Last Updated on August 1, 2012 by DeanR
Payless Car Rental System Franchise Information
Payless Car Rental System is a franchise for auto rentals and sales. It was established in 1971 and started franchising that same year.
It was founded by Les Netterstorm and his wife. They opened their first location in Spokane, Washington. In 1982, they already grew to having 100 locations. In 1983, they had 150 locations and that was when they changed their name to Payless Car Rental Systems Inc. They acquired a part of Canadian in 1987 and on that same year, they were able to build the computer automated central reservations.
It was in 1994 they rolled out Championship Club program as a marketing strategy. In 2004, they formed a partnership with Network Car and Truck Rentals that helps them cover Australian States. Their current president is Richard Stevens. They are affiliated with other travel websites such as Travelocity.com, Expedia.com, Priceline.com, Orbitz.com, Kayak.com, WorldChoiceTravel.com, Expedia.ca, CarRentals.com, CheapTickets.com, and CarRentalExpress.com.
What cars do they rent out at Payless Car Rental System?
For Economy Cars, they have the Yaris that carries three people and three bags. For Compact Cars, they have the Ford Fiesta that carries four people, two bags, and one luggage bag. For Intermediate, they have the Nissan Sentra that can carry five people, two bags, and one luggage bag. For Standard, they have the Ford Fusion which can carry five people, one bag, and two luggage bags. For Full Size, they have the Hyundai Sonata which can carry five people, three bags, and two luggage bags.
For Premium, they have the Hyundai Azera which can carry five people and three luggage bags. For Luxury, they have the Chrysler 300 that can carry five people and four luggage bags. For Van, they have the Kia Sedona that can carry seven people and luggage bags. For Sport Utility, they have the Ford Explorer that can carry five people, two bags, and two luggage bags. For Convertible, they have the Chrysler 200 that can carry four people and two bags. These are only examples of what are usually available in their locations in the United States.
Cost and requirements on running a Payless Car Rental System franchise
You need to have a net worth of $500,000 and a total liquid asset of at least $100,000 to 300,000. Expect to be investing about $252,000 to $6,500,000. The cost of Payless Car Rental System franchise fee is $20,000 to $500,000 with an on-going royalty fee of 4% to 5%. This is for a renewable five year term agreement. You will need about four to 10 employees to run one location. They allow multi-unit ownership and absentee ownership.
What is included in the franchise package?
There will be three days training at the headquarters, three days at your location, and on-going training as needed. You will be receiving newsletters and a toll free phone number. You will be provided assistance at the grand opening. You will be given access to the internet and to purchasing cooperatives. Expect to be attending meetings and receiving occasional field evaluations. For marketing support, there will be national media and internet marketing.
Payless Car Rental System Contact Details
You may reach them at:
Address: 2350-N 34th St. North, Suite 140 St Petersburg, Florida 33713
Phone: (727) 321-6352