Cottman Transmission Systems vs Quick Lane Tire & Auto Center Franchise Comparison

Below is an in-depth analysis and side-by-side comparison of Cottman Transmission Systems vs Quick Lane Tire & Auto Center including start-up costs and fees, business experience requirements, training & support and financing options.

Start-Up Costs and Fees

 
Cottman Transmission Systems Franchise
Quick Lane Tire & Auto Center Franchise
Investment $192,000 - $230,000$282,150 - $1,820,100
Franchise Fee $37,500$15,000
Royalty Fee 7.5%-
Advertising Fee $765 Weekly-
Year Founded 19622017
Year Franchised 19642017
Term Of Agreement 15 years-
Term Of Agreement 15 years-
Renewal Fee --


Business Experience Requirements

 
Cottman Transmission Systems Franchise
Quick Lane Tire & Auto Center Franchise
Experience *Total net worth requirement: $100,000+ *Cash Liquidity requirement: $50,000 - $75,000 *Industry experience *General Business experience *Marketing Skills-

Financing Options

 
Cottman Transmission Systems Franchise
Quick Lane Tire & Auto Center Franchise
  In-House/3rd PartyIn-House/3rd Party
Franchise Fees No/Yes-/-
Start-up Costs No/Yes-/-
Equipment No/Yes-/-
Inventory No/Yes-/-
Receivables No/No-/-
Payroll No/Yes-/-

Training & Support

 
Cottman Transmission Systems Franchise
Quick Lane Tire & Auto Center Franchise
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-
Marketing *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)

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Expansion Plans

 
Cottman Transmission Systems Franchise
Quick Lane Tire & Auto Center Franchise
US Expansion YesYes
Canada Expansion No-
International Expansion 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 Quick Lane Tire & Auto Center

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Established in 1997, Quick Lane now has over 800 branches in the USA and over 200 branches in Europe. We are expanding our network globally into places including South America, South Africa, Middle East, as well as to Asia, including China, Australia, Thailand and elsewhere. Quick Lane is a standard tire and auto vehicle service center. With expert technicians who will take care of all brands of car in a professional and friendly manner, you can be confident of receiving excellent products and services. Our experienced teams have completed tests and training in matters ranging from oil changes to filters, tires, brake checks, suspension and vehicle batteries, amongst others, covering a total of over 14 services.


The total amount necessary to begin operation of a Quick Lane Tire & Auto Center under a Quick Lane Tire & Auto Center Franchise Agreement ranges from $282,150 to $1,082,100 if you convert an existing automotive repair facility to a Quick Lane Tire & Auto Center.
This includes $95,700 to $364,000 that is payable to the franchisor.
The total amount necessary to begin operation of a Quick Lane Tire & Auto Center under a Quick Lane Tire & Auto Center Franchise Agreement ranges from $1,008,450 to $1,820,100 if you construct a brand new facility from the ground up (a “Greenfield Center”).
This includes $218,000 to $364,000 that is payable to the franchisor.