Automotive

You don't need to be mechanically inclined to own a top automotive franchise. There are a number of auto franchises out there with very recognizable, respectable and well-known names.

AAMCO

AAMCO is one of the top franchise brands with 45 years experience and a leader in the $200 billion automotive market. With AAMCO, there is a 90% brand awareness including the well known double A-beep beep MCO tagline. It first began as a transmission repair service, but now offer complete car care services.

AAMCO Franchisors will provide everything you will need including, market development, site selection, comprehensive dealer training, national fleet accounts and technical support.

Your required capital will be $50,000-$191,000 with a required net worth of $250,000. The franchise fee is generally about $30,000 with a 7 % royalty fee. AAMCO has been going strong since 1963.

Precision Tune Auto Care

This is one of the largest auto care franchises that specialize in scheduled maintenance, oil changes, brakes, fuel injection etc. They started in 1975, offered American franchises in 19 77 and have been offering franchises internationally, their first being Taiwan , since 1990.

Total investment will be $123,000 to $208,075 with start up cost at around $80,000 to $100,000. Precision Tune Auto Care offers financial assistance and is an accepted SBA approved company. They are also involved in VetFran, MinorityFran and Women's programs for franchise opportunities.

With VetFran, they offer a discounted initial franchise fee of $10,000 as well as a reduced royalty rate for the first year of 3.75%.

You generally will need a liquid capital of $70,000 and have a net worth of $150,000. The franchise fee is generally $25,000, a royalty of 7.5% and a 1.5% advertising fee is necessary for a Precision Tune Auto Care business.

Midas Franchise

Midas began in 1956 when Nate H. Sherman founded Midas to service mufflers and other exhaust system parts and within a year, he had 100 Midas shops opened in 40 states.

In today's world, Midas also services shock absorbers, brakes, tires, batteries and heating and cooling systems.

To open a Midas franchise, you will need to invest a total of $395,400 to $528,000, pay a franchise fee of $20,000, and pay a royalty fee of 10%.

Meineke

Meineke is another trusted brand name for automotive services. The Meineke name is recognized by more than 92% of Americans and has been a strong presence in the market for more than 30 years.

Meineke is a growth-focused business with a comprehensive advertising program and a nationally recognized spokesperson.

To buy a Meineke franchise, you will need to invest a total amount of $190,000 to $350,000 and have a net worth of $150,000. You will pay a franchise fee of $30,000 and will need a minimum of $60,000 in liquid capital. There will be a 3% to 7% royalty fee and 8% advertising fee.

Field training, central data processing and central purchasing are included in the fees.