Tuesday, October 3, 2023
HomeAutomobile Franchise How to Start GoMechanic Franchise - Cost, Fee, & Profit

[*Free BONUS Tips*] How to Start GoMechanic Franchise – Cost, Fee, & Profit

Are you looking for a Car Service franchise? Then, we have brought an exceptional franchise business for you. Grab the golden opportunity by becoming a GoMechanic franchisee and start your entrepreneurial journey.

In this article, we’ll dive deep into the GoMechanic business with capital requirements, fee, profit, and step-by-step guidelines to get this franchise – and answer some common questions about the chain.

GoMechanic Franchise opportunity
  • Franchise/Deposit Fee: Rs. 2 lacs – Rs. 5 lacs
  • Floor area: Min. 500 sq. ft.
  • Partner program: Car workshop/Spare retail
  • Net Worth: Rs. 50 lacs
  • Available Liquidity: Rs. 20 lacs
  • Total Initial Investment: Rs. 20 lacs – 35 lacs

Overview of GoMechanic Franchise

GoMechanic Franchise cost

Founded in 2016 by four friends – Nitin Rana, Amit Bhasin, Rishabh and Kushal Karwa, GoMechanic is India’s multi-brand car servicing chain, committed to making the car servicing experience hassle-free & easy for everyone.

With its sheer technology expertise and solutions, GoMechanic have disrupted the unorganized Auto-servicing industry and making the solutions more systematic , reliable and cost -effective.

Currently, GoMechanic boasts more than 500 partners on-board that delivers over 10000 services per month. So, are you ready to be a part of fastest-growing car servicing chain?

Please continue reading if you are passionate about the Car servicing franchises & this little snippet about the GoMechanic chain excites you.

We will offer comprehensive and well-researched information regarding the GoMechanic chain, along with its price, fees, profit margin, and—most importantly—the reason “Why you need it.

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GoMechanic – The Journey

The journey started with their humble beginnings as a car servicing aggregator company working primarily with B2B firms in 2016, to being the technology and auto-motive pioneers today is certainly aspiring for all entrepreneurs.

GoMechanic have grown into a over 600 strong family across India in Delhi NCR, Mumbai, Pune, Hyderabad, Bangalore, Chennai, Jaipur, Kalyan, Chandigarh, Ahmedabad and have recently launched their operations in Nigeria.

Key facts on GoMechanic

Sr No.TypePrivate
1Trade NameGoMechanic
2IndustryCar Servicing
3Founded2016
4Founders Or Parent CompanyNitin Rana, Amit Bhasin,
Rishabh and Kushal Karwa
5Corporate HeadquartersGurugram, Haryana
6Number of locationsOver 600 locations
7Area servedPan India
8ModelPartner program -FOFO
Car Workshop/ Spare Retail outlet
9Services offeringAffordable & Quality Car Servicing
10RevenueRs. 91 Cr(Operating Income in FY22)
11Websitehttps://gomechanic.in/

Why to Choose GoMechanic franchise? | GoMechanic USP

Why to Choose a GoMechanic?

If you are reading this article then it certainly means that You are one of the Passionate entrepreneurs looking for grabbing a franchise opportunity in Car Servicing industry.

But wait!!

Do you know, why to start a GoMechanic franchise? There can be multiple reasons to own but don’t miss out reading our BONUS TIPS mentioned below at the end of this article;

  1. Pan India Presence:
    • GoMechanic has presence of its outlets across multiple cities and rapidly expanding its centers across other countries as well.
  2. Trusted Car Care Partner:
    • The chain has maintained and renowned themselves as one of the ‘Trusted Car Care partner’ offering several advantages like 40% Savings, 100% Genuine OEM/OES Spare parts, 100% Warranty and Free Pick-up and Drop on your car service.
  3. Affordable prices and reliable servicing:
    • GoMechanic offers the best car services and solutions at affordable and flexible prices. One may end up saving up to 40% compared to what is charged at Authorized Service Centres and Multi-brand workshops.
  4. All-round Support:
    • It provides an extensive marketing and technical support system for all its partners and every partners can leverage their loyal customer base and churn an hefty profit margins.
  5. Quality over quantity:
    • The franchise focus extensively on offering quality and affordable car servicing for their clients, and it has certainly helped the chain to acquire a significant market share in this industry.

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How much does a GoMechanic Franchise Cost?

GoMechanic franchise fee

The franchise fee or Total Initial setup cost for GoMechanic will depend on proposed geographical locations. Nonetheless, To start a Go Mechanic franchise, one would at least require an initial investment of Rs. 20 lacs – 35 lacs and a dedicated floor area of over 500 square feet to set up a brick-and-mortar retail space.

FYI, the above mentioned initial investment for GoMechanic does cover the expenses or fee such as Franchise Fee, Marketing Fee, Equipment, and other necessary fee.

GoMechanic Franchise Fee

The franchise/brand fee for the GoMechanic Partner program starts at Rs. 3 lacs – Rs. 5 lacs. Furthermore, to qualify financially, franchise candidates and their partners/investors should have minimum net worth of Rs. Rs. 50 lacs with available liquidity of Rs. 20 lacs.

Type of FeesCost and Its description
Initial Franchise FeeRs. 2 lacs – Rs. 5 lacs
Floor areaMin. 500 sq. ft
Royalty FeeUnknown
Ad royalty FeeUnknown
Est. cost to setup studioRs. 5 lacs – Rs. 10 lacs
Initial InventoryRs. 3 lacs
Additional FundsRs. 1 lacs
Net WorthRs. 20 Lacs
Available LiquidityRs. 20 lacs
Total Initial InvestmentRs. 20 lacs – Rs. 35 lacs

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Is GoMechanic Franchise Profitable?

