Services of North America Inc. (TSXV: FSN) is the largest
car rental franchisor in North America. The Company operates in the
car, van and light truck rental space, alongside a broad range of
insurance products, both business and personal, to its franchisees
and to the automobile industry.
As an umbrella company, it owns and operates
the following brands:
& Truck Rental, U-Save Car Sales, Auto Rental Resource Center
(ARRC), Xpress Rent-A-Car and Peakstone Financial Services.
Revenues from the brands in FY 2007 totaled US $18.2 million.
The Company is
well buffered from turmoil in the US and Global economies since FSNA
incurs very little risk and uses a small working capital line of
credit when needed. Car rentals can be expected to increase during
Unique to FSNA's
model is having Peakstone as a wholly-owned subsidiary to offer all
franchisees a one-stop shopping point for all insurance needs.
Subsidiaries and franchisees have solid business models to follow
allowing FSNA’s board and management to work aggressively to find
new opportunities for their franchisees, such as in-airport rental
locations, and advantageous listings with online travel websites
such as Kayak.com and Expedia.com.
for expansion has arisen due to a conversion wave of car rental
franchises into corporately owned companies, such as with Hertz and
Dollar-Thrifty. This opportunity leaves a pool of entrepreneurs
interested in purchasing a franchise. Each new
franchisee has met strict operational and capital criteria to join
the FSNA team.
The Company plans
to expand the U-Save brand further into the US, along
with other heavily travelled areas of the world, while continuing to
provide franchisees with quality corporate support in Marketing and
To see the
Company’s Corporate Profile, please click here.