Cottman Transmission FDD Summary
Type of Business
The franchise offered is for an automotive shop that repairs, remanufactures and services transmissions and other driveline related component parts (including batteries, electrical, cooling and radiator) under the trade name Cottman Transmission. The franchisor offers Cottman Center franchises only to: (1) existing Cottman franchisees who are renewing an existing Cottman License Agreement; (2) purchasers of an operating Cottman Center from an existing Cottman franchisee and who meet their qualifications; and (3) purchasers of a recently closed Cottman Center who will re-open and operate a Cottman Center at the same premises or another location within the same geographic market area and who meet their qualifications.
Corporate Information
Cottman Transmission Systems, LLC is a Delaware limited liability company formed on August 14, 2000. Cottman does business as “Cottman Transmissions” and also “Cottman Transmissions and Total Auto Care”. Their
principal business address is 201 Gibraltar Road, Horsham, Pennsylvania 19044. On March 31, 2004, Cottman became a wholly-owned subsidiary of American Driveline Systems, Inc., a Delaware corporation. ADS is Cottman’s direct parent company and has the same principal business address as Cottman.
Investment
The total investment necessary to begin operation of a new Cottman Center franchise ranges from $192,199 to $230,499. This includes $58,599 to $70,099 that must be paid to the franchisor or its affiliate. The total investment necessary to renew a Cottman Center franchise that requires no refurbishing is $0, since they do not charge a renewal fee. The total investment for a buyer of an existing Cottman Center will be $14,000 (consisting of the initial fees that must be paid to the franchisor), plus the purchase price for the business payable to the seller, and the cost of any refurbishing.