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Below is an in-depth analysis and side-by-side comparison of Master Mechanic vs Mikes Master Mechanics including start-up costs and fees, business experience requirements, training & support and financing options.
Start-Up Costs and Fees |
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Investment | $175,000 - $225,000 | $122,000 - $400,000 |
Franchise Fee | $30,000 | $30,000 - $345,000 |
Royalty Fee | 6% | 6% |
Advertising Fee | 3% | 1% |
Year Founded | 1982 | 2002 |
Year Franchised | 1983 | 0 |
Term Of Agreement | - | - |
Term Of Agreement | - | - |
Renewal Fee | - | - |
Business Experience Requirements |
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Experience | - | Automotive knowledge is helpful, but not necessary. Strong Marketing and Communication Skills. Experience in Sales and Business Operations. The ability to manage and motivate a team of employees. Strong Organizational skills and ability to follow a proven system Desire to Build a Successful Business while servicing your community. |
Financing Options |
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In-House/3rd Party | In-House/3rd Party | |
Franchise Fees | -/- | -/- |
Start-up Costs | -/- | -/- |
Equipment | -/- | -/- |
Inventory | -/- | -/- |
Receivables | -/- | -/- |
Payroll | -/- | -/- |
Training & Support |
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Training | - | Operational/Management Training In-Store Training Hiring Assistance Customer Satisfaction Training Quality Assurance Procedures Accounting Systems Training Acquiring Wholesale Accounts Insurance Selection Warranty Programs Proprietary Software Training Advertising/Marketing Best Practices |
Support | - | Site Selection Assistance Facilities Design Lease Negotiation Assistance Source for Financing New Business Start-Up Planning Training Support |
Marketing | - | - |
Operations | - | - |
Expansion Plans |
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US Expansion | - | Yes |
Canada Expansion | No | - |
International Expansion | No | - |
The business provides full-service automotive repair and maintenance services to both retail and commercial clients through its franchisees, with special emphasis on drivability and engine performance. This is an excellent opportunity for existing independent garages looking to rebrand or for those with automotive and/or business experience who are considering the benefits of owning their own business. Many consumers today are in desperate search for an auto repair/maintenance facility who can provide this level of trust in your mechanic to the same extent as your doctor or dentist -- this is the relationship Master Mechanic works very hard to create. The independent auto repair/maintenance market is rather diverse with specialists in everything from oil changes to exhausts to tires to transmissions...creating confusion for many consumers as he/she must now be expected to know what's wrong with their car, then know who specializes in that service and then undertake the selection process as to which shop to do business. At Master Mechanic, there is neither confusion nor doubt because we are full-service facilities -- everything from a basic oil change to complex engine diagnostics all performed by licenced technicians. Let's take a look at the options...the fast lube market lacks the technical expertise for anything beyond fluid changes...the big box stores have been branded with perceived lower cost but unreliable service...while the new car dealerships tend to be very costly leaving the independents like Master Mechanic Franchises as a very attractive alternative.
We've changed how franchisees are treated. Most automotive franchisors prey upon their franchisees, leaving them scrambling to survive. We believe we'll be more successful if our franchisees are successful. Mike's Master Mechanics has developed a few distinctly different ways for people to take advantage of the growing need for automotive service and opportunities franchising has to offer. Area Developer Area Developer programs are well-suited for business executives who enjoy coaching and assisting others succeed while financially benefiting for these efforts. Area Developers share in the franchise income and royalties collected within their territories. These financial rewards can be tremendous but the benefits are many and include: Career Flexibility Career Prestige Satisfaction of Helping Others Multiple Revenue Options Single & Multi-Unit Franchisee Single and multi-unit franchise options are for those who wish to own and operate their own business and take control of their own financial future. A Mike's Master Mechanics franchise is a great vehicle for wealth building, career security and freedom from corporate politics. One very unique feature offered within a Mike's Master Mechanics franchise is the opportunity of owning the real estate your business uses. This can add greatly to your financial security and wealth building strategies and is almost unheard of for most service franchises that reside in strip malls or shopping centers. There is no better time to invest in yourself and partner with someone who cares about your success. Joining Mike's Master Mechanics is the best way to take advantage of this growing industry! You can capitalize on the huge market need and stand out from the competition using our first-rate infrastructure. Entry costs are competitive and your earning potential is unlimited!