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Below is an in-depth analysis and side-by-side comparison of Affordable Car Rental vs Payless Car Sales Inc. including start-up costs and fees, business experience requirements, training & support and financing options.
Start-Up Costs and Fees |
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Investment | $25,000 - $30,000 | $351,700 - $3,100,000 |
Franchise Fee | $4,000 - $7,000 | $30,000 |
Royalty Fee | - | $2500+/mo. |
Advertising Fee | - | - |
Year Founded | - | 2001 |
Year Franchised | - | 2001 |
Term Of Agreement | - | 5 years |
Term Of Agreement | - | 5 years |
Renewal Fee | - | $1000 for 5 years |
Business Experience Requirements |
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Experience | - | - |
Financing Options |
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In-House/3rd Party | In-House/3rd Party | |
Franchise Fees | -/- | No/No |
Start-up Costs | -/- | No/No |
Equipment | -/- | No/No |
Inventory | -/- | No/No |
Receivables | -/- | No/No |
Payroll | -/- | No/No |
Training & Support |
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Training | - | * Available at headquarters: 2 days * At franchisee's location: 1-2 weeks |
Support | - | - |
Marketing | - | - |
Operations | - | * 12% of all franchisees own more than one unit * Number of employees needed to run franchised unit: 8 - 10 * Absentee ownership of franchise is allowed. (90% of current franchisees are owner/operators) |
Expansion Plans |
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US Expansion | - | Yes |
Canada Expansion | - | - |
International Expansion | - | Yes |
Payless Car Sales is a franchise system specifically designed to provide qualified independent used car dealerships with the opportunity to affiliate with a recognized global brand. Our primary objective is to build the largest and most trusted quality pre-owned vehicle sales franchise system in the United States and beyond.