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July 21, 2016 02:00 AM

AAMCO outlet network growing

Tire Business Staff
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    HORSHAM, Pa. (July 21, 2016) — AAMCO Transmissions Inc. expects the number of franchised AAMCO Total Car Care centers to grow by at least 55 this year, based on deposit agreements it has received thus far in 2016 from current and prospective franchisees.

    “AAMCO is experiencing yet another strong year of growth and development,” said Brett Ponton, CEO and president of AAMCO and its parent company, American Driveline Systems Inc.

    “Our brand's proven business model has stood the test of time and is only continuing to evolve as we look for new ways to simplify and improve operational efficiencies. AAMCO's success can also be attributed to the dedication of our strong franchised operators who are committed to providing the best service experience to their customers.”

    Horsham-based AAMCO also noted that the average sales volume per outlet grew 4.1 percent in the year's first half over 2015 to $669,607, based in part on the initiation of a consumer financing program that gives customers access to multiple lenders through one credit application.

    This new technology, developed by Versatile Credit Inc., has proved successful in maximizing loan approval rates and amounts, AAMCO said, and thus should help drive long-term franchisee profitability.

    As part of its accelerated growth strategy, AAMCO is focusing the chain's expansion efforts in target cities nationwide, including Atlanta, Baltimore, Chicago, Denver, Miami, Los Angeles, Seattle and Washington, D.C., among others.

    Brett Ponton

    The company has evolved in recent years into a total car care brand that provides a variety of services, including brake repair, tune-ups, shocks and struts, routine maintenance and more. AAMCO was ranked No. 1 on Entrepreneur magazine's 2016 Franchise 500 in the transmission repair category.

    With nearly 700 service centers in North America, AAMCO said it is seeking single- and multi-unit franchisee operators who are passionate about the brand and committed to providing the highest quality service.

    Interested candidates should have a minimum net worth of $250,000 and liquid assets of at least $65,000 per unit. Depending on the real estate site selected, franchisees can expect the total investment to be approximately $227,400 – $333,000 with a $39,500 initial franchise fee, according to the company.

    Reduced franchise fees are available for honorably discharged veterans.

    To learn more about franchise or conversion opportunities with AAMCO, contact Eric Simon, director of franchise development, at 866-379-5649 or [email protected], or visit the company's website.

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