Lee Myles Transmissions & Autocare
Lee Myles Transmissions & Autocare
650 From Rd., S. Lobby, 4th Fl.
Paramus, NJ 07652
800#: (800) 533-6953
Tel: (201) 262-0555
Fax: (201) 262-5177
E-Mail: [email protected]
Web Site: www.leemyles.com
Contact: Mr. Sal Gargone, Franchise Development
We offer and support franchises for LEE MYLES TRANSMISSIONS & AUTOCARE businesses that provide servicing, repair and replacements of standard and automatic transmission, as well as preventative maintenance and specialty general automotive repair and related services and products.
Franchisor Background
Established: 1947
First Franchise: 1964
Franchise Units: 95
Company-Owned Units: 0
Total Units: 95
Distribution:
U.S. -- 95;
Canada -- 0;
International -- 0
-North America -- Operations in 17 States
-States/Provinces with Greatest Density: 25 in NY, 12 in NJ, 12 in AZ
Projected New Units Over Next 12 months: 22
Franchisee Qualifications: 4, 4, 4, 5, 5, 5
(Click here for an explanation)
Registered in Following Registration States: CA,FL,IL,IN,MD,MI,MN,ND,NY,OR,RI,SD,VA,WA,WI,DC (Click here for an explanation)
Average Number of Employees: 4 FT (FT = Full Time, PT = Part Time)
Space Needs: 2,500 - 3,000 SF; FS, SC, Auto Mall
(Click here for abbreviations)
Encourage Conversion: Yes
Financial Requirements
Cash Investment: $70-90K
Total Investment: $177-206K
Average Total Investment: $191.5K
Minimum Net Worth: $250K
Fees:
-Franchise: $30K
-Average Franchise Fee: $30.0K
-Royalty: 7%
-Average Royalty: 7.0%
-Advertising: Varies
Provide Earning Claim Statement: Yes
Terms of Contract
Term of Contract (Years): 15/15
Passive Ownership: Not Allowed
Area Development Agreements: Yes/15
Sub-Franchising Contracts: No
Expand In Territory: Yes
Franchisor Support and Training Provided
Site Selection Assistance: Yes
Lease Negotiation Assistance: Yes
Financial Assistance: Yes(I)
Cooperative Advertising: Yes
International Franchise Association:
Canadian Franchise Association:
Franchisee Association / Member: No
Size Of Corporate Staff: 15
On-Going Support: C,D,E,G,H,I (Click here for an explanation)
Training: 1-2 Weeks Corporate Office; 1 Week In-Store Training.
Franchisor's Specific Expansion Plans
U.S.: All US Exc. AK and HI
Canada: All Canada
Overseas: No
Note: NR = No Response by Franchisor.
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