Benefit Lease a Car is a privately held impartial car rental company, by Denny Hecker Family Ventures. It is headquarter is in San Antonio, Texas. This brand was acquired by Hertz Company in 2009 and now’s operated below the identical name. The aim of this company is to offer leisure, business, authorities and native clients with a broad vary of vehicle-rental services. It gives rental services in additional than 150 US areas and 130 areas in 33 nations internationally 인천공항렌트카.
A small business often known as “Three Ninety-9 Car Leases” opened for serving the big army inhabitants in San Antonio, Texas in 1963. Authorities vacationers have been initially served by this company and there after expanded shortly into leisure and feeder markets over the following 20 yrs. Native retail and airport markets situated all through the Western United States have been lined by its rental services. In 1985, the operation was consolidated below the name of “Benefit Lease a Car”. With the launch of affiliate partnership program, Benefit Company attained a worldwide presence in 2001.
Chapter / Acquisition by Hertz
Benefit filed for Chapter 11 chapter safety in December 2008 and shut down 40% of its US retail areas. On the time of chapter, it is nearly half of the workforce or 440 staff have been laid off. At the moment Benefit was privately held by Denny Hecker, Minnesota auto dealership tycoon.
The Hertz Company bought Benefit’s belongings for $33 million on March 31, 2009. Hertz efficiently outbid Enterprise Lease-a-Car in Minnesota chapter courtroom.
Franchise Value:
Benefit Lease a Car started franchising in 2007. Benefit business franchise is suitable for entrepreneurs who’ve distinctive buyer relating expertise and possess nice curiosity in automobiles.
Complete investment of $157,900 – $8,000,000 is required by the franchisee so as to seize the chance of owing a franchise. The investment could also be fairly costly as a result of a franchisee could be investing in automobiles which might be of fine high quality for his or her clients. Benefit Lease A Car prices their franchisees a Franchise payment of $25,000 – $750,000 and an addition 3% ongoing royalty payment (franchisees will probably be forwarding 3% of their gross sales, much less all of the deductibles). This royalty payment is for the company’s half within the franchisee’s income for utilizing the company’s status, name and system.
It’s an extra benefit for franchisees to have a background within the automotive market. This helps them to point out clients the benefits of their services. If a franchisee possesses good information then it is going to be simple for her or him to draw clients.
That being stated, most individuals aren’t conscious that 80% of ALL franchise endeavors fail within the first two to 5 years leaving giant money owed looming for years thereafter.
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