Rank no.88 – AAMCO Transmissions and Total Car Care – US
Products & Services: Transmission repair & total car care
Number of Locations: 727
Total Investment: $232K – 299K
Began Franchising: 1963
About AAMCO Transmissions and Total Car Care
Robert Morgan opened the first AAMCO in Philadelphia in 1963 and quickly expanded into franchising in November of that year. There are now 700 AAMCO centers in the United States and Canada.
Startup Costs, Ongoing Fees and Financing
Franchise Fee: $39,500
Ongoing Royalty Fee: 7.5%
Term of Franchise Agreement: 15 years, renewable
Net Worth: $250,000
Liquid Cash Available: $65,000
25% of all franchisees own more than one unit. Number of employees needed to run franchised unit: 5. Absentee ownership of franchise is allowed. (100% of current franchisees are owner/operators).
|FINANCING TYPE||IN-HOUSE||THIRD PARTY|