Tuffy Associates Franchise
Tuesday, April 27, 2010 at 04:18PM Exhaust, brakes, and general automotive services
Charles Amy founded Tuffy Auto Service Centers when he opened the first Tuffy Muffler shop in 1970. The private company began franchising one year later and now has shops in several states. It is based in Toledo.
Start-up Costs & Franchises Fees
What is the total cost to open a Tuffy Associates Franchises?
Total Cost: $209,000 USD -$349,000 USD
Total Franchise Fees: $25,000 USD
Ongoing Royalty Fees: 5%
Ongoing Advertising Fees:
Term of Agreement: 15 years
Contact Information for Tuffy Associates
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Tuffy Associates Corp. |
Phone Number: (419)865-6900 |
Historical Expansion
In what year did Tuffy Associates begin operations? 1970
When did Tuffy Associates begin selling franchises? 1971
Year United States Canada International Corporate 2005 239 0 0 12 2004 236 0 0 15 2003 236 0 0 13 2002 239 0 0 11 2001 229 0 0 11
Future Expansion
United States: Florida, Iowa, Illinois, Indiana, Maryland, Michigan, Nebraska, North Carolina, North Dakota, New Jersey, Ohio, Pennsylvania, South Dakota, Virginia, Wisconsin,
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 No Payroll No No 3rd Party Financing Available? Financing Source(s): Taycor Financial, Franchise Capital
Training & Support
Support
In the Pressletter, Meetings, Toll free phone number, Grand opening support, Internet referrals, Safety and Security procedures, Field support and site evaluation, Purchasing cooperatives
Marketing
Cooperative advertising, Ad slicks, National media, 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: 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
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