|
Below is an in-depth analysis and side-by-side comparison of Al & Ed's Autosound vs Alloy Wheel Repair including start-up costs and fees, business experience requirements, training & support and financing options.
Start-Up Costs and Fees |
||
Investment | $160,300 - $560,200 | $63,700 - $133,500 |
Franchise Fee | $25,000 | $35,000 |
Royalty Fee | to 7% | 5% |
Advertising Fee | - | - |
Year Founded | 1954 | 1985 |
Year Franchised | 1986 | 2000 |
Term Of Agreement | - | 10 years |
Term Of Agreement | - | 10 years |
Renewal Fee | - | $2000 |
Business Experience Requirements |
||
Experience | - | Net worth requirement: $50K-250K
Cash liquidity requirement: $10K
Business Experience:
* General business experience
* Marketing skills |
Financing Options |
||
In-House/3rd Party | In-House/3rd Party | |
Franchise Fees | No/No | -/- |
Start-up Costs | No/Yes | -/- |
Equipment | No/Yes | -/- |
Inventory | No/Yes | -/- |
Receivables | No/No | -/- |
Payroll | No/No | -/- |
Training & Support |
||
Training | - | * Available at headquarters: 2 weeks * At franchisee's location: 3-5 days |
Support | - | * Newsletter * Meetings * Toll-free phone line * Grand opening * Internet * Security/safety procedures * Field operations/evaluations * Purchasing cooperatives |
Marketing | - | * Co-op advertising * Ad slicks * National media * Regional advertising |
Operations | - | * Franchise can be run from home
* 25% of all franchisees own more than one unit * Number of employees needed to run franchised unit: 3 * Absentee ownership of franchise is NOT allowed. (85% of current franchisees are owner/operators) |
Expansion Plans |
||
US Expansion | Yes | - |
Canada Expansion | No | - |
International Expansion | No | - |
Headquartered in the city of Los Angeles, CA, Al & Ed’s Autosound sells and installs today most major brands within the mobile electronics product lines, including car stereos, CD changers, amplifiers, speakers, equalizers and processors, mobile theater systems, navigation systems, security systems, radar detectors, cellular telephones and hands free kits as well as motoring accessories. The company also has an exclusive private label program featuring the MobilWorks line of car alarms and mobile entertainment audio/video products. It was Al & Ed’s that helped create today’s standards of excellence with the founding of the Mobile Electronics Certification Program for technicians, as well as the mobile division for the Electronics Industry Alliance, which currently resides under the Consumer Electronic Association.
Join the world's largest mobile wheel repair company. Alloy Wheel Repair Specialists (AWRS) is the largest company of its kind in the world (over 300 operating units). We are looking for Leaders who want to take advantage of this ground floor opportunity. As a franchisee you will build equity and make a tremendous income participating in this blossoming industry. You must have the desire to build a team and lead them to the domination of your local market.