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Wholesale distribution of original equipment-quality, MIGHTY-branded auto parts. Franchisees operate in exclusive territories, supplying automotive maintenance and repair facilities with under-car and under-hood products, such as filters, belts, tune-up and brake parts.
Franchisor Background
Year Established: 1963
Franchising Since: 1970
Operating Units: |
| Franchised Units: | 107 | | 96.4% | | |
| Company-Owned Units: | 4 | | 3.6% | | |
| | ______ | | _____ | | |
| Total Operating Units: | 111 | | 100% | | |
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Geographic Distribution: |
| U.S.: | 111 | | 100% | | In 45 States |
| Canada: | 0 | | 0% | | In 0 Canadian Provinces |
| International: | 0 | | 0% | | In 0 Foreign Countries |
| | ______ | | _____ | | |
| Total: | 111 | | 100% | | |
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North America: |
| States/Provinces with the largest number of operating units: |
| Density | Units | | | | |
| 1. California | 7 | | 2. Florida | 7 | | 3. Texas | 9 |
Registered in Following Registration States: California, Florida, Hawaii, Illinois, Indiana, Maryland, Michigan, Minnesota, New York, North Dakota, Rhode Island, South Dakota, Virginia, Washington, Wisconsin
Financial Requirements
Investment: |
| Minimum Net Worth: | $500K |
| Cash Investment: | $70-80K |
| Total Investment: | $150-200K |
| Average Total Investment: | $175K |
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Fees: |
| Initial Franchise Fee: | $5K+ $.035/Vcl |
| Average Franchise Fee: | $5K |
| On-Going Royalty: | 5% |
| Average Royalty: | 5% |
| Advertising Fee: | 0.5% |
Average Number of Employees: 4 Full-time, 2 Part-time
Space Needs (in square footage): 3,000
Preferred Sites:
Other Sites: Warehouse
Encourage Conversions? Yes
Earnings Claims Provided? Yes
Listed in the SBA Registry? No
Support and Training
| International Franchise Association: | Yes |
| Canadian Franchise Association: | No |
| Franchisee Association/Member: | Yes, Member |
| Size of Corporate Staff: | 50 |
| Site Selection Assistance? | No |
| Lease Negotiation Assistance? | No |
| Financial Assistance? | No |
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Marketing Support: |
| Co-Op Advertising: | Yes |
| National Advertising: | Yes |
| Regional Advertising: | Yes |
| Local Advertising: | Yes |
| Marketing Materials: | None Specified |
| Additional Services: | None Specified |
| Other Marketing Support: | None Specified |
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On-Going Support: |
| Central Data Processing: | Not Applicable |
| Central Purchasing: | Not Applicable |
| Field Operation Evaluation: | Not Applicable |
| Field Training: | Included in Fees |
| Initial Store Opening: | Not Applicable |
| Inventory Control: | Not Applicable |
| Franchisee Newsletter: | Not Applicable |
| Regional or National Meetings: | Not Applicable |
| 800 Telephone Hotline: | Not Applicable |
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Training: |
| 1. Home Office | 1 Week | | 2. On-the-Job Training | 1 Week |
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Franchisee Qualifications
| Ranked from 1 (unimportant) to 5 (important): |
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| Financial Net Worth: | 5 |
| General Business Experience: | 4 |
| Specific Industry Experience: | 3 |
| Formal Education: | 3 |
| Psychological Profile: | 3 |
| Personal Interview(s): | 4 |
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Minority Representation
Units Owned by Minorities: |
| African-American: | N/A |
| Asian-American: | N/A |
| Hispanic: | N/A |
| Native American: | N/A |
| Other: | N/A |
| Specific Minority: | N/A |
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Terms of Contract
| Term of Initial Contract: | 10 Year(s) |
| Term of Renewal Period: | 1 Year(s) |
| Passive Ownership: | Not Allowed |
| Area Development Agreements? | No |
| Sub-Franchising Contracts? | No |
| Franchisees Allowed to Expand Within Territory? | Yes |
Expansion Plans
Projected New Units Over Next 12 months: 10
| U.S.: | Yes, All United States |
| Canada: | No |
| Overseas: | No |
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