Thirty Advantage Locations to Close, Reports FSNA

Franchise Services of North America Inc. has announced that its wholly-owned subsidiary Simply Wheelz LLC — which does business as Advantage Rent a Car — has determined to cease operations at 30 Advantage locations effective today, Jan. 24.

Advantage has reached an agreement with Dollar Rent A Car whereby Dollar has agreed to provide car rental services to those customers who hold active Advantage reservations at all closed locations beginning Jan. 24, according to FSNA.

The decision to cease operations at certain Advantage locations was made in connection with the proposed sale of Advantage assets to The Catalyst Capital Group Inc. Catalyst was the prevailing purchaser in the auction of certain Advantage assets as part of the Simply Wheelz insolvency proceedings — as approved by the United States Bankruptcy Court for the Southern District of Mississippi.

Simply Wheelz hopes to complete its sale to Catalyst in the first quarter of 2014, says FSNA. However, the company will need to complete a number of procedural matters and arrangements with third parties before this sale can be completed.

One such matter involves a careful internal review of the 70 U.S. Advantage locations. Accordingly, in order to help strengthen and position the Advantage brand for sustainable growth going forward, Advantage has made the decision to cease operations at 30 of these locations, according to FSNA. The specific locations to be closed were not named.

Comments

  1. Judy [ March 6, 2014 @ 11:33AM ]

    The New World Order will probably have only one
    car rental company.

Comment On This Story

Name:  
Email:  
Comment: (Max. 10000 characters)  
Please leave blank:
* Please note that every comment is moderated.

Newsletter: Sign up to receive latest news, articles, and much more.

Read the latest

Auto Focus Blog: A blog covering fleets, auto rental and the business of cars

Autonomous Vehicles and the Changing Role of the Fleet Manager

With fewer drivers and substantially longer fleet lifecycles, fleet managers will pivot to new job functions.

2017: Fleet Mix Will Be Paramount

Car rental companies are migrating to vehicle segments with better residual values, though not without bumps in the road.

Auto Rental Summit: Five Trend Lines

Taking in the seminars, discussions, and networking at the 2016 Auto Rental Summit, trend lines emerged around shifts in model mix, data protection issues, increasing labor costs, workforce engagement, and new platforms to rent cars.

Job Finder: Access Top Talent. Fill Key Positions.