Payless Car Rental Franchise Review
Payless Car Rental is graded based on our most recent FDD research!
Franchise Information
The franchisee will rent and lease cars, trucks, SUVs, and vans to the public.
What is the upfront cost to be a franchise owner of a Payless Car Rental franchise?
Payless Car Rental has an initial franchise fee of up to $500,000, with a overall upfront investment range of $672,390 to $7,445,440.
- Initial Franchise Fee: $500,000
- Total Investment: $672,390 to $7,445,440
- Working Capital: $15,000 to $200,000
- Royalty Fee: 7.5%
The upfront cost of any franchise opportunity includes many fees. Explore this investment opportunity to better understand the initial costs required to buy a Payless Car Rental, such as territory fees, construction and costs, pre-opening, marketing, and technology fees.
Can you Afford This Franchise. Complete our Affordability Calculator to find out!
How much can I earn by owning a Payless Car Rental franchise?
As with any new business, the franchise owner's salary and the earnings from a Payless Car Rental business depends on a lot of different factors. One way to validate the potential revenues or profits generated from a Payless Car Rental franchise investment is to review the franchisor's Item 19 within their FDD. Typically, profits and owner's income are correspond to the size of the investment and number of locations you own. Demand for your products, your labor costs, commercial lease rates and a number of other variables also play a huge role in your profit margin and your personal salary
For more details and system-specific data on the earnings of a Payless Car Rental franchise opportunity, unlock this franchise
How many franchise locations does Payless Car Rental franchise system have?
As of the 2017 Franchise Disclosure Document, there are 39 franchised Payless Car Rental locations across the United States.
Did you know there are over 3,000 franchise opportunities across the United States. More than 80% have less than 10 locations.
Are there any Payless Car Rental franchises in my city?
Based on 2017 FDD analysis, Payless Car Rental has franchised locations in 11 states. There could be zero outlets in several states as each franchise maps out their growth strategy differently.
Based on our research this franchise opportunity is expanding into new markets and could be available near you. While planning your franchise purchase, you always need to be thinking about where is a good location for my business. Review the potential customer base to assess that the area you are looking at has a need or want for this business.
One of our consultants will have detailed knowledge about this franchise opportunity. Sign up to learn more and talk with our researchers.
Last Reviewed: 2017
Sector: Automotive
Category: Transportation Services
Payless Car Rental Franchise DATA
5 Years
5 Years
24
39
7.5%
0.0%
ADDITIONAL QUESTIONS
Do they provide any initial training and opening assistance?
No they do not have an initial training program. Unlock to find out more.
| Online | N/A |
|---|---|
| On-the-Job | 0 |
| Classroom | 0 |
| Total | 0 |
Do they offer Territory Rights?
Payless Car Rental offers territory protections. For an explanation of territorial rights, unlock this franchise for important details.
Do they have marketing and technology support in place?
No, Payless Car Rental does NOT offer comprehensive support for franchisees.
When did they begin franchising?
They began franchising in 1978. The average Transportation Services franchise began franchising in 1996.
Do they offer lending support?
No, but you can click here to fill out our affordability calculator and understand your financing options.
Unlock this franchise for instant access to our research findings, including:
- Growth projections
- Turnover projections
- Financial details
- Initial and renewal terms
- Royalties and marketing fees
- Critical Franchise FAQs
- Our grade and free access to consult with a franchising expert
- What are the historical franchisee revenues?
- Do they provide Veteran or First Responder discounts?
- Do they use public figures to promote their franchise?
- Do they disclose any bankruptcies?
- Is this brand affiliated with any other franchise companies or private equity investment groups?
- How many new outlets have they sold over the last 5 years?
- How many franchised outlets have closed over the last 5 years?
- How many new outlets have they sold in the last 5 years?
- How many franchised outlets have terminated over the last 5 years?
- Do they operate any corporate or affiliate owned outlets?
- How many years is their initial and renewal term lengths?
- How do they solve franchisee disputes?
- How long has the franchisor been in business?
- Are they expanding internationally?
- How are the royalty, advertising and marketing funds administered and managed by the franchisor?
- How are territories defined?
- What is the role of technology in the operation of the franchise?
- Why has new franchisee growth been so high?
- What are the critical requirements for operating a successful franchised location in this brand?
- Are you required to work as an owner-operator or is this a passive franchise opportunity?
- Will the franchisor refund any upfront fees under certain circumstances?