A look at how AAMCO locations are performing, taken from Item 19 of our 2023 FDD*
The below financial performance representations include information on specified subsets of AAMCO Centers operating during recent fiscal years with respect to: (i) average and median gross sales figures; and (ii) franchisee-reported performance results. We provide the information below to help you evaluate the potential performance of an AAMCO Center by showing actual historical data of franchised AAMCO Centers. Please carefully read all information contained in this Item 19, including the notes accompanying and the statements following all tables, which further explain the figures shown below.
Average Gross Sales of Franchised Centers – 2022
REVENUE BY QUARTILE: The average annual gross sales of the Operating Centers were $937,483, and the median annual gross sales of the Operating Centers per year were $887,741. The following table shows average annual and median gross sales of the Operating Centers by quartile, the count of Operating Centers within each quartile that exceeded the quartile’s average gross sales, and the percentage of those Operating Centers within each quartile that exceeded the quartile’s average gross sales during the fiscal year:
INDUSTRY COMPARISON: AAMCO CENTER GROSS SALES VS. GENERAL REPAIR SHOPS
For comparison purposes, the below representation reflects comparative data showing the average annual gross sales of AAMCO Centers, and selected subsets of AAMCO Centers, against a published industry average of annual gross sales for “general repair automotive shops” (“General Repair Shops”). Based on the AutoCare Fact Book 2023, General Repair Shops averaged $549,749 in annualized revenues during 2021 (and such data is not yet available for 2022 from the same industry source as of this document’s issuance). As referenced above in Table 19.1 of this Item 19, average annual gross sales for AAMCO Center franchisees across the Operating Centers in 2022 were $937,483 (71% higher than General Repair Shops), and median annual gross sales for those Operating Centers in 2022 were $887,741 (61% higher than General Repair Shops).
The following chart shows an annual revenue comparison between General Repair Shops in 2021 and the AAMCO sample set of 536 Operating Centers that were open and operating throughout our prior fiscal year (71% higher than General Repair Shops average, 452 or 84% of which attained or exceeded the industry average), as well as: (i) against 268 AAMCO Centers falling within both quartiles 1 and 2 (129% higher than General Repair Shops average), 268 or 100% of which attained or exceeded the industry average, and (ii) against 134 AAMCO Centers solely within quartile 1 (170% higher than General Repair Shops average), 134 or 100% of which attained or exceeded the industry average:
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