Iconic American auto repair franchise is named a best-bet investment opportunity on Franchise Gator’s prestigious annual list
AAMCO has again been named to Franchise Gator’s prestigious annual list of Top 100 Franchises to invest in for 2016. Our iconic auto repair franchise continues to win praise for its proven business model because AAMCO is the rare, time-tested legacy brand that remains committed to innovation and trusted in the eyes of the American consumer.
Franchise Gator compiles its annual list — a go-to resource for franchise opportunities — after analyzing hundreds of Franchise Disclosure Documents and conducting interviews with executive teams to help entrepreneurs determine which franchise systems are worthy of investment.
“At the core of it, franchising is about risk reduction,” Franchise Gator states. “You join a franchise because it provides a heightened chance of success as a business owner. The Top 100 has been designed, with the assistance of The Educated Franchisee, to measure the quality of a franchise system over time. Rankings are mostly based on a formula created from various pieces of the Franchise Disclosure Document (FDD) that focus on financial stability, growth, transparency, engagement, continuity and sustainability. Hundreds of FDDs were studied this past year in an effort to bring you this ranking.”
AAMCO’s inclusion on Franchise Gator’s annual list comes hot on the heels of Entrepreneur magazine naming us to its prestigious “Franchise 500” list of top franchise opportunities at the start of the year. Then Franchise Rankings placed AAMCO at No. 5 in its Top Overall Franchises, in addition to naming it the No. 1 automotive franchise.
“We’re very honored to have been named a Top Franchise Opportunity by Entrepreneur, Franchise Rankings and now Franchise Gator,” says Brett Ponton, CEO of AAMCO. “Our principal job as a franchisor is to provide a business model that is financially viable and successful for franchise owners.”
What makes AAMCO a top franchise opportunity?
With nearly 700 auto repair locations across the country, AAMCO has remained a dynamic part of American car culture — as well as a vibrant part of hundreds of local economies — since we began franchising in 1962. AAMCO continually invests in the franchisee experience and network infrastructure to ensure that our auto repair franchise owners know every aspect of their business and have the tools to maximize their profitability.
This commitment to our franchisees stems from the fact that several of the AAMCO corporate team were franchisees themselves. Before joining us, Brett was CEO of Heartland Automotive, the largest Jiffy Lube franchisee in North America, operating nearly 575 units.
“We wrap ourselves around the franchisees,” Brett says. “We’re talking about operational support, marketing support, administrative support, recruitment help — because our mission in life is pretty clear. We need to support the people on the front lines of our business — the auto repair franchise owners who are operating the business every day — who have the pleasure of serving the millions of consumers AAMCO has the good fortune to take care of year in and year out.”
Bring the iconic auto repair franchise to your community
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 selected, franchisees can expect the total investment to be approximately $227,400-$333,000, with a $39,500 initial franchise fee. Reduced franchise fees are available for honorably discharged veterans.
“For the AAMCO brand to remain successful going forward, we need engaged owner-operators who are excited and passionate about this business,” Brett says. “It is extremely important in the Total Car Care marketplace, which is our space, to have very customer-focused owner operators who love to build teams and are passionate about our great national brand. Our auto repair franchise owners find success in making our national brand feel very local as they serve the communities around their stores.”