FranchiseVerdict
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FV-00049·STRONGExcellent91

AAMCO

Automotive - Repair & ServiceFranchising since 1963Website
Investment
$235K – $353K
58th pct Repair & Serv…
Avg revenue
$937K
22nd pct Repair & Serv…
Royalty
7.5%
53rd pct Repair & Serv…
Units
560
88th pct Repair & Serv…
SBA default
0.0%
vs <3% typical

Bottom line

  • Total investment $235K – $353K including a $40K franchise fee, 7.5% ongoing royalty.
  • Average unit revenue of $937K/year (median $888K).
  • Rated STRONG with a risk score of 49/100. SBA loan default rate of 0.0% across 615 loans (below the industry average).
  • 23 litigation matters disclosed in Item 3 — higher than typical. Review the summary for patterns (franchisor-initiated vs. franchisee-initiated).

Item 1 · who you're contracting with

The Franchisor

Legal entity
AAMCO Transmissions, LLC
Parent company
Icahn Automotive Service Partners LLC
Incorporated in
Pennsylvania
HQ
410 Horsham Road, Suite 105, Horsham, Pennsylvania 19044
Auditor
RSM US LLP
Audited financials
Franchisor revenue
$32.3M
vs $36.4M prior year

Yale framework · single-unit ROIC

Returns Analysis

Pulls Item 7 (investment) and Item 19 (revenue) from this brand's FDD into the Yale unlevered-ROIC formula. Override any input to stress-test it against your own assumptions.

The model · Yale framework

What would one AAMCO unit return on the cash you put in?

Revenue · per unit, per year
$
FDD Item 19 reports $937,483
Franchisor take · royalty + ad fund
Royaltytyp 68%
%
Ad fundtyp 35%
%
Operating costs · category default: automotive
COGS
%
Labor
%
Rent / occupancy
%
Other operating
%
Total invested capital · what you actually put in
Initial investment
$
FDD Item 7: $235K–$353K
Working capital
$
FDD reports $40K–$60K

Unlevered ROIC · per unit

40%

In Yale's "attractive" band (30–60%)

0%30–60% Yale band80%

Store EBITDA · annual
$136K
EBITDA margin
14.5%
Total invested
$344K
Payback
30 mo
Unit-level only. A multi-unit portfolio gives up roughly 5–15% of this to shared services (corporate G&A) before reaching the ~10-unit break-even Yale describes.

Levered LBO scenario · Yale Crease Capital framing

What would 25 AAMCO units return on equity?

Edit assumptions

Equity IRR · 5-yr

49.9%

7.57× MOIC

Year-1 DSCR

1.88×

EBITDA ÷ debt service

Equity required

$1.4M

on $7.0M purchase

Total debt

$5.6M

SBA $3.5M + senior + seller note

Overview

About

AAMCO franchisees operate automotive transmission repair and service centers, diagnosing and repairing transmission systems, performing fluid services, and handling related drivetrain work. Day-to-day operations involve customer intake, mechanical diagnostics, parts replacement, quality testing, and warranty management while managing technician staff and shop inventory across a 15-year lease or ownership term.

CEO
Bruce Chidsey
Founded
1963
FDD year
2023
States available
47

Item 7 · what it costs

The Vitals

Total investment
$235K – $353K
All-in to open one unit
Liquid capital
$40K – $60K
Cash you must have on hand
Franchise fee
$40K
Royalty
7.5%
Gross Receipts · typical 6–8%
Ad fund
$150 per month
Total fee load
7.5%
vs 9–13% typical

Item 19

Financial Performance

Avg gross sales
$937K
Per unit, per year
Median gross sales
$888K
Item 19 type
Gross Sales
Sample size
536 units
vs category median 59 · large
Range (low → high)
$22K$3.3M
Cohort dispersion
Transparency
4 / 5
vs category median 4 / 5 · typical
Revenue rank22th
vs Automotive - Repair & Service peers
Investment cost rank58th
Lower investment ranks lower (better)
Royalty rate rank53th
Lower royalty = lower percentile (better)
Unit count rank88th
vs Automotive - Repair & Service peers
Risk score rank12th
Lower risk = lower percentile (better)

Item 20 · unit dynamics

The Growth Chart

Total units
560
Opened
9
Last reporting year
Closed
17
Turnover rate
3.0%
Company-owned
13
Corporate units in the system
% franchised
98%
vs corporate-owned
Net growth (yr3)
-1.4%
Net unit change last year
3-yr CAGR
-2.3%
Compounded over last 3 years
2021
547-8
Franchised units
2022
555
Franchised units
2023
560
Franchised units

Year-over-year franchised unit counts and net change. Source: FDD Item 20.

