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Below is an in-depth analysis and side-by-side comparison of Tunex Automotive Specialists vs American Engine Installations including start-up costs and fees, business experience requirements, training & support and financing options.
Start-Up Costs and Fees |
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Investment | $155,000 - $218,000 | $40,000 - $100,000 |
Franchise Fee | $19,000 | $15,000 - $37,500 |
Royalty Fee | 5% | - |
Advertising Fee | - | - |
Year Founded | 1972 | - |
Year Franchised | 1974 | - |
Term Of Agreement | 10 years | - |
Term Of Agreement | 10 years | - |
Renewal Fee | $2K | - |
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/Yes | -/- |
Start-up Costs | No/Yes | -/- |
Equipment | No/Yes | -/- |
Inventory | No/Yes | -/- |
Receivables | No/No | -/- |
Payroll | No/No | -/- |
Training & Support |
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Training | - | - |
Support | Newsletter, Meetings, Toll-free phone line, Grand opening, Internet, Security/safety procedures, Field operations/evaluations, Purchasing cooperatives | - |
Marketing | Co-op advertising, Regional advertising | - |
Operations |
8% of all franchisees own more than one unit Number of employees needed to run franchised unit: 4 Absentee ownership of franchise is allowed. (90% of current franchisees are owner/operators) | - |
Expansion Plans |
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US Expansion | - | - |
Canada Expansion | No | - |
International Expansion | No | - |
Tunex was founded in 1972, and the first service center began operating in 1974. The public company began franchising in 1975 and has more than 25 company and franchisee-owned service centers in operation. The Tunex franchise opportunity includes both a conversion option (converting an independent service center to a Tunex franchise) and independent franchise units.
AEI Industry Leader: Serving markets throughout the United States, AEI is uniquely poised as the only National Engine Installation Company focusing on automotive engine installations. With our acquisition of Fliteline Engine Supply in 2003, AEI now also offers the option of providing quality factory remanufactured longblock engines directly to Franchisees providing them pricing, warranties, and availability not generally available through other suppliers.