Paint Medic
Yes, we actively support the inclusion and development of minority-owned franchises in the Paint Medic system.
Paint Medic
3111 Walden Ave.
Depew, NY 14043
800#: (866) 446-2277
Tel: (905) 732-9770
Fax: (905) 788-1939
E-mail: moniquefinley@paintmedic.com
Web Site: www.paintmedic.com
Contact: Ms. Monique Finley, VP Franchise Development
PAINT MEDIC is an automotive paint touch-up company. Our franchisees and their technicians can quickly, cost-effectively and permanently repair stone chips, scratches, plastic bumper scuffs and other minor paint blemishes. We service new and used car dealerships, rental car agencies, fleet companies and retail consumers. PAINT MEDIC operates from both fixed location retail facilities, as well as on a mobile basis. PAINT MEDIC is ideally suited for someone who loves cars and wants to be his own boss.
Franchisor Background
Established: 1990
First Franchise: 1995
Franchise Units: 22
Company-Owned Units: 2
Total Units: 24
Distribution:
> North America -- Operations in 2 States, 3 Provinces
> States/Provinces with Greatest Density: 20 in ON, 1 in NY
Units Owned by Minorities:
>African-American:
>Hispanic:
>Asian-American:
>Native American:
>Other:
Average Number of Employees: 3-4 FT, 1-2 PT (FT = Full Time, PT = Part Time)
Space Needs: 2,000 SF; FS
(for abbreviations click here)
Financial Requirements
Cash Investment: $30-60K
Total Investment: $30-60K
Average Total Investment: $45K
Minimum Net Worth: $50K
Fees
>Franchise: $25-50K
>Average Franchise Fee: $37K
>Royalty: 5%/$500
>Advertising: NA
Provide Earning Claim Statement: No
Terms of Contract
Term of Contract (Years): 10.10
Passive Ownership: Not Allowed
Area Development Agreements:Yes/10
Sub-Franchising Contracts: No
Expand In Territory:Yes
Franchisor Support and Training Provided
Site Selection Assistance:Yes
Lease Negotiation Assistance: Yes
Cooperative Advertising: NA
Franchisee Assoc. / Member: No
Size Of Corporate Staff: 7
On-Going Support: B,C,D,G,h,I (for an explanation click here)
Training: 3 Weeks Buffalo, NY; 1 Week in Territory.
Specific Minority Program(s) in Place: Although we strongly support the objectives of the NMFI, we do not yet have any specific programs in place at this time.
Franchisor's Specific Expansion Plans
U.S.: Focusing on NE
Note: NR = No Response by Franchisor.
For a sample questionnaire click here.
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