MAACO Pledges Franchise Buy Back Promise for International Franchisees

Franchise International posted on its website that North American collision repair and auto painting center franchise, Maaco, has announced a buy back program to minimize risks to franchisees. The program is available to new franchisees and it pledges that Maaco will buy back a franchisee's business, at the franchisee's choice, if they do not achieve a reasonable sales level 15 months after the grand opening.

Mark Martino, Maaco's Chairman and CEO, commented: "This is an unparalleled career opportunity with no 'catch'. The details are completely spelled out in our Franchise Disclosure Document so the prospective franchisee will know exactly what the terms and conditions are before committing to buying a franchise. This initiative is our way of showing potential franchise owners our strong confidence in our brand and our operating system. Ours is a business with a recession-proof history and we are committed to building our business and helping our franchisees in every way we can."

The devil is always in the details, I wonder what price MAACO will pay? Is it a money back guarantee? I doubt it. A money back franchise guarantee, sounds too good to me.