| ||||
Updated RecentlyBates Motor Home Rental Network Inc. vs J.D. Byrider Systems Franchise Comparison
Below is an in-depth analysis and side-by-side comparison of Bates Motor Home Rental Network Inc. vs J.D. Byrider Systems including start-up costs and fees, business experience requirements, training & support and financing options.
Start-Up Costs and Fees |
||
| Investment | $33,800 - $250,000 | $349,750 - $672,500 |
| Franchise Fee | $17,000 - $35,000 | $50,000 |
| Royalty Fee | 8% | 2.5% |
| Advertising Fee | - | $1.5K/mo. |
| Year Founded | 1973 | 1979 |
| Year Franchised | 1995 | 1989 |
| Term Of Agreement | 10 years | 10 years |
| Term Of Agreement | 10 years | 10 years |
| Renewal Fee | $1K | - |
Business Experience Requirements |
||
| Experience | ||
Financing Options |
||
| In-House/3rd Party | In-House/3rd Party | |
| Franchise Fees | Yes/No | No/Yes |
| Start-up Costs | Yes/No | No/Yes |
| Equipment | Yes/No | No/Yes |
| Inventory | Yes/No | No/Yes |
| Receivables | Yes/No | No/Yes |
| Payroll | Yes/No | No/Yes |
Training & Support |
||
| Training | - | On-The-Job Training: Varies Classroom Training: Varies Additional Training: Web-based curriculum |
| Support | Newsletter, Meetings, Internet, Security/safety procedures, Purchasing cooperatives | Newsletter Meetings/Conventions Toll-Free Line Grand Opening Online Support Security/Safety Procedures Field Operations Site Selection Proprietary Software |
| Marketing | Co-op advertising | Co-op Advertising Ad Templates Regional Advertising Social media SEO Website development Email marketing Loyalty program/app |
| Operations |
Franchise can be run from home. 0% of all franchisees own more than one unit
Absentee ownership of franchise is allowed. |
40% of all franchisees own more than one unit Number of employees needed to run franchised unit: 12 - 20
Absentee ownership of franchise is allowed. (28% of current franchisees are owner/operators)
|
Expansion Plans |
||
| US Expansion | - | Yes |
| Canada Expansion | No | No |
| International Expansion | Yes | Yes |
Company Overviews
About Bates Motor Home Rental Network Inc.
The international presence of the Bates Motor Home Rental Network will continue to be a trendsetter in its appeal to consumers. The access to state-of-the-art vehicles, backed by competent technical support and customer service is the key to capitalize fully on these trends and opportunities.
As large rental companies expand customer awareness through diverse
marketing, all quality rental operators benefit. Demand for commercial
RV rentals will continue to accelerate at a faster rate than the supply
of rental RVs. The reason for this phenomenal growth in demand is due to
the Baby Boom Generation.
About J.D. Byrider Systems
Owner of a Chevrolet-Cadillac dealership in Marion, Indiana, James F. DeVoe learned how profitable used cars could be when he added a used car dealership to his operation in 1979. With a $19 ad in the local paper, DeVoe sold eight cars the first week for a gross profit of $1,000 each.
Ten years later, DeVoe founded J.D. Byrider (http://www.jdbyrider.com/) in 1989 to deliver dependable used cars and affordable financing.
Indianapolis-based J.D. Byrider specializes in 5- to 10-year-old cars sold for an average of $7,000. The target customer is a blue-collar worker with a blemished or limited credit history, a segment that has grown with the rise of personal bankruptcies. Unlike most dealerships, where customers pick a car and then figure out how to finance it, J.D. Byrider reverses the process: Credit counselors guide customers toward vehicles within their price range.
Every J.D. Byrider franchise (http://www.jdbyrider.com/) is two companies working together: a used car sales company, J.D. Byrider, and a sub-prime auto finance company, the CarNow Acceptance Co. (CNAC). Both are independently owned and operated by franchisees.