Hertz

The Hertz franchise is considered to be one of the world's largest airport rental companies, as well as the leading rental brand in the United States and over 85 countries in Europe. The company was founded in 1918 in Chicago by Walter Jacobs. It was then was sold in 1923 to Hertz John, who changed the name of the company. Additionally, he sold his previous company to General Motors, which he later purchased back from the company. The Hertz franchise is looking for franchisees who are passionate about growing the brand and don't require any special prior experience to open a location. Consider opening a Hertz franchise today. 

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Hertz Franchise Cost and Requirements for 2022

Background

Even following the COVID-19 pandemic, the car rental industry is a booming business that accounts for billions in economic activity. Despite the dramatic decline in travelling due to pandemic travel restrictions, people are now traveling about as much as they did before the pandemic. When you open a car rental franchise, you are putting yourself a head of the curve. In today's world, people are moving toward a subscription-based transportation service that cuts down on the price of maintenance and insurance premium costs, which are attractive to many customers. This is where the Hertz franchise comes in. Since the company was founded in 1918 in Chicago by Walter Jacobs, it has grown to be one of the world's largest airport rental companies, as well as the leading rental brand in the United States and over 85 countries in Europe. The brand is looking to expand with franchisees who don't need any special prior experience in order to open a franchise with them. The car rental industry is also finding new business-to-business (B2B) opportunities in another surging segment — last-mile deliveries. The Hertz franchise recently partnered with nearly 650 delivery service providers (DSP) that service retailers, “e-tailers,” and end-market consumers. And the franchise has not plans to slow down on its expansion at all. If you are looking to get your piece of the billion dollar car rental industry, then the Hurtz franchise could be the franchise opportunity you have been looking for. It has the potential to change life for you and your family. 

Company Details

Founded: 1918
International: Yes
Canada: Yes

Support and Training Offered By Hertz

In terms of support and training, franchisees can expect onboarding training at the company's head office. The franchisee will also be offered an exclusive territory in which they can operate. The franchise will offer all the support and training necessary for a franchisee to succeed. 

2022 Franchise Requirements Needed to Own a Hertz Franchise.

What does a Hertz Franchise Cost?

Hertz franchise fees for 2022:

Net worth: $500,000
Liquid capital: $150,000

Is Hertz a Semi Absentee Franchise with a Passive Ownership Opportunity?

No. Hertz is not a semi absentee franchise. The owner of the franchise (the franchisee) is expected to be involved in all aspects of day-to-day operations.

Is Hertz a Home Based franchise?

No. Hertz is not a home based franchise opportunity.

What Do Hertz Franchise Owners Make?

Click here to find out how much Hertz franchisees make. Hertz offers an Item 19 in their Franchise Disclosure Document which provides financial information about select franchisees in their franchise system.

Is Hertz Looking for Franchisees in Canada?

Yes. Hertz franchise is looking for Canada franchisees.

Is Hertz Looking for International franchisees?

Yes. Hertz franchise is looking for International franchisees.

Additional Information

Additional Categories

Car Rental, Non Food Franchises

Number of Units Open

100+ UNITS

Cash Required

More than $250,000

Passive Franchise

No

Home Based Franchise

No

Item 19 Franchise

Yes

B2B

Yes

Franchise Opportunities in Canada

Yes

International Franchise Opportunities

Yes

Hertz Franchises for Sale

Click Here to inquire about existing Hertz franchises for sale. We may have Hertz franchise resales. A franchise resale is an already established franchise owned by a franchisee and the franchisee is looking to sell their franchise.

Franchises Similar to Hertz

The International Franchise Professionals Group (IFPG) is an internationally recognized membership-based franchise organization. IFPG Franchise Consultants guide aspiring business owners through the process of identifying and investing in franchise businesses. The IFPG represents more than 550 franchises. We do not represent all franchises listed here. By clicking on "Request a Consultation," you are agreeing to be contacted by one of our Certified Franchise Consultants to discuss franchise ownership.

About our rankings: The IFPG uses its internal data collected from our membership portal to identify which franchises had the most activity in the past week. This ranking system is not based on franchise sales, franchisee success rates or number of units open. Our ranking system should not be used to make a decision on which franchise to buy it was solely created for internal purposes and for our IFPG Members.