NextCar

Auto rentals

About

Founded

2003

Franchising Since

2015 (5 Years)

Corporate Address

13900 Laurel Lakes Ave., #100
Laurel, MD 20707

CEO

Jack Fitzgerald

Parent Company

NP Auto Group

Financial Requirements

Initial Investment ⓘ

$339,992 - $790,226

Net-worth Requirement ⓘ

$500,000

Liquid Cash Requirement ⓘ

$50,000

Ongoing Fees

Initial Franchise Fee ⓘ

$20,000 - $100,000

Ongoing Royalty Fee

$34/car/mo.

Ad Royalty Fee

$8/car/mo.

Financing Options

NextCar offers in-house financing to cover the following: inventory

Veteran Incentives

$3,000 off franchise fee

Support Options

Ongoing Support

Purchasing Co-ops

Newsletter

Meetings/Conventions

Toll-Free Line

Grand Opening

Online Support

Field Operations

Site Selection

Proprietary Software

Franchisee Intranet Platform

Marketing Support

Ad Templates

National Media

Social media

SEO

Website development

Email marketing

Loyalty program/app

On-The-Job Training:

8 hours

Classroom Training:

32 hours

Additional Training:

As needed

Number of Employees Required to Run:

Cost

Initial Investment: Low - $339,992 High - $790,226

Units

-5.0%-1 UNITS (1 Year) +11.8%+2 UNITS (3 Years)

Units (Locations)

Where Seeking Franchisees:

Franchisor is seeking new franchise units worldwide.

Franchise Financing

Using 401(K)/IRA Funds

Tax Penalty-Free
Debt Free
Expert Guidance

Learn More

Franchise Articles

				
Why Every Franchise Should Pivot Right NowForget the way it's always been done. For franchisors, letting go of the past is the key to surviving the crisis. 

				Michael Ruiz
			
					|			4 min read
			
10 Low-Cost Franchises You Can Start From a Vehicle Right NowThese franchises can be run from a car, truck or van, and are still out there serving customers every day.

				Tracy Stapp Herold
			
					|			4 min read
			
Fight for Your Franchise Challenge, Week 7: Make Better Decisions With the Three Decision Lens StrategyEvery decision made by any leader impacts the overall brand and all of its parts. 

				Rick Grossmann
			
					|			7 min read
			
The 5 Best Tax and Financial Franchises You Can Open This YearHere are the five top-ranked financial companies on the 2020 Franchise 500.

				Matthew McCreary
			
					|			3 min read
			
Love Working Outside? You Can Buy These 3 Lawn Care Franchises for Less Than $100,000.If you've been itching to put your green thumb to work, here's how.

				Jason Fell
			
					|			3 min read

Disclaimer

The Franchise 500 is not intended to endorse, advertise, or recommend any particular franchise. It is solely a research tool you can use to compare franchise operations. Entrepreneur stresses that you should always conduct your own independent investigation before investing money in a franchise.

Updated: February 7th, 2020

Reprints & Licensing Update Your Listing Submit New Listing

NextCar Auto rentals