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Wheel Fun Rentals

Recreational rentals

Background

Founded: 1987 Franchising since: 2000
Brian McInerney founded Wheel Fun Rentals in 1987 in order to bring the four-wheeled Italian surrey cycle to California. The Southern California-based company began franchising in 2000. Wheel Fun Rentals has multiple units in operation and has identified more than 1,000 potential locations nationwide. It offers its franchisees exclusive territories and has co-branding relationships with city and state parks.
4526 Telephone Rd., #202
Ventura, California 93003
Phone:
(805)650-7770

Franchisee Association
Wheel Fun Rentals Owners Association

Franchisor is a privately-held company with 8 employee(s); 4 employee(s) in franchise department.

Franchise Growth
Year U.S. Franchises Canadian Franchises Foreign Franchises Company Owned
2009 84 0 0 9
2008 77 0 0 8
2007 66 0 0 11
2006 58 0 0 11
2005 56 0 0 11

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, Nebraska, North carolina, North dakota, New hampshire, New jersey, New mexico, Nevada, New york, Ohio, Oklahoma, Oregon, Pennsylvania, Rhode island, South carolina, South dakota, Tennessee, Texas, Utah, Virginia, Vermont, Washington, Wisconsin, West virginia, Wyoming
Worldwide

Exclusive territories available.
Territory size: $400K in revenue

Costs and Fees

Total investment: $85K-259K
Franchise fee: $29K
Ongoing royalty fee: 6%
Term of agreement: 10 years, renewable
Express/kiosk option available

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

Qualifications
Net worth requirement: $250K
Cash liquidity requirement: $75K
Business Experience:
  • General business experience

Operations
  • 75% of all franchisees own more than one unit
  • Number of employees needed to run franchised unit: 3 - 12
  • Absentee ownership of franchise is NOT allowed. (100% of current franchisees are owner/operators)

Training and Support

Training
  • Available at headquarters: 7 days
  • At franchisee's location: Varies
  • Ongoing as needed

Ongoing Support
  • Newsletter
  • Meetings
  • Toll-free phone line
  • Grand opening
  • Internet
  • Field operations/evaluations

Marketing Support
  • Co-op advertising
  • Ad slicks

Rankings

Franchise 500® rank:
#294 (2009); #372 (2008); #357 (2007); #282 (2006); #238 (2005);

Ranked #1 in category in:
2009; 2008; 2007;

Top New Ranking:
#13 (2005);


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