Business Description

THRIFTY CAR RENTAL's high name awareness and consistent image of quality and reliable service have resulted in THRIFTY becoming one of North America's fastest-growing car rental companies. THRIFTY has over 1,200 locations in 60 countries worldwide, with approximately 145 locations in Canada. Represented at all major Canadian airport locations, also the largest off-airport car rental in the U. S. and the 5th largest in # of locations throughout North America. Full range of innovative support services.

Franchisor Background

Year Established:  1958

Franchising Since:  1984

Operating Units:
Franchised Units:	120	82.8%
Company-Owned Units:	25	17.2%
Total Operating Units:	145	100.0%
Geographic Distribution: U.S.: 60 41.4% In 0 States Canada: 25 17.2% In 0 Canadian Provinces International: 60 41.4% In 0 Foreign Countries   Total: 145 100.0%

North America:
States/Provinces with the largest number of operating units:

Density

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

Investment:
Minimum Net Worth:	$250K
Cash Investment:	$50-300K
Total Investment:	$200-500K
Average Total Investment:	$350K
Fees:
Initial Franchise Fee:	$15K+
Average Franchise Fee:	$15K
On-Going Royalty:	5%
Average Royalty:	5%
Advertising Fee:	3%

Average Number of Employees: 3 Full-time, 2 Part-time

Space Needs (in square footage): Varies

Preferred Sites: Free-standing Building, Storefront, Strip Center, Regional Mall

Other Sites: Dealership

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:	3
Formal Education:	4
Psychological Profile:	3
Personal Interview(s):	3
Terms of Contract
Term of Initial Contract:	5 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:	Yes
Franchisee Association/Member:	Yes, Member
Size of Corporate Staff:	465
Site Selection Assistance?	Yes
Lease Negotiation Assistance?	Yes
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:	Not Applicable
Central Purchasing:	Included in Fees
Field Operation Evaluation:	Included in Fees
Field Training:	Included in Fees
Initial Store Opening:	At Additional Cost
Inventory Control:	Included in Fees
Franchisee Newsletter:	Included in Fees
Regional or National Meetings:	At Additional Cost
800 Telephone Hotline:	Included in Fees
Training:
1. On-Site	1 Week
2. Headquarters	1 Week
Expansion Plans
Projected New Units Over Next 12 months: 10 U.S.: Yes, All United States Canada: Yes, All Canada Overseas: Yes, All Countries	Request Franchisor Info   Submit an online form to receive information from Thrifty Car Rental (Canada).