Meineke Car Care Franchise
Tuesday, April 27, 2010 at 02:43PM Muffler repair and replacement services
Sam Meineke began with a single store in Houston in 1972. The company has since become a subsidiary of Part Industry Corp. and part of a British-owned, multifaceted group that supplies automotive and agricultural components and systems.
The initial concept of providing quality exhaust service at discount prices has expanded to include complete brake service, oil and lube service, front-end alignment, shock and strut service and Catalytic converters.
Start-up Costs & Franchises Fees
What is the total cost to open a Meineke Car Care Franchises?
Total Cost: $180,000 USD -$365,000 USD
Total Franchise Fees: $30,000 USD
Ongoing Royalty Fees: 2.5-7%
Ongoing Advertising Fees:
Term of Agreement: 15 years
Franchise Agreement Renewal Fee: $2.5K
Contact Information for Meineke Car Care
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Meineke Car Care Centers |
Toll Free: (800)275-5200 |
Meineke Car Care In the Press
No results at this time.Historical Expansion
In what year did Meineke Car Care begin operations? 1972
When did Meineke Car Care begin selling franchises? 1972
Year United States Canada International Corporate 2005 841 22 16 1 2004 837 22 16 1 2003 818 23 16 21 2002 808 30 8 24 2001 849 29 5 24
Future Expansion
Countries of Interest:
Franchise Financing Information
Cost In House Financing Available? 3rd Party Financing Available? Franchise Fee No No Initial Start-up Capital No Yes Plant, Property, and Equipment No Yes Inventory No Yes Accounts Receivable No No Payroll No No 3rd Party Financing Available? Financing Source(s): the SBA, CIT Small Business Lending, Wells Fargo, Merrill Lynch, Provident Bank, American Express Business Finance, Puget Sound Leasing, Maremont
Training & Support
Training
Ongoing technical hotline, online courses available
Support
In the Pressletter, Meetings, Toll free phone number, Grand opening support, Internet referrals, Safety and Security procedures, Field support and site evaluation
Marketing
Cooperative advertising, Ad slicks, National media, Regional advertising support
Franchise Operation Restrictions
International franchise business owners required to buy multiple units/master licenses; 35% of all franchise business owners own more than one franchise location.Number of employees needed to run franchised unit: 4 - 5
Absentee ownership of franchise is allowed. (90% of current franchise business owners are owner/operators)
Qualifications & Business Experience
Business Experience:
General business experience Supervisory 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