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Auto accidents seem to happen every minute, but they can be fixed just as quickly with the help of excellent car care. Because they provide essential service, automotive franchises are here to stay. Here are the top five auto repair and maintenance franchises to consider buying into to get your business career in full gear:
Batteries Plus Bulbs offers an impressive selection of batteries, light bulbs, and associated products and services. Listed on Entrepreneur Magazine’s Franchise 500 for 17 straight years, Batteries Plus Bulbs is also recognized by Forbes Magazine as the #4 franchise for mid-range investment in America. The franchise fee is $37,000 and the total investment ranges from $208,450 to $385,750. A net worth of $350,000 and $100,000 in liquid assets are required. The term of franchise agreement is 10 years with an ongoing royalty fee of 5 percent. All of the current franchisees are owner/operators and can run the franchise from home.
Glass Doctor provides not only automotive, but residential and commercial glass repair and replacement. Glass Doctor has nearly 40 years of franchising experience and is looking to expand more within North America and start up in Europe. With an initial franchise fee of $28,000, the total investment falls between $108,800 and $289,000. The term of franchise agreement is 10 years and renewable with an ongoing royalty fee of 5-7 percent. Glass Doctor requires a net worth of $50,000 and $45,000 – $50,000 in available liquid cash.
Maaco Franchising Inc. has been ranked in Entrepreneur Magazine’s Franchise 500 for five consecutive years, as it is a leader in the automotive paint and collision repair industry. The total investment for opening a franchise of “America’s Bodyshop” varies between $364,054 and $471,054. The franchise fee is $35,000 and the ongoing royalty fee is 8 percent. To financially qualify as a franchisee, a net worth of $300,000 and $90,000 in liquid assets are required. All current franchisees are owner/operators, however Maaco does not permit absentee ownership.
Meineke Car Care Centers is an automotive franchise specializing in exhaust, brake, oil and lube service as well as other maintenance such as front-end alignment. This company has consistently appeared in America’s Top Global franchise list and was most recently named #52 in Entrepreneur’s Franchise 500. The initial fee is $30,000 and the total investment tops out between $173,450 and $452,405. Meineke’s ongoing royalty fee is 3-8 percent and the term of franchise agreement is 15 years. This company also requires a net worth of $200,000 and $75,000 of liquid cash. Unlike most franchises on this list, Meineke allows absentee ownership.
Ziebart offers many automotive services and products, from detailing and window tinting to glass repair and vehicle accessories. Founded by a German mechanic over 50 years ago, Ziebart currently has 77 U.S. locations, 84 Canadian, and 200 international. The total investment for starting a Ziebart franchise ranges from $331,000 to $1,720,000. The franchise fee is $30,000, but the fee is waived for veterans. Ziebart charges 5-8 percent as an ongoing royalty fee and requires franchisees to have a net worth of $250,000 and $100,000 in available liquid assets.
By Erin Cizek