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Below is an in-depth analysis and side-by-side comparison of Payless Car Sales Inc. vs Northside Autosports 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 | $50,000 |
Franchise Fee | $30,000 | $35,000 |
Royalty Fee | $2500+/mo. | - |
Advertising Fee | - | $250/Month |
Year Founded | 2001 | 2001 |
Year Franchised | 2001 | 2009 |
Term Of Agreement | 5 years | - |
Term Of Agreement | 5 years | - |
Renewal Fee | $1000 for 5 years | - |
Business Experience Requirements |
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Experience | - | Needs to have some background in sales/marketing and they need to be an automotive enthusiast. |
Financing Options |
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In-House/3rd Party | In-House/3rd Party | |
Franchise Fees | No/No | -/- |
Start-up Costs | No/No | -/Yes |
Equipment | No/No | -/Yes |
Inventory | No/No | -/Yes |
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 | Upfront training program, 24/7 online training and operating procedure archive access, social media marketing, event management, lead generation programs, supplier management/development programs, etc, etc. |
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) | - |
Expansion Plans |
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US Expansion | Yes | - |
Canada Expansion | - | Yes |
International Expansion | Yes | - |
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.