Tunex Automotive Specialists
At a Glance
Products & Services: Automotive diagnostics & related services
Number of Locations:
Total Investment: $155K - 218K
Founded: 1972
Began Franchising: 1974
Public Owned
About Tunex Automotive Specialists
Tunex was founded in 1972, and the first service center began operating in 1974. The public company began franchising in 1975 and has more than 25 company and franchisee-owned service centers in operation. The Tunex franchise opportunity includes both a conversion option (converting an independent service center to a Tunex franchise) and independent franchise units.Startup Costs, Ongoing Fees and Financing
Total Investment: $155,000 - $218,000
Franchise Fee: $19,000
Ongoing Royalty Fee: 5%
Term of Franchise Agreement: 10 years, renewable
Franchise Fee: $19,000
Ongoing Royalty Fee: 5%
Term of Franchise Agreement: 10 years, renewable
Financial Requirements
Net Worth: $200,000
Liquid Cash Available: $50,000
Operations
8% of all franchisees own more than one unit. Number of employees needed to run franchised unit: 4. Absentee ownership of franchise is 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: 1 week. At franchisee's location: 1 week. Classroom : 1 week.
Ongoing Support: Newsletter, Meetings, Toll-free phone line, Grand opening, Internet, Security/safety procedures, Field operations/evaluations, Purchasing cooperatives,
Marketing Support: Co-op advertising, Regional advertising,