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Updated RecentlyPayless Car Rental Franchise
Car rental
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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How much does it cost to open a Payless Car Rental Franchise?
The 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 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 |
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:
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 System Inc.
2350-N 34th St. N.
St. Petersburg,
FL
33713