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Mighty Auto Parts

Mighty Auto Parts is a leading network of […]

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Franchise Costs and Requirements

Franchise Details

Year Established: 1963
Category Locations: N/A
Available Ownership Type: N/A
Corporate HQ City:
Corporate HQ State:
Investment Range: $240,500
Canada Franchising: Yes
Latin America Franchising: Yes
India Franchising: Yes
Royalty Percentage: 5%%
Veteran Discount: Yes
E2/EB5 Visas: Yes
Master Franchise Opportunities: Yes

Background

About Mighty Auto Parts Franchises

Mighty Auto Parts is a leading network of auto parts manufacturers, founded in 1963. They provide auto part suppliers with asset storage systems and preventive repair products. Headquartered in Norcross, Georgia, Mighty Auto Parts has over 90 franchises across 40 states. They are also exploring franchise opportunities in Latin America, the Middle East, and other countries.

Why Choose a Mighty Auto Parts Franchise?

Mighty Auto Parts has been successful for over 50 years by focusing on providing franchisees with exclusive market rights, comprehensive training programs, and tools to track their financial performance. They aim to offer franchisees flexibility and control over their schedules, with minimal weekend or evening work.

The company is committed to supporting its franchisees with high-quality products, robust training, and all the resources they need to succeed. Franchisees benefit from cutting-edge technology for efficient business management and client communication. They also receive comprehensive classroom and on-the-job training to prepare them for running their own franchise. Mighty Auto Parts provides dedicated support for warehouse setup, IT services, in-store training, and technical assistance. Franchisees have opportunities to network with other franchisees at annual conferences.

Advantages of a Mighty Auto Parts Franchise

Mighty Auto Parts operates within the thriving automotive industry. Their focus on premium products, materials handling expertise, excellent customer support, and competitive pricing gives franchisees a significant advantage in the market.

To become a Mighty Auto Parts franchisee, you will need to make an initial investment, which includes a franchise fee. Military veterans may qualify for a discount on the franchise fee and waived training and management costs.

While Mighty Auto Parts doesn't directly offer financing, they have partnerships with third-party loan providers. These loans can help cover franchise payments, startup costs, supplies, inventory, receivables, and payroll.

It's important to note that Mighty Auto Parts doesn't provide specific income projections. Franchise profits and revenue depend on various factors such as commercial lease rates, labor costs, and local market demand.

Steps to Open a Mighty Auto Parts Franchise

If you are considering opening a Mighty Auto Parts franchise, take the time to thoroughly research the brand and your local area to determine if it's a good fit. While competition is healthy, excessive competition can be detrimental to your franchise's success.

An initial inquiry will lead to an interview with a Mighty Auto Parts franchise representative. If the initial discussions are promising, potential franchisees will be invited to attend a presentation outlining Mighty Auto Parts' business model.

After meeting with Mighty Auto Parts representatives, other franchisees, and reviewing the Franchise Disclosure Document, you may be invited to meet with the executive team. This is your chance to ask final questions, submit your business plan, and receive final approval for your Mighty Auto Parts franchise.

Support & Training offered by Mighty Auto Parts

Additional Information

Category Location N/A
Number of Units Open 101 (as of 2023)
Investment Range $240,500 - $517,600
Master Franchise N/A
Home based franchise YES
Item 19 Franchise YES
Veteran Discount YES
Franchise Opportunities in Canada YES
International Franchise Opportunities
E2/EB5 Visa Franchise YES
The Franchise Yellow Pages (FYP) is an internationally recognized franchise information site. FYP supports business owners through the process of identifying and investing in franchise businesses. FYP showcases thousands of franchise brands for educational purposes. We do not represent all franchises listed here. By clicking on “Request Free Information” and “Request a Consultation,” you are agreeing to be contacted by a Franchise Consultant to discuss franchise ownership.
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