Start-Up Costs and Fees |
||
| Rent-A-Wreck | GoCar GPS-Guided Tours | |
| Investment | 36600 - 211000 | 175000 - 375000 |
| Franchise Fee | 0 | |
| Royalty Fee | $30/car/mo. | 10% |
| Advertising Fee | ||
| Year Founded | 1970 | 2004 |
| Year Franchised | 1977 | 2005 |
| Term Of Agreement | ||
| Term Of Agreement | ||
| Renewal Fee | ||
Business Experience Requirements |
||
| Rent-A-Wreck | GoCar GPS-Guided Tours | |
| Experience | ||
Financing Options |
||
| Rent-A-Wreck | GoCar GPS-Guided Tours | |
| Franchise Fees | Yes | No |
| Start-up Costs | No | No |
| Equipment | No | No |
| Inventory | No | No |
| Receivables | No | No |
| Payroll | No | No |
Training & Support |
||
| Rent-A-Wreck | GoCar GPS-Guided Tours | |
| Training | 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. | * Available at headquarters: 4 weeks * At franchisee's location: 2 weeks |
| Support | Newsletter, Meetings, Toll-free phone line, Grand opening, Internet, Security/safety procedures, Field operations/evaluations, Purchasing cooperatives | |
| Marketing | Co-op advertising, Ad slicks, National media, Regional advertising | |
| Operations | International franchisees required to buy multiple units/master licenses; 30% of all franchisees own more than one unit Number of employees needed to run franchised unit: 2 Absentee ownership of franchise is allowed. (70% of current franchisees are owner/operators) | |
Expansion Plans |
||
| Rent-A-Wreck | GoCar GPS-Guided Tours | |
| US Expansion | ||
| Canada Expansion | ||
| International Expansion |
Start-Up Costs and Fees Mobile |
|
| Investment | |
| Rent-A-Wreck | |
| GoCar GPS-Guided Tours | |
| Franchise Fee | |
| Rent-A-Wreck | |
| GoCar GPS-Guided Tours | |
| Royalty Fee | |
| Rent-A-Wreck | $30/car/mo. |
| GoCar GPS-Guided Tours | 10% |
| Advertising Fee | |
| Rent-A-Wreck | |
| GoCar GPS-Guided Tours | |
| Year Founded | |
| Rent-A-Wreck | 1970 |
| GoCar GPS-Guided Tours | 2004 |
| Year Franchised | |
| Rent-A-Wreck | 1977 |
| GoCar GPS-Guided Tours | 2005 |
| Term Of Agreement | |
| Rent-A-Wreck | 10 years |
| GoCar GPS-Guided Tours | 5 years |
| Renewal Fee | |
| Rent-A-Wreck | |
| GoCar GPS-Guided Tours | |
Business Experience Requirements |
|
| Experience | |
| Rent-A-Wreck | |
| GoCar GPS-Guided Tours | |
Financing Options |
|
| Franchise Fees | |
| Rent-A-Wreck | Yes |
| GoCar GPS-Guided Tours | Yes |
| Start-up Costs | |
| Rent-A-Wreck | |
| GoCar GPS-Guided Tours | |
| Equipment | |
| Rent-A-Wreck} | |
| GoCar GPS-Guided Tours | |
| Inventory | |
| Rent-A-Wreck | |
| GoCar GPS-Guided Tours | |
| Receivables | |
| Rent-A-Wreck | |
| GoCar GPS-Guided Tours | |
| Payroll | |
| Rent-A-Wreck | |
| GoCar GPS-Guided Tours | |
Training & Support |
|
| Training | |
| Rent-A-Wreck | 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. |
| GoCar GPS-Guided Tours | * Available at headquarters: 4 weeks * At franchisee's location: 2 weeks |
| Support | |
| Rent-A-Wreck | Newsletter, Meetings, Toll-free phone line, Grand opening, Internet, Security/safety procedures, Field operations/evaluations, Purchasing cooperatives |
| GoCar GPS-Guided Tours | |
| Marketing | |
| Rent-A-Wreck | Co-op advertising, Ad slicks, National media, Regional advertising |
| GoCar GPS-Guided Tours | |
| Operations | |
| Rent-A-Wreck | International franchisees required to buy multiple units/master licenses; 30% of all franchisees own more than one unit Number of employees needed to run franchised unit: 2 Absentee ownership of franchise is allowed. (70% of current franchisees are owner/operators) |
| GoCar GPS-Guided Tours | |
Expansion Plans |
|
| US Expansion | |
| Rent-A-Wreck | |
| GoCar GPS-Guided Tours | |
| Canada Expansion | |
| Rent-A-Wreck | |
| GoCar GPS-Guided Tours | |
| International Expansion | |
| Rent-A-Wreck | |
| GoCar GPS-Guided Tours | |