Warranty Fund Security Deposit
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At signing of Franchise Agreement

Mr. Transmission / Milex

Table of Content
1. Franchise Snapshot
2. Franchise Overview
3. Performance and Metrics
4. Our Take
5. Additional Resources

1. Franchise Snapshot

Franchise Status
Active
Basic Information
Industry
Automotive & Boat
Category
Repair & Maintenance
Investment Range
$248,600 - $323,100
Total US Locations
111
Franchise Units
106
Founding Year
1990
Started Offering Franchises
1997
Management Capacity
Owner Operator
Job Count
8
Prior E2 Investors?
Yes
Prior Visa Franchise Clients?
Yes
Royalty Fee
8%
Marketing Fee
N/A
Franchise Fee
$40,000
Headquarters (City, State)
Midlothian, IL
Square Footage
4000 - 20000
Retail Location?
Yes
Agreement Term Length
15 years
Video

In these videos you will learn about the company firsthand. And they will also tell you in a short form about the financing of the enterprise.

*Information presented in these videos may change over time and may not reflect the most current franchise offering. Prospective franchisees should review the latest Franchise Disclosure Document (FDD) and consult directly with the franchisor for updated information.

2. Franchise Overview

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Overview

Mr. Transmission is known for their professionalism and quality work that is backed by their nationwide warranty. They offer a free performance check of the vehicle, offer customers the best services needed to keep the transmission in road ready condition. The transmission maintenance services can help provide smoother shifting, improved performance, component failure reduction, and increased vehicle longevity. They offer the complete package when it comes to transmission maintenance.

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Management team / founders

Mr. Transmission and Milex are part of Moran Family of Brands. In 2010, Barb Moran, bought the business from her parents. Growing up in the business, Barb knows the value of building positive relationships and supporting her franchisees. This is demonstrated by her commitment to Moran franchisees in providing more tools, more technology, more system enhancements, and more vendor programs than ever before. In 2012, Moran Industries became Moran Family of Brands to better reflect the multiple brands and services that the company offers and the commitment to building a family environment for franchisees. They believe that in order for them to be successful, franchisees must be successful. One way that they believe this can be accomplished is by promoting open communication among all. As a team, they are able to accomplish more with a common goal of success. By working together, they create a strong and growing franchise system.

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Focus of owner for daily business operations

As an operator, the main facets of the business entail: 1. Operation of the business, including good customer service; 2. Hiring trained personnel; 3.Designing then executing a local marketing plan; 4. Review of financials and sales

3. Performance & Metrics

Franchisor Fees | Item 6
Franchise Value
Industry Median
All Franchises Median
Royalty Fee
8%
6%
6%
Marketing Fee
N/A
2%
2%
Franchise Fee
$40,000
Total Investment Cost | Item 7
Type of Expenditure
Low Amount
High Amount
When due
Franchise Fee
$40,000
At signing of Franchise Agreement
Computer Software and Hardware System
$4,600
$5,700
Prior to opening
VOIP Telephone Equipment Package
$900
Prior to opening
Initial Parts and Inventory
$3,800
$4,500
Prior to opening
Furniture and Fixtures
$5,500
$6,000
Prior to opening
Equipment
$65,000
$79,000
Prior to opening
Shop Tools and Supplies
$3,000
$4,000
Prior to opening
Signs
$8,000
$17,200
Prior to opening
Initial Marketing Campaigns
$30,000
Prior to opening
Displays and Marketing Materials
$4,800
Prior to opening
Warranty Fund Security Deposit
$5,000
At signing of Franchise Agreement
Leasehold Improvements/Miscellaneous
$20,000
$40,000
Prior to opening
Rental/Utility Deposits
$12,000
$18,000
Prior to opening
Training Fee
$5,000
At signing of Franchise Agreement
Training Expenses
$1,500
$2,500
Prior to opening
Mandatory Outside Sales Development Program
$3,000
30 days prior to training
Additional Funds (6 months)
$36,500
$57,500
Prior to and after opening
Total Estimated Initial Investment
$248,600
$323,100
Outlets and Franchisee Information | Item 20
Outlet type
Year
Outlets at the start of the year
Outlets at the end of the year
Net change
N/A
2021
119
116
-3
Franchised
2022
116
111
-5
N/A
2023
111
107
-4
N/A
2021
2
2
0
Company-Owned
2022
2
2
0
N/A
2023
2
3
+1
N/A
2021
121
118
-3
Total Outlets
2022
118
113
-5
N/A
2023
113
110
-3
Net Unit Growth (Recent year)
Net Unit Growth (Recent 3 years)
Franchise Health Metrics
Growth Rate
1 year / 3 years
Failure Rate
1 year / 3 years
Franchise for Sale Rate
1 year / 3 years
Mr. Transmission / Milex
Industry median
Franchise Health Metrics
Franchise Historical Loan Metrics
10 Year Cumulative Charge Offs by $ of Loans
10 Year Cumulative Defaults
3 Year Predicted Default Rate
*Please note the information provided here is sourced from Lumos. We do not guarantee its accuracy or completeness. For verification, please refer to Lumos directly.
Item 19 – Financial Performance Representations
Historical financial performance representations
Franchise Financials
Franchisor company financial information, if disclosed by the franchisor.
Litigation & Bankruptcies
% of Franchisees Undergoing Litigation
0.90%
% of Franchisees with Completed Litigation
0.90%
Number of Bankruptcies Disclosed
0
*The litigation information displayed has been reviewed by our Product Development team. Franchises featured on this platform have been thoroughly assessed. However, Visa Franchise strongly recommends consulting with your own legal counsel for further guidance.

4. Our Take

The opportunity boasts strong management support as well as a simple operational model. The investment is relatively low in a stable and robust industry, and its national recognition means there is scalability in many locations.