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How do I open 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.
How long has Maaco been in business?
As America's #1 auto paint and collision repair provider, Maaco has serviced more than 20 million cars since 1972.
How many Maaco locations are there in the US?
406MAACOTrade nameMAACO Collision Repair & Auto PaintingHeadquarters440 S. Church Street Charlotte, North Carolina, U.S.Number of locations406 (2021)Key peopleRobert Benjamin (President)ProductsCollision repair, auto painting8 more rows
Where is the Maaco headquarters?
Charlotte, NCMAACO / Headquarters
How much do Maaco owners make?
Our average certified centers see sales volumes over $1.3 million*, pulling a net income over $198,000* for certified centers!
What is the cheapest paint job for a car?
Basic: The most inexpensive paint job involves as few coats as possible, using synthetic enamel paint. For the basic job, the painters are unlikely to paint areas that are not normally visible, such as the inside of the hood. Basic costs range from $300 to $1,000.
Who is the CEO of Maaco?
Jonathan Fitzpatrick (Jul 2012–)MAACO / CEO
What is Maaco preferred paint?
Preferred paint Our Preferred Service is your best bet and comes with a three-year warranty. This single-stage application uses urethane, which resists chipping and is much more resilient than enamel finishes.
Is Maaco a public company?
Its stock starts trading Friday on the Nasdaq exchange. Driven Brands Holdings Inc., the Charlotte-based owner of auto service franchisers like Meineke and Maaco, has completed a $700 million initial public offering. Shares are to start trading today on the Nasdaq Global Select Market under the ticker symbol DRVN.
Are Aamco and Maaco related?
AAMCO is an American transmission-repair franchise founded by Robert Morgan and Anthony A. Martino (who used the first letter of each name to form the names AAMCO and later MAACO) in 1957 in Philadelphia.
How do you spell Maaco?
Record the pronunciation of this word in your own voice and play it to listen to how you have pronounced it.
Who is the CEO of Maaco?
Jonathan Fitzpatrick (Jul 2012–)MAACO / CEO
Is Maaco a public company?
Its stock starts trading Friday on the Nasdaq exchange. Driven Brands Holdings Inc., the Charlotte-based owner of auto service franchisers like Meineke and Maaco, has completed a $700 million initial public offering. Shares are to start trading today on the Nasdaq Global Select Market under the ticker symbol DRVN.
Are Aamco and Maaco related?
AAMCO is an American transmission-repair franchise founded by Robert Morgan and Anthony A. Martino (who used the first letter of each name to form the names AAMCO and later MAACO) in 1957 in Philadelphia.
Capitalize on a trusted brand
Remember “Uh oh, better get Maaco?” Maaco has strong brand recognition with a name more familiar and more trusted than independent shops.
Benefit from 5 decades of expertise
Maaco leads the way in experienced automotive franchises. Our corporate team is well-equipped to guide Franchise Owners down the right path and set them up for success. You just have to take the wheel, not reinvent it.
Maaco Franchise Owners are leaders in their communities
As a Maaco Franchise Owner, you can make a big impact, not only by painting and repairing your neighbors’ cars, but by hiring a great local team and becoming a business leader in your own community.
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.
Who is the franchisor of Maaco?
The franchisor is Maaco Franchisor SPV LLC. This is a direct and wholly-owned subsidiary of Driven Systems LLC. The business offers repair for automobiles, specifically painting. It could be under the names of the following:
How profitable is Maaco?
With the right management and technical skillset, your Maaco center can be extremely profitable. In fact, their franchise owners have an average of $1.15M of annual sales. Without a doubt, this is a testament to the great support you can get from the franchisor.
What is The Mr. Appliance Franchise Cost?
For your home and office appliance needs and repairs, there’s only one name you can trust if you’re in the United States or Canada. Mr. Appliance is a reliable company with decades of experience. The company has been offering franchising opportunities since 1996. So, if you want a money-making venture, learn more about Mr. Appliance’s franchise terms and costs.
What happens if a franchise fails to meet the requirements?
If franchisees fail to meet the requirements in the Franchise Agreement, the franchisor can terminate their rights to franchise and market.
What is a Unishipper franchise?
Acquiring a Unishipper franchise permits a franchisee to establish, promote, bill, and collect transportation services on customer’s accounts. The services include domestic and international carrier businesses. At the moment, the franchisor only offers national franchises for sale to prospective franchisees.
How many cars has Maaco serviced?
As they always say, experience is the best teacher. Considering that Maaco has serviced more than 20 million cars, it is safe to say that they are truly knowledgeable about what they do. It’s hard to beat 20 million car owners who have trusted the company indeed.
How long is the franchise agreement?
The term of the agreement is 15 years and could be renewed for another 15 years. Take note that the agreement can be renewed only if the franchisee is able to meet the requirements.
What is Maaco's business model?
1. In late January 2020, Maaco discussed how the brand utilizes fleet business opportunities as part of its three-pronged business model and to drive traffic at its franchise locations. The unique Maaco business model has a diverse customer base, bringing revenue opportunities from consumer-paid work for cosmetic painting and collision repair, insurance-paid collision repair, and revenue from national fleet contract work, provided through Maaco’s National Fleet program. These three revenue streams provide a consistent flow of business for Maaco franchisees and help to make the brand’s business model recession-resistant.
Who is the founder of Maaco?
20. Maaco was founded in 1972 by Anthony A. Martino and Daniel I. Rhode in Wilmington, Delaware. A decade before starting Maaco, Martino founded AAMCO Transmissions with partner Robert Morgan. Martino created both names by using the first letters from his name (Anthony A. Martino). Using his years of experience in the automotive services industry, Martino launched Maaco to provide affordable automotive painting services.
When is the Maaco convention?
The 2020 Maaco Convention was a time to showcase successes from the year as the event aimed to provide key company updates along with celebrating its top-performing franchisees with its annual awards.
MAACO Franchise Complaints
The concept is dated and the franchisor Driven Brands / Maaco / Meineke has lost site of what the franchisors part of the deal is. Everyone I went to training with was out of business by the third year. Maaco is constantly turning over franchisees. The new start-ups fail the quickest.
More MAACO Franchise Complaints
20 years ago… I did desire to own a business and choose MAACO believing it was the best.
What is Maaco fleet?
Maaco's fleet services can help business fleets, both large and small, to centralize repairs and save money. Our current customers include car rental and leasing companies, government and municipal agencies, telecommunications providers, food and beverage companies, DRP insurance programs, and more. So no matter what the size of your fleet, or your business, Maaco offers the right service for you.
How many cars does Maaco service?
With more than 20 million cars serviced, Maaco is the #1 body shop in North America to help you turn the car you drive, back into the car you love.
How many drivers trust Maaco?
20 million drivers have trusted Maaco's easy and affordable body shops - from minor damage to large repairs. We work with all major insurance companies to schedule, inspect and repair your vehicle. Get an estimate today
Is Maaco a franchise?
Maaco! As a new franchisee, you'll not only be a MAACO owner, but a part of the MAACO family, a 42 year old tradition of automotive excellence. You'll align yourself with a successful business that continues to see year-over-year growth and has dedicated itself to being #1 in its industry.
Is Maaco a good body shop?
As the world's largest provider of auto painting, auto body repair and collision services, Maaco offers more benefits than any other body shop, including a nationwide warranty and 40+ years of industry experience. We are committed to offering drivers easy, affordable and reliable car painting and auto body services that will turn the car they drive back into the car they love.
