Mr. Transmission vs Econo Lube N' Tune Franchise Comparison

Below is an in-depth analysis and side-by-side comparison of Mr. Transmission vs Econo Lube N' Tune including start-up costs and fees, business experience requirements, training & support and financing options.

Start-Up Costs and Fees
 
Mr. Transmission Franchise
Econo Lube N' Tune Franchise
Investment $203,613 - $296,767$145,135 - $201,690
Franchise Fee $45,000$29,500
Royalty Fee 7%5%
Advertising Fee $100/mo.6%
Year Founded 19561973
Year Franchised 19761973
Term Of Agreement 20 years20 years
Term Of Agreement 20 years20 years
Renewal Fee $2.5K-


Business Experience Requirements
 
Mr. Transmission Franchise
Econo Lube N' Tune Franchise
Experience
  • General business experience
  • Marketing skills
    		• -

    Financing Options
     
    Mr. Transmission Franchise
    Econo Lube N' Tune Franchise
      In-House/3rd PartyIn-House/3rd Party
    Franchise Fees No/Yes-/-
    Start-up Costs No/No-/-
    Equipment No/Yes-/-
    Inventory No/Yes-/-
    Receivables No/No-/-
    Payroll No/No-/-

    Training & Support
     
    Mr. Transmission Franchise
    Econo Lube N' Tune Franchise
    Training --
    Support Whether you are looking for a single brand opportunity or a co-brand approach, we offer you the support to build and sustain a successful business. On-Site and Classroom Training: During your hands-on training, you'll learn firsthand about how the business works. You'll interface with employees and customers. You'll watch the selling process in action. You become familiar with the business, inside and out. Pre-Opening Support Services: Site Selection Assistance Lease Negotiation Assistance Third Party Financing Relationships (including SBA) New Business Start-Up Planning Comprehensive Concept & Operational Training: Proven Business Systems Implementation Financial Management Training Lead Generation System Training Personnel and Safety Systems Customer Relations Training Marketing and Sales Development Business to Business Sales Training and Programs Ongoing Support Services and Franchisee Assistance Technical Assistance "Hot-Line" Lead Generation Programs Supplier Relationships System Wide Intranet National Warranty Program Customer Financing Programs National Fleet Programs Human Resources and Personnel Consultation Custom Designed Computer Software Business Performance Analysis -
    Marketing Co-op advertising, Ad slicks, National media, Regional advertising-
    Operations

    Number of employees needed to run franchised unit: 3 - 5

    Absentee ownership of franchise is allowed. (93% of current franchisees are owner/operators)

    		-

    Expansion Plans
     
    Mr. Transmission Franchise
    Econo Lube N' Tune Franchise
    US Expansion Yes-
    Canada Expansion No-
    International Expansion No-

    Company Overviews

    About Mr. Transmission

    A perceived brand for more than 50 years, we've manufactured a strong notoriety as the expert transmission specialists.

    * As the second biggest transmission establishment in the province, we are one of the business pioneers.

    * Specializing in transmission and drive prepare support repair, modifies and substitution.

    * Consistently positioned as one of the top car repair establishments in Entrepreneur Magazine Franchise 500 and respected as a Top Military Friendly Franchise by GI Jobs Magazine

    The total investment necessary to begin operation of a Mr. Transmission franchised business ranges from $203,613 to $260,873. This includes $46,188 that must be paid to the franchisor or affiliate.
    The total investment necessary to begin operation of a Milex Complete Auto Care franchised business ranges from $197,457 to $265,860. This includes $46,188 that must be paid to the franchisor or affiliate. The total investment necessary to begin operation of a Mr. Transmission and Milex Complete Auto Care co-branded franchised business ranges from $228,364 to $296,767. This includes $56,188 that must be paid to the franchisor or its affiliate.



    About Econo Lube N' Tune

    Econo Lube N' Tune & Brake's "turn-key" process is as simple as it sounds. If you are approved for a franchise and successfully complete the intensive initial training program - you'll simply "turn-the-key" and step into a fully staffed, equipped and operationally ready Econo Lube N' Tune & Brakes automotive service center, though we also provide you a credit which you can use to make additional cosmetic improvements. Econo Lube N' Tune & Brakes has existing centers as well as new locations available for franchising. Currently the Company is focusing on expansion in Arizona, Colorado, and Dallas (9/1/04) Econo Lube N' Tune & Brakes approaches the franchise process with a different philosophy than most other franchise companies. At Econo Lube N' Tune & Brakes we won't ask a potential franchise owner to invest or participate in developing a location until the company itself has made a substantial investment in time, energy, professional services and money. Before a prospective franchise owner is asked to commit to an Econo Lube N' Tune & Brakes location, the Company has: * Identified the marketplace * Selected a site * Purchased the property * Planned, designed and constructed the building * In most cases, acquired and installed all furniture, fixtures, equipment and signage * Fully stocked the location with all oil change, tune-up and brake parts needed * Hired and trained a staff to operate the location * Trained the new franchise owner Anyone who has ever opened their own business and has had to accomplish all of these goals on their own can truly relate, and appreciate the "turn-key" process we offer here at Econo Lube N' Tune & Brakes.