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Rent-A-Wreck of America
10324 S. Dolfield Rd.
Owings Mills, MD 21117
800#: (800) 421-7253 ex 407
Tel: (410) 581-5755
Fax: (410) 581-1566
E-Mail: [email protected]
Web Site: www.rent-a-wreck.com
Contact: Mr. Dale Tripp, Sales Manager
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
Established: 1973
First Franchise: 1978
Franchise Units: 450
Company-Owned Units: 0
Total Units: 450
Distribution:
U.S. -- 429;
Canada -- 0;
International -- 21
-North America -- Operations in 49 States
-States/Provinces with Greatest Density: 55 in CA, 43 in NY, 34 in NJ
Projected New Units Over Next 12 months: 73
Franchisee Qualifications: 3, 5, 2, 3, 3, 3
(Click here for an explanation)
Registered in Following Registration States: All States (Click here for an explanation)
Average Number of Employees: 1 FT (FT = Full Time, PT = Part Time)
Space Needs: 1,500 SF; FS, SF, SC
(Click here for abbreviations)
Encourage Conversion: No
Financial Requirements
Cash Investment: $32.8K
Total Investment: $32.8-209K
Average Total Investment: $120.9K
Minimum Net Worth: $50K
Fees:
-Franchise: $8K
-Average Franchise Fee: $8.0K
-Royalty: $30/Car
-Advertising: $7/Car
Provide Earning Claim Statement: No
Terms of Contract
Term of Contract (Years): 10/5
Passive Ownership: Discouraged
Area Development Agreements: No
Sub-Franchising Contracts: No
Expand In Territory: Yes
Franchisor Support and Training Provided
Site Selection Assistance: No
Lease Negotiation Assistance: No
Financial Assistance: Yes(D)
Cooperative Advertising: Yes
International Franchise Association:
Canadian Franchise Association:
Franchisee Association / Member: Yes/Yes
Size Of Corporate Staff: 25
On-Going Support: C,D,e,G,h,I (Click here for an explanation)
Training: 1 Week Baltimore, MD.
Franchisor's Specific Expansion Plans
U.S.: All United States
Canada: No
Overseas: All Countries
Note: NR = No Response by Franchisor.
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