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Meineke Car Care Centers

2015 Franchise 500
#53
At a Glance

Products & Services: Auto repair and maintenance

Number of Locations: 975

Total Investment: $200.1K - $466.4K

Founded: 1972

Began Franchising: 1972

About Meineke Car Care Centers

Sam Meineke began with a single store in Houston in 1972. The initial concept of providing exhaust service at discount prices has expanded to include complete brake service, oil and lube service, front-end alignment, shock and strut service and Catalytic converters.

Franchise Units

Year U.S. Canadian International Company Owned
2015 880 49 44 2
2014 885 51 44 0
2013 880 36 43 19
2012 861 31 43 19
2011 863 34 43 15
Where Seeking Franchisees: Franchisor is seeking new franchise units worldwide.

Startup Costs, Ongoing Fees and Financing

Total Investment: $200,139 - $466,435
Franchise Fee: $30,000
Ongoing Royalty Fee: 3-8%
Term of Franchise Agreement: 15 years, renewable
Veteran Incentives: 50% off royalty fees for first six months
Financial Requirements
Net Worth: $250,000
Liquid Cash Available: $110,000
Operations
35% of all franchisees own more than one unit. Number of employees needed to run franchised unit: 4 - 5. Absentee ownership of franchise is allowed. (90% of current franchisees are owner/operators).
Financing Type In-House Third Party
Franchise Fee
Startup Costs
Equipment
Inventory
Accounts Receivable
Payroll

How This Franchise Supports Franchisees

Training: Available at headquarters: 2.5 weeks. At franchisee's location: 4 days+ annually. Ongoing technical hotline, online courses available
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, National media, Regional advertising,
Other marketing support: Yellow Pages

Franchise Ranking History

Franchise 500®: #53 (2015), #52 (2014), #51 (2013), #53 (2012), #55 (2011),
America's Top Global: #86 (2015), #76 (2014), #54 (2013), #49 (2012), #48 (2011),