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Below is an in-depth analysis and side-by-side comparison of Bates Motor Home Rental Network Inc. vs RimTyme including start-up costs and fees, business experience requirements, training & support and financing options.
Start-Up Costs and Fees |
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Investment | $33,800 - $250,000 | $321,208 - $684,250 |
Franchise Fee | $17,000 - $35,000 | $25,000 |
Royalty Fee | 8% | 4% |
Advertising Fee | - | $250/ mo |
Year Founded | 1973 | 2005 |
Year Franchised | 1995 | 2007 |
Term Of Agreement | 10 years | 5-10 years + 5-10 |
Term Of Agreement | 10 years | 5-10 years + 5-10 |
Renewal Fee | $1K | - |
Business Experience Requirements |
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Experience | - | |
Financing Options |
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In-House/3rd Party | In-House/3rd Party | |
Franchise Fees | Yes/No | No/Yes |
Start-up Costs | Yes/No | No/Yes |
Equipment | Yes/No | No/Yes |
Inventory | Yes/No | No/Yes |
Receivables | Yes/No | No/No |
Payroll | Yes/No | No/No |
Training & Support |
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Training | - | 4 Weeks |
Support | Newsletter, Meetings, Internet, Security/safety procedures, Purchasing cooperatives | *Central Purchasing *Field Operation Evaluation *Field Training *Initial Store Opening *Inventory Control *Franchisee Newsletter *Regional or National Meetings |
Marketing | Co-op advertising | *National Advertising *Regional Advertising *Local Advertising *Marketing Materials *Additional Services *Other Marketing Support |
Operations |
Franchise can be run from home. 0% of all franchisees own more than one unit
Absentee ownership of franchise is allowed. | Passive Ownership: Discouraged Average Number of Employees: 5 Full-time, 0 Part-time |
Expansion Plans |
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US Expansion | - | Yes |
Canada Expansion | No | No |
International Expansion | Yes | Yes |
The international presence of the Bates Motor Home Rental Network will continue to be a trendsetter in its appeal to consumers. The access to state-of-the-art vehicles, backed by competent technical support and customer service is the key to capitalize fully on these trends and opportunities.
As large rental companies expand customer awareness through diverse
marketing, all quality rental operators benefit. Demand for commercial
RV rentals will continue to accelerate at a faster rate than the supply
of rental RVs. The reason for this phenomenal growth in demand is due to
the Baby Boom Generation.
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.