Mr. Transmission

Overview

Milex Complete Auto Care and Mr. Transmission are brands under the Moran Family of Brands, offering comprehensive automotive repair services. Milex focuses on general auto repair, while Mr. Transmission specializes in transmission repair and related services. Together, they provide a robust business model that caters to a wide range of automotive needs, making the franchise appealing to entrepreneurs interested in the automotive industry.

History

Milex and Mr. Transmission have long histories in the automotive service sector. Mr. Transmission, founded in 1956, has built a reputation for excellence in transmission repair. Milex, which began as a standalone auto care center, later merged under the Moran Family of Brands umbrella. This merger allowed franchisees to offer both general auto care and specialized transmission services, thereby increasing their market potential and customer reach.

Investment Breakdown

Investing in a Milex / Mr. Transmission franchise requires an initial investment ranging from $248,600 to $353,100. This includes the franchise fee, equipment, inventory, and working capital. The franchise fee itself is typically around $50,000. Additionally, franchisees are expected to pay ongoing royalties and contribute to a marketing fund, which supports national and local advertising efforts.

Industry Snapshot

The automotive repair industry is a stable and essential part of the economy. As vehicles become more complex, the demand for specialized repair services like those offered by Mr. Transmission has grown. The industry benefits from a consistent customer base, driven by the need for regular maintenance and unexpected repairs. With the average vehicle age on the rise, there is a growing need for reliable auto repair services, making this sector an attractive investment.