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Franchise: Rent-A-Wreck

Initial Investment
LOW:$159,105
HIGH: $459,607
Change in Units
-6.4% -9 UNITS (1 Year)
-13.2% -20 UNITS (3 Years)

Ongoing Support
Purchasing Co-ops
Newsletter
Meetings
Toll-Free Line
Grand Opening
Internet
Security
Field Operations
Marketing Support
Ad Slicks
National Media

Training Onsite: 3 days

Training at headquarters: 5 days

Additional Training: At counter classes, marketing seminar, and through newsletter

Absentee Ownership Allowed

Number of employees required to run: 2

Founded

1970

Franchising Since

1977 (40 Years)

Corporate Address

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

CEO

Jack Fitzgerald

Parent Company

Bundy American Corp.

Units (Locations)

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

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

Free Franchise Consultation
Fran Choice We've helped over 5,000 people find the right franchise. Get a FREE consultation and find out how you can be next.
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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: August 15th, 2016

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