Hertz® Car Rental FDD – Franchise Information, Costs and Fees
Type of Business
You will operate a business that rents cars under the “Hertz®” name within a designated territory. Under certain circumstances, you may be offered the opportunity to enter into a Multiple Brand Franchising Addendum to operate additional car rental businesses under other brands.
Hertz® System, Inc. a Delaware corporation, was formed on January 19, 1925. They maintain their principal place of business at 8501 Williams Road, Estero, Florida 33928. Hertz is a wholly owned direct subsidiary of the Hertz® Corporation, which was incorporated in Delaware in 1967.
The total investment necessary to begin operation of a Franchised Business (excluding real estate) is $879,300 to $15,839,000. For new franchisees, this includes $25,000 to $100,000 that must be paid to the Franchisor or its affiliates. For any franchisee that is purchasing from the Parent or its affiliates the assets of certain existing car renting business locations, the investment may include a franchise fee of several hundred thousand dollars or more that must be paid to the Franchisor or its affiliates.