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Entrepreneur: Start & Grow Your Business

Auto Appraisal Network Inc.

Vehicle appraisal services

Background

Founded: 1989 Franchising since: 2007
17845 Sky Park Cir., #F
Irvine, California 92614
Phone:
(949)387-7774


Franchisor is a privately-held company with 3 employee(s); 1 employee(s) in franchise department.

Franchise Growth
Year U.S. Franchises Canadian Franchises Foreign Franchises Company Owned
2009 21 0 0 3
2008 17 0 0 3
2007 9 0 0 1
2006 0 0 0 0
2005 N/A N/A N/A 0

Where Seeking Franchisees
In the U.S. Alaska, Alabama, Arkansas, Arizona, California, Colorado, Connecticut, Delaware, Florida, Georgia, Hawaii, Iowa, Idaho, Illinois, Indiana, Kansas, Kentucky, Louisiana, Massachusetts, Maryland, Maine, Michigan, Minnesota, Missouri, Mississippi, Montana, Nebraska, North carolina, North dakota, New hampshire, New jersey, New mexico, Nevada, New york, Ohio, Oklahoma, Oregon, Pennsylvania, Rhode island, South carolina, South dakota, Tennessee, Texas, Utah, Virginia, Vermont, Washington, Wisconsin, West virginia, Wyoming
Outside the U.S.: Australia/new zealand, Canada, Mexico, Western europe

Exclusive territories available.
Territory size: Metropolitan areas, average 3 million population

Costs and Fees

Total investment: $24.7K-69.3K
Franchise fee: $15K-35K
Ongoing royalty fee: $85/appraisal
Term of agreement: 10 years, renewable


Type of Financing Available
In-House Third Party
Franchise Fee Yes Yes
Startup Costs No No
Equipment No No
Inventory No No
Accounts Receivable No No
Payroll No No

Qualifications
Net worth requirement: $100K
Cash liquidity requirement: $10K
Business Experience:
  • Industry experience
  • General business experience
  • Marketing skills

Operations
  • Franchise can be run from home
  • 20% of all franchisees own more than one unit
  • Number of employees needed to run franchised unit: 1 - 2
  • Absentee ownership of franchise is allowed. (80% of current franchisees are owner/operators)

Training and Support

Training
  • Available at headquarters: 5-6 days

Ongoing Support
  • Meetings
  • Internet
  • Field operations/evaluations

Marketing Support
  • Co-op advertising
  • Ad slicks
  • National media