
RentMotoped
Motorized-bicycle rentals- 2023 Franchise 500 Rank
-
N/R Not ranked last year
- Initial investment
-
$180K - $224K
- Unit data is unavailable
-
N/A
Company Overview
About RentMotoped
Industry | Recreation |
---|---|
Related Categories | Recreational Rentals, Miscellaneous Services |
Founded | 2016 |
Parent Company | RentMotoped |
Leadership | Conrad Kloc, Founder and CEO |
Corporate Address |
43 Central Ave. Lancaster, NY 14086 |
Social | Facebook, Twitter |
Business Overview
Franchising Since | 2016 (7 years) |
---|---|
# of employees at HQ | 5 |
Where seeking |
This company is offering new franchisees in the following US states: This company is offering new franchisees in the following international regions: |
|
Information for Franchisees
Here's what you need to know if you're interested in opening a RentMotoped franchise.
Financial Requirements & Ongoing Fees
Here's what you can expect to spend to start the business and what ongoing fees the franchisor charges throughout the life of the business.
Initial Franchise Fee
|
$35,000 |
---|---|
Initial Investment
|
$180,200 - $223,800 |
Net Worth Requirement
|
$150,000 |
Cash Requirement
|
$70,000 |
Veteran Incentives
|
10% off franchise fee |
Royalty Fee
|
Varies |
Ad Royalty Fee
|
1% |
Term of Agreement
|
Indefinite |
Is franchise term renewable? | Yes |
Training & Support Offered
Franchisors offer initial training programs and a variety of ongoing support options to help franchisees run their businesses.
On-The-Job Training | 3-5 days |
---|---|
Ongoing Support |
Toll-Free Line
Grand Opening
Online Support
Security & Safety Procedures
|
Marketing Support |
Co-op Advertising
Ad Templates
National Media
Regional Advertising
|
Operations
Additional details about running this franchise.
Is absentee ownership allowed? | Yes |
---|---|
Can this franchise be run from home/mobile unit?
|
No |
Can this franchise be run part time?
|
No |
# of employees required to run | 1 |
Are exclusive territories available?
|
Yes |
Interested in ownership opportunities like RentMotoped? Request a free consultation with a Franchise Advisor now.
Sign Up for Our Franchise Newsletter
Stay up to date on the latest news and trends affecting the franchise industry.
Related Franchises
Are you eager to see what else is out there? Browse franchises that are similar to RentMotoped.
Related Franchise Content
Catch up on the latest franchise news, trends, and more.
This Founder Walked-On to a Top College Basketball Team in the '90s. Today, He and Drew Brees Are Bringing the 'Walk-On Mentality' to Franchising.
Brandon Landry was so determined to play college basketball that he walked-on — tried out with no scholarship and made the team — at a major program. He's brought that same determination to the franchise business with Walk-On's Sports Bistreaux.
Franchise Legalese Defined — A Deep Dive Into Franchising Definitions
Before you can decide if you should franchise, find out exactly what you're getting yourself into.
Opening a New McDonald's Franchise Will Be More Expensive in 2024
Starting January 1, franchise royalty fees will rise from 4% to 5% for new locations in the U.S. and Canada.
Your Ultimate Research Guide to the Crucial Steps Before Buying a Franchise
If you're thinking about becoming a franchisee, find out what you're getting yourself into by reviewing this quick guide.
If You Want to Join a Franchise That Is Truly Diverse, These Are the Top 100 to Consider
These franchises are putting their money where their mouth is when it comes to inclusivity.
These Are the Top Companies That Support Franchises in 2023
From banking to marketing to event planning, find out who to hire to help your business thrive.