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Below is an in-depth analysis and side-by-side comparison of Mister Transmission vs Lubepro's International Inc. including start-up costs and fees, business experience requirements, training & support and financing options.
Start-Up Costs and Fees |
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Investment | $204,006 - $288,409 | $223,000 - $274,000 |
Franchise Fee | $45,000 | $32,000 |
Royalty Fee | 7% | 5% |
Advertising Fee | - | 5% |
Year Founded | 1963 | 1978 |
Year Franchised | 1969 | 1985 |
Term Of Agreement | 10 years | 20 Years +10+10 |
Term Of Agreement | 10 years | 20 Years +10+10 |
Renewal Fee | - | - |
Business Experience Requirements |
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Experience | - | |
Financing Options |
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In-House/3rd Party | In-House/3rd Party | |
Franchise Fees | No/No | -/- |
Start-up Costs | No/No | -/- |
Equipment | No/Yes | -/- |
Inventory | No/No | -/- |
Receivables | No/No | -/- |
Payroll | No/No | -/- |
Training & Support |
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Training | - | 1. Rockford, IL 10 Days 2. In-Store 7 Days |
Support | Newsletter, Meetings, Internet, Field operations/evaluations | Field Operation Evaluation Field Training Initial Store Opening Regional or National Meetings 800 Telephone Hotline |
Marketing | National media, Regional advertising | - |
Operations |
9% of all franchisees own more than one unit Number of employees needed to run franchised unit: 4 - 5
Absentee ownership of franchise is NOT allowed. (100% of current franchisees are owner/operators) | Average Number of Employees: 9 Full-time, 0 Part-time Passive Ownership: Allowed |
Expansion Plans |
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US Expansion | - | Yes |
Canada Expansion | No | - |
International Expansion | Yes | - |