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PAINT MEDIC is an automotive paint touch-up company. Our franchisees and their technicians can quickly, cost-effectively and permanently repair stone chips, scratches, plastic bumper scuffs and other minor paint blemishes. We service new and used car dealerships, rental car agencies, fleet companies and retail consumers. PAINT MEDIC operates from both fixed location retail facilities, as well as on a mobile basis. PAINT MEDIC is ideally suited for someone who loves cars and wants to be his own boss.
Franchisor Background
Year Established: 1990
Franchising Since: 1995
Operating Units: |
| Franchised Units: | 22 | | 91.7% | | |
| Company-Owned Units: | 2 | | 8.3% | | |
| | ______ | | _____ | | |
| Total Operating Units: | 24 | | 100% | | |
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Geographic Distribution: |
| U.S.: | 2 | | 8.3% | | In 2 States |
| Canada: | 22 | | 91.7% | | In 3 Canadian Provinces |
| International: | 0 | | 0% | | In 0 Foreign Countries |
| | ______ | | _____ | | |
| Total: | 24 | | 100% | | |
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North America: |
| States/Provinces with the largest number of operating units: |
| Density | Units | | | | |
| 1. Ontario | 20 | | 2. New York | 1 |
Registered in Following Registration States:
Financial Requirements
Investment: |
| Minimum Net Worth: | $50K |
| Cash Investment: | $30-60K |
| Total Investment: | $30-60K |
| Average Total Investment: | $45K |
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Fees: |
| Initial Franchise Fee: | $25-50K |
| Average Franchise Fee: | $38K |
| On-Going Royalty: | 5%/$500 |
| Average Royalty: | 5% |
| Advertising Fee: | NA |
Average Number of Employees: 3-4 Full-time, 1-2 Part-time
Space Needs (in square footage): N/A
Preferred Sites: Free-standing Building
Other Sites:
Encourage Conversions? Not Applicable
Earnings Claims Provided? No
Listed in the SBA Registry? No
Support and Training
| International Franchise Association: | No |
| Canadian Franchise Association: | No |
| Franchisee Association/Member: | No |
| Size of Corporate Staff: | 7 |
| Site Selection Assistance? | Yes |
| Lease Negotiation Assistance? | Yes |
| Financial Assistance? | No |
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Marketing Support: |
| Co-Op Advertising: | No |
| National Advertising: | No |
| Regional Advertising: | No |
| Local Advertising: | No |
| Marketing Materials: | None Specified |
| Additional Services: | None Specified |
| Other Marketing Support: | None Specified |
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On-Going Support: |
| Central Data Processing: | Not Applicable |
| Central Purchasing: | Included in Fees |
| Field Operation Evaluation: | Included in Fees |
| Field Training: | Included in Fees |
| Initial Store Opening: | Not Applicable |
| Inventory Control: | Not Applicable |
| Franchisee Newsletter: | Included in Fees |
| Regional or National Meetings: | At Additional Cost |
| 800 Telephone Hotline: | Included in Fees |
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Training: |
| 1. Buffalo, NY | 3 Weeks | | 2. Territory | 1 Week |
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Franchisee Qualifications
| Ranked from 1 (unimportant) to 5 (important): |
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| Financial Net Worth: | 4 |
| General Business Experience: | 4 |
| Specific Industry Experience: | 2 |
| Formal Education: | 3 |
| Psychological Profile: | 4 |
| Personal Interview(s): | 3 |
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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: | 10.10 Year(s) |
| Term of Renewal Period: | Year(s) |
| Passive Ownership: | Not Allowed |
| Area Development Agreements? | Yes, for 1 Year(s) |
| Sub-Franchising Contracts? | No |
| Franchisees Allowed to Expand Within Territory? | Yes |
Expansion Plans
Projected New Units Over Next 12 months: 12
| U.S.: | Yes, Focusing on NE |
| Canada: | Yes, All Canada |
| Overseas: | Yes, Master Franchises |
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