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Updated RecentlyCottman Transmission Systems vs Lee Myles Transmissions Franchise Comparison
Below is an in-depth analysis and side-by-side comparison of Cottman Transmission Systems vs Lee Myles Transmissions including start-up costs and fees, business experience requirements, training & support and financing options.
Start-Up Costs and Fees |
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| Investment | $192,000 - $230,000 | $137,400 - $182,800 |
| Franchise Fee | $37,500 | $27,500 |
| Royalty Fee | 7.5% | 7% |
| Advertising Fee | $765 Weekly | - |
| Year Founded | 1962 | 1947 |
| Year Franchised | 1964 | 1964 |
| Term Of Agreement | 15 years | 15 years |
| Term Of Agreement | 15 years | 15 years |
| Renewal Fee | - | 15% of current franchise fee |
Business Experience Requirements |
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| Experience | *Total net worth requirement: $100,000+ *Cash Liquidity requirement: $50,000 - $75,000 *Industry experience *General Business experience *Marketing Skills | |
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 | No/Yes |
| Receivables | No/No | No/No |
| Payroll | No/Yes | No/No |
Training & Support |
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| Training | Training class room at Corporate Office - Horsham, PA (2 weeks) -Security/safety procedures | - |
| Support | Opening Support: - Training class room at Corporate Office - Horsham, PA (2 weeks) - In-field training - Real Estate - Assistance finding a suitable location (if needed) - Operations Team assigned to assist in the transition - Grand Opening - Sales Development Plan - Marketing Plan Ongoing Training and Support: - Technical Hotline available - Cottman Business Management System - POS - Financial Assistance provided - Franchisee intranet portal - National PR Firm - Technical Training (in house and on site) - Localized commercial accounts - Advertising Program o Traditional and Internet Advertising o Franchisee Website o Pay Per Click o Award-winning Cottman Man Blog o Cottman Webinar Series Award winning National website (Cottman.com) o Award-winning Cottman Man Educational Video Series o Social Media -Security/safety procedures -Field operations/evaluations -Purchasing cooperatives | Newsletter, Meetings, Toll-free phone line, Grand opening, Internet, Security/safety procedures, Field operations/evaluations |
| Marketing | *Ad slicks *National media *Regional advertising | Co-op advertising, Ad slicks, National media, Regional advertising |
| Operations |
Number of employees needed to run franchised unit: 3 Absentee ownership of franchise is NOT allowed. (100% of current franchisees are owner/operators) |
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) |
Expansion Plans |
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| US Expansion | Yes | Yes |
| Canada Expansion | No | No |
| International Expansion | No | No |
Company Overviews
About Cottman Transmission Systems
With areas over the U.S., Cottman Transmission and Total Auto Care is a transmission and auto repair mark that administrations any make or model vehicle, remote or local. Cottman Transmission and Total Auto Care focuses have some expertise in entire transmission benefit, brakes, suspension, cooling administration and a great deal more. Cottman's base camp is situated in Horsham, Pennsylvania.
Cottman Transmission Systems, LLC gives a markdown on starting establishment charges to veterans of U.S. Military who generally meet the prerequisites of the Cottman Vet Program. For qualified veterans partaking in this program, Cottman Transmission Systems, LLC will diminish the measure of the Initial License charge by $8,000. In this manner the Initial License under the Cottman Vet Program is decreased to $29,500 (for franchisees outside of New Jersey). To Qualify, veterans must give us satisfactory documentation of respectable release, and the franchisee for the Center to be worked must be no less than 51% possessed by the veteran taking an interest in the Cottman Vet Program. Veterans taking an interest in the Cottman Vet Program who wish to exchange the establishment before opening the Center must pay us the bit of the Initial License Fee that is postponed under the program ($8,000) as a condition to the exchange.
There are as of now more than 53 Cottman Transmission Centers in 21 states and Canada.
About Lee Myles Transmissions
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.