NextCar
A vehicle rental business offering motor vehicle rentals, leasing, carsharing and other mobility services, rent-to-own and lease-to-own options, and used vehicle sales to the general public through neighborhood, dealership-based, and airport locations.
Your franchise match score
Automotive
Brand highlights
- CEO
- Headquarters11411 Rockville Pike, Rockville, MD, 20852
- Year founded2004
- Year started franchising2015
- IndustryAutomotive
- Locations open21 (+3 last three years)
Statistics & metrics
- Investment range$338,950 - $813,135
- Franchise fee$24,000
- RoyaltyAirport Franchises: 4% of Gross Revenues (See Note 3) Non-airport Franchises: $34 per month per Rental Vehicle multiplied by the greater of: (1) the actual number of Rental Vehicles in your Fleet during the previous month; and (2) the minimum number of Rental Vehicles required under your Franchise Agreement. (See Note 2) The minimum monthly Royalty Fee is $680.
- Brand fundMarketing and Advertising Fee Airport Franchises: 1% of Gross Revenues (See Note 3) Non-airport Franchises: $8 per month per Rental Vehicle multiplied by the greater of: (1) the actual number of Rental Vehicles in your Fleet during the previous month; or (2) the minimum number of Rental Vehicles. (See Note 2) The minimum monthly marketing fee is $160
- Required Liquid CapitalN/A
- Required Net WorthN/A
Learn more about the Automotive industry:
The automotive industry offers a wide range of franchise opportunities, from repair and maintenance shops to car washes and dealerships. This sector is known for its steady demand and resilience, making it a popular choice for aspiring business owners.
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FDD insights
The information shown below is derived from publicly available franchise disclosure documents (FDDs), including the version issued as of the issuance date listed below, and other third-party sources. This information may not reflect the most current FDD. It is provided for general informational purposes only and is not part of any franchise offering or sales process. Franchise Sidekick is not providing or furnishing an FDD in accordance with FTC requirements. You should obtain and review the most current official FDD directly from the franchisor before making any investment decision.
FDD Version Referenced - Issuance Date: 2021-01-05
| Category | Detail | View |
|---|---|---|
| The Franchisor & Executives | Learn about NextCar, its parent company, and the executive leadership team responsible for operating and supporting the franchise system. | |
| Business Experience | Review the professional backgrounds and relevant business experience of NextCar's executives, directors, and key management personnel. | |
| Litigation | Understand any past or pending legal actions involving NextCar, its affiliates, or key personnel that may be relevant to prospective franchisees. | |
| Estimated Initial Investment | Review the estimated total initial investment required to open a NextCar franchise, including startup costs and working capital estimates. | |
| Financial Performance Representations | Review any financial performance information NextCar provides, including revenue or earnings data, if disclosed. |
Location data
| Total locations | 21 |
| Franchise locations | 5 |
| Corporate locations | 16 |
System growth over time
FAQs
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