Since you’ve explored information about our transmission and auto repair franchise in the past, I think you’ll be interested in this news: AAMCO recently announced a partnership with BoeFly, an online marketplace for small business borrowers and lenders, to accelerate AAMCO’s rapid expansion around the nation. Through this strategic partnership, AAMCO will be able to leverage BoeFly's nationwide network of lenders to help new and existing franchisees secure the financing needed to open and run their businesses successfully.
"At AAMCO, we are committed to the success of our franchisees, and this partnership will position us for continued growth," said Brett Ponton, President and CEO of AAMCO Transmissions Inc. "With BoeFly's service, it allows our franchise partners to quickly and easily understand their financing options for opening new centers or enhancing their current location.”
At no cost to AAMCO franchisees, BoeFly's loan experts will assist them in creating complete, bank-ready financing requests. Through a single post on BoeFly's internet-based loan exchange, they will have immediate access to banks and non-bank financing institutions that are interested in lending.
If your pursuit of owning an AAMCO franchise has been deterred due to the lack of previous financing options, our new partnership with BoeFly could have you in business in no time.
The AAMCO opportunity
For more than 50 years, AAMCO's locally owned and independent service centers have employed the latest technology, and its expert technicians diagnose a problem, fix it right the first time, and back it with a nationwide warranty. Known as the world's leading transmission expert, AAMCO has evolved into a Total Car Care brand providing a variety of services, including brake repairs, tune-ups, shocks and struts, routine maintenance, and more, and we were recently named to Entrepreneur's 2015 Franchise 500®. Ranking at the top of the transmission repair category based on system size, growth rate, and financial strength also earned the brand a spot on Entrepreneur's "Best of the Best" list.
Costs and fees
With nearly 700 centers across North America, AAMCO is actively seeking single- and multi-unit 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 $227,400-$333,000 with a $39,500 initial franchise fee. Reduced franchise fees are available for honorably discharged veterans.