What are the financial requirements for potential Rent-A-Wreck franchisees?
Opening costs vary widely and depend on a variety of factors. Unlike many other Automotive opportunities that require investments in specialized equipment and highly trained technicians, the primary investment in a Rent-A-Wreck franchise is in the fleet of automobiles. A franchise sales manager will discuss initial fleet costs and potential financing options with franchise candidates on an individual basis. Start up costs not related to vehicles are estimated between $10,000-$20,000 and cover assets like furniture, computers, signs, advertising and working capital.
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