Start-Up Costs and Fees |
||
| Rent-A-Wreck | Automatic Car Credit | |
| Investment | 36600 - 211000 | 250000 - 416700 |
| Franchise Fee | 0 | |
| Royalty Fee | $30/car/mo. | $125/vehicle |
| Advertising Fee | $500-1,000/Mo. | |
| Year Founded | 1970 | 0 |
| Year Franchised | 1977 | 0 |
| Term Of Agreement | ||
| Term Of Agreement | ||
| Renewal Fee | ||
Business Experience Requirements |
||
| Rent-A-Wreck | Automatic Car Credit | |
| Experience | Do I need to have auto industry experience to purchase a franchise? We recommend that you do. However, an individual that demonstrates great people skills, business sense, is driven, and can motivate others can probably hire individuals with the necessary experience. | |
Financing Options |
||
| Rent-A-Wreck | Automatic Car Credit | |
| Franchise Fees | Yes | |
| Start-up Costs | No | |
| Equipment | No | |
| Inventory | No | |
| Receivables | No | |
| Payroll | No | |
Training & Support |
||
| Rent-A-Wreck | Automatic Car Credit | |
| Training | Rent-A-Wreck has a comprehensive five-day initial training seminar that covers all the information you need to open a successful Rent-A-Wreck business. In addition, we also provide opportunities for you to continually expand your knowledge with resources such as our webinars, quarterly newsletters, and regional and national franchisee meetings. | Ready to learn more about auto financing, inventory control, and marketing than you ever dreamed? Automatic Car Credit has a rigorous training program ready for you. It covers every area essential to running your franchise. And ongoing training will be available on an as-needed basis. |
| Support | Newsletter, Meetings, Toll-free phone line, Grand opening, Internet, Security/safety procedures, Field operations/evaluations, Purchasing cooperatives | |
| Marketing | Co-op advertising, Ad slicks, National media, Regional advertising | TV and radio commercials that are clear and compelling, making Automatic Car Credit stand out from the competition. The Web site is another excellent marketing tool. There is no question: your marketing message will be loud, clear, and highly professional! |
| Operations | International franchisees required to buy multiple units/master licenses; 30% of all franchisees own more than one unit Number of employees needed to run franchised unit: 2 Absentee ownership of franchise is allowed. (70% of current franchisees are owner/operators) | |
Expansion Plans |
||
| Rent-A-Wreck | Automatic Car Credit | |
| US Expansion | Alabama, Arizona, Arkansas, Colorado, Delaware, Georgia, Idaho, Iowa, Kansas, Kentucky, Louisiana, Massachusetts, Mississippi, Missouri, Montana, Nebraska, Nevada, New Hampshire, New Jersey, New Mexico, North Carolina, Ohio, Oklahoma, Oregon, Pennsylvania, South Carolina, Tennessee, Texas, Utah, Vermont, West Virginia, Wyoming | |
| Canada Expansion | ||
| International Expansion |
Start-Up Costs and Fees Mobile |
|
| Investment | |
| Rent-A-Wreck | |
| Automatic Car Credit | |
| Franchise Fee | |
| Rent-A-Wreck | |
| Automatic Car Credit | |
| Royalty Fee | |
| Rent-A-Wreck | $30/car/mo. |
| Automatic Car Credit | $125/vehicle |
| Advertising Fee | |
| Rent-A-Wreck | |
| Automatic Car Credit | $500-1,000/Mo. |
| Year Founded | |
| Rent-A-Wreck | 1970 |
| Automatic Car Credit | 0 |
| Year Franchised | |
| Rent-A-Wreck | 1977 |
| Automatic Car Credit | 0 |
| Term Of Agreement | |
| Rent-A-Wreck | 10 years |
| Automatic Car Credit | |
| Renewal Fee | |
| Rent-A-Wreck | |
| Automatic Car Credit | |
Business Experience Requirements |
|
| Experience | |
| Rent-A-Wreck | |
| Automatic Car Credit | Do I need to have auto industry experience to purchase a franchise? We recommend that you do. However, an individual that demonstrates great people skills, business sense, is driven, and can motivate others can probably hire individuals with the necessary experience. |
Financing Options |
|
| Franchise Fees | |
| Rent-A-Wreck | Yes |
| Automatic Car Credit | Yes |
| Start-up Costs | |
| Rent-A-Wreck | |
| Automatic Car Credit | |
| Equipment | |
| Rent-A-Wreck} | |
| Automatic Car Credit | |
| Inventory | |
| Rent-A-Wreck | |
| Automatic Car Credit | |
| Receivables | |
| Rent-A-Wreck | |
| Automatic Car Credit | |
| Payroll | |
| Rent-A-Wreck | |
| Automatic Car Credit | |
Training & Support |
|
| Training | |
| Rent-A-Wreck | Rent-A-Wreck has a comprehensive five-day initial training seminar that covers all the information you need to open a successful Rent-A-Wreck business. In addition, we also provide opportunities for you to continually expand your knowledge with resources such as our webinars, quarterly newsletters, and regional and national franchisee meetings. |
| Automatic Car Credit | Ready to learn more about auto financing, inventory control, and marketing than you ever dreamed? Automatic Car Credit has a rigorous training program ready for you. It covers every area essential to running your franchise. And ongoing training will be available on an as-needed basis. |
| Support | |
| Rent-A-Wreck | Newsletter, Meetings, Toll-free phone line, Grand opening, Internet, Security/safety procedures, Field operations/evaluations, Purchasing cooperatives |
| Automatic Car Credit | |
| Marketing | |
| Rent-A-Wreck | Co-op advertising, Ad slicks, National media, Regional advertising |
| Automatic Car Credit | TV and radio commercials that are clear and compelling, making Automatic Car Credit stand out from the competition. The Web site is another excellent marketing tool. There is no question: your marketing message will be loud, clear, and highly professional! |
| Operations | |
| Rent-A-Wreck | International franchisees required to buy multiple units/master licenses; 30% of all franchisees own more than one unit Number of employees needed to run franchised unit: 2 Absentee ownership of franchise is allowed. (70% of current franchisees are owner/operators) |
| Automatic Car Credit | |
Expansion Plans |
|
| US Expansion | |
| Rent-A-Wreck | |
| Automatic Car Credit | Alabama, Arizona, Arkansas, Colorado, Delaware, Georgia, Idaho, Iowa, Kansas, Kentucky, Louisiana, Massachusetts, Mississippi, Missouri, Montana, Nebraska, Nevada, New Hampshire, New Jersey, New Mexico, North Carolina, Ohio, Oklahoma, Oregon, Pennsylvania, South Carolina, Tennessee, Texas, Utah, Vermont, West Virginia, Wyoming |
| Canada Expansion | |
| Rent-A-Wreck | |
| Automatic Car Credit | |
| International Expansion | |
| Rent-A-Wreck | |
| Automatic Car Credit | |