How to Join the Car-X Franchise Family
With more than 160 locations across the United States, customers know Car-X Tire & Auto for quality automotive service and reliability. Among franchise owners, they’re recognized for ongoing support and the best franchise fee structure in the industry.
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 |