Start a Milex Complete Auto Care/Mr. Transmission Franchise in 2024

Franchise 500 Rank: N/R Not ranked last year

Initial investment: $207K - $301K

Units as of 2023: 124 2% over 3 years

Milex Complete Auto Care/Mr. Transmission was founded in 1956 as one of the first-ever specialized transmission service centers.

Mr. Transmission offers its customers an alternative to repairs done in car dealerships. Mr. Transmission locations introduced quick, quality, and professional service in every transaction. With a focus on vehicle transmission repairs, experts at Mr. Transmission have tried to help customers avoid the stress that comes with costly automotive malfunctions since they were founded.

Since offering franchises beginning in 1976, Mr. Transmission has opened over 80 units across the United States, working to gain the trust and loyalty of customers. With new markets available from coast to coast, Mr. Transmission may be one of today's most attractive franchise opportunities for car junkies alike.

Why You May Want to Start a Mr. Transmission Franchise

Mr. Transmission is a leader in the transmission repair industry, a position it attained through consistent and quality service delivery. Some of the significant services offered by Mr. Transmission include transmission maintenance and service, repair, and technical diagnostics supported by leading-edge technology. At Mr. Transmission, customers can rely on a company dedicated to getting them back on the road as quickly as possible.

One aspect that may distinguish Mr. Transmission from its competition is its attractive warranty on all labor and parts for customers. The nationwide warranty on mechanical services from all Mr. Transmission locations may show the brand's confidence and ability to deliver on its promises.

Unlike some local transmission repair shops, Mr. Transmission is outspoken about its belief in social and environmental responsibility. Each year, Mr. Transmission participates in the "Run for the Cure" breast cancer fundraiser, sponsors local sports teams, and responds to disasters.

What Might Make a Mr. Transmission Franchise a Good Choice?

Starting a Mr. Transmission franchise may be an excellent opportunity for anyone who dreams to own and operate their own business.

To be part of the Mr. Transmission team, you should make sure you're financially ready for an initial investment made up of a franchise fee and other startup costs. In addition, you should prepare yourself 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. Typical terms of agreement run for a renewable period of 15 years.

How To Open a Mr. Transmission Franchise

The process of opening your own Mr. Transmission franchise starts by submitting a request for information form. After you submit the form, the franchise may contact you. If you qualify, the following steps include meeting the development team, visiting franchise locations, and creating your business and financial plan. During these steps, the Mr. Transmission franchise team will provide a financial worksheet to aid in your planning activities. Finally, you will get to sign the franchise agreement and become your own boss.

All Mr. Transmission franchisees undergo multiple days of in-class training accompanied by in-store training at various locations. The training at Mr. Transmission aims to equip you in significant areas such as sales and customer service, technical and back shop support, operations, and location growth.

Company Overview

About Milex Complete Auto Care/Mr. Transmission

Industry	Automotive
Related Categories	Automotive Repair & Maintenance Services
Founded	1956
Parent Company	Moran Family of Brands
Leadership	Peter Baldine, President
Corporate Address	11524 W. 183rd Pl., #100 Orland Park, IL 60467
Social	Facebook, Twitter, LinkedIn, Instagram, YouTube

Business Overview

Franchising Since	1976 (48 years)
# of employees at HQ	22
Where seeking	This company is offering new franchises in the following US states: Alaska, Alabama, Arkansas, Arizona, Colorado, Connecticut, District of Columbia, Delaware, Florida, Georgia, Iowa, Idaho, Illinois, Indiana, Kansas, Kentucky, Louisiana, Massachusetts, Maryland, Maine, Michigan, Minnesota, Missouri, Mississippi, Montana, North Carolina, Nebraska, New Hampshire, New Jersey, New Mexico, Nevada, New York, Ohio, Oklahoma, Oregon, Pennsylvania, Rhode Island, South Carolina, Tennessee, Texas, Utah, Virginia, Vermont, Wisconsin, West Virginia, Wyoming This company is offering new franchises in the following international regions: Africa, Asia, Middle East
# of Units	124 (as of 2023)

Information for Franchisees

Here's what you need to know if you're interested in opening a Milex Complete Auto Care/Mr. Transmission 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 Definition: The initial fee paid to a franchisor to join their system What you need to know: Found in Item 5 of the FDD, this may be a flat fee, or may vary based on territory size, experience, or other factors.The franchise fee is an up-front (one-time) cost that a new franchisee pays to the franchisor. This fee is usually due at the signing of the franchise agreement and covers the right to use the franchisor's trademarks, name, and related business systems.	$40,000 - $50,000
Initial Investment Definition: The total amount necessary to begin operation of the franchise What you need to know: The initial investment includes the franchise fee, along with other startup expenses such as real estate, equipment, supplies, business licenses, and working capital. This is outlined in a chart in Item 7 of the FDD, showing a range of possible costs from low to high.	$207,425 - $300,579
Net Worth Requirement Definition: The minimum net worth you must have in order to qualify to become a franchisee of this company What you need to know: Net worth is the value of a person's assets minus liabilities. Assets include cash, stocks, retirement accounts, and real estate. Liabilities include items like mortgages, car payments, and credit card debt.	$250,000 - $300,000
Cash Requirement Definition: The minimum liquid capital you must have available in order to qualify to become a franchisee of this company.	$70,000
Veteran Incentives Definition: A discount or other incentive offered to military veterans who buy a franchise with this company.	$6,750 off franchise fee
Royalty Fee Definition: A ongoing fee paid to the franchisor on a regular basis. What you need to know: Most franchisors require franchisees to pay an ongoing royalty fee, which is detailed in Item 6 of the FDD. This fee is typically a percentage of weekly or monthly gross sales, but may also be a flat weekly, monthly, or annual fee.	7%
Ad Royalty Fee Definition: An going fee paid to the franchisor on a regular basis to support advertising or marketing efforts. What you need to know: This may also be called advertising fee, marketing fee, brand fund fee, and more, but the basic purpose is the same-- to support promotion of the brand systemwide. As with the royalty fee, it is detailed in Item 6 of the FDD, and can be a percentage of weekly or monthly gross sales or a weekly, monthly, or annual fee.	1%
Term of Agreement Definition: The length of time your franchise agreement will last. What you need to know: Franchise terms are typically anywhere from 5 to 20 years in length, but are sometimes instead dependent on factors such as the term of your lease. Once your term is up, you may have the option to renew your agreement, typically for a smaller fee than the original franchise fee.	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	Milex Complete Auto Care/Mr. Transmission 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.

On-The-Job Training	38 hours
Classroom Training	40 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 Regional Advertising Social Media SEO Website Development Email Marketing Loyalty Program/App

Operations

Additional details about running this franchise.

Is absentee ownership allowed?	No
Can this franchise be run from home/mobile unit? Definition: The business can be run from your home and/or a vehicle, and it is not necessary to have a retail facility, office space, or warehouse.	No
Can this franchise be run part time? Definition: This business can be run by the owner on a part-time basis (less than 40 hours per week) and/or as a side business; it is not necessary for the business to be open/run full-time.	No
# of employees required to run	3-5
Are exclusive territories available? Definition: An exclusive territory is a fixed area in which you are given the right to operate and in which no other units of the same franchise may be opened. What you need to know: Territory size may be based on factors such as radius, population size, zip codes, and more. Details can be found in Item 12 of the FDD.	Yes