Honest1 Auto Care

Honest1 Auto Care

Auto repair and maintenance
Units as of 2021
69 (3 years)
7.8%
2021 Franchise 500 Rank
N/R Not ranked last year
Initial investment
$223K - $868K

Company Overview

Founded in 2003, Honest1 Auto Care offers automotive repair and maintenance services, including oil changes, brake repair, tune-ups, transmission repair and preventative maintenance.

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About Honest1 Auto Care

Industry
Automotive
Founded
2003
Parent Company
H-1 Auto Care LLC
Leadership
Mike Cowan, President & CEO

Franchising Overview

Franchising Since
2003 (18 years)
# of employees at HQ
11
Where seeking
Franchisor is seeking new franchise units throughout the U.S.
# of Units
69

Franchisor Information

Social
Facebook
Corporate Address
100 2nd Ave. S., #1203
St. Petersburg, FL 33701

Information for Franchisees

Here’s what you need to know if you’re interested in opening a Honest1 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
$45,000 - $45,000
Initial Investment
$223,150 - $867,650
Net Worth Requirement
$700,000
Cash Requirement
$200,000
Royalty Fee
6%
Ad Royalty Fee
1%
Term of Agreement
20 years
Is franchise term renewable?
Yes

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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
Honest1 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
50 hours
Classroom Training
75 hours
Additional Training
Ongoing training
Ongoing Support
Newsletter
Meetings & Conventions
Security & Safety Procedures
Field Operations
Site Selection
Franchisee Intranet Platform
Marketing Support
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
# of employees required to run
8
Are exclusive territories available?
Yes

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Franchise 500 Ranking History

Compare where Honest1 Auto Care landed on this year’s Franchise 500 Ranking versus previous years.

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Related Franchises

Are you eager to see what else is out there? Browse more franchises that are similar to Honest1 Auto Care.

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Role
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Disclaimer
The Franchise 500 is not intended to endorse, advertise, or recommend any particular franchise. It is solely a research tool you can use to compare franchise operations. Entrepreneur stresses that you should always conduct your own independent investigation before investing money in a franchise.
Updated: October 23rd, 2020
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