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Payless Car Rental System

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

IFA Member

Operating Units:
Franchised Units:	95	92.2%
Company-Owned Units:	8	7.8%
	______	_____
Total Operating Units:	103	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. Florida	10
2. California	8
3. Alaska	5

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?

Listed in the SBA Registry?

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:

U.S.:	Yes, All United States
Canada:	Yes, All Canada
Overseas:	Yes, All Countries

Franchisor Background

Year Established:

Franchising Since:

IFA Member

Operating Units:

Geographic Distribution:

North America: