Meineke Car Care

a Driven Brands company

Executive Level Multi Unit Franchise with 70% Brand Recognition. Manager runs day to day. 40% of owners have multiple units.

Category: Automotive

Concept Description

Meineke Car Care Centers have come a long way since 1972 in Houston, Texas when Sam Meineke began with only one store and a single product line. He also started with a simple concept: he would provide quality products and workmanship at a fair price and fix folks’ vehicles correctly, the first time. Today, still based on Sam’s ideals, Meineke is one of the most recognized and trusted brands in North America.

Meineke Car Care Centers has successfully diversified its automotive service offerings and is recognized today as a leader in complete car care automotive franchises. From oil changes to brakes, our complete car care model provides consumers with high quality services at affordable prices. With nearly 1,000 Meineke Car Care franchises operating nationally and internationally, Meineke continues to be one of the most recognized and trusted brands in auto repair.

You can pick up the torch and continue a great American legacy in quality automotive repair. Meineke is a company you can be in and be proud of every single day. How many franchise opportunities can both claim and offer that sense of pride and tradition?

From opening your own business to managing the day-to-day accounting of your center, Meineke Car Care Centers provides you with comprehensive training and support for your franchise. We make sure our franchisees are well-equipped for long-term success as partners of Meineke. There is no time like the present to take charge of your future and improve your family’s finances.

Unit Option

Single, Multiple

Background

FDD Franchised Units: 716

Corporate Owned Units: 0

Projected New Units: 0

Year Established: 1972

First Year Franchised: 1972

Type of Business: Franchise

Hours of Operation: 24 / 7 / 365

Number of Employees: Small (1-5)

History:

Started in the 1970’s by Sam Meineke we have grown into one of the largest most well known auto repair Franchises in the world. What originally started as Meineke Muffler has evolved over the past 50+ years into an Executive Level Multi-Unit Complete Car Care Franchise.

Cutting edge technology like our E-Inspection system allow us to stay ahead of the competition. We aren’t just different, we are the ONLY auto repair Franchise doing things the way we do.

Financial Requirements for incoming franchisees:

Net worth $500K

Liquid Cash on hand $250K

Credit Score 700 or higher

We will do single units but also encourge multi unit developement for candidates that qualify and are interested in multiple units.

Availability

var province = {"ab":"#c0ded8","bc":"#c0ded8","mb":"#c0ded8","nb":"#c0ded8","nl":"#c0ded8","nt":"#c0ded8","ns":"#c0ded8","nu":"#c0ded8","on":"#c0ded8","pe":"#c0ded8","sk":"#c0ded8","yt":"#c0ded8"}; setTimeout( function() { jQuery( '#vmapcanada' ).vectorMap( { map : 'canada_en', backgroundColor: null, color : '#F8F7F4', enableZoom : false, showTooltip : true, selectedColor : null, hoverColor : null, colors : province, borderColor : '#deddd8', borderOpacity : 1, borderWidth : 1, onRegionClick : function ( event, code, region ) { event.preventDefault(); } } ); }, 2000 );

Not Available
Available
Focus

var states = {"al":"#30917F","ak":"#30917F","az":"#30917F","ar":"#30917F","ca":"#c0ded8","co":"#30917F","ct":"#c0ded8","de":"#30917F","dc":"#30917F","fl":"#c0ded8","ga":"#30917F","hi":"#c0ded8","id":"#30917F","il":"#c0ded8","in":"#c0ded8","ia":"#30917F","ks":"#30917F","ky":"#c0ded8","la":"#30917F","me":"#c0ded8","md":"#c0ded8","ma":"#30917F","mi":"#c0ded8","mn":"#c0ded8","ms":"#30917F","mo":"#30917F","mt":"#30917F","ne":"#c0ded8","nv":"#30917F","nh":"#30917F","nj":"#30917F","nm":"#30917F","ny":"#c0ded8","nc":"#c0ded8","nd":"#c0ded8","oh":"#30917F","ok":"#30917F","or":"#c0ded8","pa":"#30917F","ri":"#c0ded8","sc":"#c0ded8","sd":"#c0ded8","tn":"#30917F","tx":"#c0ded8","ut":"#c0ded8","vt":"#30917F","va":"#c0ded8","wa":"#c0ded8","wv":"#30917F","wi":"#c0ded8","wy":"#30917F"}; setTimeout( function() { jQuery( '#vmapusa' ).vectorMap( { map : 'usa_en', backgroundColor: null, color : '#F8F7F4', enableZoom : false, showTooltip : true, selectedColor : null, hoverColor : null, borderColor : '#deddd8', borderOpacity : 1, borderWidth : 1, colors : states, onRegionClick : function ( event, code, region ) { event.preventDefault(); } } ); }, 2000 );

Not Available
Available
Focus

Territories: United States, Canada: Registered

Financials

Liquidity: $250,000

*Investment Range: $224,898 - $1,200,818

**Average Investment: $300,000 - $350,000
Provided by the Franchisor

Minimum Net Worth: $500,001 to $750,000

6 Month Cash: $50,001

Franchise Fee: $45,000

Royalty: 3%-7%

Royalty Description: The greater of $20,800 annual minimum royalty, equal to $400 per week, or your calculated royalty based on the percentages (3%-7%) of Gross Revenues.

Advertising: Local: Derived from your MAF contribution and will not be less than 4.5% of Gross Revenues

National Advertising: National: 8% of your Gross Revenues; however, your MAF contribution will be 1.5% of your Gross Revenues from the sale of tires, towing services, and government regulated inspections

Ramp-Up: 7 to 9 months

Passive Ownership: Semi- passive at onset (they can hire a manager to run business)
Passive Ownership means the owner is working 15 hours or less per week in the business.

Passive Ownership Explain: With our Executive Level Multi Unit Model franchise owners hire a manager to oversee day to day operations of the business. 40% of our owners own multiple units and operate this way.

Available Discounts

  • Veterans

Discount Description: Existing Franchisee: the initial franchise fee will be reduced to $22,500 for your second franchised Meineke Center; Conversion: Under the conversion program, the initial franchise fee is $20,000; Veterans: receive a 50% reduction in royalty fees for the first 6 months of operation of their Meineke Centers.

Training, Support and Assistance

Co-Operative Advertising: N/A

Site Selection Assistance: Available

Lease Negotiation Assistance: Available

Length of Training: 2 Weeks

Training Description:

Training starts when candidate becomes a Franchisee, our Onboarding Team starts training before they even visit Charlotte, NC headquarters. We help them find a location, negotiate the lease, provide layout & design for the center & more.

There are 2 weeks of training at HQ in Charlotte, NC.

Travel & hotel are included in the Franchise Fee for 2 people to attend.

Operational and Marketing Tools:

Go to google news & search for “Meineke REVVY” and you will see one of the best technology tools for a customer to have when it comes to auto repair franchising. This tool allows our local franchisee to have access to car problems as they happen, it syncs with customer’s phone & our POS system.

E-Inspection System. We are the ONLY auto repair Franchise that has an iPad driven inspection system where the mechanics use this integrated system to inspect the car. This truly enhances the Customer Experience because when the customer sees this technology & how it helps them save money & get the right service they are blown away.

Cutting edge POS system that is linked with our E-Inspection System & REVVY. This allows us to have an OUTSTANDING customer experience that keeps customers coming back over & over again for more service.

Financing Assistance: Available

Interested in this Concept? Unlock it with the form below.

Presented By:

Maria Rogers

FranMent

Avatar photo