Thrifty Rent-A-Car System Inc.
At a Glance
Products & Services: Car rentals
Number of Locations: 1,033
Total Investment: $639.01K - 6.82M
Founded: 1958
Began Franchising: 1962
Public Owned
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 |
| 2009 | 135 | 64 | 625 | 176 |
| 2008 | 310 | 64 | 625 | 176 |
Where Seeking Franchisees: Franchisor is seeking new units internationally.
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
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
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