How to Start Rent-A-Wreck Franchise
Gaining popularity through years, Rent-A-Wreck has been the pioneer and a respected name in the car rental business.
They have an established franchising system which provides adequate support for starters and create a proactive team through their Franchise Advisory Council that aims to monitor the franchisees performance and enables the company's feedback system.
Starting a Rent-A-Wreck franchise entails both responsibilities and great opportunities. Responsibility for Rent-A-Wreck is a pioneering brand since 1973 and one of the recognized names in the industry. The responsibilities rest on maintaining the quality of the service of the franchise and on helping boost the performance of the Rent-A-Wreck business. On the one hand, franchising Rent-A-Wreck is an opportunity for beside the fact that their name is known in the industry, Rent-A-Wreck has an established franchising system to guarantee the success of its franchisees.
Qualification for franchising Rent-A-Wreck is a $36,600 to $211,000 of total assets and $8,000 to $26,000 franchise fee. The term of agreement is a 10 years renewable contract. In starting Rent-A-Wreck franchise, the first thing to consider is the financing. Capitalization is very important. The company will first study your ability to finance the franchise sufficiently. If not, however, there are source of finances to turn to.
Next thing to consider are the possible benefits of franchising the business. With Rent-A-Wreck, what is for sure are the benefits of national advertising and strong media relationship, effective public relations and promotions, website popularity, training through classroom instruction and on-site training for all employees and the owner as well. More so, training and support is made available through newsletters, webinars, company internet and networking events like state, regional and national meetings.
The company also makes sure that they are giving proper training on matters such as closing a sales deal clean, dealing with different types of customers, publicizing the franchises, raising the level of market awareness, and the teaching the technicalities on getting started with the business operations.
Further, Rent-A-Wreck provides tested telephone and counter techniques. They also extend administrative and promotional materials, and maintenance procedures to franchisees. The company also had the bookkeeping system and feedback system.
Rent-A-Wreck also has the Franchise Advisory Council as part of their franchising system. The council is concerned with reviewing matters with impacts to the over all performance of the company. Franchisees fuel the feedback system. It functions like a consultative board evaluating the company and arriving at a collaborative decision for the company. On the whole, Rent-A-Wreck’s Franchise Advisory Council is all about making sure of the company’s success in all its aspects. They serve as part of the backbone of the company.
Rent-A-Wreck is the first to specialize in neighborhood car rental and now has over 300 neighborhood locations all over the country.
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