Start-Up Costs and Fees |
||
| Rent-A-Wreck | RimTyme | |
| Investment | 36600 - 211000 | 321208 - 684250 |
| Franchise Fee | 0 | |
| Royalty Fee | $30/car/mo. | 4% |
| Advertising Fee | $250/ mo | |
| Year Founded | 1970 | 2005 |
| Year Franchised | 1977 | 2007 |
| Term Of Agreement | ||
| Term Of Agreement | ||
| Renewal Fee | ||
Business Experience Requirements |
||
| Rent-A-Wreck | RimTyme | |
| Experience | ||
Financing Options |
||
| Rent-A-Wreck | RimTyme | |
| Franchise Fees | Yes | No |
| Start-up Costs | No | No |
| Equipment | No | No |
| Inventory | No | No |
| Receivables | No | No |
| Payroll | No | No |
Training & Support |
||
| Rent-A-Wreck | RimTyme | |
| 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. | 4 Weeks |
| Support | Newsletter, Meetings, Toll-free phone line, Grand opening, Internet, Security/safety procedures, Field operations/evaluations, Purchasing cooperatives | *Central Purchasing *Field Operation Evaluation *Field Training *Initial Store Opening *Inventory Control *Franchisee Newsletter *Regional or National Meetings |
| Marketing | Co-op advertising, Ad slicks, National media, Regional advertising | *National Advertising *Regional Advertising *Local Advertising *Marketing Materials *Additional Services *Other Marketing Support |
| 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) | Passive Ownership: Discouraged Average Number of Employees: 5 Full-time, 0 Part-time |
Expansion Plans |
||
| Rent-A-Wreck | RimTyme | |
| US Expansion | Nationwide, Alabama, Alaska, Arizona, Arkansas, California, Colorado, Connecticut, Delaware, District of Columbia, Florida, Georgia, Guam, Hawaii, Idaho, Illinois, Indiana, Iowa, Kansas, Kentucky, Louisiana, Maine, Maryland, Massachusetts, Michigan, Minnesota, Mississippi, Missouri, Montana, Nebraska, Nevada, New Hampshire, New Jersey, New Mexico, New York, North Carolina, North Dakota, Ohio, Oklahoma, Oregon, Pennsylvania, Puerto Rico, Rhode Island, South Carolina, South Dakota, Tennessee, Texas, Utah, Vermont, Virginia, Washington, West Virginia, Wisconsin, Wyoming | |
| Canada Expansion | ||
| International Expansion |
Start-Up Costs and Fees Mobile |
|
| Investment | |
| Rent-A-Wreck | |
| RimTyme | |
| Franchise Fee | |
| Rent-A-Wreck | |
| RimTyme | |
| Royalty Fee | |
| Rent-A-Wreck | $30/car/mo. |
| RimTyme | 4% |
| Advertising Fee | |
| Rent-A-Wreck | |
| RimTyme | $250/ mo |
| Year Founded | |
| Rent-A-Wreck | 1970 |
| RimTyme | 2005 |
| Year Franchised | |
| Rent-A-Wreck | 1977 |
| RimTyme | 2007 |
| Term Of Agreement | |
| Rent-A-Wreck | 10 years |
| RimTyme | 5-10 years + 5-10 |
| Renewal Fee | |
| Rent-A-Wreck | |
| RimTyme | |
Business Experience Requirements |
|
| Experience | |
| Rent-A-Wreck | |
| RimTyme | |
Financing Options |
|
| Franchise Fees | |
| Rent-A-Wreck | Yes |
| RimTyme | Yes |
| Start-up Costs | |
| Rent-A-Wreck | |
| RimTyme | |
| Equipment | |
| Rent-A-Wreck} | |
| RimTyme | |
| Inventory | |
| Rent-A-Wreck | |
| RimTyme | |
| Receivables | |
| Rent-A-Wreck | |
| RimTyme | |
| Payroll | |
| Rent-A-Wreck | |
| RimTyme | |
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. |
| RimTyme | 4 Weeks |
| Support | |
| Rent-A-Wreck | Newsletter, Meetings, Toll-free phone line, Grand opening, Internet, Security/safety procedures, Field operations/evaluations, Purchasing cooperatives |
| RimTyme | *Central Purchasing *Field Operation Evaluation *Field Training *Initial Store Opening *Inventory Control *Franchisee Newsletter *Regional or National Meetings |
| Marketing | |
| Rent-A-Wreck | Co-op advertising, Ad slicks, National media, Regional advertising |
| RimTyme | *National Advertising *Regional Advertising *Local Advertising *Marketing Materials *Additional Services *Other Marketing Support |
| 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) |
| RimTyme | Passive Ownership: Discouraged Average Number of Employees: 5 Full-time, 0 Part-time |
Expansion Plans |
|
| US Expansion | |
| Rent-A-Wreck | |
| RimTyme | Nationwide, Alabama, Alaska, Arizona, Arkansas, California, Colorado, Connecticut, Delaware, District of Columbia, Florida, Georgia, Guam, Hawaii, Idaho, Illinois, Indiana, Iowa, Kansas, Kentucky, Louisiana, Maine, Maryland, Massachusetts, Michigan, Minnesota, Mississippi, Missouri, Montana, Nebraska, Nevada, New Hampshire, New Jersey, New Mexico, New York, North Carolina, North Dakota, Ohio, Oklahoma, Oregon, Pennsylvania, Puerto Rico, Rhode Island, South Carolina, South Dakota, Tennessee, Texas, Utah, Vermont, Virginia, Washington, West Virginia, Wisconsin, Wyoming |
| Canada Expansion | |
| Rent-A-Wreck | |
| RimTyme | |
| International Expansion | |
| Rent-A-Wreck | |
| RimTyme | |