What Are My Startup Costs?

Invest in your AAMCO auto franchise with confidence

The total investment to open a new AAMCO auto franchise ranges from $223,600 to $330,500. This figure includes a $39,500 franchise fee, as well as the costs for equipment, training, leasing a property, and other items outlined in the chart below.

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Franchise candidates should have a minimum of $65,000 in liquid capital and a net worth of at least $250,000 to get started. The decision to open an AAMCO franchise is a major investment, which is why we offer a number of financing options that make it possible for us to partner with the most passionate owners in the industry.

Here is a breakdown of the startup costs, as shown in the Item 7 section of our 2015 FDD.

Type of expenditure Amount Method of payment When due To whom payment is to be made
Initial License Fee (including credit of application fee received under Deposit Agreement) $39,500 Installments Upon Signing Franchise Agreement AAMCO
Business Coach Training $10,000 Lump Sum Upon Signing Franchise Agreement AAMCO
AAMCO Security Deposit $5,000 Lump Sum Upon Signing Franchise Agreement AAMCO
Grand Opening Advertising Expenses $3,000 Lump Sum Upon Signing Franchise Agreement AAMCO
Travel Expenses for Training Program $2,000 -
$4,000
As incurred Before opening Third Parties
Real Estate & Utility Deposits $14,000 -
$43,000
As incurred Before opening Landlord, Utility Companies, other Third Parties
Leasehold Improvements $8,500 -
$12,000
As arranged As arranged Landlord, other Third Parties
Signs 8 (including in Center Opening Package, See Item 5) $7,500 -
$19,000
As agreed Before opening AAMCO
Shop Equipment, Supplies, Lifts & Installation (included in Center Opening Package, See Item 5), plus freight & taxes $78,400 -
$98,000
As agreed As Arranged AAMCO and Third Parties (See Item 5)
POS System $500 Lump Sum Before opening AAMCO
Computers and Phone System- Hardware $6,500 -
$10,000
As incurred As arranged Suppliers you choose (may include AAMCO)
Office Furniture $5,500 -
$7,000
As incurred As arranged Suppliers you choose (may include AAMCO)
Sales Materials $500 -
$1,000
Lump Sum Before opening AAMCO
Miscellaneous Costs & Professional Fees (Legal and Accounting Advice, Personnel recruitment, etc.) $4,000 -$10,000 As incurred As arranged Third Parties
Insurance $1,500 -
$2,500
As incurred Before opening Third Parties
Advertising Costs (13 weeks) $4,700 -
$13,500
As agreed Periodically (weekly or monthly) and As Arranged AAMCO, Ad Pool, regional monthly internet search program (or national program if applicable), and Yellow Page agency
Additional Funds $30,000 -
$50,000
As incurred As arranged Suppliers and other Third Parties
TOTAL ESTIMATED INITIAL INVESTMENT $223,600 - $330,500


AAMCO franchise costs can vary depending on the market and your individual financial needs. To better understand what is typical and how the above numbers might fit your specific situation, fill out the form to download our franchise report and start a conversation with us about opening your own AAMCO franchise.

 

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