Mighty Distributing System Of America
Click
here to link to Mighty Distributing System of America’s detailed company profile
Mighty Auto Parts has offered franchise opportunities to individual entrepreneurs since 1970. Mighty Auto Parts enjoys a strong reputation within the automotive aftermarket - a key blueprint for success for qualified investors.
Mighty sources the finest quality auto parts from the world’s leading manufacturers both in the United States and abroad, serving as the connection between manufacturers and professional technicians throughout the country. Mighty prides itself on its organizational culture that makes personal service a priority of the company and does whatever it takes to enhance the success of its customer-partners. This company culture is articulated in the Mighty slogan: “Partners to the Automotive Professional.”
| |
Operating Units |
12/31/2007 |
12/31/2008 |
12/31/2009 |
|---|
| | Franchised | 106 | 107 | 102 |
| | % Change | -- | 0.09% | -4.7% |
| | Company-Owned | 5 | 4 | 4 |
| | % Change | -- | -20.0% | 0.0% |
| | Total | 111 | 111 | 106 |
| | % Change | -- | 0.0% | -4.5% |
| | Franchised as % of Total | 95.5% | 96.4% | 96.2% |
Investment Required
The fee for a Mighty franchise ranges between $12,875-$34,750.
Mighty Distributing provides the following range of investments required to open your initial franchise. The range assumes that all items are paid for in cash. To the extent that you choose to finance any of these expense items, your front-end investment could be substantially reduced.
| |
Item | Established Low Range | Established High Range |
| | Franchise Fee | $12,875 | $34,750 |
| | Office Equipment | $1,500 | $2,000 |
| | Warehouse Equipment | $2,000 | $7,500 |
| | Stationery and Supplies | $250 | $250 |
| | Initial Training Travel Expense | $1,200 | $1,800 |
| | Professional Fees | $500 | $1,000 |
| | Opening Inventory | $50,000 | $60,000 |
| | Vehicles | $10,000 | $30,000 |
| | Computer Equipment | $22,000 | $27,000 |
| | Initial Promotions | $3,000 | $5,000 |
| | Required Insurance | $2,500 | $2,500 |
| | Deposits, Licenses | $500 | $500 |
| | Additional Funds (3 months) | $30,000 | $50,000 |
| | Total Investment* | $139,300 | $210,400 |
*total investment does not include real estate costs.
On-going Expenses
Mighty franchisees pay a monthly royalty fee equal to 5% of total gross sales, and an advertising fee equal to 0.5% of total gross sales per month. Other fees payable by the franchisee include a 1-time Franchisees Association fee of $250 and Franchisees Association dues of $100 per year.
What You Get–Training and Support
Mighty Distributing provides the franchisee and/or the designated manager with approximately 5-10 days of training in the operation of the Franchised Business, including classroom business and sales training, and field sales and operations training. The franchisee receives various written instructions, buying guides and confidential manuals, including Mighty’s on-line “Buying Guide” and “Operations Manual,” which are amended periodically.
Franchisees are also provided with pre-opening or opening assistance in the initial operation of the franchised business. They are informed of sources for signs, equipment, fixtures, furnishings, improvements and other available products and services for the operation of the Mighty Franchise.
Territory
Mighty Distributing grants exclusive territories.
Note: The tables and information regarding the number of operating units, investment required, on-going expenses, training and territory grants were taken from the company’s 2010 FDD. Upon receipt of the 2011 FDDs, we will provide new and updated write-ups that will reflect more current information. The 2011 write-ups will be incorporated into the 2012 Edition of Bond’s Hottest New Franchises publication.
|
