Join the Car-X Tire & Auto Franchise team
So how do you get started on your journey to becoming your community’s local Car-X Man? First, fill out the questionnaire below. Once we process your information and see that you meet our preliminary qualifications, we will contact you for an introductory phone call. Additional interviews and meetings and would follow, culminating in a final decision and signing.
15yrs
INITIAL TERM LENGTH
The initial term of a Car-X Franchise Agreement is 15 years.
5%
ROYALTY FEE
The royalty fee paid to Car-X is 5% of gross sales.
5%
ADVERTISINg FEE
The minimum advertising fee is 5% of gross sales.
$90K
AVG. MINIMUM CASH REQ.
Minimum cash required for an initial Car-X franchise is $90,000 with the ability to obtain additional financing.
Car-X Franchise Estimated Investment
ITEM | ESTIMATED LOW | ESTIMATED HIGH |
Initial Franchising Fee | $25,000 | $25,000 |
Initial Advertising | $5,000 | $10,000 |
Lease Deposit & First Month's Rent | $8,000 | $30,000 |
Misc. Pre Opening Expenses | $13,000 | $35,000 |
Travel & Living Expenses (Training) | $1,000 | $3,500 |
Addtl. Funds | $10,000 | $50,000 |
Total Est. Liquid Funds Needed | $62,000 | $153,500 |
The following items are normally financed.
ITEM | ESTIMATED LOW | ESTIMATED HIGH |
Equipment & Furniture | $175,000 | $200,000 |
Signage | $15,000 | $45,000 |
Initial Inventory (The majority of which can be financed through our vendors at no interest.) | $10,000 | $15,000 |
Total | $200,000 | $260,000 |
Total Estimated Initial Investment | $262,000 | $413,500 |