Invest in Your AAMCO Franchise Center with Confidence
The total cost to open a new AAMCO Center can range from $234,800 to $353,200. This figure includes a $39,500 franchise fee. It also covers the common factors of an auto franchise cost such as equipment, training, and leasing a property. We have several different finance partners that offer financing based on different needs.
How Much Do I Need to Start?
Opening an AAMCO franchise is a major investment. As a candidate, you should have a minimum of $90,000 in liquid capital and a net worth of at least $350,000 to get started.
|Type of expenditure 2||Amount 3||Method of payment||When due||To whom payment is to be made|
|Initial License Fee 3,4 (including credit of Initial Deposit received under Deposit Agreement)||$39,500||Installments||Upon Signing Franchise Agreement||AAMCO|
|Business Coach Training 3||$10,000||Lump Sum||Upon Signing Franchise Agreement||AAMCO|
|Grand Opening Advertising Expenses 3||$3,000||Lump Sum||Upon Signing Franchise Agreement||AAMCO|
|AAMCO Security Deposit 3||$5,000||Lump Sum||Upon Signing Franchise Agreement||AAMCO|
|Travel Expenses for Training Program 4||$2,000 - $4,000||As incurred||Before opening||Third Parties|
|Real Estate & Utility Deposits 5||$14,000 - $43,000||As incurred||Before opening||Landlord, Utility Companies, other Third Parties|
|Leasehold Improvements 6||$9,700 - $13,700||As arranged||As arranged||Landlord, other third parties|
|Signs 7 (included in Center Opening Package, See Item 5)||$7,500 - $30,000||As agreed||Before opening||AAMCO|
|Shop Equipment, Supplies, Lifts & Installation (included in Center Opening Package, See Item 5), plus freight & taxes 8||$78,400 - $98,000||As agreed||As arranged||AAMCO and third parties (see Item 5)|
|POS System – Acquisition 9||$2,500||Lump Sum||Before opening||AAMCO|
|POS System – 3 months Access/Support 9||$500||Installments||Monthly||AAMCO or Supplier we designate (see Item 6)|
|Computers and Phone System – Hardware 10||$6,500 - $10,000||As incurred||As arranged||Suppliers you choose (may include AAMCO)|
|Office Furniture 11||$5,500 - $7,000||As incurred||As arranged||Suppliers you choose (may include AAMCO)|
|Sales Materials 11||$500 - $1,000||Lump Sum||Before opening||AAMCO|
|Miscellaneous Costs & Professional Fees 12 (Legal and Accounting Advice, Personnel recruitment, etc.)||$4,000 - $10,000||As incurred||As arranged||Third Parties|
|Insurance||$1,500 - $2,500||As incurred||Before opening||Third Parties|
|Advertising Costs 13 (13 weeks)||$4,700 - $13,500||As agreed||Periodically (weekly or monthly) and as arranged||AAMCO, Ad Pool, regional monthly internet search program (or national program if applicable), and Yellow Page agency|
|Additional Funds 14||$40,000 - $60,000||As incurred||As arranged||Suppliers and other Third Parties|
|TOTAL ESTIMATED INITIAL INVESTMENT 14, 15||$234,800 - $353,200|