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Payless Car Sales
Payless Car Sales, Inc. is a wholly owned subsidiary company of Avalon Global Group, Inc., a Nevada corporation that also owns Payless Car Rental System, Inc. and several other travel industry related companies. (Payless Car Rental System, Inc. has been franchising auto rental locations in the United States since 1970 and currently serves more than 80 locations worldwide.) The Payless Car Sales Franchise Program was initiated in February 2002 and has experienced steady growth as a result of the efforts of Tulsa-based Payless Development LLC, the U.S. Master Developer for the brand. The franchise has developed a nationwide network of pre-owned used auto dealers that have been carefully screened and selected based on key parameters. The Payless Car Sales system provides its franchisees with a wide variety of products and services not traditionally available to independent used auto dealers.
Facts & figures
To open a location, you should have $160,000 available as liquid capital. You need to have a total net worth of $500,000 if you want to become an owner. The low end of the total investment required to open a new franchise is $40,500. The high end of the total investment required to open a franchise is $1,556,000. The franchise fee to open a Payless Car Sales unit is $30,000. There are currently 14 Payless Car Sales units in operation.
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