Advantage Rent a Vehicle is really a independently held independent vehicle rental company, by Denny Hecker Family Ventures. It’s headquarter is within Dallas, Texas. This brand was acquired by Hertz Corporation in ’09 and today is operated underneath the same name. The objective of the corporation would be to provide leisure, business, government and native customers having a wide range of car-rental services. It offers rental services in additional than 150 US locations and 130 locations in 33 countries worldwide.
A small company referred to as “Three 90-Nine Vehicle Rentals” opened up for serving the big military population in Dallas, Texas in 1963. Government travelers were initially offered with this company there after expanded rapidly into leisure and feeder markets within the next 20 yrs. Local retail and airport terminal markets located through the Western U . s . States were included in its rental services. In 1985, the operation was consolidated as of “Advantage Rent a Vehicle”. Using the launch of affiliate partnership program, Advantage Company achieved an international presence in 2001.
Personal bankruptcy / Acquisition by Hertz
Advantage declared Chapter 11 personal bankruptcy protection in December 2008 and shut lower 40% of their US retail locations. During the time of personal bankruptcy, it’s nearly half from the workforce or 440 workers were let go. In those days Advantage was independently held by Denny Hecker, Minnesota auto dealership magnate.
The Hertz Corporation purchased Advantage’s assets for $33 million on March 31, 2009. Hertz effectively outbid Enterprise Rent-a-Vehicle in Minnesota personal bankruptcy court.
Franchise Cost:
Advantage Rent a Vehicle started franchising in 2007. Advantage business franchise is suitable for entrepreneurs who’ve exceptional customer relating skills and have curiousity about vehicles.
Total investment of $157,900 – $8,000,000 is needed through the franchisee to be able to carry the chance of owing a franchise. An investment might be quite costly just because a franchisee could be purchasing vehicles which are of excellent quality for his or her customers. Advantage Rent A Vehicle charges their franchisees a Franchise fee of $25,000 – $750,000 as well as an addition 3% ongoing royalty fee (franchisees is going to be forwarding 3% of the sales, less all of the deductibles). This royalty fee is perfect for the business’s part within the franchisee’s profits for implementing the business’s status, name and system.