GoMechanic Franchise Profit

It can be really overwhelming to become a car servicing franchise owner. Since the vehicle servicing and repairing industry is fragmented and unorganized, it is dominated by players with little or no organizational structure, and certain areas in this industry are yet to be explored, and GoMechanic will definitely lead the way.

Nevertheless, considering the demand opportunities, tech-led growth, experienced founders, affordable pricing, and reliable servicing aids an extra advantage for the GoMechanic franchise owner, ultimately enabling the interested prospect to anticipate a gross profit margin of 30-35% and a net profit margin of 8-12%.


Requirements to Become a GoMechanic Partner

  • Interested applicants are advised to dedicate themselves into the GoMechanic business and follow the company standards and maintain their legacy.
  • Interested candidates must meet the financial requirements of the franchise i.e. minimum net worth of Rs. 50 lacs & available liquidity of Rs. 20 lacs.
  • One should be ready to invest at least Rs. 20 lacs – 35 lacs to become a GoMechanic partner.
  • Interested franchisees should have passion to work in the Automobile/ Car Servicing industry and should possess the leadership and financial skills.
  • Applicants can either choose to become a Car servicing partner or GoMechanic Spare parts partners.

Documents required to own a GoMechanic Franchise

  • Personal Documents – Aadhar and Pan Card
  • Passport Size photographs
  • Outlet rental agreement- if rented
  • Bank Passbook
  • PD cheques – If necessary
  • GST License
  • ITR doc

How to Get GoMechanic Franchise?

Interested prospects can take up this franchise and start their entrepreneurial journey by either owning a Car Workshop franchise or Genuine spare parts retailers. We would advise applicants to choose their path based on their interest and expertise.

Nevertheless, to become a GoMechanic partner, please visit the official website and navigate to the partners page and fill in the required information.

You need to fill in your correct personal details like Name, Mobile Number, City, Email, and Business.

Once you submit the form, the GoMechanic team will contact you for further application processing and it may takes a few days or weeks for them to respond to your queries.

Or, if necessary, you may also contact them on below mentioned details;

GoMechanic Partners Email ID: Partners@gomechanic.in

GoMechanic Partners Phone Number: 8398970970

Final Takeaway

Started in 2016 by Four friends, GoMechanic is one of India’s fastest-growing car service networks, committed to making car servicing experience hassle-free & easy for everyone. Currently, It boasts more than 500 partners on-board -Pan India.

However, considering the demand opportunities, tech-led growth, experienced founders, affordable pricing, and reliable servicing aids an extra advantage for the GoMechanic franchise owner.

With an Initial investment of Rs. 20 lacs – 35 lacs and a franchise fee of Rs. 2 Lacs – 5 lacs, GoMechanic chain may offers an outstanding profit margin to its stake holders and one may anticipate a net profit margin of 8-12%.

The Bottom line – In case you are interested in the Car Workshop or Spares Retail industry and want to take advantage of the opportunity, then GoMechanic Partners programs is for you. With its sheer legacy, expertise, and robust supply chain, one may experience a stable and steady growth for their entrepreneurial journey.

So, what are you waiting for? Go and start your entrepreneurial journey with GoMechanic!!

But ya, wait!! Take a few more minutes to read our *BONUS TIPS*

***BONUS TIPS****

Well, we have discussed a lot about the GoMechanic, its background, Franchise Fee, Requirements, and profit margin. Nonetheless, we would try to pick a few more aspects of the inside details of GoMechanic, which we have collected through multiple and extensive research.

  • According to GoMechanic Financial report FY22, There is a sharp surge in the operating revenue from Rs. 34 Cr in FY21 to Rs. 91 Cr in FY22, which is exceptional, but its losses have zoomed 4X in one year. Some startups may face losses in their early stages, but it is nothing to worry about for 1 or 2 years.
  • These losses were generally contributed by Ad or promotional expenses.
  • However, these numbers are provided to understand more about the current business conditions, and we certainly believe that their expertise and affordable & reliable car servicing experience will allow them to become a positive growth vehicle workshop brand in the upcoming years.
  • Last but not least, we would strictly advise you to check with GoMechanic team for future growth prospects and profitability in owning a franchise. Never miss to do proper market research, company & site analysis, and plan your future goal accordingly.
  • As per recent news, GoMechanic founders have forged the number to gain the company’s valuation, which makes it seriously suspicious. So, We would certainly advise you NOT TO TAKE UP this franchise currently.

Good Luck!! Happy Franchising!!

FAQ

  1. How much does a GoMechanic franchise cost?

    Ans: To become an approved GoMechanic Partner, one would at least require an initial investment of Rs. 20 lacs – 35 lacs. There are some other cost involved and a few of them are list below;

    Franchise/Deposit Fee: Rs. 2 lacs – Rs. 5 lacs
    Floor area: Min. 500 sq. ft.
    Net Worth: Rs. 50 lacs
    Available Liquidity: Rs. 20 lacs
    Total Initial Investment: Rs. 20 lacs – 35 lacs
    So, the GoMechanic franchise cost in India would be anywhere between Rs. 20lacs to Rs. 35 lacs.

  2. How much does a GoMechanic franchise make?

    Ans: The profitability of GoMechanic may depend on outlets geographical locations and average consumers footfall.

    Nevertheless, considering the demand opportunities, tech-led growth, experienced founders, affordable pricing, and reliable servicing, one may anticipate a profit margin of 8-12%.

  3. What are the brands that GoMechanic Caters?

    Ans: GoMechanic offers its services to a range of renowned brand and have garnered attention from its key competitors. At present, GoMechanic offers services for brands like BMW, Mercedes, Audi, Volvo, Maruti, Honda, Toyota, TATA, and list goes on.

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