130 - 29 Merrick Blvd.
Springfield Gardens, NY 11434
800#: (800) 311-KING
Tel: (718) 527-1252
Fax: (718) 527-4985
E-mail: [email protected]
Web Site: www.KingBearAutoFranchise.com
Contact: Mr. Melvin D. Messinger, Director of Franchising
KING BEAR AUTO SERVICE CENTER was the first organized automotive franchise in the state of New York. Founded in 1973, it has been a household name known for quality auto service at a reasonable cost. KING BEAR has retained its status as a complete one-stop auto service center.
Franchisor Background
| Established: |
1973; |
First Franchise: |
1973 |
| Franchise Units: |
33 |
| Company-Owned Units: |
0 |
| Total Units: |
33 |
Distribution:
U.S. -- 28;
Canada -- 0;
International -- 0
> North America -- Operations in 1 State
> States/Provinces with Greatest Density: 33 in NY
|
| Projected New Units Over Next 12 months: 12 |
| Franchisee Qualifications: 2, 3, 1, 1, 1, 5
(for an explanation
click here) |
| Registered in Following Registration States: NY |
| Average Number of Employees: 3 FT (FT = Full Time, PT = Part Time) |
| Space Needs: 2,000-6,000 SF; FS, SC
(for abbreviations click here) |
Financial Requirements
| Cash Investment: |
$65-90K |
|
| Total Investment: |
$159-294K; |
|
Average Total Investment: |
$231K |
|
| Minimum Net Worth: |
$50K |
|
| Fees: |
Franchise: |
$29.5K; |
Average Franchise Fee: |
$34K |
|
Royalty: |
5% or Fee |
|
Advertising: |
7% or Fee |
| Provide Earning Claim Statement: No
|
Terms of Contract
| Term of Contract (Years): |
25/25 |
| Passive Ownership: |
Allowed |
| Encourage Conversions: |
Yes |
| Area Development Agreements: |
Yes/25 |
| Sub-Franchising Contracts: |
No |
| Expand In Territory: |
Yes |
Franchisor Support and Training Provided
| Financial Assistance: |
Yes(I) (D = Direct; I = Indirect; B = Both) |
| Site Selection Assistance: |
Yes |
| Lease Negotiation Assistance: |
Yes |
| Cooperative Advertising: |
Yes |
| Franchisee Assoc. / Member: |
No |
| Size Of Corporate Staff: |
6 |
| On-Going Support: |
B,C,D,E,F,H,I
(for an explanation click
here) |
| Training: |
2 Weeks at Corporate Office; On-Site as Needed. |
Franchisor's Specific Expansion Plans
| U.S.: |
All United States |
| Canada: |
No |
| Overseas: |
No |
Note: NR = No Response by Franchisor.
For a sample questionnaire click here.