Total Car
Date of Incorporation: September 17, 1991
Franchising Since: November 1991
Address: South Carolina
Description: Total Car offers franchises for on-site, mobile or fixed-site vehicle restoration, including vehicle exterior paint repair and refinishing, paintless dent removal, and interior repair.
Franchise Offer: Total Car offers two types of franchises;
i) Core Services: Establish and operate a business that provides on-site, mobile or fixed-site vehicle restoration, including vehicle exterior paint repair and refinishing, paintless dent removal, and interior repair under Total Car's Marks.
ii) Authorized Services: Franchised businesses may also perform other authorized restoration and improvement services under TCFC's Marks, such as other product restoration for planes, coffins, boats and restaurant upholstery and glass repair.
Financial Assistance: Total Car may assist in the procurement of third-party financing, but is not obligated to do so. Total Car does not guaranty any note, lease or other obligation. The U.S. Small Business Administration has approved Total Car's application to be listed on the Franchise Registry as of July 3, 2006. This listing ensures expedited loan processing for franchisees and prospective franchisees obtaining Small Business Administration financing.
Training and Assistance: Training comprises of 190 hours of classroom training and is held at the offices in Conway, South Carolina. The franchisee must attend and successfully complete the training program.
Territory: The franchisee is granted a non-exclusive right to operate a franchise within a defined territory. A Territory is typically delineated by the boundaries of a Standard Metropolitan Statistical Area or specific county which includes a specified population.
Term of Agreement and Renewal: The term of the franchise agreement is 10 years. Renewal or extension of the term is for one additional 5 year term, if the franchisee has complied with the Operator Franchise Agreement and meets other conditions.
Obligations and Restrictions: The franchisee must personally operate and supervise the franchised business, and devote full time and best efforts to operating and supervising such operations, unless franchisee has a fully trained full-time employee designated for that purpose who has been approved and authorized by Total Car.
Total Number of Units: 181 operator franchised units at the end of the year 2006.
Investment Table:
Initial Investment:
| Name of Fee | Low | High |
|---|---|---|
| Initial Franchise Fee | $2,500 | $2,500 |
| White Panel Cargo Van or Truck | $16,000 | $24,000 |
| Laptop Computer & printer | $800 | $2,000 |
| QuickBooks Program | $227 | $227 |
| Training Fee | $5,000 | $5,000 |
| Equipment Set-Up Fee | $8,227 | $8,227 |
| Insurance | $2,100 | $4,000 |
| Travel and living expenses while training | $2,000 | $3,000 |
| Miscellaneous opening costs | $750 | $1,500 |
| Additional funds - 3 to 6 months | $7,500 | $15,000 |
| Total | $45,104 | $65,454 |
Ongoing Costs:
| Name of Fee | Amount |
|---|---|
| Royalty Fee | 30% of All Gross Revenues |
| Additional Core | Costs and expenses |
| Services Training Fee | Costs and expenses for training |
| Meetings | Costs and expenses |
| Administrative Transfer Fee | $1,000 |
| Transferee Training Fee | $2,500, payable if the transferee has not previously successfully completed training program for each Service to be offered |
| Audit Fee | Actual costs and expenses of audit or review, including salary or fees paid to employees or accountants |
| Renewal Fee | Difference between then-current Initial Operator Franchise Fee at the time of renewal and the Initial Operator Franchise Fee that has been paid when the franchisee signed the Franchise Agreement (but in no event less then zero) |
| Late Fee and Interest | Operator Franchisee: $100 plus interest at the rate of 18% per annum or the maximum interest rate allowed by law (whichever is less) from due date to date of payment. |
| Liquidated Damages | The greater of $7,200 or a sum equal to the 30% Royalty payable for the 12 months prior to termination |
| Indemnification | Actual amount of fines, losses, damages, costs and expenses (including attorneys' fees) incurred by us |
| Failure to return the Manuals at the end of Franchise | $2,500 |
The above information has been taken from the UFOC/FDD of Total Car Franchising Corporation.
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