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Below is an in-depth analysis and side-by-side comparison of Meineke Car Care vs Brake Masters 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 | $167,450 - $652,150 |
Franchise Fee | $35,000 | $22,950 |
Royalty Fee | $20.8K+/yr. | 5% |
Advertising Fee | 6% | 4% |
Year Founded | 1972 | 1983 |
Year Franchised | 1972 | 1994 |
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 | - |
Brake Masters Systems provides car repair and care
services for all models and makes of vehicles. Clients are provided with a complete picture of what work is needed on their vehicles through a multi point
inspection system. A team of ASE certified technicians
combine technical know-how and top notch technology and provide the best
repair and maintenance services. From brake repair to overhaul; nothing is left undone to ensure that the customer leaves with a safe and perfectly functional vehicle.