RimTyme vs Hertz Car Rental Franchise Comparison

Below is an in-depth analysis and side-by-side comparison of RimTyme vs Hertz Car Rental including start-up costs and fees, business experience requirements, training & support and financing options.

Start-Up Costs and Fees
 
RimTyme Franchise
Hertz Car Rental Franchise
Investment $321,208 - $684,250$564,300 - $2,539,000
Franchise Fee $25,000$25,000 - $100,000
Royalty Fee 4%-
Advertising Fee $250/ mo-
Year Founded 2005-
Year Franchised 2007-
Term Of Agreement 5-10 years + 5-10-
Term Of Agreement 5-10 years + 5-10-
Renewal Fee --


Business Experience Requirements
 
RimTyme Franchise
Hertz Car Rental Franchise
Experience --

Financing Options
 
RimTyme Franchise
Hertz Car Rental Franchise
  In-House/3rd PartyIn-House/3rd Party
Franchise Fees No/Yes-/-
Start-up Costs No/Yes-/-
Equipment No/Yes-/-
Inventory No/Yes-/-
Receivables No/No-/-
Payroll No/No-/-

Training & Support
 
RimTyme Franchise
Hertz Car Rental Franchise
Training 4 Weeks-
Support *Central Purchasing *Field Operation Evaluation *Field Training *Initial Store Opening *Inventory Control *Franchisee Newsletter *Regional or National Meetings-
Marketing *National Advertising *Regional Advertising *Local Advertising *Marketing Materials *Additional Services *Other Marketing Support-
Operations Passive Ownership: Discouraged Average Number of Employees: 5 Full-time, 0 Part-time-

Expansion Plans
 
RimTyme Franchise
Hertz Car Rental Franchise
US Expansion YesYes
Canada Expansion No-
International Expansion YesYes

Company Overviews

About RimTyme

RimTyme franchises provide a full and complete line of custom wheel and tire products, offered to consumers under traditional retail sales programs and under rental purchase programs. RimTyme franchises also engage in retail sales of accessory products. The RimTyme franchise prototype was developed and proven by current franchisees. These custom rim and tire stores offer same-day custom wheel and tire installations to customers at competitive prices and affordable payment plans. Compelling unit economics, combined with a well-established franchisor with over 40 years' experience, provides an unparalleled opportunity.

About Hertz Car Rental

"hertz

Founded in 1918 in Chicago, USA, Hertz Rent A Car began life as a one-man business with a dozen cars for hire. Since then, Hertz has grown, changed and innovated until today it boasts 10,000 car hire locations across six continents and 145 countries - including the first global car rental business in China. The largest general use airport rental car provider in the world, Hertz is a globally recognized and trusted brand. Hertz founder, Walter Jacobs, invented the car rental industry and though the business has seen changes in ownership over the years, that tradition of innovation has always been retained. Hertz pioneered airport car rental locations (a sector which they continue to lead) and was the first in the market to introduce travel agent booking systems, an express service, onboard navigation, instant return, and online check-in. Committed to superior customer service and cost-efficient vehicle leasing, Hertz offers both commercial and leisure hire options.

The total investment necessary to begin operation of a new Hertz Business (excluding real estate) is $564,300 to $12,539,000. For new franchisees, this includes $25,000 to $100,000 that must be paid to the Franchisor or its affiliates. For any franchisee that is purchasing from the Parent or its affiliates the assets of certain existing car renting business locations, the investment may include a franchise fee of several hundred thousand dollars or more that must be paid to the Franchisor or its affiliates.