Iconic auto repair franchise is honored by Entrepreneur Magazine as the No. 1 franchise in its category for the third consecutive year
The AAMCO franchise is stronger today than it has been in any of its 50+ years as a dynamic part of American car culture and world leader in transmission repair. The media wholeheartedly agrees, as Entrepreneur Magazine recently named AAMCO as the No. 1 franchise in its category for the third consecutive year as part of the publication’s prestigious “Best of the Best” list.
Entrepreneur’s “Best of the Best” companies are selected from the Franchise 500 list, which AAMCO was named to in 2017, based on ranking within their industry. The companies are evaluated based on Entrepreneur’s objective, quantifiable criteria, including system size, growth rate and financial strength and stability. The results qualify the top ranked company in each industry category to be named on the “Best of the Best” list.
“We’re honored to once again be named among the ‘Best of the Best’ franchises,” says Rob Rajkowski, Chief Operating Officer for AAMCO Transmission Inc. “We take pride in the work we do, and being acknowledged as the leader in our industry category truly speaks volumes about the processes and systems we have established as part of our overall growth strategy. We look forward to riding this momentum into the second half of the year and will remain focused on providing top-notch service and expertise to our customers.”
Here are three reasons AAMCO is the “Best of the Best” auto repair franchise to invest in:
1. Best-in-class training platform and exceptional ongoing education
In 2017, AAMCO was honored with a 2017 LearningElite award win by Chief Learning Officer magazine for its state-of-the-art, world-class training platform AAMCO University. Established in 2014, AAMCO University is like nothing else in the auto repair industry. Franchise owners have access to more than 300 courses with expert instructors, ranging from basic shop safety to master-level diagnostics and transmission rebuilding. These modules are offered in classroom, online and in interactive settings. The training extends to employees, as well, helping with recruitment of the most talented technicians. They also have access to courses that will help advance their skill sets and careers.
“Dedication to ongoing learning and development for our franchise owners and their employees plays a critical role in AAMCO’s success, and we are honored to be recognized for our best-in-class performance in that area,” Rob says. “As the automotive repair industry continues to evolve and become more complex, it is our commitment to both professional development and technical mastery that gives AAMCO the edge in employee and customer satisfaction.”
2. Multiple revenue streams and consumer financing platforms
Total Car Care, the initiative AAMCO launched in 2014 to capture an outsized share of the $64 billion auto repair industry, has been a home run for the franchise. The brand has seen growth by double digits and AAMCO franchise owners are now becoming customers’ trusted providers for oil changes, brake repairs, heating and air conditioning maintenance and more. AAMCO has added to the Total Car Care platform and will begin offering total tire care in 2018.
“Total Car Care is outstanding because when a customer calls and asks if we can fix this or that, we are able to say, ‘Yes, come on down!’” says Ray Segalini, a multi unit AAMCO franchise owner in Upstate New York. “I don’t want my customers to go anywhere else for anything.”
Transmission repair still makes up a large percentage of AAMCO franchise owners’ average revenues. To make it easier for consumers to pay for this big-ticket item and other expensive repairs, AAMCO recently announced a consumer financing platform. The results have been exceptional, making AAMCO franchise services owners much more accessible to a larger population within their communities and helping to increase sales in their centers.
Ray continues: “The fact that AAMCO has launched a consumer financing platform has helped to increase sales substantially because we don’t have to lose customers if a job is too expensive. We’re able to complete the jobs and get them safely back on the road.”
3. AAMCO is rapidly growing
AAMCO is experiencing a rapid nationwide expansion, making it the rare auto repair franchise currently focused on national growth. The auto repair giant has opened five new centers in five states from New York to California in 2017 so far and plans to open eight more new centers this summer.
The expansion is projected to be strong beyond the summer season, as three entrepreneurs have delivered deposits to open three new AAMCO centers later in the year. With a full pipeline of interested candidates, AAMCO anticipates the number of deposits to continue to grow, setting up the rest of 2017 and the beginning of 2018 to be two of the best years in the brand’s storied 50+ year history as a franchise system.
“There is no question that the interest in AAMCO is incredibly strong,” says Kim Robinson, Director of Franchise Development with AAMCO. “As an investment opportunity, AAMCO truly makes sense for entrepreneurs who want to join a brand that is committed to their success. In recent years, AAMCO has made significant investments in technology and training, as well as growing Total Car Care, which helps our franchisees win a sizable share of the $64 billion auto repair industry by providing access to multiple revenue streams. All of these efforts have made AAMCO easier to run and easier to scale, which is evident in the fact that our existing franchisees are submitting deposits to open up new centers in record numbers.”
Bring the iconic auto repair franchise to your community
For more than 50 years, AAMCO’s network of locally owned and independently operated automotive service centers have employed the latest technology. Expert technicians diagnose a repair, fix it right the first time and back it with a nationwide warranty. Known as the world’s leading transmission expert, the company has evolved into a Total Car Care brand that provides a variety of services, including brake repair, tune-ups, shocks and struts, routine maintenance and more.
With nearly 650 centers across North America, AAMCO is actively seeking single- and multi-unit operators who are passionate about the brand and committed to providing the highest-quality service. Interested candidates should have a minimum net worth of $250,000 and liquid assets of at least $65,000 per unit. Depending on the real estate site selected, franchisees can expect the total investment to be $223,600-$330,500, with a $39,500 initial franchise fee. Reduced franchise fees are available for honorably discharged veterans.
For in-depth details about the AAMCO franchise opportunity, request a copy of our free franchise report.