|Liquid Capital Required:||$40,000|
|Net Worth Required:||$250,000|
|Total Investment:||$100,000 - $300,000|
|Financing:||Via 3rd party|
|Home Office:||Laurel, MD|
The leading name in neighborhood car rentals, the company utilizes cars that were previously owned in order to keep costs low. This system has been in place for decades and the company is widely recognized as positive national publicity in the USA has kept the business recognized as a leading brand since the early 1970s.
While certain franchises situated near airports do cater to the airport-pickup business, the company is not attached to it, as that industry seems to fluctuate depending on how the travel industry is faring. Rent-A-Wreck has wisely placed its franchises in position to become a neighborhood-friendly car rental option, and as a result, typically leads its competitors in local rental markets.
Values & History
The company started their first Rent-A-Wreck outlet in 1973 and being the first car rental company to utilize used cars in the world, received massive publicity from magazines, newspapers, and TV shows interested in our system. In 1977 due to the massive popularity of the concept, the company opened our doors to the franchise concept.
Today there are Rent-A-Wrecks in 48 states in the USA, as well as franchise outlets in Scandanavia, Sint and Maartin. The brand is gaining popularity globally. While the company utilizes used cars, we do not actually buy "wrecks." In fact, the safety and wellbeing of our customers is one of the primary reasons why we have been in business so long. Our catchy name sparks the imagination of the media and has allowed us to capitalize on great publicity. But our fleets of cars are always in excellent shape for renting.
In the United States performance is tremendous, as the neighborhood car rental industry is extremely strong, and the company has been positioned to dominate market share for decades. 27 years of being the top company in the neighborhood car rental segment is amazing. But that's what happens when you are first and you can generate a loud buzz combined with great customer care and service.
Over the years, we have been slowly but surely expanded outside of the USA, and those franchise units are delivering the same impact in their regions as the ones in America. Our system is strong enough to work wherever people drive. Which is pretty much everywhere.
Purchasing a Rent-A-Wreck Franchise
After a comprehensive training session, we provide all our franchises with our tools of the trade. From administrative operating manuals to our promotional materials and strategies for outdoing your local competition, we have a system in place that has shown incredible results to keep our existing franchises healthy and strong and our new ones get into the profit game quicker than most business enterprises.
When you buy into a name as established as ours, you are putting yourself in a better position than if you opened a business on your own that nobody has ever heard of. You can try to compete against a well-respected and well-loved brand name, but it is hard to steal loyal customers away. So, if you are considering creating a neighborhood rental business, you are far better off investing in a franchise. You'll be surprised how many shortcuts from the usual steps you need to take to grow awareness of your business you'll be able to take and how customers will arrive when a brand they already trust arrives in their area.
Check out these quotes from some of our other franchise owners.
"Rent-A-Wreck has been a supportive franchise system that has helped me grow my business in my local market. I began with one store and 15 cars. Now, I have multiple locations and a fleet of nearly 100 cars. The support team at Rent-A-Wreck has been with me every step of the way. " Dale Miller, Rent-A-Wreck of Columbia, SC
"It's a great business opportunity. I provide my customers with safe, clean transportation at a lower price than the competition and I'm still very profitable." Mel Morris, Rent-A-Wreck of Canton, MI
Ideal Candidate & Qualifications
We look for people who are excited to grow a Rent-A-Wreck and see it through until the operation is large and profitable. These kinds of people come from all walks of life, so we don't heavily judge experience. We know our system along with our brand name has helped newcomers to the car rental business thrive.
But we are looking for outgoing people who aren't afraid to put themselves out there and market the business to their local region in order to ensure that customers are made aware of the Rent-A-Wreck presence in their neighborhood. We also like people who focus on customer service and treat every customer to a smile and deliver everything they promise. Our brand name is on the line and our reputation, now in your hands, means a lot to us.
Training & Support
We start our new franchisees in a classroom environment at the corporate office, teaching you everything you'll need to know about how to properly manage and market a Rent-A-Wreck business. This training lasts 2-3 weeks and afterwards you'll get all the support that we can provide.
We have a popular website that we use to send customers to the appropriate Rent-A-Wreck nearest to them, where people will make reservations. This handy tool allows the corporate office to help all its franchises by providing great customer leads. You'll be informed of any reservations made to your location so you can prepare for your clients.
We also help with promotional and marketing materials, giving you the most avenues possible to advertise and keep the interest of the community high.