1/10

Franchimp Summary Rating

1 /10
Higher than 97% of peers

Franchise Summary

Description
We offer to you the right to operate a business offering professional evaluation and inspection of all types of automobiles, watercraft and/or motorcycles for the purpose of financing, insurance and other requirements as needed by owners, under the name “Auto Appraisal Network.”
Company Background
Auto Appraisal Network is a company that offers professional inspection and evaluation of all types of automobiles, watercraft and/or motorcycles for the purpose of financing, insurance and other requirements as needed by owners. The company name is Auto Appraisal Network.
Franchise Opportunity
It is becoming increasingly difficult to get an accurate estimate of a car's value. Whether you're looking to buy or sell a car, getting an accurate estimate of its value is critical. Too often, people rely on inaccurate sources or outdated methods to appraise their car, resulting in them either overpaying or underselling. Auto Appraisal Network offers a professional and reliable appraisal service that uses the latest technology and market data to give you an accurate estimate of your car's value. We understand the importance of getting this right, so we offer a 100% money-back satisfaction guarantee on all our services.
Corporate Structure
To simplify the language in this Franchise Disclosure Document “we,” “our,” “us” and “AAN,” means Auto Appraisal Network, Inc., the Franchisor. "You" means the person, corporation, partnership or other entity who buys the franchise, the Franchisee. If a corporation, partnership or other entity is the Franchisee, "You" includes the Franchisee's owners. AAN is a California corporation that was incorporated on August 28, 2006 as an “S” corporation for the primary purpose of offering and supporting franchisees of AAN. Our principal business address is 23986 Aliso Creek Rd Ste. 204 Laguna Niguel, Ca 92677
Investment and Franchisee Fees
The total investment necessary to begin operation of an Auto Appraisal franchise is currently $16,700 for a low and $44,275 for a high. This includes $12,000 to $20,000 that must be paid to us or our affiliates. The total investment necessary to begin operation of an Auto Appraisal Area Developer Agreement Franchise is currently $21,700 for a low and $49,275 for a high. This includes $5,000 per additional territory that must be paid to us or our affiliates.

Employee Contact Database

# Name Position Phone Number Email Address

Distribution of Auto Appraisal Network Franchisees

Auto Appraisal Network Franchise System Development in 2020

FAQ

How much investment do I need to start my own Auto Appraisal Network business?
Franchisees typically require at least $16 to $49 investment to get their Auto Appraisal Network business started
What are the initial franchise fees for Auto Appraisal Network?
Franchisees typically need to pay at least $12 in fees directly to Auto Appraisal Network in order to earn the right to launch their business
How much money can I make with a Auto Appraisal Network franchise? What are the average revenues for a typical Auto Appraisal Network business?
We haven’t done the math on how much revenue a typical Auto Appraisal Network brings in each year. We estimate that other franchisees in the Auto & Travel industry generate $1,267,503 revenue, so we would expect Auto Appraisal Network to generate a similar amount
How long do I need to commit to running a Auto Appraisal Network unit? What is my contractual commitment?
Auto Appraisal Network franchisees are typically required to sign up to a 5 year contract initially. The renewal length is 5 years. You can of course exit early but don’t expect to get any refund!

Accessibility

1 /10
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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