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AAMCO franchise financing options
Compare costs, fees and where to get financing for a AAMCO.
Estimated initial costs
Our cost estimates are accurate as of 2021 from Franchise Direct and include opening fees and expenses only. The location you choose for your AAMCO franchise may result in higher or lower fees.
Franchise feesAAMCO franchise fees total around $39,500, which is more than the $37,000 average for the 200 largest franchises.
|Initial license fee||$39,500 to $39,500|
|Estimated total||$39,500 to $39,500|
Equipment feesEquipment fees total $118,950 for AAMCO. This is less than the $180,023 average for the top 200 franchises.
|Signs, including in center opening package||$7,500 to $19,000|
|Shop equipment, supplies, lifts, installation, freight and taxes||$78,400 to $98,000|
|Point-of-sale system||$2,500 to $2,500|
|Three months' access and support for point-of-sale system||$500 to $500|
|Computer and phone system||$6,500 to $10,000|
|Office furniture||$5,500 to $7,000|
|Estimated total||$100,900 to $137,000|
Real estate feesReal estate will set you back $43,750 for AAMCO, thought it's less than the average of $788,376 for the top 200 franchises.
|AAMCO security deposit||$5,000 to $5,000|
|Real estate and utility deposit||$14,000 to $43,000|
|Leasehold improvements||$8,500 to $12,000|
|Estimated total||$27,500 to $60,000|
Training feesAAMCO initial training costs total $13,000 — more than the nationwide average of $9,788.
|Business coach training||$10,000 to $10,000|
|Travel expenses for training||$2,000 to $4,000|
|Estimated total||$12,000 to $14,000|
Marketing costsAdvertisement and marketing costs total up to $12,850 for AAMCO, which is more than the nationwide average of $9,938.
|Grand opening advertising expenses||$3,000 to $3,000|
|Sales materials||$500 to $1,000|
|Three months' advertising||$4,700 to $13,500|
|Local advertising||$200 - $876/ week (average $550/week) for active pools; If no pool, greater of 4% of gross receipts or $400 (or 5% of gross receipts or $500 in top 20 markets as determined by Nielsen Media Research).|
|Estimated total||$8,200 to $17,500|
Insurance costsInitial insurance costs for AAMCO run $2,000. This means you'll be paying less than the overall nationwide average of $6,311.
|Insurance||$1,500 to $2,500|
|Estimated total||$1,500 to $2,500|
Other expensesMiscellaneous expenses for AAMCO total $47,000 — less than the nationwide average of $69,970.
|Miscellaneous costs and professional fees||$4,000 to $10,000|
|Three months' additional funds||$30,000 to $50,000|
|Estimated total||$34,000 to $60,000|
How to financeSince the estimated total for AAMCO is on the more costly side, we recommend following these steps to get fully financed:
- Go to the AAMCO franchising website and review its financial requirements, including cash-on-hand requirements.
- Reach out to AAMCO about in-house financing for franchisees.
- If in-house financing isn't available, look for online loans, bank loans and SBA loans to help meet the $277,050 estimated opening costs.
- Compare lenders based on amounts, interest rates and what types of personal and business credit history they accept.
- Once you settle on a lender, gather all required documents, including account statements and assets.
- Apply for financing online or in person as required by the lender.
What types of financing is available?You have several options when it comes to financing a AAMCO — even if the cost is on the heavier side. What assets you have available will largely determine how much you need to borrow, and which option suits you best.
- Online loan. A number of online business lenders offer amounts up to $1 million, with some extending up to $5 million.
- Bank loan. Your personal credit will typically need to at least be good — 670 or higher — when it comes to getting a bank loan large enough to cover a significant portion of AAMCO opening costs.
- SBA loan. While your personal credit score doesn't need to be as good to qualify for an SBA loan, they usually cost more than standard term loans from banks or online lenders.
Compare small business lendersYou may not need financing to cover the estimated $223,600. But if you need funds for other business ventures, select the loan amount, your time in business and revenue and your personal credit score to compare a selection of lenders.
We update our data regularly, but information can change between updates. Confirm details with the provider you're interested in before making a decision.
How AAMCO stacks upCompare how AAMCO holds up against two similarly sized franchises.
|Sylvan Learning||AAMCO||Pita Pit|
|Average Franchise fees||$24,000||$39,500||$27,000|
|Average Equipment fees||$25,728||$118,950||$118,302|
|Average Real estate fees||$31,000||$43,750||$218,085|
|Average Training fees||$1,200||$13,000||$2,100|
|Average Inventory fees||$2,020||NA||$6,500|
|Average Marketing fees||$10,000||$12,850||$3,751|
|Average Licenses and permits fees||NA||NA||$600|
|Average Insurance fees||NA||$2,000||$486|
|Average Admin fees||$330||NA||$1,500|
|Average Personnel fees||NA||NA||$1,415|
|Average Other fees||NA||$47,000||$29,325|
Bottom lineAAMCO franchise costs run a total of $277,050. Before you decide to become a franchisee, compare the total costs against industry averages. And to learn more about financing read our guide to franchise financing.
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