Payless Car Rental Franchise

Car rental

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Payless Car Rental was established in 1971 in Spokane, Washington, by Les Netterstrom and his wife, Dusty. By 1982, their small two-location car rental business had grown to almost 100 franchises and one corporate-owned location. In 1983, the 150-location company changed its name to Payless Car Rental System Inc. In 1989, Netterstrom sold the company to a Taiwanese investment group. Eighty percent of the privately held company's franchise units are conversions; 47 percent of the franchisees own multiple locations.

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Please Note: The operators of Payless Car Rental, may not have verified the accuracy of the Franchise information contained within this website. For accurate up-to-date information, investors are strongly recommended to visit the official Payless Car Rental website.

How much does it cost to open a Payless Car Rental Franchise?

The estimated investment required to open a Payless Car Rental Franchise is between $217,900-$6,300,000. There is an initial franchise fee of $15,000-$500,000 which grants you the license to run a business under the Payless Car Rental name.

Individual Unit Costs

  • Initial Investment:
    $217,900-$6,300,000
  • Initial Franchise Fee:
    $15,000-$500,000
  • Royalty Fee:
    4-5%
  • Advertising Fee:
  • Term of Agreement:
    5 years
  • Renewal Fee:
    $2.5K



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Payless Car Rental News & Press Releases

When did the first Payless Car Rental open? 1971
When did Payless Car Rental start Franchising? 1971

Year U.S.A. Canada International Corporate
2005 55 0 44 7
2004 63 1 40 3
2003 51 1 35 2
2002 67 1 50 2
2001 73 0 47 0
Year U.S.A.
2005 55
2004 63
2003 51
2002 67
2001 73
Year Canada
2005 0
2004 1
2003 1
2002 1
2001 0
Year International
2005 44
2004 40
2003 35
2002 50
2001 47
Year Corporate
2005 7
2004 3
2003 2
2002 2
2001 0

International: Central America, South America,

Expense In-House Third Party
Franchise Fee No Yes
Startup Costs No Yes
Equipment No Yes
Inventory No Yes
Accounts Receivable No No
Payroll No No

Training
Ongoing training available as needed

Support
Newsletter, Meetings, Toll-free phone line, Grand opening, Internet, Security/safety procedures, Field operations/evaluations, Purchasing cooperatives

Marketing
National media

47% of all franchisees own more than one unit

Number of employees needed to run franchised unit: 4 - 20

Absentee ownership of franchise is allowed. (75% of current franchisees are owner/operators)

Business Experience:

  • Industry experience
  • General business experience

  • To calculate how much income a franchise owner can do at Payless Car Rental Franchise, may vary on factors like location, size etc., On the other side as a business owner your goals to maintain the quality of service while streaming sales high and expenses low. As any other franchise may include rent/mortgage, staffing/family, inventory supplies, utilities, administrative costs vise vera. Location to location and seasons the months costs may vary. Most franchises start up costs are typically fixed and they will cover most of the initial operating costs like signage, furniture, decoration and renovations.

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    Legal Disclaimer: This information is not a franchise offering for Payless Car Rental and should not be construed as such. The Franchise Mall makes every effort to maintain accurate franchise data but does not guarantee nor assume liability for incorrect data. We recommend that anyone seriously interested in pursuing a Payless Car Rental franchise opportunity, review that franchise's Franchise Disclosure Document (FDD) with an attorney and accountant.

    Payless Car Rental

    Payless Car Rental

    Payless Car Rental System Inc.
    2350-N 34th St. N.
    St. Petersburg, FL
    33713

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