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MEINEKE - Investment Proposal

MEINEKE

Question: Name of the franchise and brief introduction:

The name of the franchise is Meineke. Meineke car care centres are one of the staples running since 1972. It was originally named as Meineke Mufflers with initial location at Charlotte. This franchise automobile repair shop now has its branches in Brazil, North America as well as China. With the passage of time, it gained domestic as well as international popularity in automobile care. Working on the mission of inhibiting innovation in their service, they have managed to gain public confidence. They have effectively managed to narrow down the gap between the needs of its customers for better workmanship and its service.

Question: Services it offers to its franchisees:

This is a top quality service provider that assists its franchisees in attaining invaluable knowledge by undergoing training and development programs to ensure that they meet success through their activities and proper delivery of such services. It also offers them various advertising programs that help them achieve augmented sales through public recognition of its brand. It also provides assistance in intense marketing strategies to its franchisees. It is also known to provide operational as well as technological support. They also provide teaching facilities on how to run a business rather than just focusing on the car repair system. Hence it works on the four fold principles of training, educating, technological support and innovation.

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Question: Investment costs in owning a franchise:

Opening a Meineke franchise depends on the size as well as the scope of the business. It includes all relevant training and development expenditures for the franchise to be a success in future. The average investment varies from $ 123121 to $ 572411. Thus average investment would be $347766 (average investment = <high + low>/ 2). This also includes expenditures in capital assets as well. Details of the expenditures are as follows:

Question: Reasons that make this investment proposal worthwhile:

Considering the risk associated with any type of business organisation it is advisable to look into the opportunities that the potential business organisation or an idea promises. Automobile repair sector is one such area which can yield enormous profits to an entrepreneur. Such is the case of this acquiring franchisee. Making an investment in this sector is completely worthwhile due to the following given reasons:

The United States economy has witnessed over 90% of the households owning cars. And a car care system is bound to flourish when there is increase in the number of cars sold. Household would demand occasional repair and maintenance. This would hence I love the franchisees to recognise enormous profits throughout the life of their business. It can be therefore concluded that the business would have an everlasting demand that already and established base of clients

Owning a car care system would allow their franchisees to be the boss of their showrooms and hence not work under an authority. It is estimated that are likely to witness an annual turnover of seven lakh dollars thus taking away a huge as net income. Search high income owners would maintain high standards of living and contribute directly to the growth of the economy. Moreover if the franchisee lives in a metropolitan city, it is likely that he would surpass the aforementioned estimated figure as well.

The above reasons provide guarantee for a complete success to the franchisee. Apart from the reasons listed above owning such a car care system would ensure and provide different sizes with better expansion opportunities to exploit. It would make him professionally as well as financially stable by giving him the next big thing to do in his career.

After deeply examining the advantages of entering this industry can be easily concluded that the investment is worth making. It would not only provide the franchisee with a pop up boost in its profit but would also trigger its expansion strategies.

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Mode of financing:
It would be feasible to finance this business option by releasing debt equivalent to the amount of investment made. The interest borne shall not affect its decision of undertaking the investment in this car care system.

Details of loan borrowed at 5% per annum payable monthly:
If the amount of average investment is borrowedo @ 5% repayable in monthly instalments, the following shall be applicable:
Monthly equated instalments =
{[Amount borrowed * (1+monthly rate of interest) ^ number of months]}/ {[(1+ monthly rate of interest) ^ number of months]-1}
Thus, equated monthly instalments is $ 6562

Details of loan borrowed at 6% per annum payable monthly:

If the amount of average investment is borrowed @ 6% repayable in monthly instalments, the following shall be applicable

1. Total amount borrowed is $ 347766
2. Equated monthly instalment shall be $ 3861
3. Total interest cost shall be $ 1738.83