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2021 Franchise 500 Rank
#500 Ranked #357 last year
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Initial investment
$302K - $620K
Units as of 2021
425 16.7% over 3 years

Company Overview

Anthony A. Martino, who had previously co-founded AAMCO Transmissions, started Maaco in 1972, once again using his initials to name the company. In 2008, Maaco was bought by Driven Brands, which also manages Meineke, Econo Lube N' Tune, AutoQual and Aero Colours. Franchisees offer auto painting and collision repair services.

About Maaco

Industry
Automotive
Related Categories
Automotive Appearance Services
Founded
1972
Parent Company
Driven Brands
Leadership
Jonathan Fitzpatrick, CEO
Ticker Symbol
DRVN

Franchising Overview

Franchising Since
1972 (49 years)
# of employees at HQ
55
# of Units
425 (as of 2021)

Franchisor Information

Corporate Address
440 S. Church St., #700
Charlotte, NC 28202

Information for Franchisees

Here’s what you need to know if you’re interested in opening a Maaco 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
$40,000
Initial Investment
$301,585 - $619,918
Net Worth Requirement
$900,000
Cash Requirement
$420,000
Veteran Incentives
Royalty fee reduced to 5% for first two years of operation
Royalty Fee
9%
Ad Royalty Fee
$1K/wk.
Term of Agreement
15 years
Is franchise term renewable?
Yes

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
Maaco has relationships with third-party sources which offer financing to cover the following: franchise fee, startup costs, equipment, inventory

Training & Support Offered

Franchisors offer initial training programs and a variety of ongoing support options to help franchisees run their businesses.

Classroom Training
125 hours
Additional Training
Continual support
Ongoing Support
Purchasing Co-ops
Newsletter
Meetings & Conventions
Toll-Free Line
Grand Opening
Online Support
Security & Safety Procedures
Lease Negotiation
Field Operations
Site Selection
Proprietary Software
Franchisee Intranet Platform
Marketing Support
Co-op Advertising
Ad Templates
National Media
Regional Advertising
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
7-8
Are exclusive territories available?
No

Franchise 500 Ranking History

Compare where Maaco landed on this year’s Franchise 500 Ranking versus previous years.

Additional Rankings

Curious to know where Maaco ranked on other franchise lists? Find out below.

Ranked #500

Franchise 500 Ranking

Ranked #11

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Disclaimer
The information on this page is not intended as an endorsement or recommendation of any particular franchise by Entrepreneur Media. Our franchise listings and rankings are solely research tools you can use to compare franchise operations. Entrepreneur stresses that you should always conduct your own independent investigation before investing in a franchise. That should include reviewing the franchisor's legal documents, consulting with an attorney and an accountant, and talking to former and current franchisees.
Updated: February 8th, 2021