Meineke Car Care Center
Auto & Travel AutomotiveCompany Information
Address
440 S. Church St., #700 Charlotte, NC 28202
Website
Tel
Email
Franchimp Summary Rating
Higher than 78% of peers
Higher than 97% of peers
Franchise Summary
Description
The franchise is for the operation of a Meineke automotive maintenance and repair center, specializing in servicing exhaust system components, brake system components and providing certain other automotive maintenance and repair services.
Company Background
Meineke Car Care Center is the leading automotive service and repair franchise. We're for people who want to own their own business and grow with us, but we're also for those who just need a job and the opportunity to provide for their family. With over 1,200 locations nationwide, Meineke Car Care Centers are where customers come first! Our stores combine fast-paced work environments with an entrepreneurial spirit that will get you on your way to success.
Franchise Opportunity
Owning and operating a car can be expensive, especially when you have to take it in for repairs. Not only are car repairs expensive, but they're often inconvenient too. You have to take time out of your busy day to drop off and pick up your car, and then you have to wait around for it to be serviced. Meineke Car Care Centers offer a convenient alternative. We're open evenings and weekends, we offer free shuttle service, and we even do online appointments so you can get your repair work done without having to leave the house.
Corporate Structure
Meineke Car Care Centers, LLC, has offered franchises since September 1972, and, through their wholly-owned subsidiary, Forward Development, LLC, own and operate Meineke centers and has done so since its inception in March 1991. Meineke was originally incorporated in Texas in 1972, and then merged into a North Carolina Corporation in May 1988. In February 2003, they changed their corporate name to Meineke Car Care Centers, Inc. In January 2013, Meineke converted from a corporation to a limited liability company and changed their name to Meineke Car Care Centers, LLC.
Investment and Franchisee Fees
The total investment necessary to begin operation of a Meineke franchise ranges from $173,450.61 to $452,405.40. This includes $12,995 to $34,995 that must be paid to the franchisor or affiliate.
Franchisee Attrition
This franchise's rate of attrition in 2016
of 8.25%
was
Slightly Higher
than the 5% in the Automotive industry. Generally speaking, a higher rate of attrition represents a less stable franchise system and a lower rate of attrition indicates a more successful system
What's Included in franchise attrition?
We define the franchisee attrition rate as the sum of terminations, re-acquisitions by
franchisor, non-renewals, and ceased operations, divided by the number of outlest at the start of the year.
It is a strong indicator of the strength of the underlying operating model
Employee Contact Database
| # | Name | Position | Phone Number | Email Address |
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Distribution of Meineke Car Care Center Franchisees
Meineke Car Care Center Franchise System Development in 2017
FAQ
How much investment do I need to start my own Meineke Car Care Center business?
Franchisees typically require at least $122 to $572 investment to get their Meineke Car Care Center business started
What are the initial franchise fees for Meineke Car Care Center?
Franchisees typically need to pay at least $27 in fees directly to Meineke Car Care Center in order to earn the right to launch their business
How much money can I make with a Meineke Car Care Center franchise? What are
the average revenues for a typical Meineke Car Care Center business?
We haven’t done the math on how much revenue a typical
Meineke Car Care Center brings in each year. We estimate that other
franchisees in the Auto & Travel industry generate
$1,267,503 revenue, so we would expect
Meineke Car Care Center to generate a similar amount
How long do I need to commit to running a Meineke Car Care Center unit? What
is my contractual commitment?
Meineke Car Care Center franchisees are typically required to sign up to a
15 year contract initially. The renewal length
is 15 years. You can of course exit early but
don’t expect to get any refund!
Accessibility
The Franchisor's investment costs ranges from
$356,500 to $6,524,200
which is
Much Higher
than the $0 to $0 average in the Automotive industry
What determines the investment cost?
Item 7 of the Franchise Disclosure Document lays out the full list of initial investment costs, including the fee payable to the franchisor, security deposits, equipment, professional fees etc
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