Is AAMCO a franchise? How much does a AAMCO franchise cost? Do you need info on AAMCO franchise price and fee to open one?
Are you interested in joining a franchise? Are you aware of AAMCO franchise? Do you want to know more about it? Then you can get more details of the franchise by reading the post further. Here, I will be talking about a franchise known as AAMCO Franchise; it is a franchise that basically has to do with vehicle repairs.
I will be talking about it’s history, how it was founded, who founded it, the startup cost required for those that wants to become franchisees of AAMCO franchise, the veteran incentives, the financing options, the royalty fee and so on.
ABOUT AAMCO FRACNHISE
AAMCO franchise was founded in 1962 by Robert Morgan and Anthony A. Martino and since then has been the worldwide leader in transmission repairs. The marketing research done has shown that 73% of people recognize AAMCO as the leading brand for transmission repairs.
In the 2000s, the company diversified their business model by launching the ‘Total Car Care’ program which has helped in expanding the revenue of the franchise.
The corporate address is 201 Gibraltar Rd. Horsham, PA 19044. The Chief Executive Officer(CEO) of the company is Brett Ponton and the parent company is American Driveline Systems Inc.
The first AAMCO was established by Robert Morgan in 1963 in Philadelphia which started expanding in November of the same year. Presently, the company has more than hundreds AAMCO stores in the United States and Canada.
AAMCO has been franchising for fifty-four (54) years. The franchise allows absentee ownership and requires 5 employees to run each franchise. It has franchises in about six hundred (600) locations and has its headquarters in Horsham, Pennsylvania in the United States of America.
AAMCO franchise has been an iconic brand for more than fifty (50) years. Martino later ended his affiliation with AAMCO and left Morgan to it, Morgan became the CEO of AAMCO and was later succeeded by his son, Keith. Martino left AAMCO then to manage MAACO auto body shop franchise. The franchise is a privately owned company which offers car care and transmission as its products.
AAMCO FRACNHISE FEE
Every franchise system has its own financial requirements because it is impossible to join a franchise system without paying a dime. Therefore, the initial franchise fee of AAMCO franchise is $39,500 while the liquid cash required is $65,000.
The net worth requirement for AAMCO franchise is $250,000 and the initial investment ranges between $227,400 – $333,000.
AAMCO FRANCHISE ONGOING ROYALTY FEE
The ongoing royalty fee for the franchise is 7.5% while the ad royalty fee varies.
AAMCO FRANCHISE VETERAN INCENTIVES
The franchise offers $8,000 off franchise fee as veteran incentive.
AAMCO FRANCHISE FINANCING OPTIONS
The financing options is in conjunction with Total Car Care which provides financing to cover franchise fee, payroll, equipment, inventory, startup costs, and accounts receivable through third party.
AAMCO FRANCHISE TRAINING AND SUPPORT
AAMCO Franchise is known for the 100% support it gives to franchisees at all times. It does not stop supporting franchisees even after the store is up and running, it gives both technical and operational support to franchisees to avoid serious mistakes and guide you well.
The franchise gives five (5) days onsite training to franchisees and also provides fourteen (14) days training at the headquarters. AAMCO franchise also gives additional training at corporate training facility, franchisees’ location and online.
AAMCO franchise also provide certain things to support franchisees which are:
The franchise also supports franchisees by giving them ongoing support through toll free line, meetings, grand openings, newsletters, security, internet, and field operations. The franchise also uses ad slicks and regional media for marketing support.
AAMCO FARNCHISE IDEAL CANDIDATE
The franchise also has requirements which franchisees must meet before they can even think of joining the franchise system. These requirements are:
It is important to note that it is not compulsory for franchisees to have previous automotive experience.
WHY AAMCO FRANCHISE?
You might be questioning yourself about the reason why you should choose AAMCO franchise as the one to join and I feel this should be able to answer your questions. You should choose AAMCO franchise because it is one of the best and leading companies in its industry and it has a very strong business model
The franchise also gives opportunity to franchisees to make their lives better and have a secured future for their family. The following are also reasons why you should join AAMCO franchise:
HOW DO I JOIN AAMCO FRANCHISE?
After reading through all the information provided above and you feel that AAMCO franchise is the best choice for you, you can proceed to join by visiting the website www.aamco.com to fill the required form.