Fix Auto is an auto repair brand offering bodywork, mechanical repairs, and detailing services. The franchise delivers high-quality vehicle restoration across a global network.
Key Insights
- Fix Auto has a long-standing presence in the automotive collision repair sector, evolving from its initial establishment to become a significant player. The franchise system provides a comprehensive operational framework and a recognized brand for independent collision repair businesses seeking support and growth opportunities.
- The franchise operates as a network of independently owned and operated collision repair centers that adhere to a standardized business model. This model encompasses operational procedures, customer service protocols, and branding, ensuring a consistent experience across all locations.
- The automotive aftermarket industry, specifically collision repair, is characterized by vehicle ownership and the ongoing need for maintenance and repair services. Insurance partnerships and customer trust are key elements for success within this essential service sector.
Franchise Fee and Costs to Open
Exploring the financial picture of Fix 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 $169,700 - $3,090,000, along with a franchise fee of $10,000 - $10,000.
Financial Performance and Revenue
Yearly gross sales of $2,741,145 and estimated earnings of $274,115 - $328,938 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 5.9-7.9 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
Fix Auto provides comprehensive initial training to new franchisees. This program, lasting two weeks, takes place at Fix Auto's corporate headquarters. They offer a robust set of operational and brand resources. Fix Auto also recommends ongoing support to ensure success.
Legal Considerations
Legal considerations for a Fix Auto franchisee are outlined in the Franchise Disclosure Document (FDD) and the Franchise Agreement. Note that this franchise discloses lawsuits and/or bankruptcy information in its FDD, which may impact your evaluation. Subscribe now to access more details and be sure to consult a qualified attorney before proceeding.
Challenges and Risks
A franchisee in the automotive and boat repair sector, mirroring Fix Auto's model, will navigate local market saturation by established competitors and independent shops. Managing a dual automotive and marine service operation introduces distinct operational complexities, requiring specialized technicians and equipment for each. Furthermore, maintaining consistent quality and turnaround times relies on dependable sourcing from specific suppliers for both automotive parts and marine components.
Franchise Datasheet
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