In 1963, a man by the name of Robert Morgan opened the first AAMCO in Philadelphia and began franchising almost immediately. Today there are over 800 AAMCO centers in the United States and Canada and AAMCO is still the leader in transmission repair. Today AAMCO is offering complete car-care services that are allowing AAMCO centers to take more than a large slice of the comprehensive “do-it-for-me” services market. Today, AAMCO centers are providing more services, gaining more customers, and increasing opportunities for revenues and profits.
Background and Benefits
AAMCO boasts 45 years as a leader in the $200 billion plus automotive market. This franchise enjoys over 90% brand awareness, with the well-known “Double A-beep beep-MCO” tagline. They have expertise in both transmissions and complete car care with more than 800 franchised centers to date with opportunities still available across the U.S., Canada, and Puerto Rico. The big plus is that there is no mechanical or technical experience required to own one. In addition, with convenient hours of operation, you will not be a slave to it.
How Much Does an AAMCO Franchise Cost?
Your $42,000 Franchise fee gets you 3 weeks of training at corporate HQ with ongoing Market Support consisting of Internet, Purchasing Co-operatives, National Media, Regional Advertising, a Newsletter, Ad Slicks, a Grand Opening, toll-free phone, and much more. Cost of Entry runs between $196.800 - $252.400. Not a bad price considering you also get the proven AAMCO Business System with AAMCO-specific Marketing, Sales, and Production and Customer Satisfaction Procedures. It also includes Market Development, Real Estate, AAMCO University, Operations, Technical Support and Training, Fleet, and full access to Home office Customer Relations departments. This Franchise leaves nothing out.
What We Like
There are a lot in number one rankings with AAMCO. They are the #1 recognized brand name in the industry, voted #1 for transmission repair in Entrepreneur's Franchise 500 for over 28 years, and #1 in revenues for transmission specialists. They also have the highest average ticket size in the automotive service industry, and they are the only automotive service business in the Franchise Hall of Fame. On top of all that, AAMCO invites you to come and meet them before you invest.
Pros
- Ranking - Ranked No. 1 in its category every year from 2004 to 2008.
- Funding - Financing package available for presentation to lender with loan application.
- Special Incentives - VetFran Participant with $8,000 reduction on the already reduced initial fee of $31,500.
- No Experience Necessary - AAMCO franchisees come from all walks of life; most with absolutely no automotive or mechanical experience.
Cons
- Operations - Absentee ownership of franchise is not allowed. (100% of current franchisees are owner/operators)
AAMCO Transmissions Franchise Information
Business Established: 1963Franchising Since: 1963
Start-up Cost: $60,000
Total Investment: $196.800 - $252.400
Net worth requirement: $250K
Cash liquidity requirement: $75K
