Industry Analysis & Industry Trends
The Auto Maintenance and Repair Franchises industry stalled during the recession as drivers opted for public transportation and put off vehicle repairs. However, this trend is expected to reverse as more commuters find jobs and require maintenance for their vehicles. Rising new-car sales could hinder this anticipated growth, as these vehicles require less repair work.... purchase to read more
Industry Report - Starting a New Business Chapter
There are few barriers to entering the Auto Maintenance and Repair Franchises industry. The largest hurdle potential franchisees face is the initial start up cost, which can range from $20,000 to more than $450,000. The largest factor determining the amount of the initial cost is the service segment in which a potential franchisor wishes to operate. For instance, the start up for a painting service is typically lower than the fee for a collision repair franchise. Ongoing fees associated with owning an auto repair franchise are typically on a monthly basis and range from 5.0% to 10.0% of monthly earnings.
Potential franchisees would also benefit from some knowledge and experience in the auto maintenance and repair industry... purchase to read more