Iconic auto repair franchise thrives in the booming U.S. automotive aftermarket
As one of America’s first franchise systems, AAMCO has risen to become the world’s largest branded chain of transmission specialists and an industry leader in total car care services since the brand began franchising in 1963. AAMCO’s proven business has allowed its rapidly growing network of franchise owners to thrive through the decades. The iconic brand recently announced that 100 of its longest-tenured franchise owners have spent between 20 and 50 years as part of the franchise system, equating to more than 3,300 years of brand loyalty.
The announcement comes on the heels of a promising forecast produced by the Automotive Aftermarket Suppliers Association, which highlights the booming U.S. automotive aftermarket, which is expected to grow at a compound annual growth rate of 3.7 percent through 2019.
“For over the last five decades, AAMCO has established a strong company culture and vision for the future that resonates with entrepreneurs,” says Brett Ponton, CEO and president of AAMCO. “Our franchisees’ longstanding commitment is a testament to the strength of the AAMCO brand, and their success can also be attributed to the growing automotive aftermarket. We look forward to strengthening our relationships with existing owners and forging new partnerships with future business owners for years to come.”
AAMCO franchise owners have a proven track record of success
Bill Harrison has spent nearly 50 years working at the AAMCO franchise he purchased in Springfield, Ohio. Prior to joining AAMCO, Harrison served as an engineer for Schlumberger, the world’s largest oilfield services company. As AAMCO’s longest-tenured franchise owner still operating a center to date, Harrison understands what it takes to run a successful auto repair franchise, as he has been part of the company’s evolution into a leading brand for transmission repair and total car care services.
“The reason why AAMCO has been able to maintain such longstanding relationships with franchisees is because of its culture of support and transparency,” Bill says. “AAMCO is backed by a leadership team that values franchisee input and is highly invested in our success as business owners. Over the years, I’ve learned that the essential thing is to provide an exceptional level of service and make a genuine connection with people. If you do that, your customers will keep coming back.”
Kurt Wood, owner of the AAMCO of Salt Lake City, has been an AAMCO franchisee for nearly 25 years. After graduating from high school, Wood worked as an AAMCO service technician and worked his way up to customer service manager prior to becoming a business owner. The entrepreneur has been supporting his community through various charitable initiatives to benefit veterans and others in need.
“Becoming an AAMCO franchise owner was one of the best decisions I ever made,” Kurt says. “I’ve always been passionate about cars and AAMCO offers a simplified business model for its franchisees to grow their businesses. Having been in the system for more than two decades, I couldn’t be more pleased with the direction under the new leadership team.”
The time to bring the iconic auto repair franchise to your community is now
For more than 50 years, AAMCO’s network of locally-owned and independently-operated automotive service centers have employed the latest technology. Expert technicians diagnose a repair, fix it right the first time and back it with a nationwide warranty. Known as the world’s leading transmission expert, the company has evolved into a total car care brand that provides a variety of services, including brake repair, tune-ups, shocks and struts, routine maintenance and more. AAMCO was recently named to Entrepreneur’s 2016 Franchise 500®, ranking at the top of the transmission repair category. Based on network size, growth rate and financial strength, the brand also earned a spot on Entrepreneur’s “Best of the Best” list.
With nearly 650 centers across North America, AAMCO is actively seeking single- and multi-unit franchisee operators who are passionate about the brand and committed to providing the highest quality service. Interested candidates should have a minimum net worth of $250,000 and liquid assets of at least $65,000 per unit. Depending on the real estate site selected, franchisees can expect the total investment to be approximately $227,400 – $333,000 with a $39,500 initial franchise fee. Reduced franchise fees are available for honorably discharged veterans.
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