Lee Myles Transmissions & AutoCare
At a Glance
Products & Services: Automotive services & repairs
Number of Locations: 65
Total Investment: $76K - 218.7K
Founded: 1947
Began Franchising: 1964
Private Owned
About Lee Myles Transmissions & AutoCare
Lee Myles was a musician and automobile technician in the 1930s and '40s when he heard about problems with the "new" automatic transmissions. He opened his first Lee Myles Transmissions center in 1947 and began franchising in 1964. The company now has more than 85 locations throughout the United States.Franchise Units
| Year | U.S. | Canadian | International | Company Owned |
| 2008 | 65 | 0 | 0 | 0 |
Where Seeking Franchisees: Franchisor is seeking new franchise units in the following states:
Alaska, Alabama, Arkansas, Arizona, California, Colorado, Connecticut, Delaware, Florida, Georgia, 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.
Alaska, Alabama, Arkansas, Arizona, California, Colorado, Connecticut, Delaware, Florida, Georgia, 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.
Startup Costs, Ongoing Fees and Financing
Total Investment: $76,000 - $218,700
Franchise Fee: $30,000
Ongoing Royalty Fee: 7%
Term of Franchise Agreement: 15 years, renewable
Franchise Fee: $30,000
Ongoing Royalty Fee: 7%
Term of Franchise Agreement: 15 years, renewable
Financial Requirements
Net Worth: $200,000
Liquid Cash Available: $100,000
Operations
8% of all franchisees own more than one unit. Number of employees needed to run franchised unit: 4. Absentee ownership of franchise is NOT allowed. (100% of current franchisees are owner/operators).| Financing Type | In-House | Third Party |
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How This Franchise Supports Franchisees
Training: Available at headquarters: 2 weeks. At franchisee's location: 1 week.
Ongoing Support: Meetings, Toll-free phone line, Field operations/evaluations,
Marketing Support: Co-op advertising, Ad slicks, Regional advertising,
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