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Updated RecentlyPayless Car Sales Inc. Franchise Comparison
Below is an in-depth analysis and side-by-side comparison of Payless Car Sales Inc. including start-up costs and fees, business experience requirements, training & support and financing options.
Start-Up Costs and Fees |
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| Investment | $351,700 - $3,100,000 | |
| Franchise Fee | $30,000 | |
| Royalty Fee | $2500+/mo. | |
| Advertising Fee | - | |
| Year Founded | 2001 | |
| Year Franchised | 2001 | |
| Term Of Agreement | 5 years | |
| Term Of Agreement | 5 years | |
| Renewal Fee | $1000 for 5 years | |
Business Experience Requirements |
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| Experience | - | |
Financing Options |
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| In-House/3rd Party | ||
| Franchise Fees | No/No | |
| Start-up Costs | No/No | |
| Equipment | No/No | |
| Inventory | No/No | |
| Receivables | No/No | |
| Payroll | No/No | |
Training & Support |
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| Training | * Available at headquarters: 2 days * At franchisee's location: 1-2 weeks |
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| Support | - | |
| Marketing | - | |
| Operations | * 12% of all franchisees own more than one unit * Number of employees needed to run franchised unit: 8 - 10 * Absentee ownership of franchise is allowed. (90% of current franchisees are owner/operators) |
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Expansion Plans |
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| US Expansion | Yes | |
| Canada Expansion | - | |
| International Expansion | Yes | |
Company Overviews
About Payless Car Sales Inc.
Payless Car Sales is a franchise system specifically designed to provide qualified independent used car dealerships with the opportunity to affiliate with a recognized global brand. Our primary objective is to build the largest and most trusted quality pre-owned vehicle sales franchise system in the United States and beyond.