Looking forward to a new Pegasus
Pegasus Rental Cars was established in Christchurch in 1989. The brainchild of Kevin and Sandra Lamb, the idea was to take advantage of the influx of used Japanese cars that were arriving into the country at that time following import de-regulation. For those hirers not requiring a new car and happy with lower prices, suddenly there was a new player in the market able to offer just that. Perhaps not surprisingly, the business grew like topsy!
What started as a small Christchurch business, with one depot and a few cars, quickly evolved into a much bigger and nationwide business. The Lambs found there was a need for much more than just a few cars, and for depots in all the main centres. Rather than appoint managers in the branches to handle the business, they decided to franchise each location. The idea proved to be the right one. Franchising enabled the rate of growth to continue and allowed the whole organisation to keep up with the ever-increasing and changing demands of the expanding tourism sector.
The first franchised depot opened in Nelson in 1991 and rapidly grew to a network of twenty franchised depots and eight agencies. After more than twenty years growing and operating the venture, Kevin and his wife Sandra have now decided to retire.
They have sold the master license for Pegasus Rental Cars to Adam Parore, the former New Zealand cricketer who is more recently known for his business successes with Adam Parore Mortgages and Small Business Accounting. Adam is looking to fine tune the business and, using his franchising expertise, grow Pegasus Rental Cars to a new level without sacrificing the fundamental value for money offer made since the very first day back in 1989.