Start-Up Costs and Fees |
||
| Meineke Car Care | Brake King | |
| Investment | 319774 - 610318 | 121750 - 277533 |
| Franchise Fee | 0 | |
| Royalty Fee | $20.8K+/yr. | 5% |
| Advertising Fee | 6% | 5% Local 2% Nat'l |
| Year Founded | 1972 | 1966 |
| Year Franchised | 1972 | 0 |
| Term Of Agreement | ||
| Term Of Agreement | ||
| Renewal Fee | ||
Business Experience Requirements |
||
| Meineke Car Care | Brake King | |
| Experience | General business experience Supervisory experience | |
Financing Options |
||
| Meineke Car Care | Brake King | |
| Franchise Fees | No | |
| Start-up Costs | No | |
| Equipment | No | |
| Inventory | No | |
| Receivables | No | |
| Payroll | No | |
Training & Support |
||
| Meineke Car Care | Brake King | |
| Training | Ongoing technical hotline, online courses available | You will spend 4 weeks worth of training at one of our selected classroom locations. We will introduce you to the history of the company, conduct training on our way of doing business, hold lectures from industry professionals and introduce you to our professional team of vendors who are there to supply you with the best supplies in the automotive business. The Brake King Team will then culminate the training with on-the-job experience at our corporate store. |
| Support | Newsletter, Meetings, Toll-free phone line, Grand opening, Internet, Security/safety procedures, Field operations/evaluations | *Pre-opening training support *Grand Opening Support *Operational support *Marketing Support |
| Marketing | Co-op advertising, Ad slicks, National media, Regional advertising | A huge part of the Brake King brand is the innovative and aggressive way that we market ourselves. Through television, radio, internet and direct mail, Brake King USA is committed to developing advertising campaigns that are aimed at separating ourselves from the rest of the automotive industry. |
| Operations | International franchisees required to buy multiple units/master licenses; 35% of all franchisees own more than one unit Number of employees needed to run franchised unit: 4 - 5 Absentee ownership of franchise is allowed. (90% of current franchisees are owner/operators) | |
Expansion Plans |
||
| Meineke Car Care | Brake King | |
| US Expansion | ||
| Canada Expansion | ||
| International Expansion |
Start-Up Costs and Fees Mobile |
|
| Investment | |
| Meineke Car Care | |
| Brake King | |
| Franchise Fee | |
| Meineke Car Care | |
| Brake King | |
| Royalty Fee | |
| Meineke Car Care | $20.8K+/yr. |
| Brake King | 5% |
| Advertising Fee | |
| Meineke Car Care | 6% |
| Brake King | 5% Local 2% Nat'l |
| Year Founded | |
| Meineke Car Care | 1972 |
| Brake King | 1966 |
| Year Franchised | |
| Meineke Car Care | 1972 |
| Brake King | 0 |
| Term Of Agreement | |
| Meineke Car Care | 15 years |
| Brake King | 5 Years +5+5+5 |
| Renewal Fee | |
| Meineke Car Care | $2.5K |
| Brake King | |
Business Experience Requirements |
|
| Experience | |
| Meineke Car Care | General business experience Supervisory experience |
| Brake King | |
Financing Options |
|
| Franchise Fees | |
| Meineke Car Care | No |
| Brake King | No |
| Start-up Costs | |
| Meineke Car Care | |
| Brake King | |
| Equipment | |
| Meineke Car Care} | |
| Brake King | |
| Inventory | |
| Meineke Car Care | |
| Brake King | |
| Receivables | |
| Meineke Car Care | |
| Brake King | |
| Payroll | |
| Meineke Car Care | |
| Brake King | |
Training & Support |
|
| Training | |
| Meineke Car Care | Ongoing technical hotline, online courses available |
| Brake King | You will spend 4 weeks worth of training at one of our selected classroom locations. We will introduce you to the history of the company, conduct training on our way of doing business, hold lectures from industry professionals and introduce you to our professional team of vendors who are there to supply you with the best supplies in the automotive business. The Brake King Team will then culminate the training with on-the-job experience at our corporate store. |
| Support | |
| Meineke Car Care | Newsletter, Meetings, Toll-free phone line, Grand opening, Internet, Security/safety procedures, Field operations/evaluations |
| Brake King | *Pre-opening training support *Grand Opening Support *Operational support *Marketing Support |
| Marketing | |
| Meineke Car Care | Co-op advertising, Ad slicks, National media, Regional advertising |
| Brake King | A huge part of the Brake King brand is the innovative and aggressive way that we market ourselves. Through television, radio, internet and direct mail, Brake King USA is committed to developing advertising campaigns that are aimed at separating ourselves from the rest of the automotive industry. |
| Operations | |
| Meineke Car Care | International franchisees required to buy multiple units/master licenses; 35% of all franchisees own more than one unit Number of employees needed to run franchised unit: 4 - 5 Absentee ownership of franchise is allowed. (90% of current franchisees are owner/operators) |
| Brake King | |
Expansion Plans |
|
| US Expansion | |
| Meineke Car Care | |
| Brake King | |
| Canada Expansion | |
| Meineke Car Care | |
| Brake King | |
| International Expansion | |
| Meineke Car Care | |
| Brake King | |