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Units as of 2016
132 Previous years N/A
-13.2%
2021 Franchise 500 Rank
N/R Not ranked last year
Initial investment
$159K - $460K

Company Overview

About Rent-A-Wreck

Industry
Automotive
Related Categories
Auto Rentals & Sales
Founded
1970
Parent Company
Bundy American Corp.
Leadership
Jack Fitzgerald, CEO

Franchising Overview

Franchising Since
1977 (44 years)
# of employees at HQ
20
Where seeking

This company is seeking new franchisees throughout the US.

This company is seeking new franchisees worldwide.

# of Units
132 (as of 2016)

Franchisor Information

Social
Facebook, Twitter
Corporate Address
13900 Laurel Lakes Ave., #100
Laurel, MD 20707

Information for Franchisees

Here’s what you need to know if you’re interested in opening a Rent-A-Wreck franchise.

Financial Requirements & Ongoing Fees

Here’s what you can expect to spend to start the business and what ongoing fees the franchisor charges throughout the life of the business.

Initial Franchise Fee
$18,000 - $75,000
Initial Investment
$159,105 - $459,607
Net Worth Requirement
$250,000
Cash Requirement
$50,000
Veteran Incentives
$2,000 off franchise fee
Royalty Fee
$34/car/mo.
Ad Royalty Fee
$8/car/mo.
Term of Agreement
5 years
Is franchise term renewable?
Yes

Financing Options

Some franchisors offer in-house financing, while others have relationships with third-party financing sources to which they refer qualified franchisees.

In-House Financing
Rent-A-Wreck offers in-house financing to cover the following: startup costs, equipment, inventory
Third Party Financing
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

Training & Support Offered

Franchisors offer initial training programs and a variety of ongoing support options to help franchisees run their businesses.

On-The-Job Training
3 days
Classroom Training
5 days
Additional Training
At counter classes, marketing seminar, and through newsletter
Ongoing Support
Purchasing Co-ops
Newsletter
Meetings & Conventions
Toll-Free Line
Grand Opening
Online Support
Security & Safety Procedures
Field Operations
Marketing Support
Co-op Advertising
Ad Templates
National Media
Regional Advertising

Operations

Additional details about running this franchise.

Is absentee ownership allowed?
No
Can this franchise be run from home/mobile unit?
No
Can this franchise be run part time?
No
# of employees required to run
2
Are exclusive territories available?
Yes

Franchise 500 Ranking History

Compare where Rent-A-Wreck landed on this year’s Franchise 500 Ranking versus previous years.

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Disclaimer
The information on this page is not intended as an endorsement or recommendation of any particular franchise by Entrepreneur Media. Our franchise listings and rankings are solely research tools you can use to compare franchise operations. Entrepreneur stresses that you should always conduct your own independent investigation before investing in a franchise. That should include reviewing the franchisor's legal documents, consulting with an attorney and an accountant, and talking to former and current franchisees.
Updated: February 8th, 2021
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