Maaco

Overview

Maaco, a part of Driven Brands, is a leading automotive franchise specializing in auto painting and collision repair. The brand is well-known for its efficient, high- quality, and cost-effective services. Maaco's business model focuses on providing affordable auto painting and body repair services, making it a popular choice among consumers seeking value and quality.

History

Founded in 1972 by Anthony A. Martino, Maaco has grown significantly over the decades. The first center was opened in Wilmington, Delaware, and the brand has since expanded to become a dominant force in the automotive franchise industry with over 500 locations across North America. In 2008, Maaco became a part of Driven Brands, further bolstering its market presence and operational capabilities.

Investment Breakdown

Investing in a Maaco franchise involves a total initial investment ranging from $311,000 to $562,000. This includes the franchise fee, equipment, initial inventory, and working capital. The franchise fee itself is approximately $40,000. Maaco also provides financing options through third-party sources to help cover the franchise fee, startup costs, equipment, inventory, and accounts receivable.

Industry Snapshot

The automotive repair and maintenance industry is a robust and essential sector, with steady demand driven by the need for vehicle upkeep and repair. The industry is expected to grow as the number of vehicles on the road increases, and as older vehicles require more maintenance. Maaco, with its strong brandrecognition and established business model, is well-positioned to capitalize on this growth.