Lee Myles Transmissions & Autocare
Yes, we actively support the inclusion and development of minority-owned franchises in the Lee Myles Transmissions & Autocare system.
Lee Myles Transmissions & Autocare
650 From Rd., S. Lobby, 4th Fl.
Paramus, NJ 07652
800#: (800) 533-6953
Tel: (201) 262-0555
Fax: (201) 262-5177
E-mail: info@leemyles.com
Web Site: www.leemyles.com
Contact: Mr. Sal Gargone, Franchise Development
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
Established: 1947
First Franchise: 1964
Franchise Units: 95
Company-Owned Units: 0
Total Units: 95
Distribution:
> North America -- Operations in 17 States
> States/Provinces with Greatest Density: 25 in NY, 12 in NJ, 12 in AZ
Units Owned by Minorities:
>African-American: 1
>Hispanic: 5
>Asian-American: 2
>Native American: 1
>Other: 2
Average Number of Employees: 4 FT (FT = Full Time, PT = Part Time)
Space Needs: 2,500 - 3,000 SF; FS, SC, Auto Mall
(for abbreviations click here)
Financial Requirements
Cash Investment: $70-90K
Total Investment: $177-206K
Average Total Investment: $191K
Minimum Net Worth: $250K
Fees
>Franchise: $30K
>Average Franchise Fee: $30K
>Royalty: 7%
>Advertising: Varies
Provide Earning Claim Statement: Yes
Terms of Contract
Term of Contract (Years): 15/15
Passive Ownership: Not Allowed
Area Development Agreements:Yes/15
Sub-Franchising Contracts: No
Expand In Territory:Yes
Franchisor Support and Training Provided
Site Selection Assistance:Yes
Lease Negotiation Assistance: Yes
Cooperative Advertising: Yes
Franchisee Assoc. / Member: No
Size Of Corporate Staff: 15
On-Going Support: C,D,E,G,H,I (for an explanation click here)
Training: 1-2 Weeks Corporate Office; 1 Week In-Store Training.
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.
Franchisor's Specific Expansion Plans
U.S.: All US Exc. AK and HI
Note: NR = No Response by Franchisor.
For a sample questionnaire click here.
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