- 2023 Franchise 500 Rank
N/R Not ranked last year
- Initial investment
$127K - $254K
- Units as of 2020
289 11% over 3 years
Precision Tune Auto Care, which was founded in 1975 and began franchising in 1978, is a one-stop automobile car maintenance and repair company. They specialize in detailing cars, repairing them, and general car maintenance. With over 275 locations worldwide, including in the U.S., Nigeria, Portugal, and Oman, they are one of the world's leading car maintenance companies.
Why You May Want to Start a Precision Tune Auto Care
Precision Tune Auto Care may give you a chance to be part of a trusted brand. With over 40 years of experience, they have earned regular clients' trust and loyalty.
A great candidate for a Precision Auto Tune Care franchisee is someone with a solid understanding of business management principles, a retail and customer-focused attitude, proven management skills, leadership ability, vision, and a drive for growth. You also might need a willingness and passion for being involved as the franchisee of the shop.
Owning a Precision Auto Tune Care franchise may allow you to contribute to the people's road safety in your community. Being in charge of repairing and maintaining cars in your community might ensure you have done your part to help make vehicles safe and roadworthy. You can also help cars retain their value and longevity, which can generally save your clients the hassle of buying a new car and may get you loyal customers.
What Might Make Precision Tune Auto Care a Good Choice?
To be part of the Precision Tune Auto Care team, you should make sure you’re financially ready for an initial investment made up of a franchise fee and other startup costs. You’ll also want to make sure you have enough capital available to cover potential fees, including royalty fees, advertising fees, and renewal fees.
Precision Tune Auto Care has been ranked in Entrepreneur’s Franchise 500 many times in the past two decades. This ranking is based on an evaluation of more than 150 data points in the areas of costs and fees, size and growth, franchisee support, brand strength, and financial strength and stability. Due to this stellar reputation, Precision Tune Auto Care serves more than 1.5 million customers a year.
How Do You Open a Precision Tune Auto Care?
You may request a Precision Tune Auto Care franchise media kit through a franchise inquiry. This generally provides you with more information on their brand, the franchise process, and cost, as well as any financing options.
You typically have an initial phone call to discuss opportunities and locations available, after which you may return your confidential qualification report. Upon your financials and background checking out, you might receive a Franchise Disclosure Document for you to review. A franchise development team member usually helps you answer any questions you have.
You can then attend discovery day at the Precision Tune Auto Care headquarters in Leesburg, Virginia to meet the team and get familiar with their marketing, business, and training programs. Afterwards, you may sign your franchise agreement and attend an intensive training program to equip you to run your own Precision Tune Auto Care franchise.
About Precision Tune Auto Care
|Franchising Since||1978 (45 years)|
|# of employees at HQ||28|
|# of Units||289 (as of 2020)|
Information for Franchisees
Here's what you need to know if you're interested in opening a Precision Tune Auto Care 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
Definition: The initial fee paid to a franchisor to join their system
What you need to know: Found in Item 5 of the FDD, this may be a flat fee, or may vary based on territory size, experience, or other factors.The franchise fee is an up-front (one-time) cost that a new franchisee pays to the franchisor. This fee is usually due at the signing of the franchise agreement and covers the right to use the franchisor's trademarks, name, and related business systems.
Definition: The total amount necessary to begin operation of the franchise
What you need to know: The initial investment includes the franchise fee, along with other startup expenses such as real estate, equipment, supplies, business licenses, and working capital. This is outlined in a chart in Item 7 of the FDD, showing a range of possible costs from low to high.
|$127,000 - $253,600|
Net Worth Requirement
Definition: The minimum net worth you must have in order to qualify to become a franchisee of this company
What you need to know: Net worth is the value of a person's assets minus liabilities. Assets include cash, stocks, retirement accounts, and real estate. Liabilities include items like mortgages, car payments, and credit card debt.
Definition: The minimum liquid capital you must have available in order to qualify to become a franchisee of this company.
Definition: A discount or other incentive offered to military veterans who buy a franchise with this company.
|$15,000 off franchise fee, reduced royalty fee for first year|
Definition: A ongoing fee paid to the franchisor on a regular basis.
What you need to know: Most franchisors require franchisees to pay an ongoing royalty fee, which is detailed in Item 6 of the FDD. This fee is typically a percentage of weekly or monthly gross sales, but may also be a flat weekly, monthly, or annual fee.
Ad Royalty Fee
Definition: An going fee paid to the franchisor on a regular basis to support advertising or marketing efforts.
What you need to know: This may also be called advertising fee, marketing fee, brand fund fee, and more, but the basic purpose is the same-- to support promotion of the brand systemwide. As with the royalty fee, it is detailed in Item 6 of the FDD, and can be a percentage of weekly or monthly gross sales or a weekly, monthly, or annual fee.
Term of Agreement
Definition: The length of time your franchise agreement will last.
What you need to know: Franchise terms are typically anywhere from 5 to 20 years in length, but are sometimes instead dependent on factors such as the term of your lease. Once your term is up, you may have the option to renew your agreement, typically for a smaller fee than the original franchise fee.
|Is franchise term renewable?||Yes|
Some franchisors offer in-house financing, while others have relationships with third-party financing sources to which they refer qualified franchisees.
|In-House Financing||Precision Tune Auto Care offers in-house financing to cover the following: franchise fee|
|Third Party Financing||Precision Tune Auto Care has relationships with third-party sources which offer financing to cover the following: franchise fee, startup costs, equipment, inventory, accounts receivable, payroll|
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||4 hours|
|Classroom Training||46.5 hours|
Meetings & Conventions
Security & Safety Procedures
Franchisee Intranet Platform
Additional details about running this franchise.
|Is absentee ownership allowed?||Yes|
Can this franchise be run from home/mobile unit?
Definition: The business can be run from your home and/or a vehicle, and it is not necessary to have a retail facility, office space, or warehouse.
Can this franchise be run part time?
Definition: This business can be run by the owner on a part-time basis (less than 40 hours per week) and/or as a side business; it is not necessary for the business to be open/run full-time.
|# of employees required to run||4-6|
Are exclusive territories available?
Definition: An exclusive territory is a fixed area in which you are given the right to operate and in which no other units of the same franchise may be opened.
What you need to know: Territory size may be based on factors such as radius, population size, zip codes, and more. Details can be found in Item 12 of the FDD.
Interested in ownership opportunities like Precision Tune Auto Care? Request a free consultation with a Franchise Advisor now.
Franchise 500 Ranking History
Compare where Precision Tune Auto Care landed on this year's Franchise 500 Ranking versus previous years.
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