• Skip to primary navigation
  • Skip to main content
  • Skip to primary sidebar
Menu
  • Home
  • About
    • About Franchise Chatter
    • Contact
    • Privacy Policy
    • Terms of Service
    • Affiliate Disclosures
  • Subscribers Only
    • Login
    • New to Franchise Chatter? Start Here
    • America’s Most Lucrative Franchises
    • Franchises Ranked by Average Revenues
    • Franchises Ranked by Average Profits
    • Franchise Winners, Survivors and Losers Last Year
    • FDD Talk
    • Search by Name
  • Top Franchises
  • Franchise Earnings
  • Costs
  • Fees
  • Quiz
  • Search

Considering a Precision Tune Auto Care Franchise? Don’t Overlook These 20 Important Franchise Fees

Published on May 4, 2018 by Franchise Chatter Leave a Comment
in Auto Repair Franchise, Auto Service Franchise, Automotive Franchise, Franchise Fees



Learn Which Franchises Can Make You Rich

If you are considering a Precision Tune Auto Care franchise, don’t get blindsided by these 20 important franchise fees (from the initial franchise fee, to the royalty fee, to 18 other fees found in Items 5 and 6 of Precision Tune Auto Care’s 2017 FDD).

1.  Initial Franchise Fee:  $10,000 to $25,000


💵America's Most Lucrative Franchises of the Year (Subscribe Now to Unlock)



🎯Find GOOD Franchises in Your Target Industries That Are STILL Available in Your Area (Free Tool)


  • The initial franchise fee is $25,000 ($10,000 if you qualify for Precision Tune’s VetFran Program) unless you qualify for a discount under the following incentive program for multiple-unit franchisees:
  • $15,000 for a second Precision Tune Auto Care franchise, provided that you must have owned and operated 1 Precision Tune Auto Care franchise for at least 12 months.
  • $10,000 for a third and subsequent Precision Tune Auto Care franchise, provided that you have owned and operated at least 1 Precision Tune Auto Care franchise for at least 12 months.
  • Under the site development addendum to the Franchise Agreement, if you cannot, after diligent effort, find an acceptable site and elect to cancel within 180 days after you sign the Franchise Agreement, you will receive a refund of 20% off the initial franchise fee, if you are not in default of the Franchise Agreement or any other agreement between Precision Tune and you.
  • If you convert an existing, operational automotive repair facility to a Precision Tune Auto Care Center, at its option, Precision Tune may waive the initial franchise fee in whole or in part, or it may reimburse certain costs associated with making the conversion.

2.  Software License:  see below

  • Precision Tune offers to you the option to use the proprietary SoftWrench point-of-sale software program in connection with your operation of the Center. Should you decide to use this software, you must pay to Precision Tune a one-time license fee of $200, a fee for a license of Sybase software (currently $320, but subject to change from time to time) as part of the software, and quarterly support fees of $195 for so long as you use the SoftWrench software in your center.
  • For franchisees that acquire Softwrench software from Precision Tune in connection with establishing a new franchise, Precision Tune will pay on your behalf the $200 initial fee and 7 months ($455) of the software support fee.

3.  Operating Fee:  6.0%-7.5% of Gross Sales, subject to $300/week minimum

  • Due Date:  Payable weekly.
  • You must pay these fees by electronic funds transfer or by other means Precision Tune designates in writing.

4.  National Marketing Fund:  1.5% of Gross Sales

  • Due Date:  Payable weekly.
  • Precision Tune administers a national marketing and promotional fund.
  • You must pay these fees by electronic funds transfer or by other means Precision Tune designates in writing.

5.  Local/Co-operative Marketing:  up to 7.5% of Gross Sales

  • Due Date:  Payable weekly.
  • Precision Tune may require you to participate in a marketing cooperative with other Centers.
  • Typically, the co-op by-laws provide that each Center in the co-op has 1 vote per center.
  • These fees are payable directly to the local marketing co-operative and may be withdrawn by electronic funds transfer.

6.  New Center Marketing:  $3,000


🥇Franchises Ranked by Average Revenues & Profits (Subscribe Now to Unlock)



🎯Find GOOD Franchises in Your Target Industries That Are STILL Available in Your Area (Free Tool)


  • Due Date:  4-week period before and 4-week period after opening.
  • Minimum amount you must spend for opening marketing and promotion.

