Wheel Fun Rentals

Wheel Fun Rentals

Not Ranked

Initial Investment

LOW: $46,000
HIGH: $230,000

Change in Units

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Company Profile

Founded

1987

Franchising Since

2000 (16 Years)

Corporate Address

4526 Telephone Rd., #202 Ventura, CA 93003

CEO

Al Stonehouse

About Wheel Fun Rentals

Brian McInerney founded Wheel Fun Rentals in 1987 in order to bring the four-wheeled Italian surrey cycle to California. The Southern California-based company began franchising in 2000. Wheel Fun Rentals has multiple units in operation and has identified more than 1,000 potential locations nationwide. It offers its franchisees exclusive territories and has co-branding relationships with city and state parks.

Financials

Financial Requirements

Initial Investment

$46,000 - $230,000

Net-worth Requirement

$250,000

Liquid Cash Requirement

$75,000

Ongoing Fees

Initial Franchise Fee

$12,500 - $25,000

Ongoing Royalty Fee

6%

Ad Royalty Fee

1%

Financing Options

Wheel Fun Rentals has relationships with third-party sources which offer financing to cover the following: 
startup costs, equipment

Veteran Incentives


15% off franchise fee

Franchise 500® Rank History

Highest Rank: 223

Lowest Rank: 372

Units (Locations)

Where Seeking Franchisees:
Franchisor is seeking new franchise units worldwide.

Operations & Franchisor Support

Training Onsite: Varies

Training at headquarters: 7 days

Additional Training: Ongoing as needed

Ongoing Support
Newsletter
Meetings
Toll-Free Line
Grand Opening
Internet
Field Operations

Marketing Support
Co-op Advertising
Ad Slicks

Number of employees required to run: 3 - 12

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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: September 19th, 2014

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