Milex / Mr. Transmission FDD – Franchise Information, Costs and Fees
Type of Business
The franchise offered is for the right to establish and operate: a business specializing in the repair, service, and installation of automobile transmissions and related components operated under the service mark “Mr. Transmission®”; a business specializing in automotive maintenance and a full line of repair services operated under the service mark “Milex® Complete Auto Care”; and a Co-Branded Mr. Transmission business and Milex Complete Auto Care business that offers the services provided by each franchised business. Franchises can be established as a start-up business or by conversion of an existing independent business to a franchised business.
Corporate Information
Moran Industries, Inc. is an Illinois corporation incorporated on July 27, 1990. They maintain their principal address at 11524 West 183rd Place, Orland Park, Illinois 60467. They do business under the names “Moran Industries, Inc.” and “Moran Family of Brands.”
Investment
The total investment necessary to begin operation of a Mr. Transmission or Milex Complete Auto Care franchised business ranges from $248,600 to $323,100. This includes $53,000 that must be paid to the franchisor or affiliate. The total investment necessary to begin operation of a Mr. Transmission and Milex Complete Auto Care Co-Branded franchised business ranges from $275,000 to $345,000. This includes $63,000 that must be paid to the franchisor or its affiliate.
The franchisor also offers certain qualified prospects the right to enter into a form of area development agreement for the right to operate multiple Co-Branded franchised businesses, with a minimum of three Co-Branded franchised businesses in a designated development area. The total investment necessary to become an area developer of three Co-Branded Mr. Transmission / Milex Complete Auto Care franchised businesses ranges from $306,000 to $376,000. This includes $93,000 that must be paid to the franchisor or its affiliate. The estimated investment for each additional business you purchase over the minimum three is from $286,000 to $356,000, including $53,000 which must be paid to the franchisor or its affiliate.
