Auto Aftercare Market Statistics
- $183 Billion in Revenue
- 7.2% Industry Growth in 2011
- Increased Demand in Down Economy
- Majority of Customers Are Women
Request For Consideration
Unit Franchise Ownership FAQs
Is it necessary to have automotive experience or be an experience mechanic to become an Honest-1 franchise owner?
No Honest-1 provides the platform, training, and resources to be a successful franchise owner even if you don't have previous automotive industry experience However, our most successful owners have strong business acumen, management experience, and are actively involved in their local communities.
How long has Honest-1 been in business? How many franchise owners are operating today?
Honest-1 has been providing exceptional auto maintenance services since 2003. Currently, there are 30 stores open and operating.
How much does it cost to become an Honest-1 franchise owner?
Estimated start-up costs range from $169,750 - $398,750. For more information, click here
How much is the franchise fee?
The franchise fee is $35,000 It is included in the total estimated start-up cost.
Are there any royalty or other fees?
Yes The Royalty fee is 6% of gross sales There is also a National Advertising Fund fee of 1%, and a required 4% for local spending Royalties and ad fund fees are paid weekly.
What are the financial requirements to become an Honest-1 franchise owner?
Those interested in owning a single unit franchise must have a minimum net worth of $450,000 with $100,000 being liquid
How long does it take to open an Honest-1 franchise?
The timing varies, but in general it takes about 6-12 months from the time you execute your franchise agreement.
Is financing available?
No, financing is available only for the Region Developer Program However, Honest-1 will help you develop the business plan and package that you'll need to get financing from your lending institution.
Does Honest-1 use other brand products in their centers?
Yes We have partnerships with many national auto parts suppliers, and offer a selection of leading brands, in addition to Honest-1 products, for our customers to choose from.
Can I send managers or other employees to the training program?
Yes H-1 University is a great resource for educating and training valuable employees that will be critical to your success The only cost to you is travel and lodging.
Can I speak to a current franchise owner to get their insight?
Absolutely Once you have been qualified and we've completed the first few steps together, we'll give you access to franchise owners who will be happy to answer your questions For more on the steps, click here.
The Honest-1 Region Developer program includes opportunities for multiple and recurring revenue streams.
Our service centers are designed to ensure comfort and convenience for every customer, with an emphasis on family-friendly features and amenities.
We're Eco Friendly
Our innovative ESA® Program sets a high standard for responsible and sustainable growth in the automotive repair industry - and underscores our commitment to protecting the environment.
HonestY In Action
Earning - and protecting - customer trust is fundamental to franchise growth and success. It's also the heart of the Honest-1 difference.
What People Are Saying
Read what other Franchise Owners and Region Developers have to say about the program.