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: $712,862*(2015)|
|Cost of Goods Sold||26.5%||$185,509|
|Direct Labor (Inc. P/R Tax)||18.90%||$132,307|
*Average gross revenue of $712,862 is based on the 2015 average gross revenue for Meineke centers that met the following criteria: (a) opened for more than 2 years as of December 26, 2015; (b) have a 3 star or higher rating, as describe in the FDD; (c) operate 6 bays; and (d) reported gross revenue information. Of those 178 centers, 70 centers (or 39% of the centers that meet the criteria) met or exceeded the gross revenue average. These centers represent 178 of all 646 Meineke centers open for 2 years as of December 26, 2015 and who reported gross revenue information. The average gross revenue of all 646 Meineke centers that were open forat least 2 years as of December 26, 2015 is $616,894. Of these 646 Meineke centers, 266 (41%) met or exceeded the average gross revenues. There is no assurance you will do as well. See Item 19 of our FDD for further details.
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.