Transmission franchises provide a pandemic-resistant and profitable investment for entrepreneurs interested in opening an auto services franchise.
The transmission is the vehicle’s gearbox. It changes gears to maximize fuel consumption and ensure your car’s engine does not get overloaded. People typically turn to a repair shop when they notice a leak, burning smell, or gear slippage. Customer dissatisfaction with dealer repairs led to the development of transmission repair shops in the 1960s, paving the way for entrepreneurs interested in operating a profitable business in the aftermarket auto industry.
Established in 1956, Mr. Transmission is one of the largest automotive transmission repair franchises in the United States. Mr. Transmission’s franchise owners provide transmission and drivetrain component repair and maintenance services.
The average ticket price for a car repair ranges from $500 to $600, AAA reported. Transmission franchise rebuilds run around $2,500, making it a lucrative business opportunity. As the average age of cars on the road rises, and limited inventory sends new car costs skyrocketing, customers are opting to make repairs rather than trading up for a new model. The automotive transmission repair market is slated to reach $281.3 billion by 2026, according to Global Market Insights.
In the United States, the transmission repair market is steadily growing. It hit $4 billion in 2019 and is on track to rise 3.5 percent per year through 2026. While five- and six-speed transmissions still lead the charge, the growing demand for electric vehicles is seeing a rise in the number of single and multi-speed transmissions needing service.
Moran Recognized as Franchise Leader
Moran Family of Brands is one of the nation’s leading franchisors of general automotive repair, transmission repair, window tinting, and paint protection services. The company franchises more than 120 locations worldwide with six different brands, including Mr. Transmission, Milex Complete Auto Care, and Turbo Tint. Moran provides its franchisees with proven business models and the tools and training you need to become a thriving business owner and valuable member of your local community.
Moran Family of Brands strives to evolve to meet customer demand, market conditions, and revenue opportunities by creating a collaborative partnership with its franchisees in the field. The company’s auto repair businesses are positioned for long-term, sustainable growth. Total investment for a Mr. Transmission location is $118,219 to $296,767, depending on whether you open a single or multi-brand location.
Nearly one-third of franchisees said they would not own a business without franchising, according to a survey of 4,000 independent franchise owners conducted by Oxford Economics in partnership with the International Franchise Association. In addition, franchises generate 1.8 times higher sales and provide 2.3 times as many jobs than comparable non-franchise establishments.
“Moran Family of Brands allows me to be an independent owner when I need to be but provides the guidance and direction needed when I am evaluating my business. Their advice and guidance have allowed me to grow my business in a changing economy,” said Jimmy Mitchell, a Moran franchisee in Madison, Tennessee.
Here are a few reasons Moran offers the franchise advantage.
- Co-branding Leader. Moran began offering co-branding opportunities in the early 2000s to allow its franchisees to scale their business without increasing their overhead structure. Multi-brand franchising gives you the ability to provide additional services or products to customers and tap the expertise of your partner brand to grow your business. Having the ability to co-brand allows franchise owners to be a one-stop-shop for all car care and maintenance needs. Mr. Transmission/Milex Complete Auto Care garnered a spot on Entrepreneur magazine’s “2020 Franchise 500” ranking.
- Value Innovation. Our ideal franchisee candidate is driven to succeed, sporting a hands-on attitude, with a passion for helping others. Our franchisees are open-minded and collaborative, sharing our common goal of generating profits and providing stellar customer service. Moran values innovation and relies on its franchisees to help it evolve its lineup of services. For example, one of its franchisees envisioned a window film concept offering online booking, simple package deals, and speedy service. Moran worked with the franchisee to develop the Turbo Tint concept, which has two locations and agreements in place to add at least 23 units over the next several years.
- Foster Community Leaders. One of the hallmarks of Moran’s franchise system is the value they add to their local community as business leaders and providers of essential services. Approximately 91 percent of Americans own cars, and the average person spends 101 minutes in their vehicle each day. Following the outbreak of COVID-19, auto repair shops were deemed essential businesses by the government, allowing them to become a pandemic-resistant investment for entrepreneurs. By focusing on honesty, integrity, and stellar customer service, Moran’s franchisees are trusted leaders and futures in the communities they serve.
- First-class Training and Support. Moran is dedicated to making sure its franchisees are set up to succeed. The company provides an extensive training program at its corporate headquarters and offers training in the field with a mentor. The corporate office can assist with site selection, securing financing, and business setup. We also help our franchise owners develop a marketing strategy to add new customers.
Learn More About Moran
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