I’ve already expressed my argument for why in two posts: one on how critical it is to find the right life partner and how seriously we should take that quest, and another on why going to bars is a terrible life experience.
The first step in ending up with the right person is meeting the right person, and for something so important in our lives, we’ve had for doing it efficiently and intelligently.
You do your due-diligence only to find after the fact that the information is skewed to the top 75% of Maaco’s franchises. Do not consider investing in a new Maaco franchise unless you own the building free and clear.
As mentioned above you will contibute up to 20% of your gross to fees and totally inept in house advertising group.
For most it means they do not have enough to pay royalty fees.
The way disclosure is setup for Maaco’s offering circular they are then able to exclude the bottom 100 or so franchisees.
Now that the stigma has diminished, you know this industry is going to race ahead because there’s so much money to be made by whoever can be innovative.and read what others have to say about the MAACO franchise opportunity.The concept is dated and the franchisor Driven Brands / Maaco / Meineke has lost site of what the franchisors part of the deal is. If you walk away the equipment is usually bought at pennies on the dollar by other Maaco franchisees.Everyone I went to training with was out of business by the third year. By the time you figure out how bad a deal you’ve gotten yourself into with Maaco you have generally lost everything.Maaco buries its failure stats by not counting failed re-sales as failures.