Frequently Asked Questions – Franchises
What is the cost to open a Franchise?
Franchise Fee – The current Franchise Fee is $39,000 and is subject to change
Store and Office Equipment – The cost to open the store and to acquire the necessary computers, desks, and accessories varies depending on location. However, we estimate the cost to be between $10,000 and $20,000.
Rental Equipment and Trailers – We require each TRAX PowerSports Rentals® franchise to have at least 15 pieces of PowerSports rental equipment. All equipment must be new and in good operating condition. The cost of this equipment will vary based on the product mix. However, we suggest having access to at least a $200,000 line-of-credit to purchase this equipment.
Is financing available?
Can I choose my location?
Am I required to have a certain mix of equipment?
Each item of rental equipment is required to be purchased new, and all items in your fleet must be current year models. These items may not be older than 18 months old, although exceptions may be approved through the Franchisor in writing.
How do I purchase the rental equipment for my TRAX PowerSports Rental® location?
We encourage Franchisees to develop relationships with their local PowerSports dealers. We will assist each Franchisee in developing these relationships and obtaining fleet and rental discounts.
TRAX PowerSports Rentals® has existing relationships and has negotiated discounts on many types of equipment. We are continually working to develop more relationships with the manufacturers and increased purchase discounts. Franchisees have access to these relationships and discounts.
Am I required to charge certain rates?
Is my location required to be open on Sundays and Holidays?
What are the typical hours for a TRAX PowerSports Rentals® location?
Each Franchisee is allowed to establish their own hours. However, experience suggests that morning and evening are the typical times for picking up and returning rental equipment.
Typical Hours: Monday 8am-6pm and Tuesday - Saturday 9am-6pm
Our location in Morgan, Utah is open Monday through Saturday from 8:00 AM to 6:00 PM. On Mondays and the day following holidays, we open an hour earlier at 7:00 AM to allow renters from Sundays and holidays to return their machines before going to work.
We are closed Sundays and holidays. Rentals on Sundays and holidays are allowed to return their machines the following morning by 8:00 AM.
Is it possible to have more than one TRAX PowerSports Rentals® franchise?
Do I need to have mechanical skills or hire a mechanic?
No. As noted above, we encourage Franchisees to develop relationships with their local PowerSports dealers. Many of these dealers will be anxious to work with you and give you priority on equipment maintenance, service, and repair.
However, many Franchisees will want to hire part-time mechanics or service people to work on the equipment.