Determine which brand is the best investment for your future by learning how much it costs to open a co-branded Milex Complete Auto Care/Mr. Transmission location with a Meineke franchise.
Both Meineke and Milex Complete Auto Care/Mr. Transmission check many of the boxes when it comes to business investment opportunities. Fueled by rising new car prices and the increase in the age of cars on the road, the aftermarket auto industry is a prime choice for people searching for a profitable franchise venture. People drove less in 2020, but auto franchises proved to be a pandemic-resistant investment by offering an essential service. Even though people spent less time on the road, they still took care of their cars and business at aftermarket auto franchises grew 1.3 percent, the Franchise Times reported.
Meineke Franchisees Open Wallets
Meineke opened its first shop in San Antonio, Texas, in 1972 and has grown to more than 900 locations worldwide. At Meineke each franchised shop offers basic aftermarket auto repair, including brake service, oil changes, inspections, and tires. It can cost up to $528,688 to own a Meineke franchise, including a franchise fee of $40,000. The average gross revenue for a Meineke location is $726,400 for locations that were open at least two years and sported five car bays.
Moran Offers One-Stop-Shop, Priced Right
While Meineke may provide most of the services you need for your vehicle, it’s not a one-stop-shop. Milex Complete Auto Care and Mr. Transmission co-branded locations were designed to be your go-to mechanic shop by offering all forms of car repair, including full engine repair.
The co-branded concept is part of the Moran Family of Brands umbrella. Moran was founded in 1991 by Dennis and Cele Moran and their daughter Barbara. The company initially focused its efforts on regional acquisitions and worked diligently to hone its company culture. The company strives to give people the opportunity to be in business for themselves but not by themselves. In addition to its co-branded Milex/Mr. Transmission location, Moran is also concentrating on expanding its Turbo Tint concept.
Moran’s co-branded opportunity is more accessible than Meineke for new business owners. Moran requires its franchisees to have $70,000 in liquid capital and a minimum net worth of $300,000, but total investment for a location ranges from only $197,457 to $296,767, including a franchise fee of approximately $35,000.
Similar to Meineke, the Milex brand covers all the bases for basic car maintenance and repair, but goes a step further by offering engine repairs. Mr. Transmission fills in the gaps by covering all your transmission maintenance and repair needs. Milex Complete Auto Care/Mr. Transmission consistently lands a spot in Entrepreneur's Franchise 500 ranking and Top Franchises for Veterans. The Orland Park, Illinois-based company franchises more than 120 locations and strives to develop and maintain long-term relationships in all aspects of our work with our franchisees and customers.
Talented Team of Franchisees
Moran Family of Brands focuses on creating open lines of communication for its franchisees, which ensures each location provides consistent service and quality. The company aims to build positive relationships by supporting its franchisees and believes that in order for Moran to be successful, their franchisees must be. Moran concentrates on providing franchise owners with the tools, technology, system enhancements, and vendor programs to succeed. All of Moran’s franchisees go through a robust training process and receive ongoing support to be able to provide customers with the latest innovations and services.
“Moran Family of Brands provides a constant flow of information and expertise to keep us up-to-date and in the know. This is how we have maintained such great relationships with our customers and peers alike,” said Lowell Hester, a Mr. Transmission franchisee in Sandy Springs, Georgia.
Moran’s franchisees quickly build strong ties to their local communities by providing an essential service and supporting local causes. The company partnered nationally with the Alzheimer’s Association to help find a cure to end Alzheimer’s and the Gary Goodgear Emergency Assistance Foundation helps families in emergency situations. Our franchisees support various causes that are important to the communities they serve.
If you are ready to find an ideal business investment in the aftermarket auto industry, visit Moran Family of Brands to learn more about their franchise opportunities.