Rent-A-Wreck Franchise

Auto rentals & leasing

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Rent-A-Wreck is the Smart AlternativeTM to all your car rental needs. Founded in 1968 and franchising since 1973, we are one of the best-known neighborhood car rental companies in the U.S. and global market. 'Do you really rent wrecks?' After being in business for many years with one of the most unique and memorable corporate names, we still get calls from people every day asking this question. Rest assured, our vehicles are more like the cars you drive everyday. We keep our fleet of cars, trucks, and vans clean and well maintained; they are far from wrecks! We hope that our funny name helps you to remember us, and our low cost rentals and high quality customer service will earn and keep your business. Whether you need a rental vehicle for business, pleasure or something in between, Rent-a-Wreck is here for all your driving needs. Many of our locations stock economy cars and full size luxury sedans; and they also offer pickup trucks, box trucks, min-vans, cargo vans, 15-passenger vans, SUVs, and station wagons for rent as well! Try any of our locations across the United States and internationally in Norway, Sweden and Denmark. Rent-A-Wreck has franchise opportunities available in the United States and internationally.

ABC INC

ABC-CO - NASDAQ

$129.55 USD
+0.25 (+0.20%)
$129.55
$129.55


It's time to give yourself permission to build your days around what's important to you! You're in Control!
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Please Note: The operators of Rent-A-Wreck, may not have verified the accuracy of the Franchise information contained within this website. For accurate up-to-date information, investors are strongly recommended to visit the official Rent-A-Wreck website.

How much does it cost to open a Rent-A-Wreck Franchise ?

The investment required to open a Rent-A-Wreck Franchise is between $36,600 - $211,000 . There is an initial franchise fee of $18,000 -$75,000 which grants you the license to run a business under the Rent-A-Wreck name.

Individual Franchise Costs

  • Initial Investment:
    $36,600 -
  • Initial Franchise Fee:
    $18,000 - $75,000
  • Royalty Fee:
    $30/car/mo.
  • Term of Agreement:
    10 years

Expense In-House Third Party
Franchise Fee Yes No
Startup Costs No Yes
Equipment No Yes
Inventory No Yes
Accounts Receivable No No
Payroll No No

Third Party Financing Source(s):
AFC, Manheim Auto Financing

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.

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

Rent-A-Wreck Growth History

When did the first Rent-A-Wreck open? 1970
When did Rent-A-Wreck start Franchising ? 1977

Year U.S.A. Canada International Corporate
2005 302 0 0 0
2004 350 0 26 0
2003 398 0 24 0
2002 417 0 22 0
2001 491 0 26 0

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)


How much does a Rent-A-Wreck Franchise owner make?

Your income potential as a Rent-A-Wreck Franchise entrepreneur depends vastly on many factors. As an entrepreneur, the goals to achieve are related to expanding sales while lowering your oper_ation costs and increasing the quality of your products and or services. Each month your oper_ating costs can include royalty fees, mortgage / rent, supplies for products, staffing, utilities, bookwork, stationary and other items. From one month to the ext, you _may find your costs fluctuate, but your up-front costs are, for the most part, fixed and they will cover most of the initial setup of equipment, signage and renovations.

Initial Investment
$18,000 - $211,000
Initial Franchise Fee
$18,000 - $75,000
Royalty Fee
$30/car/mo.
Term of Agreement
10 years
Latest News
Rent-a-wreck Of Oneonta Celebrates Twenty Year Anniversary
Laurel, Md
2006-12-19
Rent-a-wreck Of Havre Celebrates Twenty Fifth Year Anniversary
Havre
2006-12-13
Rent-a-wreck Of America Releases Statement On Rent-a-wreck Of Canada

2006-10-30
Rent-a-wreck Of Philadelphia Celebrates Ten Year Anniversary
Philadelphia
2006-09-01
Rent-a-wreck Celebrates Five Years In New Iberia
New Iberia
2006-06-16
Rockville Manager Takes Unique Path To Ownership

2006-06-16
Rent-a-wreck Licensee Of The Year
Hattiesburg And Gulfport, Miss.
2006-06-09
Rent-a-wreck Of Commerce Celebrates Five Year Anniversary
Commerce
2006-03-03
Local Business Owner Celebrates Fifteen Years With Rent-a-wreck
East Haven
2006-02-26
Local Business Owner Celebrates Fifteen Years With Rent-a-wreck
East Haven
2006-02-26
Rent-a-wreck Announces Completed Merger

2006-01-27
Rent-a-wreck Of America, Inc. Plans To Merge With San Diego Car Rentals, Inc.
Owings Mills, Md
2005-10-11
Rent-a-wreck Reports Internet Reservations And Call Volume Increases For Summer 2005
Owings Mills, Md
2005-08-30
Rent-a-wreck Opens In Reykjav k, Iceland
Owings Mills, Md
2005-07-28
Rent-a-wreck Of Lebanon Celebrates Twenty Five Year Anniversary
Lebanon
2005-03-20 View All
Rent-A-Wreck Franchise Opportunity viewed times by investors.
 

Legal Disclaimer: This information is not a franchise offering for Rent-A-Wreck and should not be construed as such. The Franchise Mall makes every effort to maintain accurate franchise data but does not guarantee nor assume liability for incorrect data. We recomend that anyone seriously interested in pursuing an Rent-A-Wreck franchise opportunity, review that franchise's Franchise Disclosure Document (FDD) with an attorney and accountant.