With system wide sales approaching a billion dollars, Maaco is regarded as one of the best franchise opportunities available. As a Maaco franchisee, experience the benefits of owning your own business while having the support and backing of a nationally recognized brand. We are with you every step of the way.
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 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:
How long does a MAACO paint job last?
Car paint jobs can last ten years or more, depending on their quality. However, with Maaco, we do not expect the lifespan to be as long. The price alone should already give you a clue that it will not last many years. It may peel or crack after a few years, especially if your car is often exposed to damaging external elements.
How many cars has MAACO painted?
Maaco has painted over 20 million cars, which further solidified its position in the industry. Today, Maaco is a leader in the $325-billion automotive aftercare market. Dubbed America’s favorite body shop, Maaco has more than 400 independent franchises in the United States and Canada.
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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 $100k a year and margins of 14%.
How many Maaco franchises are there?
MAACOTrade nameMAACO Collision Repair & Auto PaintingNumber of locations508 (2021)Key peopleRobert Benjamin (President)ProductsCollision repair, auto paintingRevenueUS$ 518 million (2016)8 more rows
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 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 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!
Who runs Maaco?
MAACO is an American company which mainly focuses on providing various automotive services to its customers. The company has more than 300 employees working under it. The company has Robert Benjamin as its current President.
Where is the Maaco headquarters?
Charlotte, NCMAACO / Headquarters
How much would it be to repaint a car?
Basic costs range from $300 to $1,000. Standard: The cost of a standard paint job usually includes sanding the body and removing rust before painting to get an attractive finish. Standard costs range from $1,000 to $4,500.
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.
Is the Body Shop a franchise?
FRANCHISE OPPORTUNITIES In 1978 we established our first Franchise partnership, the beginning of a valued global Franchise Community, which has expanded over the last 40 years, establishing The Body Shop as one of the largest cosmetics and toiletries retailers in the world.
Is car star a franchise?
Carstar is one of the largest premier networks of collision repair businesses with more than 650 locations throughout the U.S. and Canada. This dynamic franchise offers independent franchisees resources and support to become competitive in the vehicle repairs industry.
Where is the Maaco headquarters?
Charlotte, NCMAACO / Headquarters
Is car star a franchise?
Carstar is one of the largest premier networks of collision repair businesses with more than 650 locations throughout the U.S. and Canada. This dynamic franchise offers independent franchisees resources and support to become competitive in the vehicle repairs industry.
Is the Body Shop a franchise?
FRANCHISE OPPORTUNITIES In 1978 we established our first Franchise partnership, the beginning of a valued global Franchise Community, which has expanded over the last 40 years, establishing The Body Shop as one of the largest cosmetics and toiletries retailers in the world.
How much would it be to repaint a car?
Basic costs range from $300 to $1,000. Standard: The cost of a standard paint job usually includes sanding the body and removing rust before painting to get an attractive finish. Standard costs range from $1,000 to $4,500.
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.
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.
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.
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+.
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.
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+.
How long is on the job training?
3+ weeks of on-the-job training for both you and your employees.
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.
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.
Does a MAACO Franchise Make Money?
A critical part of your due diligence is to build an estimated P&L (profit and loss statement) and see what the numbers might look like if you become a MAACO franchisee . Reading Chapter 13 of The Educated Franchise teaches you the secrets of this key step.
Is MAACO a serious franchise?
Owning a MAACO franchise is a serious commitment and works best when you make a thoughtful, educated decision. Just because you love MAACO’s products or services doesn’t mean that you will be able to successfully operate a MAACO franchise. Being emotionally attached to the idea of becoming a MAACO franchisee is not a state ...
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 a BJPXR9?
12. Exclusive to Matco, the BJPXR9 ball joint connected adapter kit is fully compatible with ball joint cups and adapters from most Matco and OTC ball joint kits, including MST6529, MBJA20, LUBJP, BJP7025C, and MST6539 kits. The C-frame can also be used on U-joints, wheel studs, and heavy-duty wheel studs, and is compatible with applicable Matco and OTC kits.
How many Matco distributors are there in 2020?
2020 Weekly National Distributor Sales Average for the 1,508 Matco Distributors in the United States who (i) were in business at the beginning of 2020, (ii) were operating at the end of 2020, and (iii) reported sales close-outs at least 48 weeks during 2020
What is section V of Matco tools?
Section V – Presentation and analysis of Matco Tools’ financial performance representations, based on Item 19 of the company’s 2021 FDD, including information on the:
How many states does Matco Tools have franchises?
17. Today, Matco Tools has franchise dealers in all 50 states as well as Canada and Puerto Rico.
What is the Franchise 500?
Recognized as an invaluable resource for potential franchisees, the Franchise 500 ranks Matco Tools 50th for its outstanding performance in areas including unit growth , financial strength and stability, and brand power. Factors that go into the evaluation include: costs and fees, size and growth, support, brand strength, and financial strength and stability. Each franchise is given a cumulative score based on an analysis of more than 150 data points.
What is the all day power system for Matco?
8. The all-day power system includes an automotive grade, NMC lithium ion storage pack that will provide Matco trucks with 18,000 Whs of storage and 3.6 kW of 120 AC (30A). The system provides all the energy operators need to power air conditioning, lighting, computer systems, and more. Franchisees can recharge their systems overnight and take the power with them during the day.
When will Matco release the new ball joint adapter?
10. In mid-July 2020, Matco Tools released the new Matco BJPXR9 Ball Joint Connected Adapter Kit, which covers 29 percent more vehicle models than competitive kits, with fewer adapters. The patent-pending secure-click C-frame holds adapters, cups, and ball joints securely, making it easier to setup, remove, and install ball joints.
Does Maaco Do Good Body Work?
If you know a thing or two about car paint, then you can testify about the importance of proper bodywork. Overall, Maaco paint jobs are affordable and look great.
Does Maaco Wrap Cars?
On their official website, Maaco doesn’t list car wrapping as one of their services. However, you can visit the nearest Maaco shop near you and confirm whether this service is available.
What Colors Does Maaco Offer?
At Maaco, car owners can choose from more than 45 different car paint colors. All the common colors which include white, gray, black, red, and blue are available.
What Kind of Paint Does Maaco Use?
Different packages use varying types of paint. Be as it may, Maaco does use various brands of car paint depending on the vehicle being repainted. Maaco claims to use a urethane upgrade that is stronger and more hardened.
Does Maaco Paint Rims?
Another advantage of choosing Maaco is that they will do anything you want, provided it is related to paint. So, yes they will paint rims for you.
How Long Does Maaco Take to Paint A Car?
More than three-quarters of the cars brought in at Maaco paint shops are usually ready after two or three business days.
Does Maaco Do Rust Repair?
Maaco also specializes in rust repair. Quite often, most car owners ignore minor rust damage. The downside of doing so is that the extent of the damage often escalates if not repaired as soon as possible.
