PARK RIDGE, NJ--The Hertz Corporation is expanding its franchisee network as part of a company-wide initiative to increase presence in the airport and off airport car rental markets.
"Hertz is expanding its franchisee network to accelerate growth in certain key US car rental markets, which, we believe, can happen faster under entrepreneurial, local ownership," according to Mark P. Frissora, Hertz Corporation chairman and CEO. "Hertz brings a wealth of franchising experience to the table, providing these new businesses with a variety of resources and cost synergies which will enable them to operate within our philosophy of providing the best possible products and services at the lowest possible price."
Hertz franchisees operate from 278 locations in the US, including 47 airports. Worldwide, the company has over 3500 franchise locations on six continents. Initially, Hertz will be transitioning select corporate markets to franchisee operations.
The company's franchisees in established markets will have the opportunity to acquire assets such as facilities, staff and fleet, and operate under established Hertz airport concession agreements and functional operations.
In addition, franchisees will be able to take advantage of shared services and cost synergies with Hertz including the company's fleet purchasing scale and reservation systems. Hertz will also offer franchises with a full array of services in currently underserved U.S. markets.
Those interested in Hertz Franchise Opportunities can contact Patricia Consoli, franchise coordinator, at (201)307-2233 or pconsoli@hertz.com.
