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Honest-1 Auto Care LLC

2014 Franchise 500
#355
At a Glance

Products & Services: Auto repair and maintenance

Number of Locations: 41

Total Investment: $169.97K - $457.97K

Founded: 2003

Began Franchising: 2003

About Honest-1 Auto Care LLC

Founded in 2003, Scottsdale, Arizona-based Honest-1 Auto Care offers automotive repair and maintenance services, including oil changes, brake repair, tune-ups, transmission repair and preventative maintenance.

Franchise Units

Year U.S. Canadian International Company Owned
2014 41 0 0 0
2013 32 0 0 0
2012 29 0 0 0
2011 23 0 0 0
2010 23 0 0 0
Where Seeking Franchisees: Franchisor is seeking new franchise units throughout the U.S.
Direct Capital

Startup Costs, Ongoing Fees and Financing

Total Investment: $169,975 - $457,975
Franchise Fee: $35,000
Ongoing Royalty Fee: 6%
Term of Franchise Agreement: 20 years, renewable
Veteran Incentives: $5,000 off franchise fee
Financial Requirements
Net Worth: $500,000
Liquid Cash Available: $150,000
Operations
17% of all franchisees own more than one unit. Number of employees needed to run franchised unit: 5 - 6. Absentee ownership of franchise is NOT allowed. (100% of current franchisees are owner/operators).
Direct Capital
Financing Type In-House Third Party
Franchise Fee
Startup Costs
Equipment
Inventory
Accounts Receivable
Payroll

How This Franchise Supports Franchisees

Training: Available at headquarters: 2 weeks. At franchisee's location: 1 week. Ongoing training
Ongoing Support: Newsletter, Meetings, Toll-free phone line, Grand opening, Internet, Security/safety procedures, Field operations/evaluations, Lease Negotiation
Marketing Support: Co-op advertising, Ad slicks,

Franchise Ranking History

Franchise 500®: #355 (2014), #321 (2013), #338 (2011), #373 (2010),

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