Lee Myles Transmissions & AutoCare

Lee Myles Transmissions & AutoCare

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Promoted Opportunities

Initial Investment

LOW: $76,000
HIGH: $218,700

Change in Units

Company Profile

Founded

1947

Franchising Since

1964 (53 Years)

Corporate Address

847 Fern Ave. Reading, PA 19607

Parent Company

Lee Myles Associates Corp.

About Lee Myles Transmissions & AutoCare

Lee Myles was a musician and automobile technician in the 1930s and ’40s when he heard about problems with the “new” automatic transmissions. He opened his first Lee Myles Transmissions center in 1947 and began franchising in 1964. The company now has more than 85 locations throughout the United States.

Financials

Financial Requirements

Initial Investment

$76,000 - $218,700

Net-worth Requirement

$200,000

Liquid Cash Requirement

$100,000

Ongoing Fees

Initial Franchise Fee

$30,000

Ongoing Royalty Fee

7%

Ad Royalty Fee

$500+/wk.

Financing Options

Lee Myles Transmissions & AutoCare has relationships with third-party sources which offer financing to cover the following: 
franchise fee, startup costs, equipment, inventory

Units (Locations)

Where Seeking Franchisees:
Franchisor is seeking new franchise units in the following regions/states:
See List

Operations & Franchisor Support

Training Onsite: 1 week

Training at headquarters: 2 weeks

Ongoing Support
Meetings
Toll-Free Line
Field Operations

Marketing Support
Co-op Advertising
Ad Slicks
National Media

Absentee Ownership Allowed

Number of employees required to run: 4

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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: July 30th, 2014

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