Honest1 Auto Care
Auto repair and maintenance- 2023 Franchise 500 Rank
-
N/R Not ranked last year
- Initial investment
-
$223K - $1M
- Units as of 2022
-
64 12% over 3 years
Founded in 2003, Honest1 Auto Care is a one-stop shop for auto repairs. The brand offers full-service automotive repair and maintenance services, including tune-ups, brake and transmission repairs, oil changes, and preventative maintenance.
Backed by quality service and an honest relationship between customers and mechanics, Honest1 Auto Care aims to bring honesty back to the car care industry, prioritizing customer satisfaction. Honest1 Auto Care built its operations to ensure that when customers visit, they leave knowing that they got their money's worth. The brand guarantees a friendly experience with billing transparency.
Since its formation, the Honest1 Auto Care franchise has expanded to over 60 locations across the United States. Ideal franchisee candidates are qualified and competent individuals with prior experience in the field and are keen on career advancement. Running an auto repair franchise gives the franchisee a way to impact their communities by making excellent car care a reality.
Why You May Want to Start an Honest1 Auto Care Franchise
One thing that makes Honest1 Auto Care a stand-out automotive center is its goal of prioritizing all customer needs, no matter how small. At each Honest1 Auto Care center, customers can enjoy a comfortable upscale lobby, honest customer service, internet workstations, complimentary beverages, children's play areas, and clean workstations.
As an Honest1 Auto Care franchisee, you certainly won't have to worry about not knowing how to run your business! The company requires you to fulfill many hours of on-the-job training and several dozen hours of classroom training, with ongoing training as needed. Since you need eight employees to run this car franchise, training is vital to operational success. The franchise also provides marketing support to all franchisees.
What Might Make Honest1 Auto Care a Good Choice?
The auto care industry is a multi-billion-dollar industry. Owning an Honest1 Auto Care franchise gives you a chance at experiencing growth. Honest1 Auto Care also has competitive offers that include its 3-year or 36,000-mile warranty, free 24-hour roadside assistance, complimentary customer shuttle, and same-day service for most vehicles.
To be part of the Honest1 Auto Care team, you should make sure you’re financially ready for an initial investment that will include a franchise fee and other startup fees. Ongoing fees will include royalty percentages, advertising fees, and a potential renewal fee. Their typical terms of agreement run for a renewable period of twenty years. There is an option of working with third-party sources to cover many financing costs if needed.
How to Open a Honest1 Auto Care Franchise
To kickstart your Honest1 Auto Care franchise, start by completing a short request for consideration. An Honest1 team member may reach out to you with an introductory phone call if you seem like a good fit.
After getting acquainted with a franchise representative, you'll review the Franchise Disclosure Document, speak with other franchisees, and attend a discovery day.
At the end of the franchise process, you'll sign the final documents, go through training, and start your journey as the newest Honest1 Auto Care franchisee.
Company Overview
About Honest1 Auto Care
- Industry
- Automotive
- Related Categories
- Automotive Repair & Maintenance Services, Miscellaneous Automotive Products & Services
- Founded
- 2003
- Parent Company
- H-1 Auto Care LLC
- Leadership
- Michael Cowan, President & CEO
- Corporate Address
-
100 2nd Ave. S., #1203
St. Petersburg, FL 33701
- Social
Business Overview
- Franchising Since
- 2003 (2023-2003 years)
- # of employees at HQ
- 14
- Where seeking
-
This company is offering new franchisees in the following US states: Colorado, Florida, Georgia, Minnesota, New Jersey, Oregon, South Carolina, Tennessee, Texas, Virginia, Washington
- # of Units
- 64 (as of 2022)
Information for Franchisees
Here's what you need to know if you're interested in opening a Honest1 Auto Care franchise.
Financial Requirements & Ongoing Fees
Here's what you can expect to spend to start the business and what ongoing fees the franchisor charges throughout the life of the business.
-
Initial Franchise Fee
Information Circle - $45,000
-
Initial Investment
Information Circle - $223,150 - $1,019,950
-
Net Worth Requirement
Information Circle - $700,000
-
Cash Requirement
Information Circle - $200,000
-
Veteran Incentives
Information Circle - $5,000 off franchise fee
-
Royalty Fee
Information Circle - 6%
-
Ad Royalty Fee
Information Circle - 1%
-
Term of Agreement
Information Circle - 20 years
- Is franchise term renewable?
- Yes
Financing Options
Some franchisors offer in-house financing, while others have relationships with third-party financing sources to which they refer qualified franchisees.
- Third Party Financing
- Honest1 Auto Care has relationships with third-party sources which offer financing to cover the following: franchise fee, startup costs, equipment, inventory, accounts receivable, payroll
Training & Support Offered
Franchisors offer initial training programs and a variety of ongoing support options to help franchisees run their businesses.
- On-The-Job Training
- 50 hours
- Classroom Training
- 75 hours
- Ongoing Support
-
NewsletterMeetings & ConventionsSecurity & Safety ProceduresField OperationsSite SelectionFranchisee Intranet Platform
- Marketing Support
-
Ad TemplatesSocial MediaSEOWebsite DevelopmentEmail Marketing
Operations
Additional details about running this franchise.
- Is absentee ownership allowed?
- No
-
Can this franchise be run from home/mobile unit?
Information Circle - No
-
Can this franchise be run part time?
Information Circle - No
- # of employees required to run
- 8-10
-
Are exclusive territories available?
Information Circle - Yes
Interested in ownership opportunities like Honest1 Auto Care? Request a free consultation with a Franchise Advisor now.
Franchise 500 Ranking History
Compare where Honest1 Auto Care landed on this year's Franchise 500 Ranking versus previous years.
Sign Up for Our Franchise Newsletter
Stay up to date on the latest news and trends affecting the franchise industry.
Related Franchises
Are you eager to see what else is out there? Browse franchises that are similar to Honest1 Auto Care.
Related Franchise Content
Catch up on the latest franchise news, trends, and more.
Why a Strong Chief Financial Officer Is Crucial for Your Franchise — and What to Look for When Hiring One
A successful private equity transaction for your franchise business means bringing on the right strategic thought partner.
What Makes Ellie Mental Health a Top New & Emerging Franchise
CEO Erin Pash was skeptical of using franchising to expand her mental health business at first, but now she's seen the positive impact it can have
The Real Cost of Franchising Your Business
Franchising can be a low-cost way to expand your brand — but it's not no cost. Here's what to keep in mind.
Understanding the Basics of Franchising Your Business
Is franchising right for you? Unlock your business's potential and learn where to start.
How to Evaluate Whether a Franchise Opportunity is Right for You
Buying a franchise is a significant investment, so don't rush the process.
How to go From Aspiring Entrepreneur to Successful Franchisee in 9 Steps
Ready to become a franchise owner? Use this checklist to get started.