Hertz Franchise Opportunities
Hertz franchise represents the brand with worldwide recognition. Therefore, Hertz car rental franchise creates good opportunities for fast growth and quick payback. Owning a Hertz franchise means having a constant and consistent assistance of the franchisor in all stages of work. If you are thinking about how to buy a Hertz car rental franchise, have a look at the franchise investment information, fees and requirements. After reading the information, you can configure the Herz franchise profit and cost totals. In case you have any questions, contact us; otherwise, apply for one of Herz franchises offered for sale.
How to open a Hertz franchise?
- Ensure you have adequate capitalization.
In order to open a Hertz car rental franchise, you must have a net worth from $150,000. - Appreciate the investment required for a car rental franchise.
You will need to consider the cost of equipment and signs, the costs of licenses and permits, the cost of uniforms, the cost of insurance, etc. - Evaluate your prior experience and strengths.
You should thoroughly evaluate your prior business experience before applying to become a Hertz franchise owner. - Assess market availability.
You will want to look at the market availability for Hertz franchises and see if there are available markets in your location of interest before proceeding with the franchising application. - Submit your application.
Your application will be reviewed by the Hertz franchise team. You will be emailed a confirmation receipt upon reception of your online application, where we will additionally provide the contact details of the franchise owner. - Receive approval & opening your Hertz franchise.
You will receive franchise approval once your financial and background checks are completed. Approval will only be given to candidates who meet all the requirements of franchise owners.
How much does Hertz franchise cost?
Hertz has the franchise fee of up to $50,000, with total initial investment range of $1,145,000 to $3,017,000.
Initial Investment and Startup Costs
| Name of Fee | Low | High |
|---|---|---|
| Initial License Fee | $25,000 | $55,000 |
| Training Expenses | $3,000 | $3,000 |
| Passenger Cars | $435,000 | $11,700,000 |
| Courtesy Vehicles (per location) | $55,000 | $350,000 |
| Equipment and Supplies | $5,000 | $20,000 |
| Insurance | $40,000 | $400,000 |
| Real Estate and Improvements | Varies | |
| Professional Fees | $3,000 | $10,000 |
| Computer Systems, Hardware and Software | $11,500 | $250,000 |
| Optional Software | $1,500 | $15,000 |
| Business License | $100 | $500 |
| Miscellaneous Installation Fees | $200 | $500 |
| Additional Funds - 3 months | $20,000 | $50,000 |
| ESTIMATED TOTAL (excluding real estate & improvements) | $564,300 | $12,494,000 |
Support Options
On-The-Job Training: 40 hours
Classroom Training: 80 hours
Additional Training: Before and after opening
Number of Employees Required to Run: 30
Hertz Franchise Info: https://www.hertzfranchiseopportunities.com
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- Starting investments from:$1,145,000
- Company type:Service
- Company foundation year:1925
- Year of launching the franchise:1925
- Franchise enterprises:10,200
- Corporate Address:Estero, Florida
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