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Below is an in-depth analysis and side-by-side comparison of Meineke Car Care vs Tunex Automotive Specialists including start-up costs and fees, business experience requirements, training & support and financing options.
Start-Up Costs and Fees |
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Investment | $319,774 - $610,318 | $155,000 - $218,000 |
Franchise Fee | $35,000 | $19,000 |
Royalty Fee | $20.8K+/yr. | 5% |
Advertising Fee | 6% | - |
Year Founded | 1972 | 1972 |
Year Franchised | 1972 | 1974 |
Term Of Agreement | 15 years | 10 years |
Term Of Agreement | 15 years | 10 years |
Renewal Fee | $2.5K | $2K |
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 | 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/No | No/No |
Training & Support |
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Training | Ongoing technical hotline, online courses available | - |
Support | Newsletter, Meetings, Toll-free phone line, Grand opening, Internet, Security/safety procedures, Field operations/evaluations | Newsletter, Meetings, Toll-free phone line, Grand opening, Internet, Security/safety procedures, Field operations/evaluations, Purchasing cooperatives |
Marketing | Co-op advertising, Ad slicks, National media, Regional advertising | Co-op advertising, Regional advertising |
Operations |
International franchisees required to buy multiple units/master licenses; 35% of all franchisees own more than one unit Number of employees needed to run franchised unit: 4 - 5
Absentee ownership of franchise is allowed. (90% of current franchisees are owner/operators) |
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 |
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US Expansion | - | - |
Canada Expansion | No | No |
International Expansion | Yes | 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.