MySyara - Auto Repair and Service Franchise Opportunity
9.1 / 10 · Established in 2019, 2 Franchisees currently, Headquartered in Dubai
All Formats
| Format | Investment including Brand Fee | Brand Fee | Space | Staff | Exp. Monthly Sales | Profit Margin | Royalty |
|---|---|---|---|---|---|---|---|
| MySyara Service Center - FICO Model | USD 163 - 196 thousand | USD 0 | 3,000 - 5,000 Sq Ft | 8 | USD 80 thousand | 15% | The investor can expect a 40% share of the net profit after tax. The investor will get quarterly payouts. |
| Format Name | MySyara Service Center - FICO Model |
|---|---|
| Investment | USD 163 - 196 thousand |
| Brand Fee | USD 0 |
| Space | 3,000 - 5,000 Sq Ft |
| Staff | 8 |
| Expected Monthly Sales | USD 80 thousand |
| Profit Margin | 15% |
| Royalty / Commission | The investor can expect a 40% share of the net profit after tax. The investor will get quarterly payouts. |
Documents
About MySyara
We are the UAE's leading online automotive technology application that helps car owners with their car maintenance and repair needs. With over 100,000 registered users, our business has been operating for over 4 years and growing at over 400%.
Last year, we launched our flagship cloud garage in Al-Quoz, and it's been profitable from the first month of operations.
Our traffic is generated online, and we have data on where our users are based, the different user profiles and the cars that they own. This data also gives us unique insights on where to open more cloud garages across the UAE to drive maximum value and profits.
For our franchise partners, this is an opportunity, to partner with us in a store in the UAE and make returns exceeding 30% per year.
Products and Services
Minor service, major service, repair and maintenance, pre-purchase inspection, doorstep car wash, and car insurance.
Preferred Locations
Dubai, Abu Dhabi, Sharjah, Ajman.How to get MySyara Franchise?
Connect with us on SMERGERS and we will guide you through the process.
What are some of the things we look for in a Franchisee?
- Invest in store level.
- Put up the investment amount of AED 600,000.
Support you can expect from the company
- We handle the complete management of the franchise outlet.
- This includes generating sales, logistics, other operations, and marketing.
- We establish each outlet as a separate legal entity where the franchisee will get a 40% share and we hold a 60% share in the entity.
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Earlier than 15 daysProprietor, Poultry, Dubai, Individual Investor / Buyer connected with the Business
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Earlier than 15 daysEngineer, Advertising Services, Chennai, Individual Investor / Buyer connected with the Business
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Earlier than 15 daysManager, Advertising, Ras Al-Khaimah, Individual Investor / Buyer connected with the Business
Profile Stats
- 500+ Page Views
- 100+ Investor Views
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295 Investors viewed this Franchise.
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Frequently
Asked
Questions
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When was MySyara established?MySyara was established in 2019 in Dubai and is reported to have 2 Franchisees currently
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What is the investment required to take up MySyara Franchisee?Investment required ranges from AED 600 thousand - 720 thousand depending on the format offered.
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What is the space requirement for taking up MySyara Franchisee?Space required ranges from 3000 - 5000 sq ft depending on the format.
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What Franchisee formats does MySyara offer?MySyara offers 1 format, i.e MySyara Service Center - FICO Model.
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How to get MySyara Franchisee?Connect with us on SMERGERS and we will guide you through the process.