Rent-A-Wreck

At a Glance

Products & Services: Used auto rentals and leasing

Number of Locations: 153

Total Investment: $152.9K - $395.8K

Founded: 1970

Began Franchising: 1977

Franchise Units

Year U.S. Canadian International Company Owned
2014 100 0 50 3
2013 111 0 38 3
2012 118 0 38 3
2010 160 0 35 1
Where Seeking Franchisees: Franchisor is seeking new franchise units worldwide.
Direct Capital

Startup Costs, Ongoing Fees and Financing

Total Investment: $152,934 - $395,840
Franchise Fee: $12,000 - $15,000
Ongoing Royalty Fee: $30/car/mo.
Term of Franchise Agreement: 5 years, renewable
Veteran Incentives: $2,000 off franchise fee
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,

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