7.  On-Site and Local Area Training:  currently $500 per day per trainer, plus travel, lodging, and meal expenses

  • Due Date:  Due on receipt of invoice.
  • Payable only if you request training at your Center.

8.  Equipment, Supply, or Supplier Testing or Inspecting:  fee not to exceed the actual costs of inspecting and testing

  • Due Date:  Due on receipt of invoice.
  • This fee covers the cost of testing or inspecting equipment, supplies, or suppliers you propose.

9.  Ongoing Training Manuals:  $10 to $245, depending on the manual

  • Due Date:  Due on receipt of invoice.

10.  Transfer:  (a) $2,000 if transferred to an experienced manager or Precision Tune Auto Care franchisee; (b) $10,000, if transferred to any other person

  • Due Date:  Before transfer.
  • Payable if you transfer your interest in the franchise; no charge for 1st transfer to corporation that you control.

11.  Renewal:  $2,000


🏆Franchise Winners, Survivors and Losers Last Year (Subscribe Now to Unlock)



🎯Find GOOD Franchises in Your Target Industries That Are STILL Available in Your Area (Free Tool)


  • Due Date:  On or prior to effective date of renewal.

12.  Audit:  cost of audit (estimated at $6,000 to $10,000)

  • Due Date:  Due on receipt of invoice.
  • Payable only if Precision Tune finds, after an audit, that you have understated or underpaid any amount owed to it by 3% or more.

13.  Late Reporting Fees:  $100 per week until you submit the weekly sales report

  • Due Date:  Weekly sales reports are late if Precision Tune does not receive them by the due date.
  • Payable only if you do not submit your weekly sales reports by the due date.

14.  Late Payment Fees:  18% per year, or highest rate of interest allowed by applicable law; bank service charges; administrative fees

  • Due Date:  Weekly payments are late if Precision Tune does not receive them by the due date.
  • Payable only if you do not pay your fees by the due date.

15.  Attorneys’ Fees and Costs:  will vary under circumstances

  • Due Date:  As incurred.
  • Payable to Precision Tune if it is forced to retain independent counsel and seek damages or injunctive relief to enforce the Franchise Agreement (whether or not suit is filed) or if Precision Tune is required to defend your unsuccessful claim against it.
  • Includes legal fees incurred at the trial level and appellate levels.

16.  Indemnification:  will vary under circumstances

  • Due Date:  As incurred.
  • You must reimburse Precision Tune (and its area developer, if any) if it is held liable for claims arising from the operation of your franchised business.

17.  Site Evaluation:  first site evaluation free; for all others, reimbursement of Precision Tune’s expenses ($500 minimum)

  • Due Date:  On receipt of invoice.
  • Payable only if you request that Precision Tune evaluate more than 1 site for you.

18.  Securities Offering:  $5,000

  • Due Date:  On receipt of invoice.
  • Payable only if you engage in a public or private offering of securities.

19.  Future Lost Profits:  number of weeks remaining under the Franchise Agreement multiplied by the greater of: $300 or 7.5% of average Gross Sales for the preceding 26 weeks of reported gross sales

  • Due Date:  On termination.
  • Payable only if you terminate the Franchise Agreement wrongfully, or if Precision Tune terminates the Franchise Agreement due to your material, uncured breach(es) (subject to state law).
  • Future lost profits will be discounted by 20% to determine its present value.

20.  POS Hardware and Software:  depends upon vendor and products purchased

  • Due Date:  Depends upon vendor and products purchased.
  • Precision Tune has approved 2 different POS Software Systems.

💰How Much Franchise Can You Afford? Use Our Free Financial Calculator



🎯Find GOOD Franchises in Your Target Industries That Are STILL Available in Your Area (Free Tool)



Tagged as: Precision Tune Auto Care

Reader Interactions

Leave a Reply Cancel reply

Your email address will not be published. Required fields are marked *

Previous post: Franchise Costs: Detailed Estimates of Precision Tune Auto Care Franchise Costs (2017 FDD)

Next post: The 6 Best Carpet Cleaning Franchises of 2022 (Updated Rankings)

Primary Sidebar

https://youtu.be/-pkxCF6_QOs

🤷‍♀️Why Work with a Franchise Broker?

