|
Below is an in-depth analysis and side-by-side comparison of Aero Colours vs Onsite Recon including start-up costs and fees, business experience requirements, training & support and financing options.
Start-Up Costs and Fees |
||
Investment | $49,000 - $174,000 | $80,996 - $120,111 |
Franchise Fee | $25,000 - $125,000 | $22,500 |
Royalty Fee | 7% | No less than 9% |
Advertising Fee | - | 2% Nat'l 3% Local |
Year Founded | 1985 | - |
Year Franchised | 1993 | - |
Term Of Agreement | 10 years | 5 years +5+5+5 |
Term Of Agreement | 10 years | 5 years +5+5+5 |
Renewal Fee | $1K | - |
Business Experience Requirements |
||
Experience | You don�t need to have specific experience in the auto repair industry to become a franchise owner with Onsite Recon. We look for people who are motivated, optimistic, and who have some general business experience. Some background in customer service or sales would also be helpful for building relationships with customers in your territory. We also prefer franchise owners who will be directly involved in the operations and growth of their Onsite Recon franchises. We expect that franchisees have the right amount of capital to invest in the business. | |
Financing Options |
||
In-House/3rd Party | In-House/3rd Party | |
Franchise Fees | Yes/Yes | -/- |
Start-up Costs | No/Yes | -/- |
Equipment | No/Yes | -/- |
Inventory | No/Yes | -/- |
Receivables | No/No | -/- |
Payroll | No/No | -/- |
Training & Support |
||
Training | New franchise owners begin their AERO COLOURS career with a four-week training program. The first two weeks are spent at AERO COLOURS Training Center in Minneapolis, Minnesota consisting of 80 hours of classroom and hands-on training. Each new franchisee receives a pre-training exercise packet, training manual that offers step-by-step instructions on how to repair everything from chip and scratches to mending a cracked bumper, a sales and marketing manual that covers sales, marketing, advertising and promotions and an administration manual that offers information and documents needed to operate an AERO COLOURS franchise business. | We will provide you with up to 20 days of pre-opening, corporate-based training to you as the franchise owner and one other individual you designate. We will also provide you with up to four days of on-site training within 60 days of commencement of operations, to assist with marketing, sales strategies, providing services, and more, to ensure that you are up and running, and following our prescribed standards of operation. |
Support | Newsletter, Meetings, Toll-free phone line, Internet, Security/safety procedures, Field operations/evaluations | You will have access to all Onsite Recon's exclusive trademarks, equipment, products and procedures. We'll also present you with a copy of our confidential operations manual to help you run your franchise business properly on a day-to-day basis. |
Marketing | Ad slicks | - |
Operations |
Franchise can be run from home. International franchisees required to buy multiple units/master licenses; 15% of all franchisees own more than one unit Number of employees needed to run franchised unit: 4 Absentee ownership of franchise is allowed. (90% of current franchisees are owner/operators) | - |
Expansion Plans |
||
US Expansion | - | Yes |
Canada Expansion | No | - |
International Expansion | Yes | - |
Aero-Colours, Inc. is recognized as the market leader in the paint repair industry based on our superior paint repair processes, industry-leading products, and highly trained and motivated franchisees. In addition to the dealer market, opportunities also exist with wholesalers, commercial fleets and individual car owners. Experience in paint repair is not necessary as many of our successful franchisees come to us with unrelated business experience and careers. We will teach you to be successful in this business if you have a genuine interest and are willing to make the commitment for success. Why Choose Aero-Colours? One of the many benefits of being part of the Aero-Colours family of franchise owners is that Aero-Colours has a vested interest in your success. If your business is successful, that success has a major impact on the overall success of the entire Aero-Colours franchise system. Each new franchisee success story translates into stronger market penetration and strength. After training, our franchise owners have the know-how to get the job done right using the products we developed for our specialized business. Proper training combined with regular technical updates, training seminars and access to our technical experts by telephone, fax and the internet give our franchisees access to the shared experience of hundreds of their colleagues nationally. In an ever-changing automotive industry, our full-time chemical engineer keeps us on the cutting edge of technology. We do the research and testing so you can concentrate on running the business.