Maaco is a retail oriented franchise business with successful owners from many walks of life. If the thought of a proven business model, family oriented operating hours and huge income potential excite you then we encourage you to take a deeper look into Maaco Franchising. At Maaco you will enjoy:
Full Answer
How many MAACO franchises are there in the US?
You will find over 400 independent franchises of Maaco in the United States and Canada. If you live in a major city, you will find one in your place. Best of all, there is no sign that the company is slowing down anytime soon. We can expect to see more Maaco franchises in the coming years. 5. Reasonable Prices
Is MAACO a good car paint franchise?
As with any franchise business, there are good things and bad things about Maaco car paint services. Maaco publishes their prices for their painting services, and they are often incredibly inexpensive. That cost can even be deferred as your insurance may cover the cost. This makes Maaco car paint affordable for just about everyone.
Is MAACO a good company to use?
While Maaco is a market leader, it isn’t perfect. You will hear several Maaco complaints by reading online reviews and asking around people who have tried the company’s services. If you are looking for other alternatives, below are some of the top options that you might want to consider:
When was the first MAACO store opened?
Established in 1972, the company’s first store was opened in Wilmington, Delaware. The brainchild of Tony Martino slowly climbed its way to the top, and by the year 2000, it had already painted more than 10 million cars, a feat that has cemented its reputation. To expand its business footprint, Maaco became a part of Driven Brands in 2008.
What does a MAACO Franchise Cost?
The initial franchise fee to own a Maaco is $40,000, initial training fee of $5,000 and advertising of $20,000. The total initial investment is between $57,762 - $403,338 (excluding working capital). The purchase of an existing Maaco business will differ in fee structure and investment. Maaco also requires a net worth of $300,000, $140,000 or more in liquid assets, as well as a credit score of 700+.
How much does it cost to own a Maaco franchise?
The initial franchise fee to own a Maaco is $40,000, initial training fee of $5,000 and advertising of $20,000. The total initial investment is between $57,762 - $403,338 (excluding working capital). The purchase of an existing Maaco business will differ in fee structure and investment. Maaco also requires a net worth of $300,000, $140,000 or more in liquid assets, as well as a credit score of 700+.
What is the Maaco paint industry?
Maaco is truly the leader in the massive 45 billion dollar automotive paint and collision industry. With virtually no nationally branded competition and over 45 years of experience, Maaco dominates the automotive cosmetic paint market share at over 45%. Furthermore Maaco’ s advancement in the cosmetic collision (“cosmolision”) sector provides dealers with huge opportunity for continued growth.
Is it easy to purchase a franchise?
Making a decision to purchase a franchise is never easy, that is why we think you will be impressed with our people, our brand and your ability to make a fantastic living while maintaining a strong quality of life.
Is Maaco a franchise?
If you are worried about not having automotive experience, that is not a problem at all. Maaco is a retail oriented franchise business with successful owners from many walks of life. If the thought of a proven business model, family oriented operating hours and huge income potential excite you then we encourage you to take a deeper look into Maaco Franchising.
How long is a franchise agreement?
What you need to know: Franchise terms are typically anywhere from 5 to 20 years in length, but are sometimes instead dependent on factors such as the term of your lease. Once your term is up, you may have the option to renew your agreement, typically for a smaller fee than the original franchise fee.
What is the franchise fee?
What you need to know: Found in Item 5 of the FDD, this may be a flat fee, or may vary based on territory size, experience, or other factors.The franchise fee is an up-front (one-time) cost that a new franchisee pays to the franchisor. This fee is usually due at the signing of the franchise agreement and covers the right to use the franchisor's trademarks, name, and related business systems.
Do franchisors have in-house financing?
Some franchisors offer in-house financing, while others have relationships with third-party financing sources to which they refer qualified franchisees.
