Start-Up Costs for a Meineke Car Care Franchise

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Ranked “First in Class” by Entrepreneur Magazine, Meineke Car Care Centers’ automotive franchises are built on an established system that fully equips you for success. We are always seeking out qualified candidates to start building their own car care franchise at Meineke and live out their dreams of being a successful business owner. The start-up costs for a Meineke franchise vary based on the size and scope of your business.

Type of Expenditure Low High
Initial Franchise Fee $7,500 $32,500
Travel and Living Expenses During Training $1,875 $2,700
Real Estate Rent and Security Deposit $5,585 $12,000
Opening Inventory $5,000 $15,000
Equipment, Signs, Small Tools, Installations $29,500 $156,275
Freight $1,500 $3,500
Point of Sale Software $7,363 $9,872
Center Supplies $4,318 $6,318
Insurance $1,000 $9,100
Initial Marketing $20,000 $20,000
Legal and Accounting Expenses $1,000 $12,414
Pre-Paid Expenses $10,000 $116,000
TOTAL PRE-OPENING EXPENSES $94,641 $395,679
Additional Funds – Three Months $35,000 $70,000
Total Cost Projection, Leased Location $129,641 $465,679

Please see Item 7 of our Franchise Disclosure Document for additional information regarding initial investment information.

In addition to the start-up costs your potential Meineke car care franchise may have, it also could have equipment costs too. Construction and equipment costs for a 6-bay franchise can vary based on the size and scope of your business as well.

NEW CONSTRUCTION (6 bay center)
Building & Land – BTS (Rent) $3,000 – $7,500/month with $6,000 – $19,500 deposit
Building (Own) $300,000 – $800,000
Land (Own) $100,000 – $300,000
Equipment $138,500 – $240,000
Utilities $100 – $5,000
Insurance $2,000 – $10,000

 

2ND GENERATION (6 bay center)
Building (Rent) $3,500 – $7,500/month with $7,500 – $19,500 deposit
Building (Own) $125,000 – $300,000
Equipment $137,000 – $190,000
Improvements $2,500 – $204,700
Utilities $100 – $5,000
Insurance $2,000 – $10,000
**National Averages; Jan 2013-YTD data

 

MFinancing Options for Your Franchise

Financing your car care franchise shouldn’t stand in the way of your dreams. Through our partnership with BoeFly, you can achieve your dreams of owning an automotive franchise with the financial support you deserve. BoeFly is an online marketplace harnessing technology tboeFlyLogoo help simplify the execution of commercial transactions and partnering with them has allowed us to provide shorter start-up periods to our automotive franchises, as well as better financing options for qualified franchisees with access to more than 3,600 different lenders.

Contact us today to schedule an appointment with us to discuss financing options for your own Meineke franchise location.