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MEINEKE has been offering superior automotive repair services at discount prices for over 30 years. We are a nationally-recognized brand with a proven system. Brand recognition, comprehensive training and on-going technical and operational support are some of the benefits enjoyed by MEINEKE franchisees.
Franchisor Background
Year Established: 1972
Franchising Since: 1972
Operating Units: |
| Franchised Units: | 901 | | 98.8% | | |
| Company-Owned Units: | 11 | | 1.2% | | |
| | ______ | | _____ | | |
| Total Operating Units: | 912 | | 100% | | |
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Geographic Distribution: |
| U.S.: | 852 | | 95.9% | | In 49 States |
| Canada: | 18 | | 2% | | In 5 Canadian Provinces |
| International: | 18 | | 2% | | In 5 Foreign Countries |
| | ______ | | _____ | | |
| Total: | 888 | | 100% | | |
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North America: |
| States/Provinces with the largest number of operating units: |
| Density | Units | | | | |
| 1. New York | 69 | | 2. Pennsylvania | 57 | | 3. Texas | 56 |
Registered in Following Registration States: California, Florida, Hawaii, Illinois, Indiana, Maryland, Michigan, Minnesota, New York, North Dakota, Oregon, Rhode Island, South Dakota, Virginia, Washington, Wisconsin, District Of Columbia
Financial Requirements
Investment: |
| Minimum Net Worth: | $150K |
| Cash Investment: | $60K |
| Total Investment: | $182.8K-426.8K |
| Average Total Investment: | $271K |
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Fees: |
| Initial Franchise Fee: | $30K |
| Average Franchise Fee: | $30K |
| On-Going Royalty: | 3-7% |
| Average Royalty: | 5% |
| Advertising Fee: | 8% |
Average Number of Employees: 4 Full-time, 0 Part-time
Space Needs (in square footage): 2,880-3,880
Preferred Sites: Free-standing Building
Other Sites:
Encourage Conversions? Yes
Earnings Claims Provided? Yes
Listed in the SBA Registry? No
Support and Training
| International Franchise Association: | Yes |
| Canadian Franchise Association: | Yes |
| Franchisee Association/Member: | Yes, Member |
| Size of Corporate Staff: | 110 |
| Site Selection Assistance? | Yes |
| Lease Negotiation Assistance? | Yes |
| Financial Assistance? | Yes, Indirect |
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Marketing Support: |
| Co-Op Advertising: | No |
| National Advertising: | Yes |
| Regional Advertising: | Yes |
| Local Advertising: | Yes |
| Marketing Materials: | Ad Slicks, Brochures, Catalogs, Coupons/rebates, Direct Mailers, Emails, Promotional Items, Radio Ads, Site Signs, Television Ads |
| Additional Services: | Grand Opening, Marketing Research, Newsletter, Online Extranet, Press Releases, Sales Strategies |
| Other Marketing Support: | yellow pages advertising |
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On-Going Support: |
| Central Data Processing: | Included in Fees |
| Central Purchasing: | Included in Fees |
| Field Operation Evaluation: | Included in Fees |
| Field Training: | Included in Fees |
| Initial Store Opening: | Included in Fees |
| Inventory Control: | Not Applicable |
| Franchisee Newsletter: | Included in Fees |
| Regional or National Meetings: | Included in Fees |
| 800 Telephone Hotline: | Included in Fees |
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Training: |
| 1. Charlotte, NC | 4 Weeks |
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Franchisee Qualifications
| Ranked from 1 (unimportant) to 5 (important): |
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| Financial Net Worth: | 4 |
| General Business Experience: | 3 |
| Specific Industry Experience: | 3 |
| Formal Education: | 2 |
| Psychological Profile: | 2 |
| Personal Interview(s): | 5 |
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Minority Representation
Units Owned by Minorities: |
| African-American: | N/A |
| Asian-American: | N/A |
| Hispanic: | N/A |
| Native American: | N/A |
| Other: | N/A |
| Specific Minority: | Although we strongly support the objectives of the NMFI, we do not yet have any specific programs in place at this time. |
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Terms of Contract
| Term of Initial Contract: | 15 Year(s) |
| Term of Renewal Period: | 15 Year(s) |
| Passive Ownership: | Not Allowed |
| Area Development Agreements? | Yes, for 0 Year(s) |
| Sub-Franchising Contracts? | No |
| Franchisees Allowed to Expand Within Territory? | Yes |
Expansion Plans
Projected New Units Over Next 12 months: 69
| U.S.: | Yes, All United States |
| Canada: | Yes, All Canada |
| Overseas: | Yes, All Countries |
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