Mighty Auto Parts

January 18, 2018

Mighty Auto Parts was founded in 1963 as a network of regional and local suppliers to the industry of automotive service. They offered a direct-sourcing model from the beginning for preventive maintenance, shop supplies, common-use auto parts, chemicals, vehicles oil, and lubricants. In 1993, they have been added by automotive-related service companies to diversify and complement their operations using Mighty’s model of business. Kenneth Voelker is the CEO of Mighty Auto Parts.

Established in: 1963

Parent Organization: Grupo Gonher

Franchising from: 48 Years from 1970

Company Address: 650 Engineering Dr. Norcross, GA 30092

Investment:

Their Minimum Investment was: $144,100

Their Maximum Investment was: $372,400

Units:

1^st Year: -1 Unit (-0.9%)

After 3 Years: -8 Units (-7.0%)

Locations of Units:

	U.S. Franchises	Franchises Outside US	Company Owned
2016	100	2	5
2017	100	2	4

They are seeking new units of the franchise throughout the U.S. and in the states/regions of Australia/New Zealand, Mexico, Central America, South America, Canada and Western Europe, Philippines

Financing Options:

To cover startups costs, franchise fee, payroll, equipment costs, accounts receivable and inventory costs Mighty Auto Parts maintains third party sources relationships which offer finance.