Mighty Auto Parts vs PartSource Franchise Comparison

Below is an in-depth analysis and side-by-side comparison of Mighty Auto Parts vs PartSource including start-up costs and fees, business experience requirements, training & support and financing options.

Start-Up Costs and Fees
 
Mighty Auto Parts Franchise
PartSource Franchise
Investment $227,000 - $496,100$50,000
Franchise Fee $22,500 - $57,500$30,000
Royalty Fee 5%-
Advertising Fee 0.5%-
Year Founded 19631996
Year Franchised 1970-
Term Of Agreement 10 years-
Term Of Agreement 10 years-
Renewal Fee 20% of current license fee-


Business Experience Requirements
 
Mighty Auto Parts Franchise
PartSource Franchise
Experience
  • Industry experience
  • General business experience
    		• -

    Financing Options
     
    Mighty Auto Parts Franchise
    PartSource Franchise
      In-House/3rd PartyIn-House/3rd Party
    Franchise Fees No/Yes-/-
    Start-up Costs No/Yes-/-
    Equipment No/Yes-/-
    Inventory No/Yes-/-
    Receivables No/Yes-/-
    Payroll No/Yes-/-

    Training & Support
     
    Mighty Auto Parts Franchise
    PartSource Franchise
    Training On-The-Job Training: 88 hours Classroom Training: 29 hours $10k + GST
    Support Purchasing Co-ops Newsletter Meetings/Conventions Toll-Free Line Grand Opening Online Support Field Operations Proprietary Software Franchisee Intranet Platform -
    Marketing Co-op advertising, Ad slicks, National media, Regional advertising-
    Operations 6% of all franchisees own more than one unit

    Number of employees needed to run franchised unit: 1

    Absentee ownership of franchise is allowed. (80% of current franchisees are owner/operators)

    		-

    Expansion Plans
     
    Mighty Auto Parts Franchise
    PartSource Franchise
    US Expansion --
    Canada Expansion NoNo
    International Expansion NoNo

    Company Overviews

    About Mighty Auto Parts

    Dallas Wallace began selling tire supplies to service stations and garages in 1963, expanding product lines and distributors as business grew throughout the '60s and '70s. Mighty Distribution System of America started franchising in 1970 and is still a privately held company that provides underhood and undercar parts at locations nationwide.

    Seeking new franchise units throughout the U.S., Australia/New Zealand, Canada, Central America, Mexico, Philippines, South America and Western Europe

    Veteran Incentives  25% off license fee; training/administration fee waived; special payment terms on initial inventory
    "Top
    #63 in Gator's Top franchises.

    "Entrepreneur
    #378 in Franchise 500 for 2020.


    About PartSource

    Our mission is to be the most recommended auto parts specialty store in Canada. We service do-it-yourselfers and professional commercial installers. We supply nationally branded parts. We provide training and ongoing professional support. PartSource, the newest venture of Canadian Tire. Come grow with us.