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Updated RecentlyRacing Limos vs Nexterus Franchise Comparison
Below is an in-depth analysis and side-by-side comparison of Racing Limos vs Nexterus including start-up costs and fees, business experience requirements, training & support and financing options.
Start-Up Costs and Fees |
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| Investment | $39,000 - $100,000 | $87,800 - $124,300 |
| Franchise Fee | $22,500 - $77,500 | $45,000 - $60,000 |
| Royalty Fee | $291 per month on your first vehicle | 3% |
| Advertising Fee | - | $100/mo. |
| Year Founded | 2002 | - |
| Year Franchised | 2003 | - |
| Term Of Agreement | - | 5 years ++5+5 |
| Term Of Agreement | - | 5 years ++5+5 |
| Renewal Fee | - | - |
Business Experience Requirements |
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| Experience | - | - |
Financing Options |
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| In-House/3rd Party | In-House/3rd Party | |
| Franchise Fees | -/- | -/- |
| Start-up Costs | -/- | -/- |
| Equipment | -/- | -/- |
| Inventory | -/- | -/- |
| Receivables | -/- | -/- |
| Payroll | -/- | -/- |
Training & Support |
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| Training | * Comprehensive course * Extensive operations manual * Personal visits * Telephone visits * Annual conference (3 days) * Networking opportunities * Website support area including message board, franchisee news, local website administration and an extensive on-line library * Toll free help line | Comprehensive corporate-based and in-territory training Ongoing training and support |
| Support | - | Assistance with local marketing, lead generation and sales efforts Access to approved suppliers and exclusive supply chain modeling and management technologies Centralized back-office technical and call center support A detailed, confidential operations manual |
| Marketing | * Custom newsletters and direct mail pieces * Toll free help desk * National toll free lead line * Your own Internet website * Annual national conference * Introductory print ads * Marketing brand package of promotional materials * Public relations pieces * Mobile advertising customizable presentation | - |
| Operations | - | - |
Expansion Plans |
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| US Expansion | Yes | - |
| Canada Expansion | - | - |
| International Expansion | - | - |
Company Overviews
About Racing Limos
Racing Limos was founded by Bryan Pease in Naples, FL in 2002 as a specialty transportation company. At its peak, Racing Limos boasted 53 active franchise locations, but the 2007-2009 downturn slid the franchise operations into difficult times.
James Albion (Dover, NH) got involved with the NH franchise as an ad agency, ZMJ Advertising (founded in 1992), and felt the company had potential more as a marketing & advertising company than a limousine service. Albion took over the Racing Limos business under his NH corporation, Racing Limos America, Inc., in April 2010.
"With the economy likely to stay in the dumper for another 10 years, and gasoline showing signs that we could see $5 - $6 per gallon, I saw the potential of the business moving into marketing and away from a luxury service. Regardless of economy, businesses advertise, and when the economy is very difficult, as it is now, businesses are looking for more creative, aggressive forms of advertising to keep moving forward. We are that aggressive, creative business."
Franchises are priced as turnkey operations, making it easier for a franchise owner to be in business and moving forward from Day 1.About Nexterus
Since our humble beginnings in Baltimore in 1946, Nexterus has been focused on helping small and medium companies compete through the power of supply chain. We research best-in-class supply chain strategies being employed by the largest companies in the world. Then, we bring them to you in scalable, affordable applications. Nexterus' unique approach of modeling, optimizing and managing gives you the freedom to build your business without being distracted by a multitude of complex supply chain challenges.
We are primarily seeking franchisees that are current supply chain industry professionals or military veterans with logistics experience who can apply their knowledge to operate a compelling, home-based supply chain consulting and management business. We look for individuals who are high-energy, have solid sales and rapport-building skills and who can demonstrate they are committed to providing great, consultative customer service. All franchise owners must be, or become, domestic property brokers.
With Nexterus, you can provide supply chain management services and
solutions for a wide base of small and medium sized companies in your
local area.