Business Description

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:	849	84.9%
Company-Owned Units:	151	15.1%
Total Operating Units:	1,000	100.0%
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   Total: 1,000 100.0%

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:	$200-250K
Average Total Investment:	$225K
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

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:	5
Specific Industry Experience:	5
Formal Education:	3
Psychological Profile:	3
Personal Interview(s):	5
Terms of Contract
Term of Initial Contract:	10 Year(s)
Term of Renewal Period:	5 Year(s)
Passive Ownership:	Not Allowed
Area Development Agreements?	No
Sub-Franchising Contracts?	No
Franchisees Allowed to Expand Within Territory?	Yes
Support and Training
International Franchise Association:	No
Canadian Franchise Association:	No
Franchisee Association/Member:	No
Size of Corporate Staff:	1000
Site Selection Assistance?	No
Lease Negotiation Assistance?	Yes
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:	Included in Fees
Franchisee Newsletter:	Included in Fees
Regional or National Meetings:	Included in Fees
800 Telephone Hotline:	Included in Fees
Training:
1. Mentor Program at Headquarters in Tulsa, OK	5 Days
Expansion Plans
Projected New Units Over Next 12 months: 50-75 U.S.: Yes, Selected Markets Remaining Canada: Yes, All Canada Overseas: Yes, All Countries	Request Franchisor Info   Submit an online form to receive information from Thrifty Car Rental.