General

Industry

Automotive

Category

Repair and Maintenance

SBA Identifier

S1105

Year of Founding

2015

Fees

Marketing Fee

5%

Royalty Fee

6.9%

Franchise Fee

$30,000-$30,000

Investment Range

$242K-$401K

Location units

Total U.S. Locations

29

U.S. Franchised Units

29

U.S. Corporate Units

0

Headquarters (City)

Charlotte

Other

Item 19 - Franchise Financials

Yes

Financing Availability

-

Started Offering Franchises

2015

Issuance of FDD Data

05/13/2021

What to know about Merlin franchise?

The franchise offered is for the operation of a MERLIN 200,000 MILES SHOP which specializes in vehicle longevity, preventive maintenance, and in the repair and replacement of brake systems and components, motor vehicle muffler and exhaust systems, ride control components, tires, and other motor vehicle services.

Merlin is based in Charlotte, NC. Scroll down to learn more!

How much does a Merlin franchise cost?

Are you wondering how much is a Merlin franchise? Before starting a Merlin 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 Merlin franchise is $242,300 and can go all the way up to $401,000. Keep in mind, you should also allocate additional funds to live off of while the Merlin 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 Merlin franchisees to understand the true cost of opening the franchise and how long it takes to: 1) start a Merlin business 2) pass break even 3) hit significant income.

After (and if) you pass the point of earning significant income from your Merlin 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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Download our guide to compare Merlin. Hotels to the Repair and Maintenance, Outdoor Automotive industry.

Franchise Data

Year Start of Year Units Opened Units Closed End of Year
2016 36 1 1 35
2017 35 0 3 32
2018 32 0 3 29
2019 29 0 2 27
2020 27 2 0 29

Additional Details

How much does a Merlin franchise owner make?

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

Merlin discloses financials at the unit level. In other words, they show how much Merlin 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 Merlin franchise. Roughly 60% of franchises disclose financials and it makes the process easier when filtering potential franchise opportunities like Merlin. Don’t just speak to existing franchisees, call franchisees who have recently left the system and try to find out how much those Merlin owners were making.

Visit the Merlin metrics tab to explore the financials for this business.

What is the Merlin franchise fee?

Owning a Merlin franchise requires 6.9% royalty fee and 5% 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 Merlin Franchise Disclosure Document

Keep in mind, there is also an initial Merlin franchise fee of $30,000 that is included in the initial investment amount of $242,300 to $401,000. Depending on the franchise agreement you sign, you might have to pay the full franchise fee again if you decide to extend the Merlin franchise relationship. Consult with a licensed franchise attorney to understand exactly what you receive for paying the Merlin franchise fee of $30,000.

Visit the Merlin 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 Merlin founded?

Merlin started offering franchises in 2015. Merlin 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 Merlin locations are in the U.S.?

As of 2021, there were 29 locations across the U.S. There are also 0 corporate locations. Most Automotive franchises like Merlin have more franchised locations than corporate locations.

How many Merlin franchises opened over the past few years?

Over the prior 3 years we have data for, Merlin has opened 2 outlets throughout the U.S. Visit the Merlin metrics tab to explore how the openings compare to other Automotive franchises.

How many Merlin franchises closed over the past few years?

Over the prior 3 years we have data for, Merlin has closed 5 outlets throughout the U.S

Visit the Merlin metrics tab to explore how the openings compare to other Automotive franchises.

Is Merlin growing? Are they opening more locations than they are closing?

The net unit growth rate for Merlin over the past 3 years is -9%. Over the last year we have data for, Merlin had a net unit growth rate of 7%.

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

Is Merlin franchise eligible for an SBA Loan?

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

Merlin franchise was assigned the SBA Franchise ID of S1105 on 10/01/2017. This DOES NOT mean the SBA endorses this franchise. The SBA Franchise Directory will only include business models like Merlin 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 Merlin a franchise in the United States?

According to the SBA, Merlin 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 Merlin provides you with an FDD if you are in discussion to buy a Merlin.

What is the Merlin Franchise for Sale Rate?

The Merlin systemwide health and franchisee satisfaction can be measured by the Merlinfranchise for sale rate. The franchise for sale rate is calculated by the percentage of units transferred to new franchisees and reacquired by franchisor.

Merlin franchise for sale rate over the past 3 years is 21%. Over the last year we have data for, Merlin had a franchise for sale rate of 7%.

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

What is the Merlin Franchise Failure Rate?

Merlin 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!

Merlin failure rate over the past 3 years is 17%. Over the last year we have data for, Merlin had a franchise failure rate of 0%.

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

How can I find out more details on Merlin franchise?

Visit the Merlin 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

Merlin

$321,650

Industry median

All franchises median

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Royalty Fee

The median royalty fee from the Franchise Disclosure Document

Merlin

6.9%

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.

Merlin

$30,000

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

S1105

Year of Founding

2015

Fees

Marketing Fee

5%

Royalty Fee

6.9%

Franchise Fee

$30,000-$30,000

Investment Range

$242K-$401K

Location units

Total U.S. Locations

29

U.S. Franchised Units

29

U.S. Corporate Units

0

Headquarters (City)

Charlotte

Other

Item 19 - Franchise Financials

Yes

Financing Availability

-

Started Offering Franchises

2015

Issuance of FDD Data

05/13/2021

Detailed Franchise metrics for Merlin

Detailed Franchise Metrics are metrics calculated and reviewed by Vetted Biz. You can find the available metrics for Merlin 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

Merlin

7%

-9%

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

Merlin

11%

21%

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

Merlin

7%

17%

Industry median

All franchises median

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Business details

Company Name

https://www.merlins.com/

Business email

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

Mailing address

440 South Church Street, Suite 700

State headquarters

North Carolina

Owner Name

Merlin

Phone

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

City

Charlotte

Zip code

28202
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