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Updated RecentlyLee Myles Transmissions vs Indy Lube Franchise Comparison
Below is an in-depth analysis and side-by-side comparison of Lee Myles Transmissions vs Indy Lube including start-up costs and fees, business experience requirements, training & support and financing options.
Start-Up Costs and Fees |
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| Investment | $137,400 - $182,800 | $250,000 - $450,000 |
| Franchise Fee | $27,500 | $7,500 |
| Royalty Fee | 7% | 5% |
| Advertising Fee | - | 5% |
| Year Founded | 1947 | 1986 |
| Year Franchised | 1964 | 1989 |
| Term Of Agreement | 15 years | 20 years +5-10 |
| Term Of Agreement | 15 years | 20 years +5-10 |
| Renewal Fee | 15% of current franchise 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/No | -/- |
| Payroll | No/No | -/- |
Training & Support |
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| Training | - | Headquarters 2-3 Weeks |
| Support | Newsletter, Meetings, Toll-free phone line, Grand opening, Internet, Security/safety procedures, Field operations/evaluations | Central Data Processing: At Additional Cost Central Purchasing: At Additional Cost Field Operation Evaluation Field Training Initial Store Opening Inventory Control Franchisee Newsletter Regional or National Meetings 800 Telephone Hotline |
| Marketing | Co-op advertising, Ad slicks, National media, Regional advertising | - |
| Operations |
10% of all franchisees own more than one unit Number of employees needed to run franchised unit: 4 Absentee ownership of franchise is NOT allowed. (100% of current franchisees are owner/operators) | - |
Expansion Plans |
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| US Expansion | Yes | - |
| Canada Expansion | No | - |
| International Expansion | No | - |
Company Overviews
About Lee Myles Transmissions
Lee Myles was a musician and automobile technician in the 1930s and '40s when he heard about problems with the 'new' automatic transmissions. He opened his first Lee Myles Transmissions center in 1947 and began franchising in 1964. The company now has more than 85 locations throughout the United States.
About Indy Lube
INDY LUBE oil change centers specialize in fluid maintenance of both passenger and light industrial vehicles. Each INDY LUBE facility is up-scale with a spacious reception room with television, wallpaper and courtesy phone. The INDY LUBE full-service oil change includes a 20-point safety and fluid check. Each center also has a point-of-sale computer system.