Take the Next Step
How do you get started with Car-X? Fill out and mail in the enclosed Qualification Sheet. Once we process your information and see that you meet our preliminary qualifications, we will contact you to set up your initial interview.
During that day, you will learn all about the various aspects of The Car-X Franchise System – from real estate development and financing to advertising and shop operations. That initial interview gives both parties the opportunity to determine whether we’re right for one another.
THE CAR-X FRANCHISE:
- The initial term of a Car-X Franchise Agreement is 15 years.
- The royalty fee paid to Car-X is 5% of gross sales.
- The minimum advertising fee is 5% of gross sales, exclusive of Yellow Pages advertising.
- Minimum cash required for an initial Car-X franchise is $90,000 with the ability to obtain additional financing.
ESTIMATED INVESTMENT FOR A CAR-X FRANCHISE
| ITEM |
ESTIMATED LOW |
ESTIMATED HIGH |
| INITIAL FRANCHSIE FEE |
$25,000 |
$25,000 |
| INITIAL ADVERTISING |
$5,000 |
$10,000 |
| LEASE DEPOSIT & FIRST MONTH'S RENT |
$8,000 |
$18,000 |
| MISCELLANEOUS PRE-OPENING EXPENSES |
$10,000 |
$25,000 |
| TRAVEL & LIVING EXPENSES WHILE TRAINING |
$1,000 |
$3,000 |
ADDITIONAL FUNDS
|
$10,000
__________
|
$35,000
____________
|
| TOTAL ESTIMATED LIQUID CAPITAL NEEDED |
$59,000 |
$116,000 |
The following items are normally financed.
|
|
|
EQUIPMENT AND FURNITURE
|
$120,000 |
$135,000 |
| AWNING |
$ 0
|
$ 5,000
|
| SIGNAGE |
$15,000 |
$25,000 |
INITIAL INVENTORY(The majority of which can be financed through our vendors at no interest.)
|
$20,000
___________
|
$45,000
___________
|
TOTAL ESTIMATED INITIAL INVESTMENT NEEDED
|
$214,000 |
$326,000 |