Grease Monkey Franchise
Thursday, May 13, 2010 at 02:56AM Automotive preventive maintenance
Founded in 1978, Grease Monkey centers provide preventive maintenance that meets manufacturers' recommendations for most makes and models of cars, with no appointment necessary. Since 1998, the company has offered a Monkey Shine program--a car wash adjacent to and in conjunction with the Grease Monkey Center.
Start-up Costs & Franchises Fees
What is the total cost to open a Grease Monkey Franchises?
Total Cost: $153,000 USD -$253,000 USD
Total Franchise Fees: $30,000 USD
Ongoing Royalty Fees: 5%
Ongoing Advertising Fees:
Term of Agreement: 15 years
Franchise Agreement Renewal Fee: $5K
Contact Information for Grease Monkey
|
Grease Monkey International Inc. |
Phone Number: (303)308-1660 |
Grease Monkey In the Press
No results at this time.Historical Expansion
In what year did Grease Monkey begin operations? 1978
When did Grease Monkey begin selling franchises? 1979
Year United States Canada International Corporate 2005 197 0 41 3 2004 192 0 37 3 2003 190 0 33 13 2002 170 0 28 35 2001 163 0 23 44
Future Expansion
Countries of Interest: Mexico,
Franchise Financing Information
Cost In House Financing Available? 3rd Party Financing Available? Franchise Fee No Yes Initial Start-up Capital No Yes Plant, Property, and Equipment No Yes Inventory No Yes Accounts Receivable No Yes Payroll No Yes 3rd Party Financing Available? Financing Source(s): the SBA & conventional sources
Training & Support
Support
In the Pressletter, Meetings, Toll free phone number, Grand opening support, Safety and Security procedures, Field support and site evaluation, Purchasing cooperatives
Marketing
Cooperative advertising, Ad slicks, Regional advertising support
Franchise Operation Restrictions
30% of all franchise business owners own more than one franchise location.Number of employees needed to run franchised unit: 8
Absentee ownership of franchise is allowed. (95% of current franchise business owners are owner/operators)
Qualifications & Business Experience
Business Experience:
General business experience Sales & marketing experience
Franchise Analyzer Professional's Inside Information
Can you buy this franchise for no money down? YesPlease note: You must download a free copy of Franchise Analyzer Professional to receive these benefits and so much more. Click here to download your FREE copy now.
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