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Thrifty Car Rental
THRIFTY operates in over 57 countries and territories, with over 1,000 locations throughout North and South America, Europe, the Middle East, Caribbean, Asia and the Pacific, and is one of the fastest-growing car rental company in Canada and Australia. THRIFTY has a significant presence both in the airport and local car rental markets. Approximately 66% of its business is in the airport market, 34% in the local market.
Franchisor Background
Year Established:
1958
Franchising Since:
1962
Operating Units:
Franchised Units:
824
82.4%
Company-Owned Units:
176
17.6%
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_____
Total Operating Units:
1,000
100%
Geographic Distribution:
U.S.:
374
37.4%
In 46 States
Canada:
135
13.5%
In 10 Canadian Provinces
International:
491
49.1%
In 0 Foreign Countries
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_____
Total:
1,000
100%
North America:
States/Provinces with the largest number of operating units:
Density
Units
1. Ontario
59
2. Florida
37
3. California
34
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
Cash Investment:
$150K
Total Investment:
$714K-8.4MM
Average Total Investment:
$4K
Fees:
Initial Franchise Fee:
$Varies
Average Franchise Fee:
$-1K
On-Going Royalty:
3%
Average Royalty:
3%
Advertising Fee:
2.5-5%
Average Number of Employees:
4-6 Full-time, 0 Part-time
Space Needs (in square footage):
Varies
Preferred Sites:
Free-standing Building, Storefront, Strip Center, Regional Mall
Minority Franchise Development Program: Reduced net worth level from standard minimums maintained in the first year of operation; guaranteed access to an additional source of working capital with reduced repayment requirements; reduction in franchise fee; operating credit for automation or imaging included in the reduced franchise fee structure.
