|
Below is an in-depth analysis and side-by-side comparison of TechZone Airbag Service vs Mobalign including start-up costs and fees, business experience requirements, training & support and financing options.
Start-Up Costs and Fees |
||
Investment | $51,500 - $110,400 | $172,458 - $223,433 |
Franchise Fee | $15,000 - $35,000 | N/A |
Royalty Fee | 8.5%+marketing fee 2% | 8% |
Advertising Fee | - | 5% Local 2% Nat'l |
Year Founded | 1992 | - |
Year Franchised | 1994 | - |
Term Of Agreement | 10 years | 5 Years +5+5+5 |
Term Of Agreement | 10 years | 5 Years +5+5+5 |
Renewal Fee | $5K | - |
Business Experience Requirements |
||
Experience | - | |
Financing Options |
||
In-House/3rd Party | In-House/3rd Party | |
Franchise Fees | No/No | -/- |
Start-up Costs | No/No | -/- |
Equipment | No/No | -/- |
Inventory | No/No | -/- |
Receivables | No/No | -/- |
Payroll | No/No | -/- |
Training & Support |
||
Training | - | The initial training covers all material aspects of the operation of a Mobalign franchise and is comprised of classroom and on-the-job training and takes approximately 6 weeks. |
Support | Newsletter, Meetings, Toll-free phone line, Internet, Security/safety procedures, Field operations/evaluations, Purchasing cooperatives | Use the "Mobalign" service mark, use of distinctive system, marketing assistance, ongoing business development and consulting, and other benefits that come with owning a Mobalign franchise. |
Marketing | Co-op advertising, Ad slicks, National media, Regional advertising | - |
Operations |
Franchise can be run from home. 20% of all franchisees own more than one unit Number of employees needed to run franchised unit: 1 Absentee ownership of franchise is allowed. (100% of current franchisees are owner/operators) | - |
Expansion Plans |
||
US Expansion | - | Yes |
Canada Expansion | No | Yes |
International Expansion | Yes | - |
In the early '90s, engineer Douglas C. Hansen was working for an aerospace firm developing airbag inflators. He discovered there was a lack of understanding regarding airbag systems'how they worked, how they should be handled and how they should be repaired.
Propelled by that discovery and recent legislation that required all cars to be equipped with driver and passenger airbags, Hansen and his wife, Victoria, founded Airbag Service. Franchisees work with repair shops and consumers in testing, maintaining and replacing airbags.
The company has co-branding relationships with Novus and Apple Auto Glass.