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Below is an in-depth analysis and side-by-side comparison of Atlantic Pinstriping vs Miracle Auto Painting including start-up costs and fees, business experience requirements, training & support and financing options.
Start-Up Costs and Fees |
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Investment | $45,600 - $68,500 | $216,000 - $273,000 |
Franchise Fee | $30,000 | $35,000 |
Royalty Fee | 7% | 5% |
Advertising Fee | - | - |
Year Founded | 2003 | 1953 |
Year Franchised | 2004 | 1964 |
Term Of Agreement | 5 years | 10 years |
Term Of Agreement | 5 years | 10 years |
Renewal Fee | $500 | $1.5K |
Business Experience Requirements |
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Experience | - | |
Financing Options |
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In-House/3rd Party | In-House/3rd Party | |
Franchise Fees | No/Yes | No/Yes |
Start-up Costs | No/Yes | No/Yes |
Equipment | No/Yes | No/Yes |
Inventory | No/Yes | Yes/No |
Receivables | No/Yes | No/No |
Payroll | No/Yes | No/No |
Training & Support |
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Training | - | - |
Support | Newsletter, Grand opening, Internet | Newsletter, Meetings, Toll-free phone line, Grand opening, Internet, Security/safety procedures, Field operations/evaluations, Purchasing cooperatives |
Marketing | Regional advertising | Co-op advertising, Ad slicks, Regional advertising |
Operations |
Franchise can be run from home.
Number of employees needed to run franchised unit: 2 Absentee ownership of franchise is allowed. |
5% of all franchisees own more than one unit Number of employees needed to run franchised unit: 10 Absentee ownership of franchise is NOT allowed. (100% of current franchisees are owner/operators) |
Expansion Plans |
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US Expansion | Yes | Yes |
Canada Expansion | No | No |
International Expansion | No | No |
Over 16 million new cars are sold in the U.S. every year, with over 20,000 new car dealers competing for their share of this market. New car dealers are continuously looking for ways to enhance the saleability of their new car inventories and to increase the margin on each vehicle sale. As an Atlantic PinStriping franchise owner, you'll use our highly efficient system and proprietary technology to provide the solution new car dealers are looking for. Your quality, hand-painted pinstripes will enhance the appearance and sales appeal of any car, van, truck or motorcycle, and your services will provide customized add-on options that add to the dealer's bottom line. The Atlantic PinStriping franchise program is also about meeting needs: Yours. Even if you have no formal automotive industry experience, this franchise could be the business opportunity you have been looking for. It's an affordable, uncomplicated, and home based franchise, which is designed to enable qualified individuals to invest their talents and energy into their own futures.
The Miracle reputation for Quality at Moderate Cost was firmly established in the San Francisco Bay Area in these early years. In late 1954 about 90% of Miracle's work was retail--a big swing from the early days. Firm believers in keeping the name, moderate prices and the quick turnaround before the public, Miracle stores spent up to 18% of gross sales to enhance the word-of-mouth awareness, the quality work and resonable prices engendered. The San Mateo, California flagship location opened in 1965 and the success of Miracle Auto Painting as a chain was well established. During these years came the standardization of the Operations Manual, accounting and other business management procedures which had proven themselves over the preceeding several years. Longer term advertising and marketing plans were designed and implemented and franchising began.