Auto Appraisal Network Franchise
Auto Appraisal Network is a franchise for an auto appraisal company. It was founded by David Williams in 1989 and started franchising in 2007. They had a customer asking for a Ford F150 appraised since he spent almost a hundred thousand dollars on it. He will be having on SEMA and he needed an appraisal for insurance purposes.
That’s the kind of job they’d get. Another was a 1995 Impala that got stolen which the owner spent over fifty thousand dollars on. The appraisal company went to battle in court for them against the insurance company. Because of all the appraisal request they were receiving nationwide, they needed to have a “network” of appraisers. They provided such training that an appraiser in Wyoming would have the exact report of an appraiser in California on a 1932 Ford. Their appraisers are members of Specialty Equipment Manufacturers Association (SEMA), North American Dealers Association (NADA), and International Automotive Appraisers Association (IAAA). They are also trained, certified, and recognized by Uniform Standards for Automotive Appraisal Procedures (USAAP). They specialize in all kinds of vehicles that are customized, classic, hot-rod, street-rod, and custom bikes.
What Services do the Auto Appraisal Network Offer?
First of all, they do appraisal reports. They would do a full document appraisal on cars, motorcycles, trucks, and watercrafts. The electronic reports are sent to the customer within hours of completion. The document includes 40-100 pictures of the vehicles customizations and identifications. They provide “agreed value” insurance policies as oppose to “stated value” insurance. This is perfect for cars that are classics, collectibles, and custom cars. They also do accident appraisals. This identifies the diminished value of your car after a repair. Pre-purchase inspections are commonly used if the car you are about to purchase is located somewhere far from you. They would do the inspection to make sure that you are getting exactly what the seller is telling you. They also do video marketing. They do appraisals on Show Cars, Show Trucks, Custom Cars, Custom Trucks, Hot Rods, Lowriders, Pro-Street, Street Rods, Race Cars, Custom Bikes, Rat-Rods, SEMA Cars, and SEMA Trucks, more than the other auto appraisal companies in the United States. They also do custom bikes and boats. Another service is VIN number decoding. Their price ranges from $195 for on-line appraisals, from $295 for on-site appraisals, and from $350 for insurance disputes.
Costs and Requirements Associated with Running a Auto Appraisal Network Franchise
You need to have a net worth of $50,000 and a total liquid asset of at least $3,000-$10,000. Expect to be investing $16,000 to $70,000. Franchise fee is $12,000 to $35,000 with an on-going royalty fee of $85 per appraisal. This is for a renewable 10 year term agreement. Absentee ownership is allowed and business can be run from home. You will need 1-2 employees to run 1 location and you are also allowed to have more than 1 location.
What’s included in the Auto Appraisal Network franchise package?
There will be 5-6 days comprehensive training on appraising at the headquarters. There will also be meetings, internet, and occasional field evaluations. For marketing, there will be co-op advertising, ad slicks, and national media.
You May Reach Them At:
Address: 19 Spectrum Pt., #605 Lake Forest, California 92630
Phone: (888)269-1120 or (949)387-7774