Volvo Rents

Founded: 1986 Franchising since: 2001

One Volvo Dr. Asheville, North carolina 28803

Phone: (866)387-3687

Franchise Growth

Year	U.S. Franchises	Canadian Franchises	Foreign Franchises	Company Owned
2009	71	7	82	5
2008	69	7	73	4
2007	65	8	66	3
2006	59	4	62	4
2005	57	7	54	0

Where Seeking Franchisees
In the U.S. Alaska, Alabama, Arkansas, Arizona, California, Colorado, Connecticut, Delaware, Florida, Georgia, Hawaii, Iowa, Idaho, Illinois, Indiana, Kansas, Kentucky, Louisiana, Massachusetts, Maryland, Maine, Michigan, Minnesota, Missouri, Mississippi, Montana, Midwest, Nebraska, North carolina, North dakota, Northeast, New hampshire, New jersey, New mexico, Nevada, New york, Ohio, Oklahoma, Oregon, Pennsylvania, Rhode island, South, South carolina, South dakota, Tennessee, Texas, Utah, Virginia, Vermont, West, Washington, Wisconsin, West virginia, Wyoming
Outside the U.S.: Canada

Exclusive territories available.
Territory size: Depends on size of metropolitan statistical area

Total investment: $3.5M-8.2M Franchise fee: $45K

Ongoing royalty fee: 4-3% Term of agreement: 15 years, renewable

Type of Financing Available

	In-House	Third Party
Franchise Fee	No	No
Startup Costs	Yes	No
Equipment	Yes	No
Inventory	Yes	No
Accounts Receivable	No	No
Payroll	No	No

Qualifications
Net worth requirement: $1.5M
Cash liquidity requirement: $750K
Business Experience:

• Industry experience
• General business experience
• Marketing skills

Operations

• Number of employees needed to run franchised unit: 7 - 12
• Absentee ownership of franchise is allowed. (100% of current franchisees are owner/operators)

Training

• Available at headquarters: 2-3 weeks
• At franchisee's location: Varies
• Financial/cash flow training; sales & marketing training

Ongoing Support

• Newsletter
• Meetings
• Toll-free phone line
• Grand opening
• Internet
• Security/safety procedures
• Field operations/evaluations
• Purchasing cooperatives

Marketing Support

• Ad slicks
• National media
• Regional advertising

Franchise 500® rank:
#357 (2008); #354 (2007); #389 (2006); #309 (2005);

Top New Ranking:
#28 (2006); #19 (2005);

America's Top Global Franchises:
#177 (2008); #174 (2007); #193 (2006); #194 (2005);