Q. What are the startup costs and what do they include?
A. Currently, the range of investment is from $80,679 to $119,855 which includes the $40,000 initial franchise fee. Other estimated costs include 3rd party professional advisory fees, insurance and 3-months of working capital. INVESTMENT TABLE – or – Am I Financially Qualified?
Q. How much space do I need for this business to operate efficiently?
A. Your business can be home-based. Since you will offer a mobile service, you just need to have access to a secure place to park your trailer and equipment, along with temporary storage. We are happy to review the space you want to use for your Smith’s Lube and Repair business. LEARN MORE
Q. How long does it take to open?
A. You should be able to open in as few as 1 to 3 months, it depends on how quickly you complete pre-opening steps and attend franchise training. INQUIRE TODAY
Q. Do I have to be an owner operator?
A. Yes, we want our owners to be actively involved, but many will hire technicians to handle service calls for fleet customers. Owners typically focus on logistics, business development and management. LEARN MORE
Q. How far from a home-base can my business service customers?
A. We generally try to keep within 1 to 2 hours of our customers to maximize appointments and preventative maintenance services. We have systems to manage logistics and be as efficient as possible. INQUIRE TODAY
Q. Do I have to have technical training for vehicle or truck repair?
A. No. If you are not a trained mechanic, you can hire techs and manage your team. We will train you on what to look for in a skilled technical team, and the basics of the services they will be doing so you understand the process and time it takes to perform each type of repair. LEARN MORE
Q. Can I own more than one territory?
A. Yes. We offer a Multi-Unit Development Agreement as we know some owners will be able to operate multiple territories. We offer discounts on initial franchise fees for owners who commit up front. INQUIRE TODAY
Q. How many employees are needed to operate the business?
A. Typically between 1 and 3 employees depending on number of calls, fleet accounts, preventative maintenance programs and distance to your customers. LEARN MORE
Q. How much will the business make in a year?
A. We will be able to share our Financial Performance Representation, called an Item 19 in our Franchise Disclosure Document which highlights affiliate performance and history. This can be a useful tool to help you evaluate the revenue potential for your Smith’s Lube and Repair business. INQUIRE TODAY