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Payless Car Rental System

Franchise

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.

Facts & Figures

Liquid capital required
$300,000
Net worth required
$500,000
Investment
$260,000 - $6,500,000
Franchise fee
$20,000
Units in operation
108

Overview

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. The minimum you would expect to invest in a Payless Car Rental System location is $260,000. $6,500,000 is the most that Payless Car Rental System expects its owners will need to invest in a new location. New franchisees can expect to pay a $20,000 franchise fee for the rights to open their own location. Today, the location count for this franchise has reached 108.

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