Dr. Vinyl Franchise
Sunday, January 31, 2010 at 01:12AM Leather and vinyl repair; bumper repair and dent removal service
Former aerospace employee W. David Isley founded Dr. Vinyl in 1972 in Kansas City, Missouri. He and his wife, Marcia, worked with local restaurants, repairing torn, burnt, chipped and peeling vinyl booths and chairs, but soon discovered there were many similar repairs to be done at car dealerships. The couple did repairs for clients in the Kansas City area until 1981, when they began franchising.
Dr. Vinyl franchise business owners offers bumper repair, automotive paint touch-up, paintless dent removal, and vinyl siding repair in addition to the leather and vinyl repairs the Isleys introduced 28 years ago.
In January of 2001, Dr. Vinyl was sold to Richard Reinders, formerly the company's European Master Franchisee. It now allows franchise business owners to purchase shares in the parent company.
Start-up Costs & Franchises Fees
What is the total cost to open a Dr. Vinyl Franchises?
Total Cost: $44,000 USD -$69,500
Total Franchise Fees: $32,500
Ongoing Royalty Fees: 7%
Ongoing Advertising Fees:
Term of Agreement: 10 years
Contact Information for Dr. Vinyl
|
Dr. Vinyl & Associates Ltd. |
Toll Free: (800)531-6600 |
Dr. Vinyl In the Press
No results at this time.Historical Expansion
In what year did Dr. Vinyl begin operations? 1972
When did Dr. Vinyl begin selling franchises? 1981
Year United States Canada International Corporate 2005 220 0 53 4 2004 183 1 25 0 2003 202 1 39 2 2002 185 1 25 0 2001 169 1 22 1
Future Expansion
Countries of Interest:
Franchise Financing Information
Cost In House Financing Available? 3rd Party Financing Available? Franchise Fee Yes No Initial Start-up Capital No No Plant, Property, and Equipment No No Inventory No No Accounts Receivable No No Payroll No No
Training & Support
Support
In the Pressletter, Meetings, Toll free phone number, Grand opening support, Internet referrals, Field support and site evaluation, Purchasing cooperatives
Marketing
Cooperative advertising, Ad slicks, National media
Franchise Operation Restrictions
This franchise can be run as a home based business franchise.International franchise business owners required to buy multiple units/master licenses; 10% of all franchise business owners own more than one franchise location.
Number of employees needed to run franchised unit: 1
Absentee ownership of this franchise business is not available to new franchisees. (99% of current franchise business owners are owner/operators)
Qualifications & Business Experience
Business Experience:
General business experience Sales & marketing experience
Jason Rager's Inside Information
Can you buy this franchise for no money down? YesPlease note: You must use my system to receive these benefits and so much more. Click here.
What key terms in the franchise agreement can be negotiated? Cross-default provisions, arbitration clause, personal guarantee, default cure periods, non-compete agreement, favorable valuations for corporate buyout
Can you negotiate lower royalties during start-up? Yes
Can you purchase multiple franchises for a discounted franchise fee? Yes
Can you receive lower advertising fees? Yes
Will I know when the franchise break even? Yes
Will my personal assets including my home be safe in case my franchise business fails? Yes