Is AAMCO a Good Franchise to Buy?
AAMCO transmission franchise is a forward-thinking brand with an iconic business model
AAMCO, the world’s largest transmission franchise, is one of the oldest franchise systems in the nation, as well as one of the most forward-looking brands in the $63 billion auto repair industry. Founded in 1957, AAMCO has proven to be a sustainable, proven business model through 12 presidential administrations and several economic recessions. It has helped hundreds of entrepreneurs realize their dreams of small business ownership.
The reason AAMCO has thrived through the decades is the same reason it thrives today: AAMCO has a unique ability to be ahead of the times from both a consumer perspective and a franchisee perspective. In recent years, AAMCO has made significant investments in training and technology to simplify the brand’s iconic business model. The result of these efforts is overwhelmingly positive: AAMCO is a wise investment for entrepreneurs without auto repair experience, and the business model is so streamlined that existing franchisees are opening new centers in record numbers.
“AAMCO has been able to maintain such long-standing relationships with franchisees because of its culture of support and transparency,” says recently retired Bill Harrison, AAMCO’s longest-tenured franchisee, who had five decades of business under his belt. “AAMCO is backed by a leadership team that values franchisee input and is highly invested in our success as business owners. Over the years, I’ve learned that the essential thing is to provide an exceptional level of service and make a genuine connection with people. If you do that, your customers will keep coming back.”
Beginning with AAMCO University, a state-of-the-art training facility in Newnan, Georgia, AAMCO franchisees have access to over 250 hours and more than 300 courses focused on comprehensive business ownership principles and procedural applications. Each independent AAMCO franchisee is positioned to be a leader in their community and industry with an eye on establishing, developing and growing steady income and long-term business value for every location. This comprehensive education platform also extends to the technicians that franchisees employ, making it a recruitment and retention tool that helps franchisees become employers of choice in their communities.
“AAMCO has always been strong and had a solid reputation, but I am very excited about the future of this brand,” says Kurt Wood, a multi-unit owner in Salt Lake City, Utah. “The executive team is really making good on their promises to move us forward, providing us with better technology to remain competitive. Our training platform at AAMCO University would have been unimaginable to me when I became an owner 25 years ago — it really is that advanced, and it keeps the entire system performing at an exceptional level across the board.”
To further simplify the brand’s business model, AAMCO rolled out a new POS system that provides the ability to create estimates and invoices for customers much more quickly and easily, driving revenue for franchisees in their centers. The cloud-based system is accessible from anywhere in the world, and it provides a suite of tools designed to provide executive-class analytics on business performance. This makes it easier for franchisees to truly know their businesses and to take informed steps to make their businesses grow.
Because AAMCO focuses on transmissions, one of the most complicated and expensive items in all of auto repair, the brand launched a new consumer financing platform to help franchisees win more business and lessen the burden on their customers.
AAMCO’s investments to simplify the business have won enormous praise from the franchise industry. Entrepreneur magazine named AAMCO as the No. 1 franchise opportunity in its category for the fourth consecutive year in 2018.
“We have so many deposits for new centers from existing franchise owners, and that is proof that all of our hard work and investments are paying off,” says Kim Robinson, Director of Franchise Development at AAMCO. “When an entrepreneur is interested in opening a new center, they always ask about the existing franchise network. The fact that I can tell them our existing owners are opening new centers in record numbers speaks volumes about how healthy the AAMCO franchise system really is, and it is a signal to potential franchisees that AAMCO is a wise investment.”
Bring the iconic transmission franchise to your community
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 $226,300 to $333,500, with a $39,500 initial franchise fee. Reduced franchise fees are available for honorably discharged veterans.