 |
| 2008 | 69 | 7 | 73 | 4 |
| 2007 | 65 | 8 | 66 | 3 |
| 2006 | 59 | 4 | 62 | 4 |
| 2005 | 57 | 7 | 54 | 0 |
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, Midwest, Nebraska, North carolina, North dakota, Northeast, New hampshire, New jersey, New mexico, Nevada, New york, Ohio, Oklahoma, Oregon, Pennsylvania, Rhode island, South, South carolina, South dakota, Tennessee, Texas, Utah, Virginia, Vermont, West, Washington, Wisconsin, West virginia, Wyoming
Outside the U.S.: Canada
Exclusive territories available.
Territory size: Depends on size of metropolitan statistical area
Costs and Fees
|
Total investment: $3.5M-8.2M Franchise fee: $45K |
Ongoing royalty fee: 4-3% Term of agreement: 15 years, renewable |
Type of Financing Available
| In-House | Third Party | |
| Franchise Fee | No | No |
| Startup Costs | Yes | No |
| Equipment | Yes | No |
| Inventory | Yes | No |
| Accounts Receivable | No | No |
| Payroll | No | No |
Qualifications
Net worth requirement: $1.5M
Cash liquidity requirement: $750K
Business Experience:
- Industry experience
- General business experience
- Marketing skills
Operations
- Number of employees needed to run franchised unit: 7 - 12
- Absentee ownership of franchise is allowed. (100% of current franchisees are owner/operators)
Training and Support
Training
Ongoing Support
Marketing Support
- Available at headquarters: 2-3 weeks
- At franchisee's location: Varies
- Financial/cash flow training; sales & marketing training
Ongoing Support
- Newsletter
- Meetings
- Toll-free phone line
- Grand opening
- Internet
- Security/safety procedures
- Field operations/evaluations
- Purchasing cooperatives
Marketing Support
- Ad slicks
- National media
- Regional advertising
Rankings
Franchise 500® rank:
#357 (2008); #354 (2007); #389 (2006); #309 (2005);
Top New Ranking:
#28 (2006); #19 (2005);
America's Top Global Franchises:
#177 (2008); #174 (2007); #193 (2006); #194 (2005);
#357 (2008); #354 (2007); #389 (2006); #309 (2005);
Top New Ranking:
#28 (2006); #19 (2005);
America's Top Global Franchises:
#177 (2008); #174 (2007); #193 (2006); #194 (2005);