More in Franchising:Franchises Automotive Vinyl Repair

Dr. Vinyl & Associates Ltd.

Automotive Interior repair

Background

Founded: 1972 Franchising since: 1981
Former aerospace employee W. David Isley founded Dr. Vinyl in 1972 in Kansas City, Missouri. He and his wife, Marcia, worked with local restaurants, repairing torn, burnt, chipped and peeling vinyl booths and chairs, but soon discovered there were many similar repairs to be done at car dealerships. The couple did repairs for clients in the Kansas City area until 1981, when they began franchising.

Dr. Vinyl franchisees offers bumper repair, automotive paint touch-up, paintless dent removal, and vinyl siding repair in addition to the leather and vinyl repairs the Isleys introduced 28 years ago.

In January of 2001, Dr. Vinyl was sold to Richard Reinders, formerly the company's European Master Franchisee. It now allows franchisees to purchase shares in the parent company.

P.O. Box 770
Lee's Summit, MO 64064
Phone:
(800)531-6600


Franchisor is a privately-held company with 14 employee(s); 9 employee(s) in franchise department.

Franchise Growth
Year U.S. Franchises Canadian Franchises Foreign Franchises Company Owned
2008 190 0 68 4
2007 194 0 68 4
2006 229 0 70 4
2005 227 0 62 5

Where Seeking Franchisees
In the U.S. Alaska, Alabama, Arkansas, Arizona, California, Colorado, Connecticut, Delaware, Florida, Georgia, Hawaii, Iowa, Idaho, Illinois, Indiana, Kansas, Kentucky, Louisiana, Massachusetts, Maryland, Maine, Michigan, Minnesota, Missouri, Mississippi, Montana, Nebraska, North carolina, North dakota, New hampshire, New jersey, New mexico, Nevada, New york, Ohio, Oklahoma, Oregon, Pennsylvania, Rhode island, South carolina, South dakota, Tennessee, Texas, United states, Utah, Virginia, Vermont, Washington, Wisconsin, West virginia, Wyoming
Worldwide

Exclusive territories available.
Territory size: 200,000 population

Costs and Fees

Total investment: $55.8K-85.95K
Franchise fee: $38.95K+
Ongoing royalty fee: 7%
Term of agreement: 10 years, renewable


Type of Financing Available
In-House Third Party
Franchise Fee Yes No
Startup Costs No No
Equipment No No
Inventory No No
Accounts Receivable No No
Payroll No No

Qualifications
Net worth requirement: $50K
Cash liquidity requirement: $15K
Business Experience:
  • General business experience
  • Marketing skills

Operations
  • Franchise can be run from home
  • 10% of all franchisees own more than one unit
  • Number of employees needed to run franchised unit: 1
  • Absentee ownership of franchise is NOT allowed. (99% of current franchisees are owner/operators)

Training and Support

Training
  • Available at headquarters: 2 weeks
  • At franchisee's location: 2 weeks
  • At corporate or in-field location : As needed

Ongoing Support
  • Newsletter
  • Meetings
  • Toll-free phone line
  • Grand opening
  • Internet
  • Field operations/evaluations
  • Purchasing cooperatives

Marketing Support
  • Co-op advertising
  • Ad slicks
  • National media

Rankings

Franchise 500® rank:
#275 (2009); #424 (2008); #230 (2007); #212 (2006); #385 (2005);

Ranked #1 in category in:
2008; 2007; 2006;

Low-Cost Franchises:
#56 (2007); #48 (2006); #109 (2005);

Top Home Based Franchises:
#74 (2009); #63 (2007); #56 (2006);

America's Top Global Franchises:
#142 (2007); #145 (2006);


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