General

Industry

Automotive

Category

Repair and Maintenance

SBA Identifier

S1101

Year of Founding

2015

Fees

Marketing Fee

8%

Royalty Fee

VARIES

Franchise Fee

$45,000-$45,000

Investment Range

$207K-$562K

Location units

Total U.S. Locations

700

U.S. Franchised Units

700

U.S. Corporate Units

0

Headquarters (City)

Charlotte

Other

Item 19 - Franchise Financials

Yes

Financing Availability

-

Started Offering Franchises

2015

Issuance of FDD Data

05/23/2022

What to know about Meineke Car Care Center franchise?

The franchise offered is for the operation of a Meineke automotive maintenance and repair center, specializing in servicing exhaust system components, brake system components and providing certain other automotive maintenance and repair services.

Meineke Car Care Center is based in Charlotte, NC. Scroll down to learn more!

How much does a Meineke Car Care Center franchise cost?

Are you wondering how much is a Meineke Car Care Center franchise? Before starting a Meineke Car Care Center franchise, it is important to know the franchise fee, working capital and other costs required to start the business.

The minimum investment amount required to open a Meineke Car Care Center franchise is $206,774 and can go all the way up to $561,688. Keep in mind, you should also allocate additional funds to live off of while the Meineke Car Care Center business ramps up. This can take as little as 6 months to over 2 years depending on the franchise opportunity. You should speak to at least 5 Meineke Car Care Center franchisees to understand the true cost of opening the franchise and how long it takes to: 1) start a Meineke Car Care Center business 2) pass break even 3) hit significant income.

After (and if) you pass the point of earning significant income from your Meineke Car Care Center franchise, there may be enough margin to hire a day-to-day manager and work less hours in the business.

Franchise Net Unit Growth

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Franchise Data

Year Start of Year Units Opened Units Closed End of Year
2016 800 32 42 777
2017 777 42 61 758
2018 758 26 57 727
2019 727 26 27 726
2020 726 26 50 702
2021 702 32 34 700

Additional Details

How much does a Meineke Car Care Center franchise owner make?

Meineke Car Care Center franchise earnings and revenue can vary significantly from one franchisee to another.
The Meineke Car Care Center franchise owner profits can be influenced by labor costs, lease rates, hours worked as well as other factors.

Meineke Car Care Center discloses financials at the unit level. In other words, they show how much Meineke Car Care Center franchisees made in the past. Through analyzing this information available in the metrics tab, it can serve as a good basis to further explore the opportunity or not.

At Vetted Biz, we advise you to speak with 5 to 10 franchisees to understand how much money they are making from the Meineke Car Care Center franchise. Roughly 60% of franchises disclose financials and it makes the process easier when filtering potential franchise opportunities like Meineke Car Care Center. Don’t just speak to existing franchisees, call franchisees who have recently left the system and try to find out how much those Meineke Car Care Center owners were making.

Visit the Meineke Car Care Center metrics tab to explore the financials for this business.

What is the Meineke Car Care Center franchise fee?

Owning a Meineke Car Care Center franchise requires a variable royalty fee and 8% marketing fee. These two expenses represent the main ongoing costs you can expect to pay the franchisor throughout the franchise relationship. There may be other ongoing fees disclosed in the Meineke Car Care Center Franchise Disclosure Document

Keep in mind, there is also an initial Meineke Car Care Center franchise fee of $45,000 that is included in the initial investment amount of $206,774 to $561,688. Depending on the franchise agreement you sign, you might have to pay the full franchise fee again if you decide to extend the Meineke Car Care Center franchise relationship. Consult with a licensed franchise attorney to understand exactly what you receive for paying the Meineke Car Care Center franchise fee of $45,000.

Visit the Meineke Car Care Center metrics tab to explore the financials for this business, royalty and marketing fees compare to other Automotive franchises. You can also compare these fees for 2,000+ franchises currently offered in the U.S.

When was Meineke Car Care Center founded?

Meineke Car Care Center started offering franchises in 2015. Meineke Car Care Center was founded 7 years ago in 2015.

At Vetted Biz, we recommend franchises have 3-5 corporate locations and 5+ years of experience before offering a franchise. There needs to be proof that the business model works and is replicable before offering the franchise to other!

How many Meineke Car Care Center locations are in the U.S.?

As of 2022, there were 700 locations across the U.S. There are also 0 corporate locations. Most Automotive franchises like Meineke Car Care Center have more franchised locations than corporate locations.

How many Meineke Car Care Center franchises opened over the past few years?

Over the prior 3 years we have data for, Meineke Car Care Center has opened 84 outlets throughout the U.S. Visit the Meineke Car Care Center metrics tab to explore how the openings compare to other Automotive franchises.

How many Meineke Car Care Center franchises closed over the past few years?

Over the prior 3 years we have data for, Meineke Car Care Center has closed 111 outlets throughout the U.S

Visit the Meineke Car Care Center metrics tab to explore how the openings compare to other Automotive franchises.

Is Meineke Car Care Center growing? Are they opening more locations than they are closing?

The net unit growth rate for Meineke Car Care Center over the past 3 years is -4%. Over the last year we have data for, Meineke Car Care Center had a net unit growth rate of 0%.

