- Franchise 500 Rank
-
N/R Not ranked last year
- Initial investment
-
$77K - $158K
- Units as of 2018
-
10 150.0% over 3 years
Company Overview
About iMechanic
Industry | Tech Businesses |
---|---|
Related Categories | Electronics Repairs/Sales, Miscellaneous Maintenance Businesses, Miscellaneous Services, Miscellaneous Tech Businesses |
Founded | 2010 |
Leadership | Nicholas Helton, CEO |
Corporate Address |
413 S. Walnut St. Bloomington, IN 47401 |
Social | Facebook, Twitter, Instagram |
Business Overview
Franchising Since | 2017 (8 years) |
---|---|
# of employees at HQ | 15 |
# of Units | 10 (as of 2018) |
|
Information for Franchisees
Here's what you need to know if you're interested in opening a iMechanic franchise.
Financial Requirements & Ongoing Fees
Here's what you can expect to spend to start the business and what ongoing fees the franchisor charges throughout the life of the business.
Initial Franchise Fee
|
$35,000 |
---|---|
Initial Investment
|
$77,100 - $157,750 |
Cash Requirement
|
$75,000 |
Veteran Incentives
|
20% off franchise fee |
Royalty Fee
|
7% |
Ad Royalty Fee
|
1% |
Term of Agreement
|
10 |
Is franchise term renewable? | No |
Financing Options
Some franchisors offer in-house financing, while others have relationships with third-party financing sources to which they refer qualified franchisees.
Third Party Financing | iMechanic has relationships with third-party sources which offer financing to cover the following: franchise fee, startup costs, equipment, inventory, accounts receivable, payroll |
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Training & Support Offered
Franchisors offer initial training programs and a variety of ongoing support options to help franchisees run their businesses.
On-The-Job Training | 40 hours |
---|---|
Classroom Training | 119 hours |
Ongoing Support |
Purchasing Co-ops
Newsletter
Meetings & Conventions
Grand Opening
Online Support
Lease Negotiation
Field Operations
Site Selection
Franchisee Intranet Platform
|
Marketing Support |
Co-op Advertising
Ad Templates
Social Media
SEO
Website Development
Email Marketing
|
Operations
Additional details about running this franchise.
Is absentee ownership allowed? | No |
---|---|
Can this franchise be run from home/mobile unit?
|
No |
Can this franchise be run part time?
|
No |
Are exclusive territories available?
|
Yes |
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