Mighty Auto Parts
#345 Franchise 500| Wholesale distribution of auto parts

About
Founded

1963

Franchising Since

1970 (48 Years)

Corporate Address

650 Engineering Dr.
Norcross, GA 30092

CEO

Kenneth Voelker

Parent Company

Grupo Gonher

Financial Requirements
Initial Investment

$144,100 - $372,400

Net-worth Requirement

$500,000

Liquid Cash Requirement

$100,000

Ongoing Fees
Initial Franchise Fee

$15,500 - $40,000

Ongoing Royalty Fee

5%

Ad Royalty Fee

0.5%

Financing Options

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

Veteran Incentives

25% off license fee; training/administration fee waived; special payment terms on initial inventory

Support Options
Ongoing Support

Purchasing Co-ops

Newsletter

Meetings/Conventions

Toll-Free Line

Grand Opening

Online Support

Security/Safety Procedures

Field Operations

Site Selection

Proprietary Software

Franchisee Intranet Platform

Marketing Support

Co-op Advertising

Ad Templates

National Media

Regional Advertising

Social media

SEO

Email marketing

On-The-Job Training:

85 hours

Classroom Training:

29 hours

Absentee Ownership Allowed
Number of Employees Required to Run:

1

Mighty Auto Parts is ranked #345 in the Franchise 500!
Bio
Founded in 1963, Mighty Auto Parts started out as a network of local and regional suppliers to the automotive service industry. From the beginning, Mighty has offered a direct-sourcing model for preventive maintenance, common-use auto parts, shop supplies, oil, chemicals, and lubricants for vehicles. Mighty began franchising in 1970. In 1993, automotive-related service companies began adding Mighty franchises to diversify with a related company and complement their existing operations by employing Mighty's business model.
Cost
Initial Investment: Low - $144,100 High - $372,400
Units
-0.9%-1 UNITS (1 Year) -7.0%-8 UNITS (3 Years)

Units (Locations)

Where Seeking Franchisees:

Franchisor is seeking new franchise units throughout the U.S. and in the following regions/states: Australia/New Zealand, Canada, Central America, Middle East, Mexico, Philippines, South America, Western Europe
Franchise Financing
Using 401(K)/IRA Funds
  • Tax Penalty-Free
  • Debt Free
  • Expert Guidance
Learn More

Franchise Articles

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 11th, 2018
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