Meineke Car Care Center

Meineke Car Care Center is a full service automotive maintenance and repair franchise. Meineke combines massive marketing and unparalleled brand reputation with a proven business system to attract and keep customers. The automotive repair industry is growing. Nearly $280 billion have been spent in 2009 on auto repairs in North America with a projected increase of 4.5% for 2010. Consumers continue to keep their vehicles on the road longer, and these vehicles needs more maintenance. In 2008 the average age of vehicles reached 9.4 years old.

Background

Year Established: 1972
Year First Franchised: 1972
Franchised Units: 923 worldwide
Company Owned Units: 9
Projected New Units (12 months): 45
States/Countries Registered In: All US States
Availability in Canada: Masters / Area Developer – Single and multiple units available in Canada

Financial / Terms

Cash Investment: $75000
Minimum Investment: $167214
Minimum Net Worth: $150000
Franchise Fee: $30000
Discounts: * Vet Fran
Royalty: 5%
Ad: 8%
Average # of Employees: Varies, usually between 3-5 technicians
Passive Ownership Allowed: No
Earnings Claims: Yes

International Expansion
International Expansion Opportunities: Yes
Countries outside the U.S. where the concept plans to expand: Brazil, Central America, Ireland, Spain, Portugal, China, Taiwan, Singapore, Philippines, Eastern Europe, Mid East,
Single Unit Availability Outside U.S.: No
Multiple Unit Availability Outside U.S.: Yes
Area Development or Master Avail.: Yes
Cash Investment: Inquire with Corporate
Total Investment: Inquire with Corporate
Required Liquidity/Cash Investment: +$1m
Net Worth Requirement: +$10m

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