AAMCO Partners with BoeFly to Accelerate Franchise Development Nationwide
World’s largest transmission franchise offers competitive financing solution to prospective and existing franchisees
AAMCO, the world’s largest transmission franchise and leader in Total Car Care, recently announced a partnership with BoeFly, an online marketplace for small business borrowers and lenders, to accelerate AAMCO’s rapid expansion around the nation. Through this strategic partnership, AAMCO will be able to leverage BoeFly’s nationwide network of lenders to help new and existing franchisees secure the financing needed to open and run their businesses successfully.
“At AAMCO, we are committed to the success of our franchisees, and this partnership will position us for continued growth,” says Brett Ponton, President and CEO of AAMCO Transmissions Inc. “BoeFly’s service allows our franchise partners to quickly and easily understand their financing options for opening new centers or enhancing their current location.”
Owning an AAMCO transmission franchise is easier than ever before
At no cost to AAMCO franchisees, BoeFly’s loan experts will assist in creating complete, bank-ready financing requests, and through a single post on BoeFly’s internet-based loan exchange, franchisees will have immediate access to banks and non-bank financing institutions that are interested in lending.
“Although small business lending has steadily increased over the past six months, franchise owners are still facing difficulties in accessing capital needed to grow their businesses,” says Mike Rozman, CEO of BoeFly. “Through BoeFly, AAMCO franchise owners will gain access to more than 5,000 lenders without having to worry about doing the legwork and negotiations. We look forward to working with AAMCO to ensure financing is more accessible to those franchisees seeking access to funding.”
For more than 50 years, AAMCO’s locally owned and independent service centers have employed the latest technology, so that our expert technicians can diagnose a problem, fix it right the first time, and back it with a nationwide warranty. While we are predominantly known as the world’s leading transmission expert, AAMCO has evolved into a Total Car Care brand that provides a variety of services, including brake repairs, tune-ups, shocks and struts, routine maintenance, and more. We were recently named to Entrepreneur’s 2015 Franchise 500®, ranking at the top of the transmission repair category based on system size, growth rate, and financial strength. We also earned a spot on Entrepreneur’s “Best of the Best” list.
Cost and fees of the AAMCO franchise opportunity
With nearly 700 centers across North America, AAMCO is actively seeking single- and multi-unit operators who are passionate about our 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 $227,400-$333,000, with a $39,500 initial franchise fee. Reduced franchise fees are available for honorably discharged veterans.