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Updated RecentlyMighty Auto Parts vs Canadian Tire Franchise Comparison
Below is an in-depth analysis and side-by-side comparison of Mighty Auto Parts vs Canadian Tire including start-up costs and fees, business experience requirements, training & support and financing options.
Start-Up Costs and Fees |
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| Investment | $227,000 - $496,100 | $125,000 - And Up |
| Franchise Fee | $22,500 - $57,500 | N/A |
| Royalty Fee | 5% | - |
| Advertising Fee | 0.5% | - |
| Year Founded | 1963 | 1922 |
| Year Franchised | 1970 | 1934 |
| Term Of Agreement | 10 years | - |
| Term Of Agreement | 10 years | - |
| Renewal Fee | 20% of current license fee | - |
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/Yes | -/- |
| Start-up Costs | No/Yes | -/- |
| Equipment | No/Yes | -/- |
| Inventory | No/Yes | -/- |
| Receivables | No/Yes | -/- |
| Payroll | No/Yes | -/- |
Training & Support |
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| Training | On-The-Job Training: 88 hours Classroom Training: 29 hours | - |
| 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 |
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| US Expansion | - | - |
| Canada Expansion | No | No |
| International Expansion | No | No |
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
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About Canadian Tire
Canadian Tire Corporation, Limited - the country's most shopped retailer - offers a unique mix of products and services through the leadership of three specialty stores under one roof - Automotive, Sports and Leisure, and Home Products. With over 450 Canadian Tire Associate Stores serving communities nationwide, Canadian Tire Corporation, Limited and the Associate Dealers together employ 38,000 Canadians and form one of Canada's best-known and most successful retailers.
You will immediately benefit from proven business systems which include commissions and allowances to help cover initial costs of operation.
You will also take part in a 2 week hands-on Training Program that covers everything you will need to know moving forward to manage the business.
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