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Rent-A-Wreck of America
America's # 1 neighborhood car rental company, RENT-A-WRECK has attained the highest ratings in the franchising industry. For 5 successive years, Entrepreneur Magazine rated RENT-A-WRECK # 1 in its category for the prestigious Franchise 500 awards. The annual Success Magazine named RENT-A-WRECK 'one of the best-managed franchises in America.' Success surveyed over 2,800 franchise companies in all industries and ranked RENT-A-WRECK 4th.
Franchisor Background
Year Established:
1968
Franchising Since:
1973
IFA Member
Operating Units:
Franchised Units:
178
100%
Company-Owned Units:
0
0%
______
_____
Total Operating Units:
178
100%
Geographic Distribution:
U.S.:
142
79.8%
In 49 States
Canada:
0
0%
In 0 Canadian Provinces
International:
36
20.2%
In 3 Foreign Countries
______
_____
Total:
178
100%
North America:
States/Provinces with the largest number of operating units:
Density
Units
1. New York
34
2. California
33
3. New Jersey
31
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:
$40-50K
Total Investment:
$100-300K
Average Total Investment:
$200K
Fees:
Initial Franchise Fee:
$15K
Average Franchise Fee:
$0K
On-Going Royalty:
$30/Car
Average Royalty:
0%
Advertising Fee:
$7/Car
Average Number of Employees:
2 Full-time, 1 Part-time
Space Needs (in square footage):
1,500
Preferred Sites:
Free-standing Building, Storefront, Strip Center
Other Sites:
Encourage Conversions?
No
Earnings Claims Provided?
Yes
Listed in the SBA Registry?
No
Support and Training
International Franchise Association:
Yes
Canadian Franchise Association:
No
Franchisee Association/Member:
Yes, Member
Size of Corporate Staff:
12
Site Selection Assistance?
No
Lease Negotiation Assistance?
No
Financial Assistance?
No
Marketing Support:
Co-Op Advertising:
Yes
National Advertising:
Yes
Regional Advertising:
No
Local Advertising:
No
Marketing Materials:
Ad Slicks, Brochures, Catalogs, Coupons/rebates, Direct Mailers, Emails, Promotional Items, Radio Ads, Site Signs, Television Ads, Trade Show Exhibits, Videos
