Mighty Auto Parts logo

Mighty Auto Parts

Wholesale distribution of auto parts, chemicals, lubricants, shop supplies, and detailing products

Investment

$247,500

Initial Franchise Fee

$25,000 - $60,000

Units

96

Growth Rate

-2%

Overview About Investment Territories Support Operations Ranking History

Overview

Industry Automotive
Founded 1963
Franchising Since 1970
Parent Company Grupo Gonher
Leadership Chris Adams, Chief Revenue Officer
# of Employees at HQ 45

Units and Growth Chart

About Mighty Auto Parts

Founded in 1963, Mighty Auto Parts is a network of auto part manufacturers. These manufacturers offer asset storage systems and preventive repair products to vehicle service part suppliers

Based in Norcross, Georgia, Mighty Auto Parts has over 90 franchises in over 40 U.S. states. Outside of the U.S., Mighty Auto Parts may offer franchising opportunities in Latin America, the Middle East, and other select countries.

Why You May Want to Open a Mighty Auto Parts Franchise

Mighty Auto Part's business model of licensing exclusive markets, offering cutting-edge training, and helping franchisees track financial results has been the formula for more than five decades. Mighty Auto Parts may allow franchisees to experience personal freedom to live according to their schedule, with franchisees hardly working on weekends or at night.

The company is committed to arming its franchisees with reliable, sustainable services and high-quality goods, training, and all the resources and support they need to be competitive. Franchisees are said to work with state-of-the-art technology to help organize the business and communicate with clients. They are also offered extensive classroom and on the job training to best prepare them to operate their new franchise. A dedicated team will help franchisees with warehouse setup, IT support, in-store training, and technician clinics. Franchisees may also be able to attend annual conferences to network with other Mighty Auto Parts franchisees.

What Might Make a Mighty Auto Parts Franchise a Good Choice?

Mighty Auto Parts operates within a robust automobile sector. With a blend of premium goods, material handling experience, excellent personal support, and aggressive pricing Mighty Auto Parts’s mission is to give its franchisees a distinct competitive edge in the market. 

To franchise with Mighty Auto Parts, franchisees need to make an initial investment, including paying a franchise fee. If you're a military veteran, you may receive a discount on the franchise fee. Mighty Auto Parts may also waive a set amount in training and management costs for veterans. 

Though Mighty Auto Parts does not directly offer finance options, it has agreements with third-party loan sources. You may be able to use these loans to cover franchise payments, start-up expenses, supplies, inventory, accounts receivable, and payroll.

Mighty Auto Parts can't provide information on projected income. Franchise profits and revenue depend on various factors, including commercial lease rates, labor costs, local demand for your product, etc.

How Do You Open a Mighty Auto Parts Franchise?

As you decide if you wish to open a franchise with Mighty Auto Parts, make sure you take time to explore the opportunity. Research the brand and your local area to see if a franchise would do well in your community. While competition is healthy, too much of it can be detrimental to your new location.

An initial franchise inquiry may bring a Mighty Auto Parts interview with a franchise representative. If initial discussions go well, potential franchisees may attend a presentation discussing Mighty Auto Parts’ way of business. 

After meeting with Mighty Auto Parts representatives, other franchisees, and reviewing the Franchise Disclosure Document, you may travel to meet the executive team. This is your chance to ask final questions, fill out the business plan, and get a stamp of approval, allowing you to open your Mighty Auto Parts franchise.

Investment Details

Initial Franchise Fee $25,000 - $60,000
Initial Investment $247,500 - $570,600
Net Worth Requirement $500,000
Cash Requirement $100,000
Royalty Fee 5%
Ad Royalty Fee 0.5%
Technology Fee 0
Term of Agreement 10 years
Is Franchise Term Renewable? Yes
Financing N/A
Veterans Incentive 25% off franchise fee

Available Territories

Franchising opportunities available in the following regions

United States

Training & Support Programs

Comprehensive training and ongoing support to help you succeed

Training

On the Job Training 96 hours
Classroom Training 29 hours

Ongoing Support

Purchasing Co-ops
Newsletter
Meetings & Conventions
Toll-Free Line
Grand Opening
Online Support
Security & Safety Procedures
Field Operations
Site Selection
Proprietary Software
Franchisee Intranet Platform

Marketing Support

Co-op Advertising
Ad Templates
National Media
Regional Advertising
Social Media
SEO
Email Marketing
Loyalty Program/App

Operations & Requirements

Key operational details and requirements for running this franchise

Is absentee ownership allowed? No
Can this franchise be run from home/mobile unit? No
Can this franchise be run part time? No
# of employees required to run 1
Are exclusive territories available? Yes

Ranking History

Mighty Auto Parts performance in the Franchise rankings over recent years

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Disclaimer
The information on this page is not intended as an endorsement or recommendation of any particular franchise or business opportunity by Entrepreneur Media. Our listings and rankings are solely research tools you can use to compare opportunities. Entrepreneur stresses that you should always conduct your own independent investigation before investing in a franchise or business opportunity. That should include reviewing the company's legal documents, consulting with an attorney and an accountant, and talking to former and current franchisees/licensees/dealers.
Updated: December 12th, 2022