|
PAYLESS CAR RENTAL SYSTEM, Inc., has been a recognized name in the car rental industry for almost 30 years. Car rental expertise and an experienced corporate office staff give each franchisee individual assistance and the competitive edge. We offer the tools to become successful in the vehicle rental and sales business.
Franchisor Background
Year Established: 1971
Franchising Since: 1971
Operating Units: |
| Franchised Units: | 103 | | 95.4% | | |
| Company-Owned Units: | 5 | | 4.6% | | |
| | ______ | | _____ | | |
| Total Operating Units: | 108 | | 100% | | |
| |
Geographic Distribution: |
| U.S.: | 57 | | 52.8% | | In 15 States |
| Canada: | 0 | | 0% | | In 0 Canadian Provinces |
| International: | 51 | | 47.2% | | In 0 Foreign Countries |
| | ______ | | _____ | | |
| Total: | 108 | | 100% | | |
| |
North America: |
| States/Provinces with the largest number of operating units: |
| Density | Units | | | | |
| 1. Alaska | 5 | | 2. California | 8 | | 3. Florida | 10 |
Registered in Following Registration States: California, Florida, Hawaii, Illinois, Indiana, Maryland, Michigan, Minnesota, New York, North Dakota, Oregon, Rhode Island, South Dakota, Virginia, Washington, Wisconsin, District Of Columbia
Financial Requirements
Investment: |
| Minimum Net Worth: | $500K-$1MM |
| Cash Investment: | $300K+ |
| Total Investment: | $260K-6.5MM+ |
| Average Total Investment: | $3380K |
| |
Fees: |
| Initial Franchise Fee: | $20-500K |
| Average Franchise Fee: | $68K |
| On-Going Royalty: | 4-5% |
| Average Royalty: | 4% |
| Advertising Fee: | 1-3% |
Average Number of Employees: Varies Full-time, 0 Part-time
Space Needs (in square footage): Varies
Preferred Sites: Free-standing Building
Other Sites:
Encourage Conversions? Yes
Earnings Claims Provided? No
Listed in the SBA Registry? No
Support and Training
| International Franchise Association: | Yes |
| Canadian Franchise Association: | No |
| Franchisee Association/Member: | Yes, Member |
| Size of Corporate Staff: | 50 |
| Site Selection Assistance? | No |
| Lease Negotiation Assistance? | No |
| Financial Assistance? | No |
| |
Marketing Support: |
| Co-Op Advertising: | No |
| National Advertising: | No |
| Regional Advertising: | No |
| Local Advertising: | No |
| Marketing Materials: | None Specified |
| Additional Services: | None Specified |
| Other Marketing Support: | None Specified |
| |
On-Going Support: |
| Central Data Processing: | Included in Fees |
| Central Purchasing: | Included in Fees |
| Field Operation Evaluation: | Included in Fees |
| Field Training: | Included in Fees |
| Initial Store Opening: | Included in Fees |
| Inventory Control: | Not Applicable |
| Franchisee Newsletter: | Included in Fees |
| Regional or National Meetings: | At Additional Cost |
| 800 Telephone Hotline: | Included in Fees |
| |
Training: |
| 1. Corporate Office | 3-5 Days | | 2. Franchisee's Location | 3-5 Days |
|
|
Franchisee Qualifications
| Ranked from 1 (unimportant) to 5 (important): |
| |
| Financial Net Worth: | 5 |
| General Business Experience: | 4 |
| Specific Industry Experience: | 1 |
| Formal Education: | 2 |
| Psychological Profile: | 3 |
| Personal Interview(s): | 5 |
| |
| |
Minority Representation
Units Owned by Minorities: |
| African-American: | 1 |
| Asian-American: | 9 |
| Hispanic: | 12 |
| Native American: | 0 |
| Other: | 7 |
| Specific Minority: | MBE/DBE assistance for in-terminal counters at major U.S. airports. |
| |
| |
Terms of Contract
| Term of Initial Contract: | 5 Year(s) |
| Term of Renewal Period: | 5 Year(s) |
| Passive Ownership: | Allowed, But Discouraged |
| Area Development Agreements? | Yes, for 4 Year(s) |
| Sub-Franchising Contracts? | Yes |
| Franchisees Allowed to Expand Within Territory? | Yes |
Expansion Plans
Projected New Units Over Next 12 months: 15
| U.S.: | Yes, All United States |
| Canada: | Yes, All Canada |
| Overseas: | Yes, All Countries |
|
Franchise News