| ||||
Updated RecentlyPayless Car Rental vs Price King Rent-a-Car Franchise Comparison
Below is an in-depth analysis and side-by-side comparison of Payless Car Rental vs Price King Rent-a-Car including start-up costs and fees, business experience requirements, training & support and financing options.
Start-Up Costs and Fees |
||
| Investment | $217,900 - $6,300,000 | $120,000 |
| Franchise Fee | $15,000 - $500,000 | $59,000 - $99,000 |
| Royalty Fee | 4-5% | - |
| Advertising Fee | - | - |
| Year Founded | 1971 | 1984 |
| Year Franchised | 1971 | 1984 |
| Term Of Agreement | 5 years | - |
| Term Of Agreement | 5 years | - |
| Renewal Fee | $2.5K | - |
Business Experience Requirements |
||
| Experience | - | |
Financing Options |
||
| In-House/3rd Party | In-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 |
||
| 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 | - |
| Operations |
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) | - |
Expansion Plans |
||
| US Expansion | - | - |
| Canada Expansion | No | - |
| International Expansion | Yes | - |
Company Overviews
About Payless 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.
About Price King Rent-a-Car
Jerry King, a past proprietor of a Lincoln-Mercury Dealership, outlined Price King Rent-A-Car to be an extra benefit community for new and utilized auto dealerships. A similar fundamental standards additionally function admirably for remain solitary lease an auto franchisees. Value King's demonstrated techniques can help you prevail in the focused lease an auto business. A portion of the advantages of the Price King framework: Ease of Operations, Exclusive Territories, Year Round Positive Cash Flow, Positive Name and Image, On Going Support, and On Site Professional Training to give some examples.