When you’re looking to start your own car service franchise through Meineke, you’re most
likely considering the costs in starting, maintaining, and owning your business. Our goal at Meineke is to be upfront and transparent about the cost it requires to run one of our well-known car service locations, however the costs vary on the size and focus of your business. Here are some of the facts on what costs are involved in starting your own car service franchise, including the lowest and highest possible costs:
- Initial Franchise Fee – Anywhere from $7,500 – $30,000
- Travel/Living Expenses During Training – Anywhere from $1,875 – $2,700
- Real Estate Rent & Security Deposit – Anywhere from $4,250 – $26,052
- Opening Inventory – Anywhere from $2,000 – $20,000
- Equipment, Signs, Small Tools, Installations – Anywhere from $104,442 – $130,752
- Freight – Anywhere from $1,500 – $3,500
- Point of Sale Software – Anywhere from $7,363 – 9,872
- Center Supplies –$11,959
- Insurance – Anywhere from $600 – $14,000
- Initial Marketing – Anywhere from $20,000 – $40,000
- Legal & Accounting Expenses – Anywhere from $220 – $12,600
- Pre-Paid Expenses – Anywhere from $150 – $85,000
- Total Pre-Opening Expenses – Anywhere from $161,860 – $386,435
- Additional Funds – Three Months – Anywhere from $40,000 – $80,000
- Total Cost Projection, Leased Location – Anywhere from $201,860 – $466,435
Want to learn more about what kind of costs to expect when starting your Meineke car service franchise? Visit us today at MeinekeFranchise.com!