Is Meineke A good franchise?
A franchise that car owners depend on. The automotive industry is strong, and drivers will always need a trustworthy partner for their automotive needs. With 70% brand recognition, Meineke is the high-quality, technology-focused one-stop center for car owners across the country.
Why Meineke for car owners?
A franchise that car owners depend on. The automotive industry is strong, and drivers will always need a trustworthy partner for their automotive needs. With 70% brand recognition, Meineke is the high-quality, technology-focused one-stop center for car owners across the country. Grow your portfolio with a steadfast brand in a reliable industry.
Do I need a prospectus to enter into a franchise agreement?
Any offer to enter into a business arrangement shall be by a prospectus as required by law, if any. A new franchisee’s results may differ from the represented performance. There is no assurance that you will meet or exceed the financial performance information stated herein, and you must assume that risk.
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How much does a Meineke franchise owner make?
How much does an Owner make at Meineke Car Care in the United States? Average Meineke Car Care Owner yearly pay in the United States is approximately $45,000, which is 27% below the national average.
Is Meineke a franchise?
Meineke is a one-stop, automotive franchise shop that offers a wide variety of services to customers. Through constant research of car care products and the car repair market, Meineke assists franchisees in maximizing earning potential through service, repair and products.
What is the average cost of a franchise?
Franchise startup costs can be as low as $10,000 or as high as $5 million, with the majority falling somewhere between $100,000 and $300,000. The price all depends on the industry, location and type of franchise.
Are automotive franchises profitable?
PROFITS FROM AUTOMOTIVE FRANCHISES Average gross revenue across the board is about $650k, profit for an owner-operated model is about $140k a year, margins of about 21%. If you have a general manager in place running your franchise, that will take your profit down to just under $100k a year and margins of 14%.
How many Meineke locations are there?
900 locationsFleet Services You can rely on Meineke for all of your fleet service needs. With over 900 locations, you're never far from a name you can trust.
Where is the Meineke headquarters located?
Charlotte, NCMeineke Car Care Center / Headquarters
How much does a franchise owner make a year?
According to a survey done by Franchise Business Review involving 28,500 franchise owners, the average pre-tax annual income of franchise owners is about 80,000 dollars.
What franchise makes the most money?
What is the most profitable franchise to own? According to the Franchise 500 list of 2021, Taco Bell is the most profitable franchise to own. The food chain has been franchising for nearly 6 decades and is still seeking franchises worldwide. As of 2021, they have 7,567 open units.
Is a franchise a good investment?
If you're a fledgling entrepreneur or a seasoned business person wanting to diversify your holdings, you've probably wondered, “Are franchises a good investment?” The simple answer is yes, especially if a great opportunity presents itself. There is an obvious appeal to starting a business via buying a franchise.
Is a mechanic shop a good investment?
Advantages of owning your own auto repair shop An auto repair shop is a good source of income, and it thrives, especially when the economy booms because many people would get a car. Moreover, bodyshops are some of the relatively few businesses that are not threatened by the boom in online commerce.
What is the most profitable part of a car dealership?
Mostly From Service, Not From Car SalesThe new vehicle department of a car dealership accounts for about 30 percent of a dealership's gross profits.According to NADA, nearly 37 percent of a dealership's gross profit comes from the sale of F&I products and service contracts on new and used cars.More items...•
Are new car dealerships profitable?
The average profit for new-car dealerships is estimated at $7.1 million.
Who started Meineke?
Sam MeinekeIn 1972, Sam Meineke founded Meineke Discount Muffler in San Antonio, TX, with the first franchise being sold later that year. Innovation has always been a theme with Meineke, as Sam would test new ideas in the ten shops he owned personally before passing them on to the franchisees.
Is Meineke German?
The origin of the name is the southern German form "Meinhardt," which is a compound of "strength" (Mein) and "bravery" (Hardt).
Does Meineke do PA state inspections?
Meineke's experienced mechanics accomplish two Pennsylvania State automobile requirements in one visit.
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A franchise that car owners depend on
The automotive industry is strong, and drivers will always need a trustworthy partner for their automotive needs. With 70% brand recognition, Meineke is the high-quality, technology-focused one-stop center for car owners across the country. Grow your portfolio with a steadfast brand in a reliable industry.
Join the Family
With decades of experience under our belt, we help franchise owners grow their bottom line faster.
When it comes to what we know about car care, few others can compete
From paint, collision, oil changes, and more, Driven Brands does it all with innovation at the heart and soul of our operations.
Get on the road to franchise ownership
Fill out our form and one of our Franchise Development Directors will contact you. We look forward to speaking with you.
How much does a Meineke Car Care Centers franchise make?
Typically, franchise profits are proportionate to the size of investment. We can help you figure out how much money you can make by reviewing your personal situation. Please unlock this franchise for more information.
What does it mean to find the best franchise?
Finding the best franchise means comparing several brands to determine the ideal fit for you.
Is Meineke Car Care a graded facility?
Meineke Car Care Centers is graded based on our most recent research.
Are there any Meineke Car Care Centers franchise opportunities near me?
Based on 2020 FDD data, Meineke Car Care Centers has franchise locations in 47 states. The largest region is the South with 258 franchise locations.
