|
Below is an in-depth analysis and side-by-side comparison of The Collision Shop vs Tunex Automotive Specialists including start-up costs and fees, business experience requirements, training & support and financing options.
Start-Up Costs and Fees |
||
Investment | $150,000 - $175,000 | $155,000 - $218,000 |
Franchise Fee | $35,000 | $19,000 |
Royalty Fee | 6%/wk. | 5% |
Advertising Fee | - | - |
Year Founded | 1992 | 1972 |
Year Franchised | 1993 | 1974 |
Term Of Agreement | - | 10 years |
Term Of Agreement | - | 10 years |
Renewal Fee | - | $2K |
Business Experience Requirements |
||
Experience | - | |
Financing Options |
||
In-House/3rd Party | In-House/3rd Party | |
Franchise Fees | No/No | No/Yes |
Start-up Costs | No/No | No/Yes |
Equipment | No/No | No/Yes |
Inventory | No/No | No/Yes |
Receivables | No/No | No/No |
Payroll | No/No | No/No |
Training & Support |
||
Training | - | - |
Support | - | Newsletter, Meetings, Toll-free phone line, Grand opening, Internet, Security/safety procedures, Field operations/evaluations, Purchasing cooperatives |
Marketing | - | Co-op advertising, Regional advertising |
Operations | - |
8% of all franchisees own more than one unit Number of employees needed to run franchised unit: 4 Absentee ownership of franchise is allowed. (90% of current franchisees are owner/operators) |
Expansion Plans |
||
US Expansion | - | - |
Canada Expansion | No | No |
International Expansion | No | No |
Tunex was founded in 1972, and the first service center began operating in 1974. The public company began franchising in 1975 and has more than 25 company and franchisee-owned service centers in operation. The Tunex franchise opportunity includes both a conversion option (converting an independent service center to a Tunex franchise) and independent franchise units.