Without a comparison, this number doesn’t mean much. Compare how the Meineke Car Care Center growth rate compares to 2,000+ other franchises and Industry franchises like Meineke Car Care Center. More info in the Meineke Car Care Center metrics tab.

Is Meineke Car Care Center franchise eligible for an SBA Loan?

Meineke Car Care Center is eligible for SBA loans including the 7(a) loan. To find out more about the SBA loan program for franchising click here.

Meineke Car Care Center franchise was assigned the SBA Franchise ID of S1101 on 10/01/2017. This DOES NOT mean the SBA endorses this franchise. The SBA Franchise Directory will only include business models like Meineke Car Care Center that are reviewed and found eligible under SBA’s affiliation rules and other eligibility criteria. Currently, there are over 7,000 franchise opportunities that the SBA has deemed eligible for SBA financing.

Is Meineke Car Care Center a franchise in the United States?

According to the SBA, Meineke Car Care Center meets the Federal Trade Commission (FTC) definition of a franchise. The FTC Franchise Rule requires franchisors to provide all potential franchisees with a disclosure document (FDD) containing 23 items about the franchise, its officers, and other franchisees. Be sure that Meineke Car Care Center provides you with an FDD if you are in discussion to buy a Meineke Car Care Center.

What is the Meineke Car Care Center Franchise for Sale Rate?

The Meineke Car Care Center systemwide health and franchisee satisfaction can be measured by the Meineke Car Care Centerfranchise for sale rate. The franchise for sale rate is calculated by the percentage of units transferred to new franchisees and reacquired by franchisor.

Meineke Car Care Center franchise for sale rate over the past 3 years is 16%. Over the last year we have data for, Meineke Car Care Center had a franchise for sale rate of 5%.

Without a comparison, this number doesn’t mean much. Compare how the Meineke Car Care Center franchise for sale rate compares to 2,000+ other franchises and Industry franchises like Meineke Car Care Center. More info in the Meineke Car Care Center metrics tab.

What is the Meineke Car Care Center Franchise Failure Rate?

Meineke Car Care Center franchise failures comprise franchise terminations, franchise non-renewals, and franchises that ceased operations for other reasons. The failure rate is one of the most important franchise metrics to consider when investing in a franchise!

Meineke Car Care Center failure rate over the past 3 years is 16%. Over the last year we have data for, Meineke Car Care Center had a franchise failure rate of 5%.

Without a comparison, this number doesn’t mean much. Compare how the Meineke Car Care Center franchise for sale rate compares to 2,000+ other franchises and Industry franchises like Meineke Car Care Center. More info in the Meineke Car Care Center metrics tab.

How can I find out more details on Meineke Car Care Center franchise?

Visit the Meineke Car Care Center metrics tab to explore franchise profitability, industry comparables and more. Become a Vetted Member today today for exclusive access on this franchise opportunity!

Investment Midpoint

The average of the low and high range of the investment amounts calculated from the most recently available Franchise Disclosure Document

Meineke Car Care Center

$384,231

Industry median

All franchises median

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Royalty Fee

The median royalty fee from the Franchise Disclosure Document

Meineke Car Care Center

VARIES

Industry median

All franchises median

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Franchise Fee Midpoint

Payment that the franchisee must pay to the franchise owner in order to start a franchise.

Meineke Car Care Center

$45,000

Industry median

All franchises median

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Item 19 – Financial Performance Representations

Historical financial performance representations

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Franchise Financials

Franchisor company financial information and financial performance representations, if disclosed by the franchisor.

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General

Industry

Automotive

Category

Repair and Maintenance

SBA Identifier

S1101

Year of Founding

2015

Fees

Marketing Fee

8%

Royalty Fee

VARIES

Franchise Fee

$45,000-$45,000

Investment Range

$207K-$562K

Location units

Total U.S. Locations

700

U.S. Franchised Units

700

U.S. Corporate Units

0

Headquarters (City)

Charlotte

Other

Item 19 - Franchise Financials

Yes

Financing Availability

-

Started Offering Franchises

2015

Issuance of FDD Data

05/23/2022

Detailed Franchise metrics for Meineke Car Care Center

Detailed Franchise Metrics are metrics calculated and reviewed by Vetted Biz. You can find the available metrics for Meineke Car Care Center below. “N/A" or Not Applicable results mean that there is not enough data available to compute a precise rate or that the result is not mathematically computable. When results are not mathematically computable, you should pay attention to the absolute values (#) instead of the percentage rate itself.

Growth Rate

The percentage change of total franchise units from one year to the next by franchisor.

 

1 year

3 years

Meineke Car Care Center

-3%

-4%

Industry median

All franchises median

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Franchise for Sale Rate

The percentage of units transferred to new franchisees and reacquired by franchisor.

 

1 year

3 years

Meineke Car Care Center

6%

16%

Industry median

All franchises median

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Net Unit Growth (most recent year)

Net Unit Growth (3 years)

Failure Rate

Franchise failures comprise franchise terminations, franchise non-renewals, and franchises that ceased operations for other reasons.

 

1 year

3 years

Meineke Car Care Center

4%

16%

Industry median

All franchises median

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Business details

Company Name

https://www.meineke.com

Business email

**********@******.com

Mailing address

440 South Church Street, Suite 700

State headquarters

North Carolina

Owner Name

Meineke Car Care Center

Phone

+1 (000) 0********00

City

Charlotte

Zip code

28202
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