TL;DR
CARSTAR, an automobile collision repair brand, has 446 locations across North America and requires franchisees to purchase a minimum of two locations. The brand offers ongoing training for certified technicians and has a total investment range of $23,500 to $165,300 to begin operation.
CARSTAR, the 446-plus-unit automobile collision repair brand, started as a single store in Missouri over 35 years ago. Now, the brand has locations across the U.S. and Canada. The brand requires franchisees to purchase a minimum of two locations.
CARSTAR opened its first store in 1989 in Liberty, Missouri. Five years later, the brand expanded into Canada. In 1997, CARSTAR signed its first insurance partner agreement. In 2018, CARSTAR celebrated reaching 600 locations across North America. As of today, and with a decrease in locations, CARSTAR currently operates under the DrivenBrands umbrella with 446 CARSTAR locations across North America.
CARSTAR is an automobile collision repair brand. It services vehicles of any make or model, and offers ongoing training for its certified technicians to remain up to date on the latest technology and industry trends.
The services offered by CARSTAR include auto-collision repair, paintless dent repair, hail damage repair, fleet service and 24/7 accident assistance via a toll-free number. It also offers customers a national warranty and rental car assistance.
Based on the information given in the brand’s 2023 Franchise Disclosure Document (FDD), the median gross sales in 2022 for the bottom-performing 50% of locations was $1,544,199. The median gross sales for the top performing 50% of locations was $3,395,770.
The total investment necessary to begin operation of a CARSTAR franchise ranges from $23,500 to $165,300. This includes a $10K franchise fee, as well as a $10K integration fee required of franchise owners who are purchasing their first location with the brand.
The initial franchise fee is $10K. This fee must be paid to the franchisor. Additionally, first-time franchise owners with the brand must also pay an additional $10K integration fee.
*Disclaimer: This content is for informational purposes only. You should not construe any such information or other material as legal, tax, investment, financial, or other advice. Nothing contained on this site constitutes a solicitation, recommendation, endorsement, or offer to buy or sell any franchises, securities, or other financial instruments in this or in any other jurisdiction in which such solicitation or offer would be unlawful under the franchise and/or securities laws of such jurisdiction.
All content in this article is information of a general nature and does not address the detailed circumstances of any particular individual or entity. Nothing in the article constitutes professional and/or financial advice, nor does any information in the email constitute a comprehensive or complete statement of the matters discussed or the law relating thereto. You alone assume the sole responsibility of evaluating the merits and risks associated with the use of any information or other content in this article before making any decisions based on such information or other content.
In this story
This story was originally published in 1851 Franchise on January 7, 2024. Burnaze summarizes and links to the original reporting.
Read the full story at 1851 FranchiseLiked this? Get the week's franchise news, explained
- Sunday 8 AM ET weekly + a monthly deep dive
- Sections picked for the industries you follow
- Every claim linked to its source. Free.
