NextCar

Auto rentals

About

Founded

2003

Franchising Since

2015 (5 Years)

Corporate Address

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

Leadership

Jack Fitzgerald, CEO

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 Articles

				
Aroma Joe's Leader: "How I Learned to Be a CEO"Loren Goodridge served in the Navy, learned about business as a Subway franchisee and is now CEO of growing franchise Aroma Joe's. Here's why it was the perfect path. 

				Jessica Thomas
			
					|			3 min read
			
Why This Serial Entrepreneur Opened a Painting With a Twist - In the Middle of the PandemicDee Clemmons had experienced the brand as a customer, and it made her feel at peace. Now she's out to share that feeling. 

				Stephanie Schomer
			
					|			4 min read
			
Tired of Being Kicked to the Curb? Maybe It's Time To Be Your Own Boss.There are two ways to go: pursue a dream idea from scratch or bet on a proven concept as a franchisee.

				Danny Cattan and James Vitrano
			
					|			5 min read
			
6 Ways to Turbocharge Your Solopreneur ProductivityEssential tips that will help you establish good work habits and achieve a lot more for your business in less time.

				Laura D. Adams
			
					|			5 min read
			
How Many Franchise Locations Should You Own?5 multi-unit franchisees, ranging from 2 locations to 770, share their experience.

				Stephanie Schomer
			
					|			11 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

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