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Franchise 500 2023
Franchise 500 Rank
N/R Not ranked last year
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Initial investment
$77K - $158K
Units as of 2018
10 Increase 150.0% over 3 years

Company Overview

About iMechanic

Industry Tech Businesses
Related Categories Electronics Repairs/Sales, Miscellaneous Maintenance Businesses, Miscellaneous Services, Miscellaneous Tech Businesses
Founded 2010
Leadership Nicholas Helton, CEO
Corporate Address 413 S. Walnut St.
Bloomington, IN 47401
Social Facebook, Twitter, Instagram

Business Overview

Franchising Since 2017 (7 years)
# of employees at HQ 15
Where seeking

This company is offering new franchises in the following US states:

# of Units 10 (as of 2018)

Information for Franchisees

Here's what you need to know if you're interested in opening a iMechanic franchise.

Financial Requirements & Ongoing Fees

Here's what you can expect to spend to start the business and what ongoing fees the franchisor charges throughout the life of the business.

Initial Franchise Fee Information Circle
$35,000
Initial Investment Information Circle
$77,100 - $157,750
Cash Requirement Information Circle
$75,000
Veteran Incentives Information Circle
20% off franchise fee
Royalty Fee Information Circle
7%
Ad Royalty Fee Information Circle
1%
Term of Agreement Information Circle
10
Is franchise term renewable? No
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Financing Options

Some franchisors offer in-house financing, while others have relationships with third-party financing sources to which they refer qualified franchisees.

Third Party Financing iMechanic has relationships with third-party sources which offer financing to cover the following: franchise fee, startup costs, equipment, inventory, accounts receivable, payroll

Training & Support Offered

Franchisors offer initial training programs and a variety of ongoing support options to help franchisees run their businesses.

On-The-Job Training 40 hours
Classroom Training 119 hours
Ongoing Support
Purchasing Co-ops
Newsletter
Meetings & Conventions
Grand Opening
Online Support
Lease Negotiation
Field Operations
Site Selection
Franchisee Intranet Platform
Marketing Support
Co-op Advertising
Ad Templates
Social Media
SEO
Website Development
Email Marketing

Operations

Additional details about running this franchise.

Is absentee ownership allowed? No
Can this franchise be run from home/mobile unit? Information Circle
No
Can this franchise be run part time? Information Circle
No
Are exclusive territories available? Information Circle
Yes
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Disclaimer
The information on this page is not intended as an endorsement or recommendation of any particular franchise or business opportunity by Entrepreneur Media. Our listings and rankings are solely research tools you can use to compare opportunities. Entrepreneur stresses that you should always conduct your own independent investigation before investing in a franchise or business opportunity. That should include reviewing the company's legal documents, consulting with an attorney and an accountant, and talking to former and current franchisees/licensees/dealers.
Updated: December 12th, 2022