Franchimp Summary Rating
Higher than 62% of peers
Lower than 50% of peers
Franchise Summary
Description
Tuffy Auto Service Centers is a prominent franchise in the automotive service industry, established in 1970, offering a wide range of repair and maintenance services for both domestic and foreign vehicles. With a focus on customer satisfaction, extensive franchise support, and community involvement, Tuffy has built a strong reputation and numerous locations across the United States.
Corporate Structure
We are a Delaware corporation, incorporated on June 11, 1991. Effective April 1, 2016, we acquired substantially all of our assets, including the Tuffy trademarks and franchise agreements, from Tuffy Associates Corp. We had some assets but we were not actively operating before the acquisition. We do business as T.A.C., Tuffy, Tuffy Tire & Auto Service, Tuffy Auto Service Centers, and Tuffy Service Centers. Our principal business address is 7150 Granite Circle, Toledo, Ohio 43617. Our agents for service of process are disclosed in Exhibit B.
Earnings Transparency
This Franchise discloses slightly more information about the financial performance of their franchisees compared to other franchises in the same industry
Why do some franchises disclose more than others?
There are many reasons why a brand may choose to not include item 19 on their FDD: they could be a newer franchise, they may be in a unique industry that is not super profitable or well-known yet
Financial Performance of "Standard" Units
Average Revenue Per Unit
Compared vs. Automotive Industry$1,024,549 / unit
Franchise Type: Standard
Average Revenue During 2019
Franchisee Attrition
This franchise's rate of attrition in 2020
of 5.30%
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
Franchise Types Available
| # | Type | Investment | Fees |
|---|
Tuffy Auto Service Centers Franchise System Development in 2020
FAQ
How much investment do I need to start my own Tuffy Auto Service Centers business?
Franchisees typically require at least $229 to $728 investment to get their Tuffy Auto Service Centers business started
What are the initial franchise fees for Tuffy Auto Service Centers?
Franchisees typically need to pay at least $40 in fees directly to Tuffy Auto Service Centers in order to earn the right to launch their business
How much money can I make with a Tuffy Auto Service Centers franchise? What are
the average revenues for a typical Tuffy Auto Service Centers business?
We estimate that the average revenue of an individual
Tuffy Auto Service Centers unit is approximately
$1,024,549. We based this on Item 19 in franchise disclosure
document
How long do I need to commit to running a Tuffy Auto Service Centers unit? What
is my contractual commitment?
The standard length for an initial franchise contract is 10 years. Renewals are
also generally 10 years
Accessibility
The Franchisor's investment costs ranges from
$229,000 to $728,500
which is
Much Lower
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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