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Paint Medic
3111 Walden Ave.
Depew, NY 14043
800#: (866) 446-2277
Tel: (905) 732-9770
Fax: (905) 788-1939
E-Mail: [email protected]
Web Site: www.paintmedic.com
Contact: Ms. Monique Finley, VP Franchise Development
PAINT MEDIC is an automotive paint touch-up company. Our franchisees and their technicians can quickly, cost-effectively and permanently repair stone chips, scratches, plastic bumper scuffs and other minor paint blemishes. We service new and used car dealerships, rental car agencies, fleet companies and retail consumers. PAINT MEDIC operates from both fixed location retail facilities, as well as on a mobile basis. PAINT MEDIC is ideally suited for someone who loves cars and wants to be his own boss.
Franchisor Background
Established: 1990
First Franchise: 1995
Franchise Units: 22
Company-Owned Units: 2
Total Units: 24
Distribution:
U.S. -- 2;
Canada -- 22;
International -- 0
-North America -- Operations in 2 States, 3 Provinces
-States/Provinces with Greatest Density: 20 in ON, 1 in NY
Projected New Units Over Next 12 months: 12
Franchisee Qualifications: 4, 4, 2, 3, 4, 3
(Click here for an explanation)
Registered in Following Registration States: NR (Click here for an explanation)
Average Number of Employees: 3-4 FT, 1-2 PT (FT = Full Time, PT = Part Time)
Space Needs: 2,000 SF; FS
(Click here for abbreviations)
Encourage Conversion: NA
Financial Requirements
Cash Investment: $30-60K
Total Investment: $30-60K
Average Total Investment: $45.0K
Minimum Net Worth: $50K
Fees:
-Franchise: $25-50K
-Average Franchise Fee: $37.5K
-Royalty: 5%/$500
-Average Royalty: 5.0%
-Advertising: NA
Provide Earning Claim Statement: No
Terms of Contract
Term of Contract (Years): 10.10
Passive Ownership: Not Allowed
Area Development Agreements: Yes/10
Sub-Franchising Contracts: No
Expand In Territory: Yes
Franchisor Support and Training Provided
Site Selection Assistance: Yes
Lease Negotiation Assistance: Yes
Financial Assistance: No
Cooperative Advertising: NA
International Franchise Association:
Canadian Franchise Association:
Franchisee Association / Member: No
Size Of Corporate Staff: 7
On-Going Support: B,C,D,G,h,I (Click here for an explanation)
Training: 3 Weeks Buffalo, NY; 1 Week in Territory.
Franchisor's Specific Expansion Plans
U.S.: Focusing on NE
Canada: All Canada
Overseas: Master Franchises
Note: NR = No Response by Franchisor.
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