Maaco Franchising Inc.
#411

Initial Investment

LOW: $375,052
HIGH: $487,052

Change in Units

+0.2% +0 UNITS (1 Year)
+5.4% +24 UNITS (3 Years)

Company Profile

Founded

1972

Franchising Since

1972 (45 Years)

Corporate Address

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

CEO

Jonathan Fitzpatrick

Parent Company

Driven Brands

About Maaco Franchising Inc.

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.

Financials

Financial Requirements

Initial Investment

$375,052 - $487,052

Net-worth Requirement

$300,000

Liquid Cash Requirement

$140,000

Ongoing Fees

Initial Franchise Fee

$40,000

Ongoing Royalty Fee

8%

Ad Royalty Fee

$850+/wk.

Financing Options

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

Veteran Incentives


50% off royalty fee for first six months

Units (Locations)

Where Seeking Franchisees:
Franchisor is seeking new franchise units worldwide.

Operations & Franchisor Support

Training Onsite: 5 days

Training at headquarters: 3 weeks

Additional Training: Continual support

Ongoing Support
Purchasing Co-ops
Newsletter
Meetings
Toll-Free Line
Grand Opening
Internet
Security
Field Operations

Marketing Support
Co-op Advertising
Ad Slicks
National Media
Regional Media

Number of employees required to run: 7 - 8

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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: November 14th, 2016

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