Invest in Your AAMCO Franchise Center with Confidence
The total cost to open a new AAMCO Center can range from $223,600 to $330,500. 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 $65,000 in liquid capital and a net worth of at least $250,000 to get started.
|TYPE OF EXPENDITURE||AMOUNT|
|Initial License Fee (including credit of application fee received under Deposit Agreement)||$39,500|
|Business Coach Training||$10,000|
|AAMCO Security Deposit||$5,000|
|Grand Opening Advertising Expenses||$3,000 - $5,000|
|Travel Expenses for Training Program||$2,000 - $4,000|
|Real Estate @ Utility Deposits||$14,000 - $43,000|
|Leasehold Improvements||$8,500 - $12,000|
|Signs (included in Center Opening Package)||$7,500 - $19,000|
|Shop Equipment, Supplies, Lifts & Installation (included in Center Opening Package) plus freight & Taxes||$78,400 - $98,000|
|Point of Sale (POS) System|
|Computers and Phone System - Hardware||$6,500 - $10,000|
|Office Furniture||$5,500 - $7,000|
|Sales Materials||$500 - $1,000|
|Miscellaneous Costs & Professional Fees (Legal and Accounting Advice, Personnel recruitment, etc)||$4,000 - $10,000|
|Insurance||$1,500 - $2,500|
|Advertising Costs (13 weeks)||$4,700 - $13,500|
|Additional Funds||$30,000 - $50,000|
|TOTAL ESTIMATED INITIAL INVESTMENT||$223,600 - $330,500|