Item 20 · 9 states with active franchisees

The Territory Map

Derived from franchisee contact records. Shows states with at least one current operator — not where the franchisor is registered to sell new units (that data is re-extracting in a future refresh).

AK
ME
VT
NH
MA
RI
CT
NY
NJ
PA
DE
MD
DC
WA
OR
CA
NV
ID
MT
WY
UT
CO
AZ
NM
ND
SD
NE
KS
OK
TX
MN
IA
MO
AR
LA
WI
IL
MS
TN
MI
IN
KY
AL
OH
WV
GA
VA
NC
SC
FL
HI
Available · 9 states
Not registered

States derived from franchisee phone area codes (Item 20). Approximate — ported numbers may show the original state, not the franchisee's current location.

Government records

SBA Loan Data

Aggregated from SBA 7(a) loan disclosures, public data unique to FranchiseVerdict.

Total loans
615
Loan volume
Avg loan
Default rate
0.0%
vs <3% typical · system-wide
5-yr default

FranchiseVerdict rating + FDD Items 3, 5, 6, 12, 17

Risk & Legal

49
Risk · 0-100
STRONG49 / 100

AAMCO presents HIGH RISK due to a contracting franchise system, pervasive litigation involving consumer fraud and franchisee disputes, absent profitability disclosure, unprotected territory, and false going concern status—indicating franchisor instability and deteriorating unit economics.

Score breakdown · what drove the 49 / 100 rating

  1. 01MEDSystem contracting at -1.4% YoY with 560 units suggests market saturation or operational challenges in core transmission repair business
  2. 02HIGHSignificant litigation history including two pending consumer fraud allegations, concluded franchisee disputes over misrepresentation, and 10 franchisor enforcement actions in 2022-2023 indicate systemic relationship issues
  3. 03MINORNo Item 19 (average net income) disclosure despite $937K average revenue prevents ROI validation; 7.5% royalty on gross receipts with unknown profitability creates opaque financial picture
  4. 04HIGHGoing Concern status is FALSE, which is concerning for a 560-unit franchise and suggests potential franchisor financial instability or operational distress
  5. 05MINORNo protected territory with declining unit count increases cannibalization risk and competitive pressure on unit-level economics
  6. 06MEDHigh cumulative investment ($234.8K-$353.2K) relative to undisclosed net income creates unfavorable risk-reward asymmetry

Severity inferred from the FDD text · not a regulatory classification

FDD Items 5, 6, 12, 17 · continued from Risk & Legal

Contract & Territory Detail

Territory
Statistical Area
Protected territory
No
Initial term
15 years
Renewal term
15 years
Online sales rights
Restricted
Franchisor can compete
Yes
Hire a manager?
Allowed
Litigation count
23
Right of first refusal
Yes
Franchisor can buy back on resale
Mandatory arbitration
Yes
Jury trial waiver
Yes
Non-compete
2 yrs
Post-termination restriction
Owner-operator
Required
Governing law
Pennsylvania

Item 11

Training & Operations

Classroom training
145 hrs
On-the-job training
240 hrs
POS system
AAMCO POS
Operating tech stack

Item 20

Franchisee Contacts

Phone numbers extracted directly from this brand's FDD Item 20. After purchase, you'll also receive a list of validation questions tailored to this brand.

Franchisee contacts

100 numbers

Locked
(909) 628-••••
CA
(303) 431-••••
CO
(303) 287-••••
CO

One-time purchase · CSV download · Validation questions included

FDD download

AAMCO · FDD (2023) PDF

Single-page checkout · instant download · CSV export of contacts available separately above