FRANCHISE FREQUENTLY ASKED QUESTIONS
What is the cost to open a Franchise?
Is financing available?
Yes. Through a third party financing company we can help arrange financing for Rental Equipment and Trailers. A typical financing line-of-credit provides for financing of 75% of all titled Rental Equipment.
Can I choose my location?
Yes. Although there are some minor limitations on locations, we will work with you to open a TRAX PowerSports Rentals® location of your choosing.
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?
Am I required to charge certain rates?
No. We provide recommendations and guidelines but each Franchisee will establish their own rates and discounts.
Is my location required to be open on Sundays and Holidays?
No. We have designed rental rates and times to allow rental customers to return their machines the morning following Sundays and Holidays. Therefore, those Franchisees who desire to close on Sundays and Holidays have a template for allowing this to happen.
What are the typical hours for a TRAX PowerSports Rentals® location?
Typical Hours: Monday 8am-6pm and Tuesday - Saturday 9am-6pm
Is it possible to have more than one TRAX PowerSports Rentals® franchise?
Yes. Each location requires a separate franchise agreement. However, there are discounted franchise fees for multiple locations.
Do I need to have mechanical skills or hire a mechanic?
Will I be required to always be on call to answer the phone and take reservations?
No. One of the significant benefits of being a TRAX PowerSports Rentals® Franchisee is our leading edge online reservation system and our centralized live reservation center. Not only can renters reserve online 24/7 with an easy to use reservation system, they can call 7 days per week and speak with a live reservationist who will answer their questions and help them with their reservation. Franchisees will be able to take reservations but they can be assured that both online and live reservations will be taken for them while they are taking care of existing customers.
How long does it take to open my Franchise location?
We will help you to move at your own pace, so timing really depends on you. However; from the time we receive your application until your store is open generally takes at least 6 months.