FRANCHISE • AFFILIATE • TECHNOLOGY
Plan the investment.
Build a viable business.
Plan franchise fees, fleet, premises, insurance, working capital and ongoing costs before starting a vehicle rental business.
The franchise fee is only part of the cost
A realistic plan separates franchise or licence charges from the capital needed to operate. Fleet sourcing, insurance, premises, branding, staffing and working capital can be larger commitments than the joining fee.
Request a proposal for your location and operating model. TL International commercial terms are provided during discussions, rather than presenting one headline figure as the total cost of starting a rental business.
Build your investment plan
Budget separately for joining and setup fees; vehicle purchases, lease commitments or finance; rental insurance; premises and parking; signage and uniforms; recruitment and training; and a cash reserve for quieter periods.
Include recurring management, software or distribution charges under the agreement, along with commissions, payment costs, vehicle maintenance and annual conference attendance. Ask which figures include tax and which costs sit outside the franchise proposal.
Questions to ask before signing
Is a fleet included in the fee?
Do not assume that it is. Confirm vehicle sourcing and responsibility in your proposal.
How much working capital should I hold?
Build a forecast using your planned fleet, occupancy, seasonality, costs and payment timings. The appropriate reserve depends on your operation.
Can you guarantee my return on investment?
No. Rental demand, pricing, costs, service and competition affect results. Use your own financial projections and professional advice.
Tell us about your business.
Share your proposed location, fleet and plans.