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Cottman Transmission Systems vs Take 5 Oil Change Franchise Comparison
Below is an in-depth analysis and side-by-side comparison of Cottman Transmission Systems vs Take 5 Oil Change including start-up costs and fees, business experience requirements, training & support and financing options.
Start-Up Costs and Fees |
||
| Investment | $192,000 - $230,000 | $216,469 - $905,490 |
| Franchise Fee | $37,500 | $35,000 |
| Royalty Fee | 7.5% | 7% |
| Advertising Fee | $765 Weekly | 5% |
| Year Founded | 1962 | 1984 |
| Year Franchised | 1964 | 2016 |
| Term Of Agreement | 15 years | - |
| Term Of Agreement | 15 years | - |
| Renewal Fee | - | - |
Business Experience Requirements |
||
| Experience | *Total net worth requirement: $100,000+ *Cash Liquidity requirement: $50,000 - $75,000 *Industry experience *General Business experience *Marketing Skills | Our ideal candidate is someone looking for a high margin franchise investment and who should: Have a net worth of $1.5M+. Be an experienced business owner or a Franchise Owner of another brand who is looking to diversify, build wealth, and be first to market. Have management experience and a mentorship mentality. Have strong operations experience. |
Financing Options |
||
| In-House/3rd Party | In-House/3rd Party | |
| Franchise Fees | No/Yes | -/Yes |
| Start-up Costs | No/Yes | -/Yes |
| Equipment | No/Yes | -/Yes |
| Inventory | No/Yes | -/Yes |
| Receivables | No/No | -/Yes |
| Payroll | No/Yes | -/Yes |
Training & Support |
||
| Training | Training class room at Corporate Office - Horsham, PA (2 weeks) -Security/safety procedures | On-The-Job Training: 120 hours Classroom Training: 55 hours |
| 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/Conventions Toll-Free Line Grand Opening Online Support Security/Safety Procedures Field Operations Site Selection Proprietary Software Franchisee Intranet Platform |
| Marketing | *Ad slicks *National media *Regional advertising | Co-op Advertising Ad Templates Regional Advertising Social media SEO Website development Email marketing Loyalty program/app |
| Operations |
Number of employees needed to run franchised unit: 3 Absentee ownership of franchise is NOT allowed. (100% of current franchisees are owner/operators) |
- |
Expansion Plans |
||
| US Expansion | Yes | Yes |
| Canada Expansion | No | - |
| International Expansion | No | Yes |
Start-Up Costs and Fees Mobile |
||
| Investment | ||
| $192,000 - $230,000 | ||
| $216,469 - $905,490 | ||
| Franchise Fee | ||
| $37,500 | ||
| $35,000 | ||
| Royalty Fee | ||
| 7.5% | ||
| 7% | ||
| Advertising Fee | ||
| $765 Weekly | ||
| 5% | ||
| Year Founded | ||
| 1962 | ||
| 1984 | ||
| Year Franchised | ||
| 1964 | ||
| 2016 | ||
| Term Of Agreement | ||
| 15 years | ||
| - | ||
| Renewal Fee | ||
| - | ||
| - | ||
Business Experience Requirements |
||
| Experience | ||
| *Total net worth requirement: $100,000+ *Cash Liquidity requirement: $50,000 - $75,000 *Industry experience *General Business experience *Marketing Skills | ||
| Our ideal candidate is someone looking for a high margin franchise investment and who should: Have a net worth of $1.5M+. Be an experienced business owner or a Franchise Owner of another brand who is looking to diversify, build wealth, and be first to market. Have management experience and a mentorship mentality. Have strong operations experience. | ||
Financing Options |
||
| In-House/3rd Party | ||
| Franchise Fees | ||
| No/Yes | ||
| -/Yes | ||
| Start-up Costs | ||
| No/Yes | ||
| -/Yes | ||
| Equipment | ||
| No/Yes | ||
| -/Yes | ||
| Inventory | ||
| No/Yes | ||
| -/Yes | ||
| Receivables | ||
| No/No | ||
| -/Yes | ||
| Payroll | ||
| No/Yes | ||
| -/Yes | ||
Training & Support |
||
| Training | ||
| Training class room at Corporate Office - Horsham, PA (2 weeks) -Security/safety procedures | ||
| On-The-Job Training: 120 hours Classroom Training: 55 hours | ||
| 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/Conventions Toll-Free Line Grand Opening Online Support Security/Safety Procedures Field Operations Site Selection Proprietary Software Franchisee Intranet Platform | ||
| Marketing | ||
| *Ad slicks *National media *Regional advertising | ||
| Co-op Advertising Ad Templates Regional Advertising Social media SEO Website development Email marketing Loyalty program/app | ||
| Operations | ||
|
Number of employees needed to run franchised unit: 3 Absentee ownership of franchise is NOT allowed. (100% of current franchisees are owner/operators) |
||
| - | ||
Expansion Plans |
||
| US Expansion | ||
| Yes | ||
| Yes | ||
| Canada Expansion | ||
| No | ||
| - | ||
| International Expansion | ||
| No | ||
| Yes | ||
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 Take 5 Oil Change
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We are Take 5, and we are proud to be the industry disruptor and
automotive franchise to own. We took inspiration from the hospitality
industry to transform the mundane task of getting an oil change into an
enjoyable customer-focused experience. Our revolutionary drive-through
oil change services can be found in over 500 locations in 18 states. As
we continue to expand our brand, our immediate focus is to grow our
brand presence through franchising in the Southeast United States.
The total investment necessary to begin operation of a new (ground-up)
Take 5 Oil Change Center franchise is $683,804 to $905,490.
This
includes $111,000 to $124,000 that must be paid to the franchisor or an
affiliate.
The total investment necessary to begin operation of a
conversion Take 5 Oil Change Center franchise is $216,469 to $463,000.
This includes $86,000 to $124,000 that must be paid to the franchisor or
an affiliate.
The total investment necessary to begin operation under
the Area Development Agreement is $35,000 to $210,000.
This includes
$35,000 to $210,000 that must be paid to the franchisor or an affiliate.
!["Entrepreneur]("https://d3fg11dgb68kbp.cloudfront.net/assets/photos/franchise-badge-22686037fc120ba1bd59c2c9fd6e0fbf.png"){kind=icon}
#216 in Franchise 500 for 2021.