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Payless Car Rental is a privately held franchise system under the banner of the Avalon Global Group of companies. The system provides discount car rental services for business, leisure and government travel customers. Founded in 1971, Payless began as a small, hometown operation in Spokane Washington. Over time the company has grown to span more than 100 locations in 20 countries. Payless Car Rental is headquartered in St. Petersburg, FL. The franchise is part of the Payless group of companies, which includes Payless Parking and Payless Car Sales.
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Liquid capital required
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$300,000
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Net worth required
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$500,000
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Investment
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$260,000 - $6,500,000
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Franchise fee
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$20,000
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Units in operation
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108
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The capital required to open a unit is $300,000. The franchise expects its new franchisees to have a net worth of at least $500,000. $260,000 is the minimum that Payless Car Rental System expects its owners will need to invest in a new location. The most you would expect to invest in a Payless Car Rental System location is $6,500,000. New franchisees pay Payless Car Rental System a franchise fee of $20,000. In total, there are 108 units of this franchise open today.
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