A good franchise broker can help you to find the right franchise. They provide:

✅ Recommendations based on their assessment of historical financial performance (Item 19, FDD) instead of just franchise marketing materials.

✅ Franchise matches based on your goals, strengths, and passions.

✅ Demographic analysis to find franchises that could work in your area.

✅ A portfolio of franchises to meet almost any budget, interest, or goals.

✅ Referrals to other specialists, like franchise lawyers.

✅ Information on financing sources.

✅ Coaching in the due diligence process, based on experience with dozens of candidates.

✅ Help presenting yourself in the best light, to increase your chances of success.

✅ No fees for their services: franchisors pay them a success fee if an agreement is signed.

To get started, fill out this form, and a specialist from the Franchise Brokers Association will reach out to you.

Login

Remember Me
Register | Lost your Password?
Reminder: Your username and password are case-sensitive.

Need help? Email franchisechatterblog@gmail.com

🎯Find GOOD Franchises in Your Target Industries That Are STILL Available in Your Area (Free Tool)

💰How Much Franchise Can You Afford? Use Our Free Financial Calculator

As seen in:  New York Times, Bloomberg Businessweek, and CNBC

🚀 Daily FDD Talk Posts

Pure Barre Franchise

Schlotzsky’s Franchise

Assisting Hands Home Care Franchise

Wireless Zone Franchise

All Dry Services Franchise

ZIPS Dry Cleaners Franchise

Domino’s Pizza Franchise

Property Management Inc. Franchise

Synergy HomeCare Franchise

Fastest Labs Franchise

Units Moving and Portable Storage Franchise

Checkers & Rally’s Franchise

ShelfGenie Franchise

Freddy’s Frozen Custard & Steakburgers Franchise

Mr. Electric Franchise

KFC Franchise

Real Property Management Franchise

Dunkin’ Franchise

RockBox Fitness Franchise

Jimmy John’s Franchise

Five Star Painting Franchise

Noodles & Company Franchise

Relax the Back Franchise

MOOYAH Franchise

Senior Helpers Franchise

Slim Chickens Franchise

Salons by JC Franchise

Teriyaki Madness Franchise

Storm Guard Roofing and Construction Franchise

Baskin-Robbins Franchise

Anytime Fitness Franchise

Blaze Pizza Franchise

Jiffy Lube Franchise

DQ Grill & Chill Franchise

College HUNKS Hauling Junk & Moving Franchise

🏆 Best Franchises by Industry

Best Franchises by Industry (All Lists)

Best Barbershop Franchises

Best Laundromat Franchises

Best Storage Unit Franchises

Best Car Wash Service Franchises

Best Gym and Fitness Franchises

Best Pizza Franchises

Best Sandwich Franchises

Best Childcare Franchises

Best Ice Cream Franchises

Best Coffee Franchises

Best Hamburger Franchises

Best Salon and Beauty Franchises

Best Chicken Franchises

Best Smoothie and Juice Franchises

Best Maid Service Franchises

Best Mexican Restaurant Franchises

Best Massage Service Franchises

Best Tutoring Franchises

Best Auto Repair Franchises

Best Auto Oil Change Franchises

Best Asian Restaurant Franchises

Best Pet Franchises

Best Commercial Cleaning Franchises

Best Sports Bar Franchises

Best Baked Goods Franchises

Best Moving/Junk Removal Franchises

Best Mailbox Franchises

Best Apparel Retail Franchises

Best Senior Care Franchises

Best Restoration Franchises

Best Tech Franchises

Best Travel Agency Franchises

Best Trampoline Park Franchises

Best Tools Distribution Franchises

Best Salon Suites Franchises

Best Property Management Franchises

Best Laboratory Services Franchises

Best Staffing/Recruiting Franchises

Best Real Estate Franchises

Most Profitable Franchises

Top Low Cost Franchises

Starting a Business During a Recession

Franchise Chatter uses affiliate links for Franchise Help and the Franchise Brokers Association.

Franchise Chatter © 2022