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Precision Tune Auto Care

2015 Franchise 500
#283
At a Glance

Products & Services: Auto repair and maintenance, tires, engine diagnostics

Number of Locations: 319

Total Investment: $120K - $225.6K

Founded: 1975

Began Franchising: 1978

About Precision Tune Auto Care

Since its founding in 1975, Precision Tune Auto Care centers have provided motorists with a variety of car maintenance and light repair services. The chain's locations throughout North America, South America and Asia perform maintenance and service on brakes, air conditioners, cooling systems and more. The company is traded on the NASDAQ exchange under the PACI symbol.

Franchise Units

Year U.S. Canadian International Company Owned
2014 220 0 65 34
2013 220 0 85 35
2012 222 0 68 34
2011 232 0 80 27
2010 246 2 75 16
Where Seeking Franchisees: Franchisor is seeking new franchise units worldwide.
Direct Capital

Startup Costs, Ongoing Fees and Financing

Total Investment: $120,000 - $225,600
Franchise Fee: $25,000
Ongoing Royalty Fee: 7%
Term of Franchise Agreement: 10 years, renewable
Veteran Incentives: $15,000 off franchise fee, reduced royalty fee for first year
Financial Requirements
Net Worth: $250,000
Liquid Cash Available: $80,000
Operations
20% of all franchisees own more than one unit. Number of employees needed to run franchised unit: 5 - 8. Absentee ownership of franchise is allowed. (90% 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 day-2 weeks+. Ongoing upon request
Ongoing Support: Newsletter, Meetings, Toll-free phone line, Grand opening, Internet, Security/safety procedures, Field operations/evaluations
Marketing Support: Co-op advertising, Ad slicks, National media, Regional advertising,
Other marketing support: Radio & TV, national coupon advertising, Yellow Pages

Franchise Ranking History

Franchise 500®: #283 (2015), #162 (2014), #162 (2013), #170 (2012), #269 (2011), #325 (2010),
America's Top Global: #54 (2014), #140 (2013), #134 (2012),