Rent-A-Wheel FDD – Franchise Information, Costs and Fees
Type of Business
The franchisor is offering franchises to operate stores that lease and sell custom wheels, tires and related products under the service mark “RENT A WHEEL.”
Corporate Information
Rent-A-Tire, L.P. is a Texas Limited Partnership that was formed on June 4, 2002. Their principal place of business is 5438 West 104th Street Los Angeles, California 90045. They began offering franchises for RENT A WHEEL Stores in 2014.
Investment
The franchisor offers 2 franchise programs:
- A single Store. The total investment necessary to begin operation of a RENT A WHEEL franchise is $158,550 to $503,800. This includes the initial franchise fee of $50,000 that must be paid to the franchisor.
- Multiple Stores within a defined area pursuant to an Area Development Agreement. There is an initial development fee of $25,000 multiplied by the number of Stores you must open (excluding your first Store), plus $50,000 representing the initial franchise fee for your first Franchise Agreement and Store. You will pay an initial franchise fee of $50,000 for each Store. However, we will credit the development fee against the initial franchise fees (at the rate of $25,000 for the second and each subsequent Franchise Agreement).