Qualifications for Starting Your Meineke Auto Franchise
At Meineke Car Care Centers, our goal is to help customers take care of their car so they can focus on more important things in the lives. That’s why since 1972, our brand has been the go-to choice of entrepreneurs looking to create a career of their own within our automotive franchise. We give our franchisees an edge because of our well-established name, specific training program, and assistance in dealing with barriers to entry, so that their Meineke auto franchise is set for success.
The automotive marketplace is booming and cars on the street have an average age that is higher than ever before. When you own any one of our automotive franchises at Meineke, you’ll take pride in knowing you’re a part of what help keeps our customers’ vehicles on the road for longer and working properly. We specialize in franchising brands in the automotive care industry. Our parent company, Driven Brands, Inc., has acquired several other brands including Econo Lube N’ Tune, Inc., Maaco, Drive N Style, Merlin, and 1-800 Radiator & A/C, CARSTAR North America, North Florida Lubes, Take 5 Oil Change and Pro Oil Change.
We keep our facts and numbers transparent so you know exactly what your financial situation should be when looking to potentially start your auto franchise with us. The initial franchise fee is $32,500. To be considered an eligible candidate, your net worth should be $250,000 or more with liquid assets of $110,000 or more. Once you’re sure that you’d like to take the next step in launching your automotive franchise with Meineke, we go over all the numbers with you to ensure you of what your start-up costs will look like going forward.
Take a Look at the Earning Potential
|Average Meineke Center – Sales: $717,864*(2015)|
|Cost of Goods Sold||26.5%||$185,509|
|Direct Labor (Inc. P/R Tax)||18.90%||$132,307|
|Average earnings after Royalty and Advertising fees||22.65%||$158,558*|
*Please see item 19 for further earning details . Meineke center average gross revenues for fiscal year end Dec. 27, 2014 for Meineke centers opened for more than 2 years that have a 3 star or higher rating. Assuming Owner-Operator model. Meineke center average gross revenues for fiscal year end Dec 26, 2015. 2015 average expense information being compiled.
Contact us today to discuss any or all of the qualifications required of our franchise owners. Our corporate headquarters are in Charlotte, North Carolina, but we have locations both nationally and internationally.