Meineke Car Care Centers

Meineke Car Care Centers

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Meineke Car Care Centers
#480

Initial Investment

LOW: $129,641
HIGH: $576,746

Change in Units

-0.9% -9 UNITS (1 Year)
-1.2% -12 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 Inc.

About Meineke Car Care Centers

Sam Meineke began with a single store in Houston in 1972. The initial concept of providing exhaust service at discount prices has expanded to include complete brake service, oil and lube service, front-end alignment, shock and strut service and Catalytic converters.

Financials

Financial Requirements

Initial Investment

$129,641 - $576,746

Net-worth Requirement

$250,000

Liquid Cash Requirement

$110,000

Ongoing Fees

Initial Franchise Fee

$32,500

Ongoing Royalty Fee

5%

Ad Royalty Fee

8%

Financing Options

Meineke Car Care Centers 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: 5 days

Additional Training: Ongoing technical hotline, online courses available

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

Absentee Ownership Allowed

Number of employees required to run: 4 - 5

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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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