- 2024 Franchise 500 Rank
-
#341 Not ranked last year
- Initial investment
-
$134K - $310K
- Units as of 2023
-
298
Precision Tune Auto Care, which was founded in 1975 and began franchising in 1978, is a one-stop automobile car maintenance and repair company. They specialize in detailing cars, repairing them, and general car maintenance. With over 275 locations worldwide, including in the U.S., Nigeria, Portugal, and Oman, they are one of the world's leading car maintenance companies.
Why You May Want to Start a Precision Tune Auto Care
Precision Tune Auto Care may give you a chance to be part of a trusted brand. With over 40 years of experience, they have earned regular clients' trust and loyalty.
A great candidate for a Precision Auto Tune Care franchisee is someone with a solid understanding of business management principles, a retail and customer-focused attitude, proven management skills, leadership ability, vision, and a drive for growth. You also might need a willingness and passion for being involved as the franchisee of the shop.
Owning a Precision Auto Tune Care franchise may allow you to contribute to the people's road safety in your community. Being in charge of repairing and maintaining cars in your community might ensure you have done your part to help make vehicles safe and roadworthy. You can also help cars retain their value and longevity, which can generally save your clients the hassle of buying a new car and may get you loyal customers.
What Might Make Precision Tune Auto Care a Good Choice?
To be part of the Precision Tune Auto Care team, you should make sure you’re financially ready for an initial investment made up of a franchise fee and other startup costs. You’ll also want to make sure you have enough capital available to cover potential fees, including royalty fees, advertising fees, and renewal fees.
Precision Tune Auto Care has been ranked in Entrepreneur’s Franchise 500 many times in the past two decades. This ranking is based on an evaluation of more than 150 data points in the areas of costs and fees, size and growth, franchisee support, brand strength, and financial strength and stability. Due to this stellar reputation, Precision Tune Auto Care serves more than 1.5 million customers a year.
How Do You Open a Precision Tune Auto Care?
You may request a Precision Tune Auto Care franchise media kit through a franchise inquiry. This generally provides you with more information on their brand, the franchise process, and cost, as well as any financing options.
You typically have an initial phone call to discuss opportunities and locations available, after which you may return your confidential qualification report. Upon your financials and background checking out, you might receive a Franchise Disclosure Document for you to review. A franchise development team member usually helps you answer any questions you have.
You can then attend discovery day at the Precision Tune Auto Care headquarters in Leesburg, Virginia to meet the team and get familiar with their marketing, business, and training programs. Afterwards, you may sign your franchise agreement and attend an intensive training program to equip you to run your own Precision Tune Auto Care franchise.
Company Overview
About Precision Tune Auto Care
| Industry | Automotive |
|---|---|
| Related Categories | Automotive Repair & Maintenance Services |
| Founded | 1975 |
| Parent Company | Icahn Automotive Group |
| Leadership | Robert Falconi, CEO |
| Corporate Address |
748 Miller Dr. S.E. Leesburg, VA 20175 |
| Social | Facebook, Twitter, LinkedIn, YouTube, Pinterest |
Business Overview
| Franchising Since | 1978 (46 years) |
|---|---|
| # of employees at HQ | 28 |
| Where seeking |
This company is offering new franchises throughout the US. This company is offering new franchises worldwide. |
| # of Units | 298 (as of 2023) |
|
|
|
Information for Franchisees
Here's what you need to know if you're interested in opening a Precision Tune Auto Care 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 |
|---|---|
|
Initial Investment
|
$134,000 - $310,300 |
|
Net Worth Requirement
|
$300,000 |
|
Cash Requirement
|
$100,000 |
|
Veteran Incentives
|
$15,000 off franchise fee, reduced royalty fee for first year |
|
Royalty Fee
|
6%-7.5% |
|
Ad Royalty Fee
|
1.5% |
|
Term of Agreement
|
10 years |
| Is franchise term renewable? | Yes |
Financing Options
Some franchisors offer in-house financing, while others have relationships with third-party financing sources to which they refer qualified franchisees.
| In-House Financing | Precision Tune Auto Care offers in-house financing to cover the following: franchise fee |
|---|---|
| Third Party Financing | Precision Tune Auto Care has relationships with third-party sources which offer financing to cover the following: franchise fee, startup costs, equipment, inventory, accounts receivable, payroll |
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 | 4 hours |
|---|---|
| Classroom Training | 46.5 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
Social Media
SEO
Website Development
Email Marketing
Loyalty Program/App
|
Operations
Additional details about running this franchise.
| Is absentee ownership allowed? | Yes |
|---|---|
|
Can this franchise be run from home/mobile unit?
|
No |
|
Can this franchise be run part time?
|
No |
| # of employees required to run | 4-6 |
|
Are exclusive territories available?
|
Yes |
Franchise 500 Ranking History
Compare where Precision Tune Auto Care landed on this year's Franchise 500 Ranking versus previous years.
Additional Rankings
Curious to know where Precision Tune Auto Care ranked on other franchise lists? Find out below.
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