- Franchise 500 Rank
-
N/R Not ranked last year
- Initial investment
-
$276K - $1M
- Units as of 2023
-
414 9% over 3 years
Maaco offers auto painting and collision repairs services. The company was founded in 1972 by Anthony A. Martino, a co-founder of AAMCO Transmissions. Driven Brands later acquired the company in 2008. Maaco offers relief from dents, dings, and chips to individual vehicles and vehicle fleet operators.
Since it began, Maaco estimates that its franchisees have painted more than 16 million vehicles. Today, the franchisor has over 400 auto painting and collision repair shops in America and a handful in Canada.
Why You May Want to Start a Maaco Franchise
By opening a Maaco franchise, you can join a family of automotive painters with a dedication to the brand. Over the years, they have built a business model that maximizes their ability to help franchisees. The franchisor understands the importance of family and operates with family-oriented hours.
Maaco's proven operating systems may make opening a franchise an easier investment than you would think. The franchise is retail-oriented and doesn't necessarily require a background in the automotive industry. As you decide if opening a Maaco franchise is the best decision for you, make sure you take time to explore the opportunity. Research the brand and your local area to see if a Maaco franchise would do well in your community. While competition is healthy, too much of it may not allow for the most possible growth.
What Might Make a Maaco Franchise a Good Choice?
This automotive service company is a leader in the automotive paint and collision repair industry. Their core value of striving for excellence at competitive Maaco prices creates opportunities to gain repeat customers.
To be part of the Maaco team, you should make sure you’re financially ready for an initial investment made up of a franchise fee and other startup costs. You should also be prepared for ongoing fees that will include advertising, royalty, and potential renewal fees. Franchisees will also need to meet the company's set net worth and liquid capital requirements.
How Do You Start a Maaco Franchise?
Before deciding to open a Maaco franchise, you may want to consider speaking with an attorney or money manager to ensure that you have the financial stability necessary to open a franchise.
If Maaco seems to be the right fit for you, fill out a franchise inquiry form. Then, the brand may put you in touch with the franchisor's representative to review the franchise concept and qualifications.
If you qualify, a franchise director will be assigned to you. The director will provide you with a Franchise Disclosure Document. After reviewing and submitting the document, you will attend a discovery day at company headquarters in Charlotte, North Carolina and meet the executives. If both parties wish to enter into an agreement, you will then receive a franchise trade agreement from the brand.
Once you receive your license, an in-house real estate team will help you secure an optimal location for both you and the franchise. A designated project coordinator will provide you with training, inventory, and equipment. After this, you can open your Maaco franchise.
Company Overview
About Maaco
| Industry | Automotive |
|---|---|
| Related Categories | Automotive Appearance Services |
| Founded | 1972 |
| Parent Company | Driven Brands |
| Leadership | Jonathan Fitzpatrick, CEO |
| Corporate Address |
440 S. Church St., #700 Charlotte, NC 28202 |
| Social | Facebook, Twitter, LinkedIn, Instagram |
Business Overview
| Franchising Since | 1972 (52 years) |
|---|---|
| # of employees at HQ | 55 |
| Where seeking |
This company is offering new franchises throughout the US. |
| # of Units | 414 (as of 2023) |
|
|
|
Information for Franchisees
Here's what you need to know if you're interested in opening a Maaco franchise.
Financial Requirements & Ongoing Fees
Here's what you can expect to spend to start the business and what ongoing fees the franchisor charges throughout the life of the business.
|
Initial Franchise Fee
|
$45,000 |
|---|---|
|
Initial Investment
|
$276,000 - $1,015,500 |
|
Net Worth Requirement
|
$1,000,000 |
|
Cash Requirement
|
$420,000 |
|
Veteran Incentives
|
Royalty fee reduced to 5% for first two years of operation |
|
Royalty Fee
|
9% |
|
Ad Royalty Fee
|
$1K/wk. |
|
Term of Agreement
|
15 years |
| Is franchise term renewable? | Yes |
Financing Options
Some franchisors offer in-house financing, while others have relationships with third-party financing sources to which they refer qualified franchisees.
| Third Party Financing | Maaco has relationships with third-party sources which offer financing to cover the following: franchise fee, startup costs, equipment, inventory, accounts receivable, payroll |
|---|
Training & Support Offered
Franchisors offer initial training programs and a variety of ongoing support options to help franchisees run their businesses.
| Classroom Training | 125 hours |
|---|---|
| Ongoing Support |
Purchasing Co-ops
Newsletter
Meetings & Conventions
Toll-Free Line
Grand Opening
Online Support
Security & Safety Procedures
Lease Negotiation
Field Operations
Site Selection
Proprietary Software
Franchisee Intranet Platform
|
| Marketing Support |
Co-op Advertising
Ad Templates
National Media
Regional Advertising
Social Media
SEO
Website Development
Email Marketing
|
Operations
Additional details about running this franchise.
| Is absentee ownership allowed? | No |
|---|---|
|
Can this franchise be run from home/mobile unit?
|
No |
|
Can this franchise be run part time?
|
No |
| # of employees required to run | 7-8 |
|
Are exclusive territories available?
|
Yes |
Franchise 500 Ranking History
Compare where Maaco landed on this year's Franchise 500 Ranking versus previous years.
Sign Up for Our Franchise Newsletter
Stay up to date on the latest news and trends affecting the franchise industry.
Related Franchises
Are you eager to see what else is out there? Browse franchises that are similar to Maaco.
Related Franchise Content
Catch up on the latest franchise news, trends, and more.
Are Franchises in the Clear After the Expanded Joint Employer Rule Was Struck Down? Industry Experts Answer 2 Critical Questions About What's Next.
Despite franchise industry successes in Congress and federal court, the expanded Joint Employer Rule is not completely dead. The IFA will outline its current status in a webinar on April 23.
'Fueled by a Hunger For New Challenges' — The 5 Types of Entrepreneurs You Want as Franchisees
Franchising is well known as a pathway to entrepreneurial success, offering individuals the opportunity to build their own business under the umbrella of an established brand.
I Built a $1 Million Business While Overcoming a Disability — Here's How I Did It
When facing struggles and setbacks, dream big, embrace your true self, and disregard any limits others impose on you. Ultimately, what truly counts is the effort you put into achieving your goals.
The Franchise Industry is on The Verge of Massive Change With Private Equity's Potential $8 Billion Acquisition of Jersey Mike's
Two iconic brands, Subway and Jersey Mike's, may sell to private equity after years of being closely held. Heavyweight PE firms are an increasing force within the franchising sector, marking a strategic shift and altering the industry landscape.
3 Ways to Get on The Road to Franchising — And How to Find the Right Business For You
Although franchising contributes significantly to the US economy, most US business schools lack dedicated franchising curriculums. These three sources will help you get started and find out which franchise is right for you.
Looking for a Spotless Investment Opportunity? Discover the Best Cleaning Franchises to Own in 2024.
From sparkling floors to polished windows, clean your way to success with the best cleaning franchises, according to the 2024 Franchise 500 Ranking.
