Last Updated on July 31, 2012 by DeanR
Lee Myles Transmissions & AutoCare Franchise
Lee Myles Transmissions & AutoCare is a franchise for a business providing automotive services and repairs. It was founded in 1947 and started franchising in 1964.
It was created by Lee Myles and opened their first location in Queens, New York. They opened not so long after the first automatic transmission line was released by General Motor’s Plant. The founder was even interviewed by Popular Science about automatic transmissions being an expert on it.
They work by three methods: First is customer satisfaction and Lee Myles said “Treat the customers with courtesy and respect and give the customer value for their money”. Second is that every location should have a state-of-the-art in leading edge technology. Third is that every location should also have state-of-the-art strategic business management. They have locations in Arizona, California, Connecticut, Colorado, Kentucky, Florida, Massachusetts, Maryland, New York, New Jersey, Texas, Pennsylvania, West Virginia, and Washington. They now have 65 locations in the United States.
What services do they offer at Lee Myles Transmissions & AutoCare?
Because they have been the biggest in the business and can provide services nationwide, fleets turned to them when they needed transmission repairs. They say that they can provide state of the art repairs. They believe that when you have them as your transmissions department, you can avoid having strangers calling you and you will be dealing with the same company every time. They do not base the employee’s salary on commission that is why they give better service. If you extend your clients to them, they will be working for you. They also provide warranties and enforce grace periods. Other products that they offer are E-books on car care and transmission entitled The Care and Feeding of your Automobile and Ten Tips to Ensure a Healthy Transmission. Besides that, they have several articles online that can help customers with their vehicles such as Extend The Life Of Your New Or Used Car, How to jump start a dead car battery, Ways to Save on Car Insurance, Your Cars Electrical System, Finding and installing car parts, 5 Automotive Tools Every Auto Owner Needs, Basic Wheel Concepts: Guide in buying Replacement Car Wheels, and Automotive air conditioner basic troubleshooting tips.
Cost and requirements on running a Lee Myles Transmissions & AutoCare franchise
You need to have a net worth of $200,000 and a total liquid asset of at least $100,000. Expect to be investing about $76,000 to $219,000. The cost of Lee Myles Transmissions & AutoCare franchise fee is $30,000 with an on-going royalty fee of 7%. This is for a renewable 15 year term agreement. You will need about four employees to run one location. They allow multi-unit ownership. They do not allow absentee ownership.
What is included in the franchise package?
There will be two weeks training at the headquarters and one week at your location. You will be receiving a toll free phone number. Expect to be attending meetings and receiving occasional field evaluations. For marketing support, there will be ad slicks, co-op advertising, and regional advertising.
Lee Myles Transmissions & AutoCare Contact Details
You may reach them at:
Address: 847 Fern Avenue Reading, PA 19607
Phone: (800) 533-6953 or (201) 262-0555