- Franchise 500 Rank
-
N/R Not ranked last year
- Initial investment
-
$207K - $301K
- Units as of 2023
-
124 2% over 3 years
Milex Complete Auto Care/Mr. Transmission was founded in 1956 as one of the first-ever specialized transmission service centers.
Mr. Transmission offers its customers an alternative to repairs done in car dealerships. Mr. Transmission locations introduced quick, quality, and professional service in every transaction. With a focus on vehicle transmission repairs, experts at Mr. Transmission have tried to help customers avoid the stress that comes with costly automotive malfunctions since they were founded.
Since offering franchises beginning in 1976, Mr. Transmission has opened over 80 units across the United States, working to gain the trust and loyalty of customers. With new markets available from coast to coast, Mr. Transmission may be one of today's most attractive franchise opportunities for car junkies alike.
Why You May Want to Start a Mr. Transmission Franchise
Mr. Transmission is a leader in the transmission repair industry, a position it attained through consistent and quality service delivery. Some of the significant services offered by Mr. Transmission include transmission maintenance and service, repair, and technical diagnostics supported by leading-edge technology. At Mr. Transmission, customers can rely on a company dedicated to getting them back on the road as quickly as possible.
One aspect that may distinguish Mr. Transmission from its competition is its attractive warranty on all labor and parts for customers. The nationwide warranty on mechanical services from all Mr. Transmission locations may show the brand's confidence and ability to deliver on its promises.
Unlike some local transmission repair shops, Mr. Transmission is outspoken about its belief in social and environmental responsibility. Each year, Mr. Transmission participates in the "Run for the Cure" breast cancer fundraiser, sponsors local sports teams, and responds to disasters.
What Might Make a Mr. Transmission Franchise a Good Choice?
Starting a Mr. Transmission franchise may be an excellent opportunity for anyone who dreams to own and operate their own business.
To be part of the Mr. Transmission team, you should make sure you're financially ready for an initial investment made up of a franchise fee and other startup costs. In addition, you should prepare yourself for ongoing fees that will include advertising, royalty, and potential renewal fees. Franchisees will also need to meet the company's set net worth and liquid capital requirements. Typical terms of agreement run for a renewable period of 15 years.
How To Open a Mr. Transmission Franchise
The process of opening your own Mr. Transmission franchise starts by submitting a request for information form. After you submit the form, the franchise may contact you. If you qualify, the following steps include meeting the development team, visiting franchise locations, and creating your business and financial plan. During these steps, the Mr. Transmission franchise team will provide a financial worksheet to aid in your planning activities. Finally, you will get to sign the franchise agreement and become your own boss.
All Mr. Transmission franchisees undergo multiple days of in-class training accompanied by in-store training at various locations. The training at Mr. Transmission aims to equip you in significant areas such as sales and customer service, technical and back shop support, operations, and location growth.
Company Overview
About Milex Complete Auto Care/Mr. Transmission
| Industry | Automotive |
|---|---|
| Related Categories | Automotive Repair & Maintenance Services |
| Founded | 1956 |
| Parent Company | Moran Family of Brands |
| Leadership | Peter Baldine, President |
| Corporate Address |
11524 W. 183rd Pl., #100 Orland Park, IL 60467 |
| Social | Facebook, Twitter, LinkedIn, Instagram, YouTube |
Business Overview
| Franchising Since | 1976 (48 years) |
|---|---|
| # of employees at HQ | 22 |
| Where seeking |
This company is offering new franchises in the following US states: Alaska, Alabama, Arkansas, Arizona, Colorado, Connecticut, District of Columbia, Delaware, Florida, Georgia, Iowa, Idaho, Illinois, Indiana, Kansas, Kentucky, Louisiana, Massachusetts, Maryland, Maine, Michigan, Minnesota, Missouri, Mississippi, Montana, North Carolina, Nebraska, New Hampshire, New Jersey, New Mexico, Nevada, New York, Ohio, Oklahoma, Oregon, Pennsylvania, Rhode Island, South Carolina, Tennessee, Texas, Utah, Virginia, Vermont, Wisconsin, West Virginia, Wyoming This company is offering new franchises in the following international regions: Africa, Asia, Middle East |
| # of Units | 124 (as of 2023) |
|
|
|
Information for Franchisees
Here's what you need to know if you're interested in opening a Milex Complete Auto Care/Mr. Transmission 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
|
$40,000 - $50,000 |
|---|---|
|
Initial Investment
|
$207,425 - $300,579 |
|
Net Worth Requirement
|
$250,000 - $300,000 |
|
Cash Requirement
|
$70,000 |
|
Veteran Incentives
|
$6,750 off franchise fee |
|
Royalty Fee
|
7% |
|
Ad Royalty Fee
|
1% |
|
Term of Agreement
|
15 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 | Milex Complete Auto Care/Mr. Transmission 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 | 38 hours |
|---|---|
| Classroom Training | 40 hours |
| Ongoing Support |
Purchasing Co-ops
Newsletter
Meetings & Conventions
Toll-Free Line
Grand Opening
Online Support
Security & Safety Procedures
Lease Negotiation
Field Operations
Site Selection
Proprietary Software
Franchisee Intranet Platform
|
| Marketing Support |
Co-op Advertising
Ad Templates
Regional Advertising
Social Media
SEO
Website Development
Email Marketing
Loyalty Program/App
|
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 | 3-5 |
|
Are exclusive territories available?
|
Yes |
Franchise 500 Ranking History
Compare where Milex Complete Auto Care/Mr. Transmission landed on this year's Franchise 500 Ranking versus previous years.
Sign Up for Our Franchise Newsletter
Stay up to date on the latest news and trends affecting the franchise industry.
Related Franchises
Are you eager to see what else is out there? Browse franchises that are similar to Milex Complete Auto Care/Mr. Transmission.
Related Franchise Content
Catch up on the latest franchise news, trends, and more.
I Built a $1 Million Business While Overcoming a Disability — Here's How I Did It
When facing struggles and setbacks, dream big, embrace your true self, and disregard any limits others impose on you. Ultimately, what truly counts is the effort you put into achieving your goals.
The Franchise Industry is on The Verge of Massive Change With Private Equity's Potential $8 Billion Acquisition of Jersey Mike's
Two iconic brands, Subway and Jersey Mike's, may sell to private equity after years of being closely held. Heavyweight PE firms are an increasing force within the franchising sector, marking a strategic shift and altering the industry landscape.
3 Ways to Get on The Road to Franchising — And How to Find the Right Business For You
Although franchising contributes significantly to the US economy, most US business schools lack dedicated franchising curriculums. These three sources will help you get started and find out which franchise is right for you.
Looking for a Spotless Investment Opportunity? Discover the Best Cleaning Franchises to Own in 2024.
From sparkling floors to polished windows, clean your way to success with the best cleaning franchises, according to the 2024 Franchise 500 Ranking.
One Factor Is Helping This Entrepreneur Tackle Business Ownership Later in Life. Now, She's Jumping Into a $20 Billion Industry.
Stacey Howell has reinvented herself multiple times. In her latest move, she leverages her extensive corporate career, history of public service and experience running a nonprofit as a Woodhouse Spa franchisee.
This Franchise Leader Just Became the Newest Investor on Dragons' Den, the Canadian Shark Tank
Brian Scudamore, founder and CEO of 1-800-GOT-JUNK?, is joining the cast of Dragons' Den in Canada.
