Franchise Opportunities Frequently Asked Questions
Here are the most frequently asked questions, categorized by topic.What are the minimum financial requirements?
Due to the capital-intensive nature of this business, Dollar requires a net worth of $500,000 or higher and liquid capital of $150,000 or higher. The actual amounts vary according to the specific location, size of the market, the size of your rental fleet and the number of locations. This sum does not represent the total investment to open and operate the franchise business.How much time do I have to invest in a Dollar franchise?
This is not an absentee business. You must be committed to devote your full-time energies to this venture.
What is the initial investment?
The initial franchise fee is tied to the size and nature of the territory. The total investment varies, depending on market size, fleet requirements and the cost of doing business at or near the airport.How long is the approval process?
Normally, it takes 60 to 90 days to go through the approval process and complete the legal documentation. This process can move quicker if application and all supporting documents are returned in a complete and timely manner.Is there territory protection?
As a franchisee, you are given exclusive rights to operate a Dollar® franchise within your territory during the term of the license agreement.What's the term of the license? Is it renewable?
The term of the license agreement is ten (10) years with an option for a new agreement at the end of the term.What does the monthly royalty provide?
Royalties sustain the value-added benefits of Dollar branding. This includes supporting and promoting the brand name plus providing franchisee support.How do I obtain cars for my rental fleet?
Our franchisees obtain vehicles from a variety of sources including auctions, wholesalers, local dealers, fleet leasing companies and the DTG Fleet Remarketing department.
Am I required to rent only Chrysler vehicles?
No. You may use any make or model of passenger vehicle that is no more than two model years old.What kind of training can I expect?
You will be required to attend a New Car Rental Franchisee Orientation at Dollar's Worldwide Headquarters in Tulsa, OK. Next, a representative from Franchise Operations will complete on-site training at your location around the time that you open for business.
What markets are available?
Franchise opportunities are available in various cities throughout the U.S and abroad. Please call 1-800-800-5252 or click here to see a see a complete list of available markets.