Meineke

Overview

Website: www.meinekefranchise.com

Franchise Fee: $45,000

Royalties: 5%

Cash Investment: $125,000

Total Investment: $206,774 - $561,688

Net Worth: $500,000

VetFran: Yes

SBA Approved: Yes

Master Franchise / Area Developer Opportunity: No

Additional Details

When you join the Meineke franchise network, you automatically inherit a recession-resistant business system with over 48 years of experience under its belt. No automotive experience is needed, as we offer knowledge and experience on business plans, management techniques and repair best practices – everything you need to become a successful multi-unit Meineke owner.
Immediate Brand Name Recognition
7 out of 10 Americans know our brand and we have more than 1 million members enrolled in our customer loyalty program.
Economies of Scale
Increased marketing and purchasing power backed by our holistic marketing playbook.
Data Driven Business Playbook
Using statistics to drive top line sales and corporate coaching to drive and enable multi-unit ownership.
Sophisticated Multi-Unit Program
We help our owners expand and grow via our cloud-based management dashboards that allow our owners to manage locations without being present. This is a manage the manger model and a highly scalable business model.
Advanced Acquisition Model
Our team can help Franchisees identify, validate, and convert independent existing automotive shops into Meineke Franchise locations.
OUR IDEAL FRANCHISEE
Process-driven (e.g., engineers, military,
law enforcement, sales, etc.)
Leadership, teambuilding,
community-focused, service minded
Charitable, community leaders
P&L management, direct reports,
team leadership, sales process knowledge
AVAILABLE MARKETS
US markets available: All except noted below
HOT Regions/Desirable: All
NOT available: None
Available in Canada: Yes
International Referrals: No
BACKGROUND
Established: 1972
First Unit Franchised: 1972
Franchised Units: 800
Company Owned Units: 0
Home Based: No
Absentee ownership available: Yes
Master Franchise Opportunities: No
E2 Visa Friendly: YES
FINANCIAL DETAILS
Franchise Fee: $45,000
Providing earnings guidance in Item 19 in FDD: Yes
Total Investment: $206,774 - $561,688
Minimum Net Worth: $500,000
Royalty: 5%
Ad: 8%
VetFran program: YES
SUPPORT & TRAINING PROVIDED:
Training and support program details:
Meineke training includes a 10 day comprehensive course in Charlotte, NC. Paid training, hotel and airfare for two people, who originally sign the franchise agreement, is included in the initial license fee.
Cost for Training: $0
Lodging and airfare included: Yes
Site Selection Assistance: Yes
Lease Negotiation Assistance: Yes
Mentor following training: Yes
Length of mentoring Franchisee: Ongoing

Why Meineke?

Our Ideal Franchisee

Available Markets

Background

Year founded: 1972

Year Franchised: 1972

Home Based: No

Financial Details

Franchise Fee:$45,000
Providing Earnings Guidance in Item 19 in FDD:Yes
Total Investment Range: Single Unit: $206,774 - $561,688
Net Worth Requirement:$500,000
Royalty:5%
VetFran Program:Yes

Available Resales

There are currently no resales listed for this franchise.

Support & Training Provided

Training and support program details: