Start a Cottman Transmissions Franchise
The Cottman Transmissions Franchise gives interested franchise applicants the opportunity to engage in a business in the automotive aftercare industry.
The Cottman Transmission Center was first established in 1962 and has since expanded throughout the country having hundreds of locations in the United States, Venezuela and Canada.
The company started franchising in 1964. Cottman’s Service Philosophy ensures its customers quality services to which the customers have trusted and relied on for the past four decades. It is home based on a street named Cottman Avenue in Philadelphia, PA.
Start up Costs and Franchise Fees for the Cottman Transmission Systems Franchise include a total investment of $175,000 to $225,000, and an initial franchise fee of $31,500. Upon approval of the franchise applicant and when the franchise is put into operation, an ongoing royalty fee of 7.5% will be collected from the franchisee and the term of agreement is for 15 years.
The Cottman Transmissions Franchise has a 40 year track record of success and offers a proven business ownership system and management model which ensures the franchise owner that he or she will be able to make quick profits and automatic revenues upon the establishment and operation of the their franchise business. The franchise follows a high margin and low volume business model that can run with a limited number of employees only.
The franchiser is in search for interested franchise applicants that are geared towards bringing the company into greater success and development. It is not a pre requisite to have prior knowledge or experience in the automotive repair industry though it will definitely be an advantage. It is however necessary to have at least general business experience and marketing skills. Upon approval of the application, the franchisee will be brought in to discuss on the specifics of the franchise agreement, from there he or she can make the necessary suggestions or proposals for the franchisers approval.
Training and support inclusive of the franchise is the initial training at the headquarters as well as ongoing training seminars for sales and technical help. The initial training consists of an extensive four week training program including three weeks at the home office as well as at your actual establishment. Training includes all aspects of the franchise operation including in depth education in personnel hiring, sales training, advertising, how to trim costs and how to balance the books and accounting. The support includes newsletters, meetings, assistance at the grand opening, toll-free phone line for inquiries, field operations and evaluations, purchasing cooperatives and security and safety procedures. Marketing assistance is inclusive of ad slicks, co-op advertising, regional advertising and the national media.
The business operations for the franchise state that at least 3 employees are required to run a franchised unit. Also, absentee ownership of franchise is not allowed as 100% of the current franchisees are owners or operators.
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