U-Save Car & Truck Rental
Click
here to link to U-Save’s detailed company profile
U-Save has been in the rental car business for more than 25 years. With approximately 188 car and truck rental locations and more than 5,000 vehicles, U-Save provides car rental discounts to businesses, individuals and families with fast, friendly, economical service with a personal touch. From neighborhoods or local airports to the nation’s major markets and most popular vacation spots, U-Save Car and Truck Rental maintains both a healthy franchise system and a healthy company.
| |
Operating Units |
12/31/2008 |
12/31/2009 |
12/31/2010 |
|---|
| | Franchised |
167 |
153 |
151 |
| | % Change | -- |
-8.4% |
-1.3% |
| | Company-Owned |
0 |
0 |
0 |
| | % Change | -- |
-- |
-- |
| | Total |
167 |
153 |
151 |
| | % Change | -- |
-8.4% |
-1.3% |
| | Franchised as % of Total |
100.0% |
100.0% |
100.0% |
Investment Required
The initial fee for a U-Save Auto Rental franchise ranges from $10,000 to $250,000.
U-Save Auto Rental provides the following range of investments required to open your initial franchise. The range assumes that all items are paid for in cash. To the extent that you choose to finance any of these expense items, your front-end investment could be substantially reduced.
| |
Item | Established Low Range | Established High Range |
| |
Initial Franchise Fee |
$10,000 |
$250,000 |
|
Opening Inventory |
$20,000 |
$250,000 |
|
Real Estate and Improvements |
$6,000 |
$24,000 |
|
Furniture, Fixtures, Signs and Equipments |
$6,000 |
$17,500 |
|
Computer Hardware and Software, including Training |
$4,000 |
$40,000 |
|
Reservation System |
$4,375 |
$4,375 |
|
Insurance |
$3,360 |
$16,800 |
|
Expenses While Training |
$1,000 |
$3,000 |
|
Marketing and Advertising Expense |
$1,000 |
$5,000 |
|
Additional Funds (3 Months) |
$20,000 |
$75,000 |
| |
Total Initial Investment |
$75,735 |
$685,675 |
Ongoing Expenses
U-Save Auto Rental franchisees pay ongoing royalty fees equal to 6% of gross rental revenue with a $1,000 minimum for an airport market and 3% of the total gross rental revenue with a $500 minimum for a neighborhood market.
What You Get—Training and Support
U-Save Auto Rental assigns new franchisees to a Franchise Service Manager who serves franchisees as their personal business consultants and as a liaison to them and the corporate offices. The FSM guides franchisees though a detailed pre-opening checklist and assists in site selection, fleet planning, personnel and other business related topics.
The Initial Training program is required for all franchisees. It covers everything from business planning to rental procedures. Additionally, franchisees benefit from ongoing assistance with advertising and marketing programs.
Territory
U-Save Auto Rental grants exclusive territories.
Note: The tables and information regarding the number of operating units, investment required, on-going expenses, training and territory grants were taken from the company’s 2011 FDD. The 2011 write-ups will be incorporated into the 2011 Edition of Bond’s Top 100 Franchises publication.
|
