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Dollar Rent A Car
DOLLAR RENT A CAR operates and licenses others to operate daily car rental operations. Established over 30 years ago, DOLLAR RENT A CAR now serves the worldwide car rental market.
Franchisor Background
Year Established: 1965
Franchising Since: 1966
Operating Units:
Franchised Units: 434 74.4%
Company-Owned Units: 149 25.6%
______ _____
Total Operating Units: 583 100%
Geographic Distribution:
U.S.: 86 23.1% In 48 States
Canada: 36 9.7% In 0 Canadian Provinces
International: 250 67.2% In 0 Foreign Countries
______ _____
Total: 372 100%
North America:
States/Provinces with the largest number of operating units:
Density Units
1. California 0 2. Florida 0 3. Texas 0
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: $250K
Cash Investment: $100K-2MM
Total Investment: $713K-8.4MM
Average Total Investment: $4556K
Fees:
Initial Franchise Fee: $12.5K+
Average Franchise Fee: $12K
On-Going Royalty: 8%
Average Royalty: 8%
Advertising Fee: Included
Average Number of Employees: Varies Full-time, 0 Part-time
Space Needs (in square footage): 1,000+
Preferred Sites: Free-standing Building, Storefront, Strip Center
Other Sites:
Encourage Conversions? Yes
Earnings Claims Provided? No
Listed in the SBA Registry? No
Support and Training
International Franchise Association: No
Canadian Franchise Association: No
Franchisee Association/Member: No
Size of Corporate Staff: 400
Site Selection Assistance? No
Lease Negotiation Assistance? No
Financial Assistance? Yes, Direct
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: At Additional Cost
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: Included in Fees
800 Telephone Hotline: Included in Fees
Training:
1. Headquarters Orientation 3 Days 2. On-Site Field Training 2 Weeks 3. Automation 1 Week
Franchisee Qualifications
Ranked from 1 (unimportant) to 5 (important):
Financial Net Worth: 5
General Business Experience: 5
Specific Industry Experience: 4
Formal Education: 4
Psychological Profile: 4
Personal Interview(s): 5
Minority Representation
Units Owned by Minorities:
African-American: N/A
Asian-American: 5
Hispanic: N/A
Native American: N/A
Other: N/A
Specific Minority: DOLLAR is racial and gender neutral in its franchise development.
Terms of Contract
Term of Initial Contract: 10 Year(s)
Term of Renewal Period: 10 Year(s)
Passive Ownership: Not Allowed
Area Development Agreements? Yes, for 1 Year(s)
Sub-Franchising Contracts? No
Franchisees Allowed to Expand Within Territory? Yes
Expansion Plans
Projected New Units Over Next 12 months: 24
U.S.: Yes, Not FL,MA,VT,NH,NV,AR,UT,MT
Canada: Yes, 2 Master Fran.
Overseas: Yes, Australia, China, Southeast Asia