George Moorhead, Area Development Manager NE United States. |
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Jason Manelli, Director of Marketing & Communications |
What are the advantages to owning a franchise?
You Get the Best of Both WorldsAs a franchise owner you are able to work independently and also have the support and brand recognition of the franchising company. The franchising company helps facilitate rapid expansion, lower capital expenditures, lower on-going expenses, and marketing advantages.
A Higher Rate of Success
A recent study conducted by The United States Chamber of Commerce found that 86% of franchises that opened in the last 5 years still existed under the same ownership and 97% were still open for business. Another recent U.S. Small Business Administration study found that 62% of non-franchise owned businesses were closed within the first six years.
What markets are available for Rent-A-Wreck franchising?
Please view our market map to see current franchise locations.Can I add a Rent-A-Wreck to my existing automobile related business?
Absolutely! Adding a Rent-A-Wreck franchise to your existing business is a great way to bring greater convenience to your customer, create more traffic at your business, and gain additional revenue. The greatest part is that you will avoid all the risk of sending your customers to an outside party.What kind of field support is available?
New franchisees are assigned an Area Development Manager (ADM) to ensure a quick and efficient launch. Our goal is for all new locations to be on a fast track to profitability. Our opening processes and the individual attention from our ADM's helps to eliminate the guesswork for our newest franchise owners. Following the store opening, our ADM's remain in constant contact with their franchises, providing advice, support and training.What if I have no experience in the car rental industry?
No Problem! Our five-day initial training program will cover all the information you will need to start a successful Rent-A-Wreck Franchise. Also our knowledgeable ADM's will be readily available to answer any questions you may have and are there to assist you in making your business profitable.Does Rent-A-Wreck offer a training program?
Rent-A-Wreck has a comprehensive five-day initial training seminar that covers all the information you need to open a successful Rent-A-Wreck business. In addition, we also provide opportunities for you to continually expand your knowledge with resources such as our webinars, quarterly newsletters, and regional and national franchisee meetings.What are the financial requirements for potential Rent-A-Wreck franchisees?
Opening costs vary widely and depend on a variety of factors. Unlike many other Automotive opportunities that require investments in specialized equipment and highly trained technicians, the primary investment in a Rent-A-Wreck franchise is in the fleet of automobiles. A franchise sales manager will discuss initial fleet costs and potential financing options with franchise candidates on an individual basis. Start up costs not related to vehicles are estimated between $10,000-$20,000 and cover assets like furniture, computers, signs, advertising and working capital.Other start up costs:
One Time Initial Franchise fee:
$12,000
Ongoing License fee:
$37 per car per month
Webrent software fee:
is $135 per month
Computerized credit card set-up fee:
$700 plus $125 for each point of sale device to scan credit cards
