| ||||
Updated RecentlyTunex Automotive Specialists vs Automotive Art Franchise Comparison
Below is an in-depth analysis and side-by-side comparison of Tunex Automotive Specialists vs Automotive Art including start-up costs and fees, business experience requirements, training & support and financing options.
Start-Up Costs and Fees |
||
| Investment | $155,000 - $218,000 | $175,000 - $520,000 |
| Franchise Fee | $19,000 | N/A |
| Royalty Fee | 5% | 5% |
| Advertising Fee | - | 2% local + 1% |
| Year Founded | 1972 | - |
| Year Franchised | 1974 | - |
| Term Of Agreement | 10 years | 10 years |
| Term Of Agreement | 10 years | 10 years |
| Renewal Fee | $2K | - |
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/No | -/- |
| Payroll | No/No | -/- |
Training & Support |
||
| 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 |
||
| US Expansion | - | - |
| Canada Expansion | No | - |
| International Expansion | No | - |
Company Overviews
About Tunex Automotive Specialists
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.
About Automotive Art
Automotive Art is the Caribbean's largest Auto-Care retailer of car enhancement products and services. With its corporate headquarters in Barbados, it currently operates in over 20 countries with 27 stores throughout the Caribbean, Latin America, Central and South America.Automotive Art is a one-stop superstore and service centre offering a wide choice of quality brands including accessories, batteries, car care products, paint and ancillaries, tools, tyres, wheels and the services to install them.
Our Vision is to be the leading retailer of automotive enhancement products and services to our customers.