MAACO Franchise
To buy a franchise with MAACO, you'll need to have at least $140000 in liquid capital and a minimum net worth of $300000. MAACO charges a franchise fee of $40000. They also offer a discount for veterans.
Franchisor Details
Total Units: 480
Year Founded: 1972
Franchising Since: 1972
Home Office: Charlotte, North Carolina
Training: Available
Locations Available: See Below*
Franchise Costs
Liquid Capital Required: $140,000
Net Worth Required: $300,000
Total Investment: $350,000 – $450,000
Franchise Fee: $40,000
Royalty Type: 8% Currently offering 0% royalty incentive for Year 1
Vetern Discount: Yes
*MAACO is currently accepting inquiries from the following locations: Alabama, Alaska, Arizona, Arkansas, California, Colorado, Connecticut, Delaware, District Of Columbia, Florida, Georgia, Hawaii, Idaho, Illinois, Indiana, Iowa, Kansas, Kentucky, Louisiana, Maine, Maryland, Massachusetts, Michigan, Minnesota, Mississippi, Missouri, Montana, Nebraska, Nevada, New Hampshire, New Jersey, New Mexico, New York, North Carolina, North Dakota, Ohio, Oklahoma, Oregon, Pennsylvania, Rhode Island, South Carolina, South Dakota, Tennessee, Texas, Utah, Vermont, Virginia, Washington, West Virginia, Wisconsin, Wyoming
Values & History
The company was founded in 1972 by Anthony Martino and Daniel Rhode and its rapid success led to equally rapid expansion. Today the company boasts more than 500 franchises in operation around the country and has been cited numerous times by Entrepreneur magazine as America's #1 auto body shop in annual surveys. The MAACO Collision Repair & Auto Painting home office is located in Charlotte, NC.
Industry Performance
MAACO dominates the $42 billion automotive cosmetic market with a share well over 45%, and with virtually no national competitor, represents a unique opportunity for prospective investors. Our ongoing innovation in the cosmetic collision sector means even more opportunity for continued growth in an industry that's projected to see increased revenue as high as 2.0% annually in the years to come.
Training & Support
Our extensive training program kicks off with 3 weeks of management instruction at MAACO headquarters, followed by an additional 3+ weeks of on-the-job training for owners and their selected team of employees. Once this has been completed, the next phase is 6-12 months of development oversight where guidance over all aspects of operation is provided to ensure the successful operation of your franchise. Further support is provided through annual meetings, advertising, purchasing, a company-wide intranet, and MAACO's own online university.
Ideal Candidate & Qualifications
No automotive experience is required for this opportunity, thanks to the retail-based business model. A background in business management and operations is ideal, but the best candidates will be self-starters who are motivated toward the growth of their business and exceeding their personal and professional goals while maintaining flexibility for the ideal balance between work and family life.
Purchasing a MAACO Franchise
Interested parties will need access to at least $140k in liquid capital and a net worth no less than $300k. A credit score of 700 or higher is also required. Franchise fees run $40,000. Royalties make up 8% of gross sales, with the total initial investment potential expected to range between $250,000 and $350,000. Third-party financing is available, and qualified veterans get a 2% discount on royalty fees for the first six months.
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