Last Updated on August 1, 2012 by DeanR
Payless Car Sales Franchise Information
Payless Car Sales is a franchise for a business that sells used cars. It was created in 2001 and started franchising that same year.
Payless Car Sales is an owned subsidiary of the Avalon Global Group of companies. Their headquarters is based in St. Petersburg, Florida. What they are is a group of automotive retailers who are focused on making it a worry-free experience to buy a pre-owned vehicle. They say that they want to be able to provide the best used vehicles, services, and financial products. They now have 52 locations in the United States which are located in Arizona, South Carolina, Texas, Florida, and New Jersey.
What cars do they sell at Payless Car Sales?
They have two door cars, two door sub-compact passenger, four door, four door sub-compact passenger car, minivan, truck, wagon, two door compact passenger car, two wheel drive minivans, two wheel drive sport utility vehicles, four door compact passenger car, four wheel drive sport utility vehicles, cargo vans, small wagon, two-seater passenger, two door mid-size passenger car, two door mini compact passenger car, two wheel drive small pick-up trucks, two wheel drive standard pick-up trucks, four door large passenger car, four door mid-size passenger car, four wheel drive standard pick-up trucks, convertible, SUV, and vans. Some of the brands they carry include Acura, Chevrolet, Ford, Hummer, Jeep, Lincoln, Mercury, Nissan, Saturn, Suzuki, Volvo, Buick, Chrysler, GMC, Hyundai, Kia, Mazda, Mini, Pontiac, Smart, Toyota, Cadillac, Dodge, Honda, Infiniti, Lexus, Mercedes-Benz, Mitsubishi, Porsche, Subaru, and Volkswagen.
What other services do they provide at Payless Car Sales?
They have Payless Assurance. Every vehicle they sell undergoes a 125-point inspection and a process that reconditions the vehicle. They provide the results of this test to the customer. This is how they assure that the vehicle that the customer is buying is at its best condition when purchased. They have Financing. They have partnerships with different financial institutions to be able to make the terms easy on the customer’s credit. They have offer Trade-Ins. This makes it even easier for the customer to pay for a vehicle that they want. They also have Vehicle Protection Plans.
Cost and requirements on running a Payless Car Sales franchise
You need to have a net worth of $500,000 and a total liquid asset of at least $160,000. Expect to be investing about $351,000 to $3,100,000. The cost of Payless Car Sales franchise fee is $30,000 with an on-going royalty fee of more than $2,500 per month. This is for a renewable five year term agreement. You will need about eight 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 two days training at the headquarters and one to two weeks training at your location. 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 to check on your progress.
Payless Car Sales Contact Details
Address: 2350-N 34th Street North, Suite 150 St. Petersburg, FL 33713
Phone: (800) 729-5898