Thrifty Car Rental
Yes, we actively support the inclusion and development of minority-owned franchises in the Thrifty Car Rental system.
Thrifty Car Rental
5310 E. 31st St.
Tulsa, OK 74135
800#: (800) 532-3401
Tel: (918) 669-2219
Fax: (918) 669-2061
E-mail: franchisesales@thrifty.com
Web Site: www.thrifty.com
Contact: Mr. Trey Russell, Director
THRIFTY operates in over 57 countries and territories, with over 1,000 locations throughout North and South America, Europe, the Middle East, Caribbean, Asia and the Pacific, and is one of the fastest-growing car rental company in Canada and Australia. THRIFTY has a significant presence both in the airport and local car rental markets. Approximately 66% of its business is in the airport market, 34% in the local market.
Franchisor Background
Established: 1958
First Franchise: 1962
Franchise Units: 849
Company-Owned Units: 151
Total Units: 1000
Distribution:
> North America -- Operations in 46 States,10 Provinces
> States/Provinces with Greatest Density: 59 in ON, 37 in FL, 34 in CA
Units Owned by Minorities:
>African-American: 2
>Hispanic: 9
>Asian-American: 1
>Native American: 0
>Other: 68 Women, 5 East Indian
Average Number of Employees: 4-6 FT (FT = Full Time, PT = Part Time)
Space Needs: Varies SF; FS, SF, SC, RM
(for abbreviations click here)
Financial Requirements
Cash Investment: $150K
Total Investment: $200-250K
Average Total Investment: $225K
Minimum Net Worth: $500K
Fees
>Franchise: $Varies
>Average Franchise Fee: $-1K
>Royalty: 3%
>Advertising: 2.5-5%
Provide Earning Claim Statement: No
Terms of Contract
Term of Contract (Years): 10/5
Passive Ownership: Not Allowed
Area Development Agreements:No
Sub-Franchising Contracts: No
Expand In Territory:Yes
Franchisor Support and Training Provided
Site Selection Assistance:No
Lease Negotiation Assistance: Yes
Cooperative Advertising: Yes
Franchisee Assoc. / Member: No
Size Of Corporate Staff: 1,000
On-Going Support: A,B,C,D,E,F,G,H,I (for an explanation click here)
Training: 5 Days + Mentor Program at Headquarters in Tulsa, OK.
Specific Minority Program(s) in Place: Minority Franchise Development Program: Reduced net worth level from standard minimums maintained in the first year of operation; guaranteed access to an additional source of working capital with reduced repayment requirements; reduction in franchise fee; operating credit for automation or imaging included in the reduced franchise fee structure.
Franchisor's Specific Expansion Plans
U.S.: Selected Markets Remaining
Note: NR = No Response by Franchisor.
For a sample questionnaire click here.
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