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Below is an in-depth analysis and side-by-side comparison of Meineke Car Care vs Kennedy Transmission 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 | $88,500 - $162,500 |
Franchise Fee | $35,000 | $17,500 |
Royalty Fee | $20.8K+/yr. | - |
Advertising Fee | 6% | - |
Year Founded | 1972 | - |
Year Franchised | 1972 | - |
Term Of Agreement | 15 years | - |
Term Of Agreement | 15 years | - |
Renewal Fee | $2.5K | - |
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/Yes | -/- |
Equipment | No/Yes | -/- |
Inventory | No/Yes | -/- |
Receivables | No/No | -/- |
Payroll | 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 | - |
Marketing | Co-op advertising, Ad slicks, National media, 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) | - |
Expansion Plans |
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US Expansion | - | - |
Canada Expansion | No | - |
International Expansion | Yes | - |
If you have the motivation, drive, and capabilities to operate and manage your own business, you owe it to yourself to fully investigate ownership of a Kennedy Transmission, Brake and Auto Service store.
We do not require that our franchisees possess previous transmission shop experience. Previous business experience or exposure to the automotive service business segment is highly desirable but also not required. We do require that our store owners are actively involved on a daily basis in their store �" no passive ownership is permitted.
We offer several advantages over other franchised business opportunities. Because we are a specialty business we are not open nights and weekends. Also, a mature Kennedy Transmission, Brake and Auto Service store operates on a staff of four or five, which lowers the management burden of administrative tasks such as staffing and payroll.