Hertz Car Rental FDD Summary
Type of Business
The franchisee will operate a business that rents cars.
Hertz System, Inc., a Delaware corporation, was formed on January 19, 1925. We conduct business under the name HERTZ and we maintain our principal place of business at 225 Brae Boulevard, Park Ridge, New Jersey 07656-0713. Our parent company, The Hertz Corporation, is our sole shareholder.
The total investment necessary to begin operation of a new Hertz franchise is $318,295 to $4,059,000. For new franchisees, this includes $25,000 to $55,000 that must be paid to the Franchisor or its affiliates. For any franchisee that is purchasing from the Parent the assets of certain existing car renting business locations, the investment may include a license fee of up to several hundred thousand dollars that must be paid to the Franchisor or its affiliates.