- 2024 Franchise 500 Rank
-
#471 Not ranked last year
- Initial investment
-
$241K - $518K
- Units as of 2023
-
101 2.0% over 3 years
Founded in 1963, Mighty Auto Parts is a network of auto part manufacturers. These manufacturers offer asset storage systems and preventive repair products to vehicle service part suppliers.
Based in Norcross, Georgia, Mighty Auto Parts has over 90 franchises in over 40 U.S. states. Outside of the U.S., Mighty Auto Parts may offer franchising opportunities in Latin America, the Middle East, and other select countries.
Why You May Want to Open a Mighty Auto Parts Franchise
Mighty Auto Part's business model of licensing exclusive markets, offering cutting-edge training, and helping franchisees track financial results has been the formula for more than five decades. Mighty Auto Parts may allow franchisees to experience personal freedom to live according to their schedule, with franchisees hardly working on weekends or at night.
The company is committed to arming its franchisees with reliable, sustainable services and high-quality goods, training, and all the resources and support they need to be competitive. Franchisees are said to work with state-of-the-art technology to help organize the business and communicate with clients. They are also offered extensive classroom and on the job training to best prepare them to operate their new franchise. A dedicated team will help franchisees with warehouse setup, IT support, in-store training, and technician clinics. Franchisees may also be able to attend annual conferences to network with other Mighty Auto Parts franchisees.
What Might Make a Mighty Auto Parts Franchise a Good Choice?
Mighty Auto Parts operates within a robust automobile sector. With a blend of premium goods, material handling experience, excellent personal support, and aggressive pricing Mighty Auto Parts’s mission is to give its franchisees a distinct competitive edge in the market.
To franchise with Mighty Auto Parts, franchisees need to make an initial investment, including paying a franchise fee. If you're a military veteran, you may receive a discount on the franchise fee. Mighty Auto Parts may also waive a set amount in training and management costs for veterans.
Though Mighty Auto Parts does not directly offer finance options, it has agreements with third-party loan sources. You may be able to use these loans to cover franchise payments, start-up expenses, supplies, inventory, accounts receivable, and payroll.
Mighty Auto Parts can't provide information on projected income. Franchise profits and revenue depend on various factors, including commercial lease rates, labor costs, local demand for your product, etc.
How Do You Open a Mighty Auto Parts Franchise?
As you decide if you wish to open a franchise with Mighty Auto Parts, make sure you take time to explore the opportunity. Research the brand and your local area to see if a franchise would do well in your community. While competition is healthy, too much of it can be detrimental to your new location.
An initial franchise inquiry may bring a Mighty Auto Parts interview with a franchise representative. If initial discussions go well, potential franchisees may attend a presentation discussing Mighty Auto Parts’ way of business.
After meeting with Mighty Auto Parts representatives, other franchisees, and reviewing the Franchise Disclosure Document, you may travel to meet the executive team. This is your chance to ask final questions, fill out the business plan, and get a stamp of approval, allowing you to open your Mighty Auto Parts franchise.
Company Overview
About Mighty Auto Parts
| Industry | Automotive |
|---|---|
| Related Categories | Miscellaneous Automotive Products & Services |
| Founded | 1963 |
| Parent Company | Grupo Gonher |
| Leadership | Chris Adams, Chief Revenue Officer |
| Corporate Address |
650 Engineering Dr. Peachtree Corners, GA 30092 |
| Social | Facebook, Twitter, LinkedIn, Instagram, YouTube |
Business Overview
| Franchising Since | 1970 (54 years) |
|---|---|
| # of employees at HQ | 46 |
| Where seeking |
This company is offering new franchises throughout the US. This company is offering new franchises in the following international regions: Australia/New Zealand, Middle East, Europe (Western), Central America, Canada, South America, Mexico |
| # of Units | 101 (as of 2023) |
|
|
|
Information for Franchisees
Here's what you need to know if you're interested in opening a Mighty Auto Parts franchise.
Financial Requirements & Ongoing Fees
Here's what you can expect to spend to start the business and what ongoing fees the franchisor charges throughout the life of the business.
|
Initial Franchise Fee
|
$25,000 - $60,000 |
|---|---|
|
Initial Investment
|
$240,500 - $517,600 |
|
Net Worth Requirement
|
$500,000 |
|
Cash Requirement
|
$100,000 |
|
Veteran Incentives
|
25% off franchise fee |
|
Royalty Fee
|
5% |
|
Ad Royalty Fee
|
0.5% |
|
Term of Agreement
|
10 years |
| Is franchise term renewable? | Yes |
Training & Support Offered
Franchisors offer initial training programs and a variety of ongoing support options to help franchisees run their businesses.
| On-The-Job Training | 96 hours |
|---|---|
| Classroom Training | 29 hours |
| Ongoing Support |
Purchasing Co-ops
Newsletter
Meetings & Conventions
Toll-Free Line
Grand Opening
Online Support
Security & Safety Procedures
Field Operations
Site Selection
Proprietary Software
Franchisee Intranet Platform
|
| Marketing Support |
Co-op Advertising
Ad Templates
National Media
Regional Advertising
Social Media
SEO
Email Marketing
Loyalty Program/App
|
Operations
Additional details about running this franchise.
| Is absentee ownership allowed? | No |
|---|---|
|
Can this franchise be run from home/mobile unit?
|
No |
|
Can this franchise be run part time?
|
No |
| # of employees required to run | 1 |
|
Are exclusive territories available?
|
Yes |
Franchise 500 Ranking History
Compare where Mighty Auto Parts landed on this year's Franchise 500 Ranking versus previous years.
Additional Rankings
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