Business Description

We offer and support franchises for LEE MYLES TRANSMISSIONS & AUTOCARE businesses that provide servicing, repair and replacements of standard and automatic transmission, as well as preventative maintenance and specialty general automotive repair and related services and products.

Franchisor Background

Year Established:  1947

Franchising Since:  1964

Operating Units:
Franchised Units:	95	100%
Company-Owned Units:	0	0%
Total Operating Units:	95	100.0%
Minority Representation Units Owned by Minorities: African-American: 1 Asian-American: 2 Hispanic: 5 Native American: 1 Other: 2 Specific Minority   Program(s) in place: We are registered with the SBA's franchiseregistry.com website for ease of obtaining a loan through an unrelated third party.
Geographic Distribution: U.S.: 95 100% In 17 States Canada: 0 0% In 0 Canadian Provinces International: 0 0% In 0 Foreign Countries   Total: 95 100.0%

North America:
States/Provinces with the largest number of operating units:

Density	Units
1. Arizona	12
2. New Jersey	12
3. New York	25

Registered in Following Registration States: California, Florida, Illinois, Indiana, Maryland, Michigan, Minnesota, New York, North Dakota, Oregon, Rhode Island, South Dakota, Virginia, Washington, Wisconsin, District Of Columbia

Financial Requirements

Investment:
Minimum Net Worth:	$250K
Cash Investment:	$70-90K
Total Investment:	$177-206K
Average Total Investment:	$192K
Fees:
Initial Franchise Fee:	$30K
Average Franchise Fee:	$30K
On-Going Royalty:	7%
Average Royalty:	7%
Advertising Fee:	Regional Co-ops Set Rates

Average Number of Employees: 4 Full-time, 0 Part-time

Space Needs (in square footage): 2,500 - 3,000

Preferred Sites: Free-standing Building, Strip Center

Other Sites: Auto Mall

Encourage Conversions? Yes

Earnings Claims Provided?: Yes

Franchisee Qualifications
Ranked from 1 (unimportant) to 5 (important):
Financial Net Worth:	4
General Business Experience:	4
Specific Industry Experience:	4
Formal Education:	5
Psychological Profile:	5
Personal Interview(s):	5
Terms of Contract
Term of Initial Contract:	15 Year(s)
Term of Renewal Period:	15 Year(s)
Passive Ownership:	Not Allowed
Area Development Agreements?	Yes, for 1 Year(s)
Sub-Franchising Contracts?	No
Franchisees Allowed to Expand Within Territory?	Yes
Support and Training
International Franchise Association:	Yes
Canadian Franchise Association:	No
Franchisee Association/Member:	No
Size of Corporate Staff:	15
Site Selection Assistance?	Yes
Lease Negotiation Assistance?	Yes
Financial Assistance?	Yes, Indirect
Marketing Support:
Co-Op Advertising:	Yes
National Advertising:	No
Regional Advertising:	No
Local Advertising:	No
Marketing Materials:	None Specified
Additional Services:	None Specified
Other Marketing Support:	None Specified
On-Going Support:
Central Data Processing:	Not Applicable
Central Purchasing:	Not Applicable
Field Operation Evaluation:	Included in Fees
Field Training:	Included in Fees
Initial Store Opening:	Included in Fees
Inventory Control:	Not Applicable
Franchisee Newsletter:	Included in Fees
Regional or National Meetings:	Included in Fees
800 Telephone Hotline:	Included in Fees
Training:
1. Corporate Office	1-2 Weeks
2. In-Store Training	1 Week
Expansion Plans
Projected New Units Over Next 12 months: 22 U.S.: Yes, All US Exc. AK and HI Canada: Yes, All Canada Overseas: No	Request Franchisor Info   Submit an online form to receive information from Lee Myles Transmissions & Autocare.