Carstar
#120 Franchise 500| Auto collision repair

About
Founded

1989

Franchising Since

1989 (31 Years)

Corporate Address

440 S. Church St., #700
Charlotte, NC 28202

Leadership

Dean Fisher, President

Parent Company

Driven Brands

Financial Requirements
Initial Investment

$298,200 - $804,300

Net-worth Requirement

$500,000

Liquid Cash Requirement

$300,000

Ongoing Fees
Initial Franchise Fee

$20,000 - $30,000

Ongoing Royalty Fee

1.5%+

Ad Royalty Fee

1%

Financing Options

Carstar has relationships with third-party sources which offer financing to cover the following: 
franchise fee, startup costs, equipment, inventory, accounts receivable

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

Website development

Email marketing

Loyalty program/app

On-The-Job Training:

24-50 hours

Classroom Training:

16 hours

Additional Training:

Regional training, 1-2 days; Ongoing training at franchisee's location as needed

Absentee Ownership Allowed
Number of Employees Required to Run:

8 - 9

Carstar is ranked #120 in the Franchise 500!
Cost
Initial Investment: Low - $298,200 High - $804,300
Units
+12.1%+73 UNITS (1 Year) +37.9%+186 UNITS (3 Years)

Units (Locations)

Where Seeking Franchisees:

Franchisor is seeking new franchise units throughout the U.S. and in the following regions/states: Canada

Franchise Articles

Wild for Animals? Check Out the Top 6 Franchises for Pet Lovers

Here's how to own your own business... while spending time with furry (or feathered) friends.

What Restaurant Franchising Will Look Like in 2021

Three areas for restaurants to focus on right now to be prepared.

The 6 Top Automotive Franchises From the Entrepreneur Franchise 500

Here are the top six car-maintenance franchises of 2020.

How to Scale Your Training with Video and Learning Management Systems

Delivering the same content to every new employee increases efficiency, quality and safety.

The Hottest Industries Today

Our list of the franchises best positioned for growth, even in uncertain times.

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: June 25th, 2020