Lee Myles Transmissions Franchise

Transmission repair services

Lee Myles was a musician and automobile technician in the 1930s and '40s when he heard about problems with the 'new' automatic transmissions. He opened his first Lee Myles Transmissions center in 1947 and began franchising in 1964. The company now has more than 85 locations throughout the United States.

Please Note: The operators of Lee Myles Transmissions, may not have verified the accuracy of the franchise information contained within this website. For accurate up-to-date information, customers are strongly recommended to visit the official Lee Myles Transmissions website.

Start-up Costs & Franchise Fees

How much does it cost to open a Lee Myles Transmissions franchise?

Total Investment: $137,400-$182,800
Initial Franchise Fee: $27,500
Royalty Fee: 7%
Advertising Fee:
Term of Agreement: 15 years
Renewal Fee: 15% of current franchise fee

How to contact Lee Myles Transmissions

Lee Myles Transmissions News

Politicians Alarmed By Rising Gas Prices
Members of the House and Senate are getting an ear full from their constituents about rising gasoline prices and, in response, they are lashing out at big oil companies. Nationally, the average price for a gallon of regular gas is $2.90, a 15.5% hike over the past month, according to the AAA'... more

New Fuel Economy Rules On The Way
The Bush administration plans to announce final fuel economy regulations that will require vehicles average 24 miles per gallon by 2011. The administration is also considering including large SUVs and passenger vans in fuel economy rules for the first time. The rules would include three big money... more

View all Lee Myles Transmissions Press Releases

Franchise History

When did the first Lee Myles Transmissions open? 1947
When did Lee Myles Transmissions start franchising? 1964

Year	U.S.A.	Canada	International	Corporate
2005	104	0	0	0
2004	107	0	0	0
2003	91	0	0	0
2002	90	0	0	0
2001	86	0	0	0

Expansion Plans

United States: Alabama, Arkansas, Arizona, California, Colorado, Connecticut, Delaware, Florida, Georgia, Iowa, Idaho, Illinois, Indiana, Kansas, Kentucky, Louisiana, Massachusetts, Maryland, Maine, Michigan, Minnesota, Missouri, Mississippi, Montana, Nebraska, North Carolina, North Dakota, New Hampshire, New Jersey, New Mexico, Nevada, New York, Ohio, Oklahoma, Oregon, Pennsylvania, Rhode Island, South Carolina, South Dakota, Tennessee, Texas, Utah, Virginia, Vermont, Washington, Wisconsin, West Virginia, Wyoming,

Financing Options

Expense	In-House	Third Party
Franchise Fee	No	Yes
Startup Costs	No	Yes
Equipment	No	Yes
Inventory	No	Yes
Accounts Receivable	No	No
Payroll	No	No

Third Party Financing Source(s): the SBA

Training & Support

Support
Newsletter, Meetings, Toll-free phone line, Grand opening, Internet, Security/safety procedures, Field operations/evaluations

Marketing
Co-op advertising, Ad slicks, National media, Regional advertising

Business Operations

10% of all franchisees own more than one unit

Number of employees needed to run franchised unit: 4

Absentee ownership of franchise is NOT allowed. (100% of current franchisees are owner/operators)

Qualifications & Business Experience

Business Experience:

Industry experience

General business experience

Marketing skills

• Automotive Oil Change & Transmission Franchise Opportunities
• Franchises $100K to $250K

Listing Tags

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