| ||||
Updated RecentlyMighty Auto Parts vs Lord & Partners Franchise Comparison
Below is an in-depth analysis and side-by-side comparison of Mighty Auto Parts vs Lord & Partners including start-up costs and fees, business experience requirements, training & support and financing options.
Start-Up Costs and Fees |
||
| Investment | $227,000 - $496,100 | $200,000 |
| Franchise Fee | $22,500 - $57,500 | $50,000 |
| Royalty Fee | 5% | 0% |
| Advertising Fee | 0.5% | 0% |
| Year Founded | 1963 | 1990 |
| Year Franchised | 1970 | 2005 |
| Term Of Agreement | 10 years | - |
| Term Of Agreement | 10 years | - |
| Renewal Fee | 20% of current license fee | - |
Business Experience Requirements |
||
| Experience | - | |
Financing Options |
||
| In-House/3rd Party | In-House/3rd Party | |
| Franchise Fees | No/Yes | -/- |
| Start-up Costs | No/Yes | -/- |
| Equipment | No/Yes | -/- |
| Inventory | No/Yes | -/- |
| Receivables | No/Yes | -/- |
| Payroll | No/Yes | -/- |
Training & Support |
||
| Training | On-The-Job Training: 88 hours Classroom Training: 29 hours | - |
| Support | Purchasing Co-ops Newsletter Meetings/Conventions Toll-Free Line Grand Opening Online Support Field Operations Proprietary Software Franchisee Intranet Platform | - |
| Marketing | Co-op advertising, Ad slicks, National media, Regional advertising | - |
| Operations |
6% of all franchisees own more than one unit Number of employees needed to run franchised unit: 1 Absentee ownership of franchise is allowed. (80% of current franchisees are owner/operators) | - |
Expansion Plans |
||
| US Expansion | - | - |
| Canada Expansion | No | No |
| International Expansion | No | No |
Company Overviews
About Mighty Auto Parts
Dallas Wallace began selling tire supplies to service stations and garages in 1963, expanding product lines and distributors as business grew throughout the '60s and '70s. Mighty Distribution System of America started franchising in 1970 and is still a privately held company that provides underhood and undercar parts at locations nationwide.
Seeking new franchise units throughout the U.S.,
Australia/New Zealand, Canada, Central America, Mexico, Philippines, South America and Western Europe
Veteran Incentives 25% off license fee; training/administration fee waived; special payment terms on initial inventory
!["Top]("https://d1v10wa6gxsq73.cloudfront.net/images/production/top100_icon3.png")
!["Entrepreneur]("https://d3fg11dgb68kbp.cloudfront.net/assets/photos/franchise-badge-22686037fc120ba1bd59c2c9fd6e0fbf.png"){kind=icon}
About Lord & Partners
Lord & Partners Ltd. is a leading manufacturer and supplier of environmentally responsible solvents, cleaners and specialty products which are Non WHMIS and Non Regulated (USA). Our products can be used in a variety of industries and settings including Automotive, Aviation, Government, Energy, Institutions, Marine, Mining, Manufacturing, Pulp and Paper and Transportation and they are guaranteed to perform as directed. Lord & Partners is an exciting and unique business to business franchise network serving a growing $30 billion market in representing Canadian manufactured environmentally responsible solutions that replace hazardous traditional chemicals in the workplace and reduce environmental aspects and impacts on the community. Franchisees receive comprehensive training on the proven proprietary business, marketing systems, a demo "showroom on wheels" with on going support for a protected territory.