• Franchise Fee:$25,000
• Total Investment Range:
$196,100
• Required Cash liquidity:
$80,000
• Net Worth:
$250,000
Financing Assistance:
•Yes
Training and Support:
•Yes
Franchise Description
Honest-1® Industry
There are currently more than 249 million operating vehicles in the US. The average age of these vehicles grows older every year with over $35 billion in maintenance and repair expenditures in 2007. These facts all add up to present enormous opportunities for businesses providing quality service and exceptional value that consumers can trust.
Success within the automotive industry is dependent on partnering with a company that holds the creed of Honesty, Value, and Support in the highest regard.
Honest-1® Philosophy
Honesty, Value and Support, and an unwavering commitment to our customers and our environment are the priorities of our corporate philosophy.
We work hard to develop our brand through superior training, support, and a variety of franchise offerings including Area Representative/Master Franchises. We are America's most trusted family of automotive maintenance and repair centers. This is not only our goal; it is our mission, and the heartbeat of how we work with our franchisees and our customers, making Honest-1 the most powerful automotive franchise experience in the industry.
ECO-Friendly Auto Care®
As an innovative leader in the automotive service industry, Honest-1® is an eco-friendly company. This means we have set in place very specific eco-friendly initiatives and strategies at both the corporate level and at the center level. It is our mission to be the cleanest company in a traditionally dirty industry.
Honest-1 ESA® Certification Program
Through the Honest-1 Auto Care® ESA® (Environmentally Sustainable Actions) Certification Program we employ responsible eco-friendly practices in four primary categories:
- Pollution Prevention
- Recycling
- Resource Conservation
- Offering and Promoting ECO-Friendly Auto Care®
That is why Honest-1 Auto Care® is the responsible choice of consumers.
Honest-1 Centers
Industry statistics show that 66% of customers bringing in vehicles for service are female. Honest-1® centers are designed to be family friendly with upscale features like tiled lobbies with leather easy chairs and couches, Internet café, complimentary beverages, large screen TVs, children's play areas secured by a low wall, tiled and upscale restrooms, and exceptionally clean work areas.
Honest-1® Business Model
The automotive repair and maintenance industry is counter-cyclical, meaning it is recession resistant. As banks tighten lending requirements and interest rates rise, more car owners will hold onto their vehicles longer. This increases demand for preventative maintenance and repairs. To capitalize on this trend, Honest-1® offers a variety of services and products designed to lengthen the life of vehicles while maximizing fuel efficiency and reducing engine emissions in support of the environment.
Honest-1® Programs
Honest-1® has multiple franchise programs that fit most situations and investment levels. For current automotive repair center owners, we offer a conversion program that is simple and straight forward and includes financial incentives. For franchisees with little or no industry knowledge we provide extensive and ongoing training and our relationships with real estate developers can get you up and running in a new "build-to-suit" center. For well qualified investors, Honest-1® also offers an Area Representative/Master Franchise program that enables a franchisee to develop a territory and share in the revenues generated within their area. This variety of offerings positions Honest-1® uniquely within the automotive industry and ensures we have an opportunity that matches your circumstances.
Honest-1® Training
Honest-1® provides a complete training program for all of our franchisees and its employees. We offer a one week manager's school that covers running the front end of the business. This includes the sales process, production, software, and managing the shop. We also provide a one week owner's school that covers all the back end operations of running a center. Some aspects that are covered are accounting, marketing, human resources, software, and business planning. This is all completed with one week of field training in which the franchisee gets to actually work in a center and watch how all of this comes together. Finally, Honest-1® provides support training to all Area Representatives. This training teaches AR's how to support the franchisees in their territory on a long term basis.
Investment Requirements
Franchise Fee:
$25,000
Required Cash liquidity:
$80,000
Total Investment Range:
$196,100
Net Worth:
$250,000
