Honest-1 Auto Care provides automotive services including tune-ups, brakes, oil changes, tire sales, and general repairs. The franchise delivers environmentally responsible auto care.
Key Insights
- Honest 1 Auto Care began with a vision to provide transparent and trustworthy automotive repair services, fostering long-term customer relationships through a customer-centric approach. The franchise's operational model emphasizes clear communication, upfront pricing, and a commitment to quality workmanship, setting it apart in the auto service landscape.
- The business operates on a franchise model, offering entrepreneurs the opportunity to own and manage an auto repair center. Support is provided through established systems, training programs, and marketing initiatives, enabling franchisees to establish and grow their local businesses within a recognized brand.
- The automotive aftermarket industry is a significant sector, driven by the ongoing need for vehicle maintenance and repair. Consumer demand for reliable service, combined with the complexity of modern vehicles, creates a consistent market for skilled and reputable auto care providers like Honest 1 Auto Care.
Franchise Fee and Costs to Open
Exploring the financial picture of Honest 1 Auto Care 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 $255,750 - $1,242,250, along with a franchise fee of $75,000 - $75,000.
Financial Performance and Revenue
Yearly gross sales of $1,358,038 and estimated earnings of $135,804 - $162,965 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 5.5-7.5 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
Honest 1 Auto Care provides comprehensive initial training. This program offers a foundational understanding of operations and business management. The training, lasting two weeks, is conducted at their Charlotte, NC headquarters. Honest 1 Auto Care offers ongoing support and resources to help franchisees develop their business.
Legal Considerations
Legal considerations for a Honest 1 Auto Care 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
Franchisees may encounter challenges related to establishing a strong local market presence amidst existing service providers. Managing day-to-day operations, including staffing and customer service, requires consistent attention. Furthermore, maintaining reliable access to necessary parts and specialized equipment can depend on various supply chain dynamics.
Franchise Datasheet
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