The Franchisor is U-Save Auto Rental of America, Inc., referred to in this Disclosure Document as “U-Save®,” “we,” or “us.” We do business only under our corporate name and the names “U-Save Auto Rental®” or “U-Save Car & Truck Rental®.” Our principal address is 219 Industrial Drive, Ridgeland, Mississippi 39157. These offices comprise our Corporate Offices. U-Save originally was organized in North Carolina in 1979. On January 1, 1999, this company was merged into a Mississippi corporation of the same name. This was done solely to change U-Save's state of organization to Mississippi; none of U-Save's operations were affected by this action.
Neither we nor any of the affiliates described in this Item have ever conducted a business of the type that you will operate. Our CEO, Thomas McDonnell, however, has operated a U-Save® Franchised Business since 1994. We have never offered franchises in any other business. With the exception of our subsidiary, U-Save Car Sales, Inc., neither we nor our affiliates have ever offered franchises in any other line of business.
Franchised Businesses operate under our uniform format (“Operating System”) and certain designs, service marks and commercial symbols, including “U-Save®,” “USave Auto Rental®” and “U-Save Car & Truck Rental®” that we designate for use in connection with the system (the “Marks”). We grant to qualified persons and, in some cases, corporations and limited liability companies the right to use our Operating System, our marketing and distribution systems, support services and the Marks for the purpose of obtaining and keeping customers.
We charge a non-refundable initial franchise fee (“Initial Franchise Fee”) of $10,000 to $250,000, which is payable in full when the Franchise Agreement is signed. There is a minimum fee of $20,000 for neighborhood locations and a minimum fee of $25,000 for airport locations. Where an Exclusive Territory represents a township or city with a population that is clearly under 50,000, is not adjacent to or part of a larger populations, and does not contain airport servicing commercial carriers, the Initial Franchise Fee may be reduced to $10,000.
We do not offer direct or indirect financing. We do not guarantee your note, lease or obligation.
The FTC's Franchise Rule permits a franchisor to provide information about the actual or potential financial performance of its franchised and/or franchisor-owned outlets, if there is a reasonable basis for the information, and if the information is included in the disclosure document. Financial performance information that differs from that included in Item 19 may be given only if: (1) a franchisor provides the actual records of an existing outlet you are considering buying; or (2) a franchisor supplements the information provided in this Item 19, for example, by providing information about possible performance at a particular location or under particular circumstances