Racing Limos Franchise
Limousine Services
Founder Bryan Pease, with over 20 years in the hospitality industry was president of the largest non-taxi transportation fleet in Southwest Florida. This company focused exclusively on the group transportation and hotel guest needs of Fortune 500 companies holding their meetings in this high-brow affluent community. The impact of September 11 severely impacted the hospitality industry in Naples and it was Pease's feeling that it would take several years for the business to reach pre-September 11 sales numbers. He recommended that because a substantial amount of gain had been received by him and his two partners that they each decide to go in different directions and have an organized closure of the company. In the process of selling the vehicles, Pease was not happy with the price offered for one of his motorcoaches and so he went on E-bay to see if he was out of line. There, he saw a school bus painted like NASCAR driver Jeff Gordon's car. Pease commented to his then 13 year old son, "Maybe we should enjoy the fruit of my labor and tour the NASCAR summer circuit by painting the bus like a stock car." After further consideration, he determined the age of the bus would not make it conducive to travel long distances. His son commented, "What about a limo." Thus the concept of a race-themed limousine was born, which was then trademarked and patented.
Start-up Costs & Franchises Fees
What is the total cost to open a Racing Limos Franchises?
Total Cost: $37,500-$137,500
Total Franchise Fees: $22,500-$77,500
Ongoing Royalty Fees: $291 per month on your first vehicle
Ongoing Advertising Fees: Not Available
Contact Information for Racing Limos
|
Racing Limos, Inc. |
Phone Number: 866-746-LIMO (5466) |
Racing Limos In the Press
No results at this time.Historical Expansion
In what year did Racing Limos begin operations? 2002
When did Racing Limos begin selling franchises? 2003
Future Expansion
United States: Nationwide
Training & Support
Training
* Comprehensive course
* Extensive operations manual
* Personal visits
* Telephone visits
* Annual conference (3 days)
* Networking opportunities
* Website support area including message board, franchisee news, local website administration and an extensive on-line library
* Toll free help line
Marketing
* Custom newsletters and direct mail pieces
* Toll free help desk
* National toll free lead line
* Your own Internet website
* Annual national conference
* Introductory print ads
* Marketing brand package of promotional materials
* Public relations pieces
* Mobile advertising customizable presentation
Franchise Analyzer Professional's Inside Information
Can you buy this franchise for no money down? YesPlease note: You must download a free copy of Franchise Analyzer Professional to receive these benefits and so much more. Click here to download your FREE copy now.
What key terms in the franchise agreement can be negotiated? Cross-default provisions, arbitration clause, personal guarantee, default cure periods, non-compete agreement, favorable valuations for corporate buyout
Can you negotiate lower royalties during start-up? Yes
Can you purchase multiple franchises for a discounted franchise fee? Yes
Can you receive lower advertising fees? Yes
Will I know when the franchise break even? Yes
Will my personal assets including my home be safe in case my franchise business fails? Yes