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Updated RecentlyRyan Engine Exchange vs PartSource Franchise Comparison
Below is an in-depth analysis and side-by-side comparison of Ryan Engine Exchange vs PartSource including start-up costs and fees, business experience requirements, training & support and financing options.
Start-Up Costs and Fees |
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| Investment | $112,000 | $50,000 |
| Franchise Fee | $25,000 | $30,000 |
| Royalty Fee | 5% | - |
| Advertising Fee | - | - |
| Year Founded | 1989 | 1996 |
| Year Franchised | 1997 | - |
| Term Of Agreement | 10 years | - |
| Term Of Agreement | 10 years | - |
| Renewal Fee | - | - |
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/No | -/- |
| Start-up Costs | No/No | -/- |
| Equipment | No/Yes | -/- |
| Inventory | No/No | -/- |
| Receivables | No/No | -/- |
| Payroll | No/No | -/- |
Training & Support |
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| Training | - | $10k + GST |
| Support | Meetings, Toll-free phone line, Grand opening, Internet, Security/safety procedures, Field operations/evaluations, Purchasing cooperatives | - |
| Marketing | Co-op advertising, Ad slicks | - |
| Operations |
0% of all franchisees own more than one unit Number of employees needed to run franchised unit: 4 Absentee ownership of franchise is allowed. (100% of current franchisees are owner/operators) | - |
Expansion Plans |
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| US Expansion | - | - |
| Canada Expansion | No | No |
| International Expansion | No | No |
Company Overviews
About Ryan Engine Exchange
Since 1989, Ryan Engine Exchange locations have been installing remanufactured engines. Customers bring in an old engine and exchange it for a new one, which is installed on the premises. Using a system developed by the company's founder, Greg Ryan, old engines are refurbished in 3 days.
About PartSource
Our mission is to be the most recommended auto parts specialty store in Canada. We service do-it-yourselfers and professional commercial installers. We supply nationally branded parts. We provide training and ongoing professional support. PartSource, the newest venture of Canadian Tire. Come grow with us.