Auto Appraisal Network Inc.
At a Glance
Products & Services: Vehicle appraisal services
Number of Locations: 26
Total Investment: $16.7K - 64.28K
Founded: 1989
Began Franchising: 2007
Private Owned
Franchise Units
| Year | U.S. | Canadian | International | Company Owned |
| 2011 | 21 | 0 | 0 | 5 |
| 2010 | 20 | 0 | 0 | 3 |
| 2009 | 21 | 0 | 0 | 3 |
| 2008 | 17 | 0 | 0 | 3 |
Where Seeking Franchisees: Franchisor is seeking new franchise units in the U.S.,Australia/New Zealand, Canada, Mexico, Western Europe.
Startup Costs, Ongoing Fees and Financing
Total Investment: $16,700 - $64,275
Franchise Fee: $12,000 - $30,000
Ongoing Royalty Fee: $95/appraisal
Term of Franchise Agreement: 10 years, renewable
Franchise Fee: $12,000 - $30,000
Ongoing Royalty Fee: $95/appraisal
Term of Franchise Agreement: 10 years, renewable
Financial Requirements
Net Worth: $50,000
Liquid Cash Available: $3,000 - $10,000
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).| Financing Type | In-House | Third Party |
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How This Franchise Supports Franchisees
Training: Available at headquarters: 5-6 days.
Ongoing Support: Meetings, Internet, Field operations/evaluations,
Marketing Support: Co-op advertising, Ad slicks, National media,