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

Mighty Auto Parts
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

Field Operations

Proprietary Software

Franchisee Intranet Platform

Marketing Support

Co-op Advertising

Ad Templates

Social media

SEO

Website development

Email marketing

On-The-Job Training:

88 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, Mexico, Philippines, South America, Western Europe
Franchise Financing
Using 401(K)/IRA Funds
  • Tax Penalty-Free
  • Debt Free
  • Expert Guidance
Learn More

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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: January 23rd, 2018
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