Payless Car Sales recently announced that it has completed the signing of its first set of franchise renewal agreements with six of it earliest franchisees.
Payless dealers in Fern Park, Plantation and Tampa, Fla.; Jonesboro and LaGrange, Georgia and Houston, Texas, have signed up for an additional five-year term as a Payless Car Sales dealership. Each of these previously independent dealers joined the Payless Car Sales Franchise System in 2002—its first year of operation.
For a franchise system, reaching the renewal phase signifies a giant step forward. It provides proof that the franchisors’ concept and processes work, that the system has credibility having reached its first verifiable level of success. Other positive signs are franchisees opening additional stores and the appreciated value of a franchisees dealership when it comes time to sell.
Payless has several multi-store operators within its ranks and the few franchisees that have sold their franchise for personal reasons, or upon retirement, have benefited significantly from the appreciated value of their investment in the Payless brand.
Payless Car Sales is a franchise system specifically designed to provide qualified independent used car dealerships with the opportunity to affiliate with a recognized and trusted global brand.
Payless is continuing to expand across the U.S. and plans to enter the international marketplace. Independent dealers seeking to grow their sales should contact: James Formanek, vice president of sales at (813) 380-4999, or JFormanek@PaylessCarSales.com. For additional information, visit PaylessFranchise.com.