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Home >> Automotive >> New/Used Auto Rental/Leasing
| Payless Car Rental System 2350 34th St. N. St. Petersburg, FL 33713 |
Submit an online form to receive information from Payless Car Rental System.
|
Business Description
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
North America:
States/Provinces with the largest number of operating units:
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
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
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 | 100.0% | |||||||||||||||||||||||||||||
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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% |
Space Needs (in square footage): Varies
Preferred Sites: Free-standing Building
Other Sites:
Encourage Conversions? Yes
Earnings Claims Provided?: No
| 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 | ||||||||
| 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 | ||||||||
| 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 | ||||||||
| Expansion Plans | |||||||||
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Submit an online form to receive information from Payless Car Rental System.
|
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