Precision Tune Auto Care

Auto repair and maintenance

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About

Founded

1975

Franchising Since

1978 (41 Years)

Corporate Address

748 Miller Dr. S.E.
Leesburg, VA 20175

CEO

Robert Falconi

Parent Company

Icahn Automotive Group

Financial Requirements

Initial Investment ⓘ

$127,000 - $253,600

Net-worth Requirement ⓘ

$300,000

Liquid Cash Requirement ⓘ

$100,000

Ongoing Fees

Initial Franchise Fee ⓘ

$25,000 - $25,000

Ongoing Royalty Fee

7.5-6%

Ad Royalty Fee

1.5%

Financing Options

Precision Tune Auto Care offers in-house financing to cover the following: franchise fee

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

Veteran Incentives

$15,000 off franchise fee, reduced royalty fee for first year

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

Social media

SEO

Website development

Email marketing

Loyalty program/app

On-The-Job Training:

4 hours

Classroom Training:

46.5 hours

Additional Training:

Additional training via video, CD, online, seminars

Absentee Ownership Allowed

Number of Employees Required to Run:

4 - 6

Precision Tune Auto Care is ranked #303 in the Franchise 500!

Bio

Since its founding in 1975, Precision Tune Auto Care centers have provided motorists with a variety of car maintenance and light repair services. The chain’s locations throughout North America, South America and Asia perform maintenance and service on brakes, air conditioners, cooling systems and more. The company is traded on the NASDAQ exchange under the PACI symbol.

Cost

Initial Investment: Low - $127,000 High - $253,600

Units

-3.1%-10 UNITS (1 Year) -1.3%-4 UNITS (3 Years)

Units (Locations)

Where Seeking Franchisees:

Franchisor is seeking new franchise units worldwide.

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: September 26th, 2019

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