Franchises /Automotive /Vinyl Repair

Dr. Vinyl & Associates Ltd.

At a Glance

Products & Services: Automotive Interior repair

Number of Locations: 262

Total Investment: $55.8K - 85.95K

Founded: 1972

Began Franchising: 1981

Private Owned

About Dr. Vinyl & Associates Ltd.

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.

Franchise Units

Year	U.S.	Canadian	International	Company Owned
2008	190	0	68	4

Where Seeking Franchisees: Franchisor is seeking new franchise units worldwide.

Startup Costs, Ongoing Fees and Financing

Total Investment: $55,800 - $85,950
Franchise Fee: $38,950
Ongoing Royalty Fee: 7%
Term of Franchise Agreement: 10 years, renewable

Financial Requirements

Net Worth: $50,000
Liquid Cash Available: $15,000

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).