Start-Up Costs and Fees |
||
| Cottman Transmission Systems | Econo Lube N' Tune | |
| Investment | 192000 - 230000 | 145135 - 201690 |
| Franchise Fee | 0 | |
| Royalty Fee | 7.50% | 5% |
| Advertising Fee | $765 Weekly | 6% |
| Year Founded | 1962 | 1973 |
| Year Franchised | 1964 | 1973 |
| Term Of Agreement | ||
| Term Of Agreement | ||
| Renewal Fee | ||
Business Experience Requirements |
||
| Cottman Transmission Systems | Econo Lube N' Tune | |
| Experience | *Total net worth requirement: $100,000+ *Cash Liquidity requirement: $50,000 - $75,000 *Industry experience *General Business experience *Marketing Skills | |
Financing Options |
||
| Cottman Transmission Systems | Econo Lube N' Tune | |
| Franchise Fees | No | |
| Start-up Costs | No | |
| Equipment | No | |
| Inventory | No | |
| Receivables | No | |
| Payroll | No | |
Training & Support |
||
| Cottman Transmission Systems | Econo Lube N' Tune | |
| Training | Training class room at Corporate Office - Horsham, PA (2 weeks) -Security/safety procedures | |
| Support | Opening Support: - Training class room at Corporate Office - Horsham, PA (2 weeks) - In-field training - Real Estate - Assistance finding a suitable location (if needed) - Operations Team assigned to assist in the transition - Grand Opening - Sales Development Plan - Marketing Plan Ongoing Training and Support: - Technical Hotline available - Cottman Business Management System - POS - Financial Assistance provided - Franchisee intranet portal - National PR Firm - Technical Training (in house and on site) - Localized commercial accounts - Advertising Program o Traditional and Internet Advertising o Franchisee Website o Pay Per Click o Award-winning Cottman Man Blog o Cottman Webinar Series Award winning National website (Cottman.com) o Award-winning Cottman Man Educational Video Series o Social Media -Security/safety procedures -Field operations/evaluations -Purchasing cooperatives | |
| Marketing | *Ad slicks *National media *Regional advertising | |
| Operations | Number of employees needed to run franchised unit: 3 Absentee ownership of franchise is NOT allowed. (100% of current franchisees are owner/operators) | |
Expansion Plans |
||
| Cottman Transmission Systems | Econo Lube N' Tune | |
| US Expansion | Arizona, Colorado, Delaware, Florida, Georgia, Illinois, Iowa, Kansas, Kentucky, Louisiana, Maryland, Michigan, Missouri, Nevada, New Jersey, New York, North Carolina, Ohio, Oregon, Pennsylvania, South Carolina, Texas, Virginia, Washington, Wisconsin | |
| Canada Expansion | 0 | |
| International Expansion |
Start-Up Costs and Fees Mobile |
|
| Investment | |
| Cottman Transmission Systems | |
| Econo Lube N' Tune | |
| Franchise Fee | |
| Cottman Transmission Systems | |
| Econo Lube N' Tune | |
| Royalty Fee | |
| Cottman Transmission Systems | 7.50% |
| Econo Lube N' Tune | 5% |
| Advertising Fee | |
| Cottman Transmission Systems | $765 Weekly |
| Econo Lube N' Tune | 6% |
| Year Founded | |
| Cottman Transmission Systems | 1962 |
| Econo Lube N' Tune | 1973 |
| Year Franchised | |
| Cottman Transmission Systems | 1964 |
| Econo Lube N' Tune | 1973 |
| Term Of Agreement | |
| Cottman Transmission Systems | 15 years |
| Econo Lube N' Tune | 20 years |
| Renewal Fee | |
| Cottman Transmission Systems | |
| Econo Lube N' Tune | |
Business Experience Requirements |
|
| Experience | |
| Cottman Transmission Systems | *Total net worth requirement: $100,000+ *Cash Liquidity requirement: $50,000 - $75,000 *Industry experience *General Business experience *Marketing Skills |
| Econo Lube N' Tune | |
Financing Options |
|
| Franchise Fees | |
| Cottman Transmission Systems | No |
| Econo Lube N' Tune | No |
| Start-up Costs | |
| Cottman Transmission Systems | |
| Econo Lube N' Tune | |
| Equipment | |
| Cottman Transmission Systems} | |
| Econo Lube N' Tune | |
| Inventory | |
| Cottman Transmission Systems | |
| Econo Lube N' Tune | |
| Receivables | |
| Cottman Transmission Systems | |
| Econo Lube N' Tune | |
| Payroll | |
| Cottman Transmission Systems | |
| Econo Lube N' Tune | |
Training & Support |
|
| Training | |
| Cottman Transmission Systems | Training class room at Corporate Office - Horsham, PA (2 weeks) -Security/safety procedures |
| Econo Lube N' Tune | |
| Support | |
| Cottman Transmission Systems | Opening Support: - Training class room at Corporate Office - Horsham, PA (2 weeks) - In-field training - Real Estate - Assistance finding a suitable location (if needed) - Operations Team assigned to assist in the transition - Grand Opening - Sales Development Plan - Marketing Plan Ongoing Training and Support: - Technical Hotline available - Cottman Business Management System - POS - Financial Assistance provided - Franchisee intranet portal - National PR Firm - Technical Training (in house and on site) - Localized commercial accounts - Advertising Program o Traditional and Internet Advertising o Franchisee Website o Pay Per Click o Award-winning Cottman Man Blog o Cottman Webinar Series Award winning National website (Cottman.com) o Award-winning Cottman Man Educational Video Series o Social Media -Security/safety procedures -Field operations/evaluations -Purchasing cooperatives |
| Econo Lube N' Tune | |
| Marketing | |
| Cottman Transmission Systems | *Ad slicks *National media *Regional advertising |
| Econo Lube N' Tune | |
| Operations | |
| Cottman Transmission Systems | Number of employees needed to run franchised unit: 3 Absentee ownership of franchise is NOT allowed. (100% of current franchisees are owner/operators) |
| Econo Lube N' Tune | |
Expansion Plans |
|
| US Expansion | |
| Cottman Transmission Systems | Arizona, Colorado, Delaware, Florida, Georgia, Illinois, Iowa, Kansas, Kentucky, Louisiana, Maryland, Michigan, Missouri, Nevada, New Jersey, New York, North Carolina, Ohio, Oregon, Pennsylvania, South Carolina, Texas, Virginia, Washington, Wisconsin |
| Econo Lube N' Tune | |
| Canada Expansion | |
| Cottman Transmission Systems | |
| Econo Lube N' Tune | 0 |
| International Expansion | |
| Cottman Transmission Systems | |
| Econo Lube N' Tune | |