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Below is an in-depth analysis and side-by-side comparison of Meineke Car Care vs Diesel Truck FleetService 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 | $150,000 - $200,000 |
Franchise Fee | $35,000 | $30,000 |
Royalty Fee | $20.8K+/yr. | 10% |
Advertising Fee | 6% | 1% |
Year Founded | 1972 | 2007 |
Year Franchised | 1972 | 2007 |
Term Of Agreement | 15 years | 10 years +10 |
Term Of Agreement | 15 years | 10 years +10 |
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 | * Available at headquarters: 1 week * At franchisee's location: 2 weeks |
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 | - |