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AAMCO franchise financing options

Compare costs, fees and where to get financing for a AAMCO.

Editor's choice: OnDeck business lines of credit

  • Business loan amounts up to $250k
  • Repayment terms up to 18 months
  • $100k in annual revenue required
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Overall costs for AAMCO run anywhere from $223,600 to $330,500. See how the costs break down and what funding options might be right for your new venture into the franchise foray.

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 fees

AAMCO franchise fees total around $39,500, which is more than the $37,000 average for the 200 largest franchises.
Franchise Cost
Initial license fee $39,500 to $39,500
Estimated total $39,500 to $39,500

Equipment fees

Equipment fees total $118,950 for AAMCO. This is less than the $180,023 average for the top 200 franchises.
Equipment Cost
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 fees

Real estate will set you back $43,750 for AAMCO, thought it's less than the average of $788,376 for the top 200 franchises.
Real estate Cost
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 fees

AAMCO initial training costs total $13,000 — more than the nationwide average of $9,788.
Training Cost
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 costs

Advertisement and marketing costs total up to $12,850 for AAMCO, which is more than the nationwide average of $9,938.
Marketing Cost
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 costs

Initial insurance costs for AAMCO run $2,000. This means you'll be paying less than the overall nationwide average of $6,311.
Insurance Cost
Insurance $1,500 to $2,500
Estimated total $1,500 to $2,500

Other expenses

Miscellaneous expenses for AAMCO total $47,000 — less than the nationwide average of $69,970.
Other Cost
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
All costs were found using the 200 largest franchises nationwide using Franchise Direct's list of more than 300 franchises, and are accurate as of 2021.

How to finance

Since the estimated total for AAMCO is on the more costly side, we recommend following these steps to get fully financed:
  1. Go to the AAMCO franchising website and review its financial requirements, including cash-on-hand requirements.
  2. Reach out to AAMCO about in-house financing for franchisees.
  3. 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.
  4. Compare lenders based on amounts, interest rates and what types of personal and business credit history they accept.
  5. Once you settle on a lender, gather all required documents, including account statements and assets.
  6. 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.
Also check if AAMCO franchise financing is available. You may be able to get some of the costs covered for less than you would with other traditional funding options.

Compare small business lenders

You 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.
Name Product Filter Values Min. Amount Max. Amount Requirements
Biz2Credit business loans
up to $6 million
up to $6 million
6+ months in business; $100,000+ monthly revenue; 500+ credit score
Get only the capital you need through secure, prescreened lenders with this highly rated company offering SBA, expansion, working capital and other loans.
OnDeck short-term loans
600+ personal credit score, 1 year in business, $100,000+ annual revenue, active business checking account
A leading online business lender offering flexible financing at competitive fixed rates.
Fora Financial business loans
6+ months in business, $12,000+ monthly revenue, no open bankruptcies
Get qualified for funding in minutes for up to $500,000 without affecting your credit score. Best for companies with at least six figures in annual revenue.
Lendio business loans
Operate business in US or Canada, have a business bank account, 560+ personal credit score
Submit one simple application to potentially get offers from a network of over 300 legit business lenders.
ROK Financial business loans
Eligibility criteria 3+ months in business, $15,000+ in monthly gross sales or $180,000+ in annual sales
A connection service for all types of businesses — even startups.

Compare up to 4 providers

How AAMCO stacks up

Compare 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 line

AAMCO 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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