Lee Myles Transmissions Franchise

Transmission repair services


Lee Myles was a musician and automobile technician in the 1930s and '40s when he heard about problems with the 'new' automatic transmissions. He opened his first Lee Myles Transmissions center in 1947 and began franchising in 1964. The company now has more than 85 locations throughout the United States.

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Please Note: The operators of Lee Myles Transmissions, may not have verified the accuracy of the Franchise information contained within this website. For accurate up-to-date information, investors are strongly recommended to visit the official Lee Myles Transmissions website.

How much does it cost to open a Lee Myles Transmissions Franchise?

The estimated investment required to open a Lee Myles Transmissions Franchise is between $137,400-$182,800. There is an initial franchise fee of $27,500 which grants you the license to run a business under the Lee Myles Transmissions name.

Individual Unit Costs

  • Initial Investment:
    $137,400-$182,800
  • Initial Franchise Fee:
    $27,500
  • Royalty Fee:
    7%
  • Advertising Fee:
  • Term of Agreement:
    15 years
  • Renewal Fee:
    15% of current franchise fee



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Lee Myles Transmissions News & Press Releases

When did the first Lee Myles Transmissions open? 1947
When did Lee Myles Transmissions start Franchising? 1964

Year U.S.A. Canada International Corporate
2005 104 0 0 0
2004 107 0 0 0
2003 91 0 0 0
2002 90 0 0 0
2001 86 0 0 0
Year U.S.A.
2005 104
2004 107
2003 91
2002 90
2001 86
Year Canada
2005 0
2004 0
2003 0
2002 0
2001 0
Year International
2005 0
2004 0
2003 0
2002 0
2001 0
Year Corporate
2005 0
2004 0
2003 0
2002 0
2001 0

United States: Alabama, Arkansas, Arizona, California, Colorado, Connecticut, Delaware, Florida, Georgia, Iowa, Idaho, Illinois, Indiana, Kansas, Kentucky, Louisiana, Massachusetts, Maryland, Maine, Michigan, Minnesota, Missouri, Mississippi, Montana, Nebraska, North Carolina, North Dakota, New Hampshire, New Jersey, New Mexico, Nevada, New York, Ohio, Oklahoma, Oregon, Pennsylvania, Rhode Island, South Carolina, South Dakota, Tennessee, Texas, Utah, Virginia, Vermont, Washington, Wisconsin, West Virginia, Wyoming,

Expense In-House Third Party
Franchise Fee No Yes
Startup Costs No Yes
Equipment No Yes
Inventory No Yes
Accounts Receivable No No
Payroll No No

Third Party Financing Source(s): the SBA

Support
Newsletter, Meetings, Toll-free phone line, Grand opening, Internet, Security/safety procedures, Field operations/evaluations

Marketing
Co-op advertising, Ad slicks, National media, Regional advertising

10% of all franchisees own more than one unit

Number of employees needed to run franchised unit: 4

Absentee ownership of franchise is NOT allowed. (100% of current franchisees are owner/operators)

Business Experience:

  • Industry experience
  • General business experience
  • Marketing skills

  • Your income potential as a Lee Myles Transmissions Franchise entrepreneur depends vastly on many factors. As an entrepreneur, the goals to achieve are related to expanding sales while lowering your operation costs and increasing the quality of your products and or services. Each month your operating costs can include royalty fees, mortgage / rent, supplies for products, staffing, utilities, bookwork, stationary and other items. From one month to the next, you may find your costs fluctuate, but your up-front costs are, for the most part, fixed and they will cover most of the initial setup of equipment, signage and renovations.

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    Legal Disclaimer: This information is not a franchise offering for Lee Myles Transmissions and should not be construed as such. The Franchise Mall makes every effort to maintain accurate franchise data but does not guarantee nor assume liability for incorrect data. We recommend that anyone seriously interested in pursuing a Lee Myles Transmissions franchise opportunity, review that franchise's Franchise Disclosure Document (FDD) with an attorney and accountant.

    Lee Myles Transmissions

    Lee Myles Transmissions

    Lee Myles Transmissions
    650 From Rd., 4th Fl., S. Lobby
    Paramus, NJ
    07652

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