Sunday
Jan312010
Rent-A-Wreck Franchise
Sunday, January 31, 2010 at 02:30PM Auto rentals & leasing
Start-up Costs & Franchises Fees
What is the total cost to open a Rent-A-Wreck Franchises?
Total Cost: $36,600-$211,000 USD
Total Franchise Fees: $8,000 USD -$26,000 USD
Ongoing Royalty Fees: $30/car/mo.
Ongoing Advertising Fees:
Term of Agreement: 10 years
Contact Information for Rent-A-Wreck
|
Rent-A-Wreck |
Phone Number: (410)581-5755 |
Rent-A-Wreck In the Press
No results at this time.Historical Expansion
In what year did Rent-A-Wreck begin operations? 1970
When did Rent-A-Wreck begin selling franchises? 1977
Year United States Canada International Corporate 2005 302 0 0 0 2004 350 0 26 0 2003 398 0 24 0 2002 417 0 22 0 2001 491 0 26 0
Future Expansion
Countries of Interest:
Franchise Financing Information
Cost In House Financing Available? 3rd Party Financing Available? Franchise Fee Yes No Initial Start-up Capital No Yes Plant, Property, and Equipment No Yes Inventory No Yes Accounts Receivable No No Payroll No No 3rd Party Financing Available? Financing Source(s): AFC, Manheim Auto Financing
Training & Support
Training
At counter classes, marketing seminar, and through newsletter
Support
In the Pressletter, Meetings, Toll free phone number, Grand opening support, Internet referrals, Safety and Security procedures, Field support and site evaluation, Purchasing cooperatives
Marketing
Cooperative advertising, Ad slicks, National media, Regional advertising support
Franchise Operation Restrictions
International franchise business owners required to buy multiple units/master licenses; 30% of all franchise business owners own more than one franchise location.Number of employees needed to run franchised unit: 2
Absentee ownership of franchise is allowed. (70% of current franchise business owners are owner/operators)
Jason Rager's Inside Information
Can you buy this franchise for no money down? YesPlease note: You must use my system to receive these benefits and so much more. Click here.
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