
Mighty Auto Parts
- 2021 Franchise 500 Rank
-
N/R Ranked #378 last year
- Initial investment
-
$227K - $496K
- Units as of 2020
-
99 6.6% over 3 years
Company Overview
About Mighty Auto Parts
- Related Categories
- Miscellaneous Automotive Products & Services, Automotive
- Founded
- 1963
- Parent Company
- Grupo Gonher
- Leadership
- Josh D'Agostino, President
Franchising Overview
- Franchising Since
- 1970 (51 years)
- # of employees at HQ
- 45
- Where seeking
-
This company is seeking new franchisees throughout the US.
This company is seeking new franchisees in the following international regions: Australia/New Zealand, Middle East, Europe (Western), Central America, Canada, South America, Mexico
- # of Units
- 99 (as of 2020)
Franchisor Information
Information for Franchisees
Here’s what you need to know if you’re interested in opening a Mighty Auto Parts 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
- $22,500 - $57,500
- Initial Investment
- $227,000 - $496,100
- Net Worth Requirement
- $500,000
- Cash Requirement
- $100,000
- Veteran Incentives
- 25% off license fee; training/administration fee waived; special payment terms on initial inventory
- Royalty Fee
- 5%
- Ad Royalty Fee
- 0.5%
- Term of Agreement
- 10 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
- Mighty Auto Parts 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
- 85 hours
- Classroom Training
- 29 hours
- Ongoing Support
-
Purchasing Co-opsNewsletterMeetings & ConventionsToll-Free LineGrand OpeningOnline SupportSecurity & Safety ProceduresField OperationsSite SelectionProprietary SoftwareFranchisee Intranet Platform
- Marketing Support
-
Co-op AdvertisingAd TemplatesNational MediaRegional AdvertisingSocial MediaSEOEmail 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
- 1
- Are exclusive territories available?
- Yes
Franchise 500 Ranking History
Compare where Mighty Auto Parts landed on this year’s Franchise 500 Ranking versus previous years.
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