Wheel Fun Rentals vs Ultimate Watersports Pty Ltd Franchise Comparison

Below is an in-depth analysis and side-by-side comparison of Wheel Fun Rentals vs Ultimate Watersports Pty Ltd including start-up costs and fees, business experience requirements, training & support and financing options.

Start-Up Costs and Fees

 
Wheel Fun Rentals Franchise
Ultimate Watersports Pty Ltd Franchise
Investment $46,000 - $230,000$100,000 - $200,000
Franchise Fee $12,500 - $25,000$25,000
Royalty Fee 6%-
Advertising Fee --
Year Founded 19872016
Year Franchised 20002019
Term Of Agreement 10 years-
Term Of Agreement 10 years-
Renewal Fee $1K$1,000 / Month


Business Experience Requirements

 
Wheel Fun Rentals Franchise
Ultimate Watersports Pty Ltd Franchise
Experience
  • General business experience
  • No qualifications required, however, the manager must have a Coxswains Grade 2 minimum and training in each activity required. Ultimate Watersports supplies internal training on all available activities.

    Financing Options

     
    Wheel Fun Rentals Franchise
    Ultimate Watersports Pty Ltd Franchise
      In-House/3rd PartyIn-House/3rd Party
    Franchise Fees No/Yes-/-
    Start-up Costs No/Yes-/-
    Equipment No/Yes-/-
    Inventory No/No-/-
    Receivables No/No-/-
    Payroll No/No-/-

    Training & Support

     
    Wheel Fun Rentals Franchise
    Ultimate Watersports Pty Ltd Franchise
    Training Ongoing as neededAll activity training is provided on site specific to the operation.
    Support Newsletter, Meetings, Toll-free phone line, Grand opening, Internet, Field operations/evaluationsUltimate Watersports share all information, waivers, incidents and new upgrades as a co-operative group. This means legal waivers are kept updated and new procedures across the board.
    Marketing Co-op advertising, Ad slicksAll marketing systems included are part of the licensing fee for software costs only. Campaign costs are to be covered by the licensee and can be done by our internal marketing department.
    Operations 75% of all franchisees own more than one unit

    Number of employees needed to run franchised unit: 3 - 12

    Absentee ownership of franchise is NOT allowed. (100% of current franchisees are owner/operators)

    Each business operation is run on its own as its own entity using UWS branding, systems and IP. Once set up the operator keeps all profits and shares in the operating efficiencies and systems offered. Upon application, UWS must be able to see the site to assess before approval. Once the business plans are in place UWS can be contracted to proceed with the applications. Once the approvals are in place the full license agreement can be enacted. Full setup job flows will be supplied at this point to guide us on the opening date.

    Expansion Plans

     
    Wheel Fun Rentals Franchise
    Ultimate Watersports Pty Ltd Franchise
    US Expansion -Yes
    Canada Expansion NoYes
    International Expansion NoYes

    Company Overviews

    About Wheel Fun Rentals

    Brian McInerney founded Wheel Fun Rentals in 1987 in order to bring the four-wheeled Italian surrey cycle to California. The Southern California-based company began franchising in 2000. Wheel Fun Rentals has multiple units in operation and has identified more than 1,000 potential locations nationwide. It offers its franchisees exclusive territories and has co-branding relationships with city and state parks.

    Wheel Fun Rentals offers fun and unique recreation, designed to move you on land and water and help you explore your surroundings, all across the U.S. At Wheel Fun Rentals, "FUN" is our middle name, and we strive for great service and lasting memories with every customer. Enjoy our bike rentals, including specialty cycles, and boat rentals nationwide. Search for us in your neighborhood or while on your next vacation.

    About Ultimate Watersports Pty Ltd

    Ultimate Watersports has the systems in place to include all watersports Activities with full insurance. Our safety management systems and insurance products are licensed and able to be customized to each new location with training provided. Our wholesale suppliers are also shared between us to reduce costs. Ultimate Watersports recommends the best for your location and will tailor the operation to the market.