Car Rental Franchises for Sale in the UK

17/03/2019 13:00 | Start a business

car rental franchise

The car rental and leasing industry has grown immensely over the past five years. Car rental firms help keep us on the road when our own vehicles are unavailable, when we are away on business and if we simply dont wish to buy a car outright.

The UK car rental and leasing industry contributes approximately £49 billion per year to the economy (BVRLA). This number takes into account the operations of the rental industry itself, the UK-made vehicles and engines purchased, the activity of UK dealerships and how this influences the used car market. It is also estimated that in 2018, there were 52,700 people directly employed in the industry and 465,000 people whose jobs were supported by the industry (BVRLA).

According to IBIS World, the sector had an annual growth of 7.4 percent from 2014-2019 to reach a revenue of £16.6 billion. A surge in the demand from businesses and an increase in tourism have contributed to the revenue growth. The fact that the sector is growing can only mean good things when investing - with more and more people renting vehicles in the UK, there is greater scope for car rental businesses to be lucrative.

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The Benefits of Opening a Car Rental Franchise

  • It would be in demand. Each year there are approximately 10.9 million car rental transactions in the UK to meet the need of around 7.8 million Brits who wish to rent a car (BVRLA).
  • It would be part of a strong business sector. Car rental franchises offer a valuable service to the public. Most of us have rented a car at some point or know someone who has. With the affordable, accessible and flexible nature of car rentals, the British public can make the most of the service when they need it most.
  • It would attend to customers needs. Brits can choose whether they would like to rent a small or large vehicle based on the context. For example, someone may wish to rent a big, seven-seater car if they need to drive the whole family to their holiday destination or they might simply wish to try out different makes, models or even hybrid cars for the fun of it. Customers value companies that can accommodate a range of needs.
  • It would benefit from an existing business model. A franchise guarantees a steady flow of customers generated from an existing brand awareness. Franchises also have vehicle supply and technological and financial partnerships already in operation. Vehicle users are more likely to choose a local car rental branch with a recognised name and a powerful presence in the industry, such as Enterprise, Hertz or Europcar.

Enterprise Car Rental Franchise for Sale

Enterprise Rent-A-Car is an American vehicle rental company that is headquartered in Missouri, US. On top of providing car rental services, Enterprise oversees commercial fleet management, commercial truck and rental operations and used care sales. Founded in 1957, the business, which is the biggest in the sector, operates in more than 85 countries, with over 7,600 locations, hundreds of which are spread across the UK.

With the franchise caring about making the world a better place for future generations, it takes an active role in sustainability projects. Acknowledging the size and power that it has, Enterprise believes it is in a unique position to encourage the development of test market-driven solutions, advanced research and innovation. For example, Enterprise has pledged to plant 50 million trees in 50 years.

Enterprise welcomes interested franchisees to get in touch. However, it does not offer franchising opportunities in the US and Canada. The brand urges interested entrepreneurs to contact Peter Smith, the Vice President of Global Franchising via globalfranchising@ehi.com.

Avis Car Rental Franchise for Sale

Avis is also an American car rental company, but its headquartered in New Jersey, US. The car rental franchise believes that renting a car with Avis isnt just about getting from A to B - its a travel experience. With its price promise and proven track record of providing a great quality service, the company strives to make each hiring experience as simple and stress-free as possible.

Also, honouring corporate social responsibility, Avis monitors its impact on the environment by working with partners like CarbonNeutral Company, offering customers the option of renting environmentally-friendly cars, shutting down computers at the end of the day and installing motion-sensor lights.

The brand operates from 5,000 locations across the UK and Europe, and across the rest of the globe. With a rental solution to suit every requirement, Avis strives to accommodate the needs of every driver.

Avis encourages entrepreneurs who ideally have previous experience in sales, marketing, business ownership or travel services, to apply to become an Independent Operator. As an independent Operator, you will be in charge of the growth and success of your Avis Budget location, including marketing, staff and promoting the Avis Budget Group We Try Harder values.

An Avis Independent Operator relationship is not a franchise agreement. In this agreement, you will be able to rent Avis vehicles with no royalty or franchising fees attached, unlike a franchise.

However, take a look below for a similar opportunity available through Point Franchise.

Car Rental Franchise for Sale

Green Motion

This car and van rental franchise provides businesses and clients alike the opportunity to enjoy a vehicle with lower CO2 emissions at market-leading prices. The brand is the only 100 percent, fully franchised vehicle rental company, with every single location being owned and operated by a savvy entrepreneur.

Founded in the UK in 2007, Green Motions UK network has expanded to over 20 locations, and as a brand, has thrived internationally too, with its vehicle rental services being provided in over 40 countries - making Green Motion the sixth largest car and van rental company across the globe.

Green Motion provides franchisees with comprehensive training and ongoing support, including, but not limited to, creating a unique brand identity, planning the location, customer service, business planning and accounts support. As a franchisee you will also benefit from your location being displayed across 47 distribution channels, such as the travel brands Expedia and Rentalcars.

The company is searching for ambitious entrepreneurs to join its UK network as part of its UK expansion strategy. A minimum investment of £70,00 and a total investment of £140,000 is required, as well as £39,500 in franchise fees.

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