Alset Auto provides automotive protection and enhancement services, focusing on luxury electric vehicles. The franchise specializes in services like paint protection, ceramic coatings, and detailing, ensuring top-notch care for high-end vehicles like Tesla and other electric models.
Key Insights
- Alset Auto grew from a fundamental commitment to solving real problems that affected both customers and service providers, developing systematic approaches that improve efficiency, enhance quality, and create positive outcomes for all stakeholders involved in the business relationship.
- Diagnostic procedures utilize advanced equipment and proven assessment techniques to accurately identify problems and develop comprehensive restoration plans before beginning any work, ensuring that all issues are addressed efficiently while minimizing disruption to property owners and occupants.
- The market demonstrates consistent growth driven by demographic changes, evolving consumer expectations, and increased awareness of service quality, creating opportunities for businesses that can adapt to changing needs while maintaining high standards of professional service delivery and customer satisfaction.
Franchise Fee and Costs to Open
Exploring the financial picture of Alset Auto gives insight into both the upfront commitment and the potential revenue opportunity. According to FDD Item 7, opening this franchise typically involves an investment in the range of $102,744 - $178,994, along with a franchise fee of $45,000 - $45,000.
Financial Performance and Revenue
Yearly gross sales of $800,391 and estimated earnings of $80,040 - $96,047 show the potential financial performance of this franchise. These figures are crucial for prospective franchisees as they help to project revenue and profitability. They offer insight into the business's ability to generate income and can be used to compare its performance against other investment opportunities. The Franchise Payback Period of 2.1-4.1 provides an estimation of the time it might take for an owner to recover their initial investment. This metric is a key consideration for anyone evaluating the financial viability of a franchise, as it relates directly to the speed at which the business can become profitable. A shorter payback period can indicate a faster return on capital, which is a significant factor in making an informed decision about a franchise investment.
Training and Resources
Alset Auto provides comprehensive initial training for new franchisees. This program is conducted over two weeks at Alset Auto headquarters. The franchisor offers ongoing support and resources to foster business growth. Alset Auto recommends specific operational guidelines and provides marketing materials. Franchisees also gain access to a network of experienced operators.
Legal Considerations
Legal considerations for a Alset Auto franchisee are defined by the Franchise Disclosure Document (FDD) and the Franchise Agreement. This franchise does not disclose lawsuits or bankruptcy information in its FDD, but prospective franchisees should still review all terms thoroughly. Consultation with a qualified attorney is essential before making commitments.
Challenges and Risks
Operating an Alset Auto franchise involves navigating local market competition, requiring a strong understanding of regional demand for automotive and boat services. Franchisees will manage operational complexity, from service delivery to customer relations, and will need to establish reliable relationships within specific supply chains for parts and accessories, ensuring consistent availability for clients.
Franchise Datasheet
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