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Updated RecentlyPayless Car Sales Inc. vs RimTyme Franchise Comparison
Below is an in-depth analysis and side-by-side comparison of Payless Car Sales 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 | $351,700 - $3,100,000 | $321,208 - $684,250 |
| Franchise Fee | $30,000 | $25,000 |
| Royalty Fee | $2500+/mo. | 4% |
| Advertising Fee | - | $250/ mo |
| Year Founded | 2001 | 2005 |
| Year Franchised | 2001 | 2007 |
| Term Of Agreement | 5 years | 5-10 years + 5-10 |
| Term Of Agreement | 5 years | 5-10 years + 5-10 |
| 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 | No/Yes |
| Start-up Costs | No/No | No/Yes |
| Equipment | No/No | No/Yes |
| Inventory | No/No | No/Yes |
| Receivables | No/No | No/No |
| Payroll | No/No | No/No |
Training & Support |
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| Training | * Available at headquarters: 2 days * At franchisee's location: 1-2 weeks | 4 Weeks |
| Support | - | *Central Purchasing *Field Operation Evaluation *Field Training *Initial Store Opening *Inventory Control *Franchisee Newsletter *Regional or National Meetings |
| Marketing | - | *National Advertising *Regional Advertising *Local Advertising *Marketing Materials *Additional Services *Other Marketing Support |
| 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) | Passive Ownership: Discouraged Average Number of Employees: 5 Full-time, 0 Part-time |
Expansion Plans |
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| US Expansion | Yes | Yes |
| Canada Expansion | - | No |
| International Expansion | Yes | Yes |
Company Overviews
About Payless Car Sales Inc.
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.
About RimTyme
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.