Rent-A-Wreck

Used auto rentals and leasing

About

Founded

1970

Franchising Since

1977 (43 Years)

Corporate Address

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

Leadership

Jack Fitzgerald, CEO

Parent Company

Bundy American Corp.

Financial Requirements

Initial Investment ⓘ

$159,105 - $459,607

Net-worth Requirement ⓘ

$250,000

Liquid Cash Requirement ⓘ

$50,000

Ongoing Fees

Initial Franchise Fee ⓘ

$18,000 - $75,000

Ongoing Royalty Fee

$34/car/mo.

Ad Royalty Fee

$8/car/mo.

Financing Options

Rent-A-Wreck offers in-house financing to cover the following: franchise fee, startup costs, equipment, inventory

Rent-A-Wreck has relationships with third-party sources which offer financing to cover the following:  franchise fee, startup costs, equipment, inventory, accounts receivable, payroll

Veteran Incentives

$2,000 off franchise fee

Support Options

Ongoing Support

Purchasing Co-ops

Newsletter

Meetings/Conventions

Toll-Free Line

Grand Opening

Online Support

Security/Safety Procedures

Field Operations

Marketing Support

Ad Templates

National Media

On-The-Job Training:

3 days

Classroom Training:

5 days

Additional Training:

At counter classes, marketing seminar, and through newsletter

Absentee Ownership Allowed

Number of Employees Required to Run:

Cost

Initial Investment: Low - $159,105 High - $459,607

Units

Units (Locations)

Where Seeking Franchisees:

Franchisor is seeking new franchise units worldwide.

Franchise Articles

				
How to Scale Your Training with Video and Learning Management SystemsDelivering the same content to every new employee increases efficiency, quality and safety.

				Rick Grossmann
			
					|			5 min read
			
The Hottest Industries TodayOur list of the franchises best positioned for growth, even in uncertain times.

				Tracy Stapp Herold
			
					|			12 min read
			
The Top Food Franchises of 2020Food dominates the franchise world. Here, we rank the strongest brands in 14 tasty categories.

				Tracy Stapp Herold
			
					|			7 min read
			
Finding Post-Pandemic Franchise Opportunities With Broker Consultant GroupsThese companies specialize in matching aspiring business owners with suitable franchise options. 

				Scott Greenberg
			
					|			9 min read
			
Former Republican Presidential Candidate Herman Cain Has Died After Being Hospitalized for CoronavirusThe former Godfather's Pizza CEO tested positive earlier this month, 11 days after attending President Donald Trump's campaign rally in Tulsa, Oklahoma.

				Sonam Sheth and Eliza Relman
			
					|			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: August 15th, 2016

Reprints & Licensing Update Your Listing Submit New Listing

Rent-A-Wreck Used auto rentals and leasing