10 Tips For Running An Auto Repair Shop Franchise
Once you get your auto repair shop franchise established, you can reasonably expect to make over $800,000 a year in gross sales if you run an auto repair shop franchise with at least six bays. That is, if you run an auto repair shop franchise well. But that is not a given. Here are ten tips for running an auto repair shop franchise.
1. Location, Location, Location
Location is obviously crucially important for any business. You must make sure that you’re in a place that is easily found and accessed by motorists. Your franchisor can suggest some areas they think will work in your area. Sometimes franchisors already have locations you can take over with your auto repair shop franchise.
2. Pick A Franchisor Who Offers Comprehensive Training And Support
The whole point of buying an auto repair shop franchise is so that you don’t have to go it alone. You want your franchisor to teach you what you need to know and be there for you to troubleshoot problems as they arise.
3. Pick A Franchisor With A History Of Success
Brand names are incredibly important in business, especially the auto repair business. People want to know that they can trust you with their automobiles. That’s why brand recognition is important. But just beyond brand recognition, a business that has been around for decades and has thrived is a business that knows what they’re doing. And that’s a business from whom you want to buy an auto repair shop.
4. Make Sure You Get A Protected Territory
A protected territory means that your franchisor won’t allow another auto repair shop franchise to open in your territory.
5. Carefully Plan Out Your Finances
As with all businesses, your finances are key. You need to know how much it will cost to run your auto repair shop franchise. If you need to take out a business loan, as many auto repair shop franchisees do, some franchisors can help you secure third-party financing.
6. Work Hard
Owning an auto repair shop franchise doesn’t mean you can just sit back and relax while other people do all the work and you collect big financial rewards. No success comes without hard work.
7. Focus On The Customer Experience
Repeat business is a huge component for any successful auto repair shop franchise. You need to impress your customers so that they’ll come back to you. This goes beyond the quality of the actual work you do. You must keep your customers informed about what you’re doing and treat them warmly.
8. Perform A Media Analysis Before You Start Advertising
Deciding how much to spend on advertising and marketing and where to spend that money is tricky for any auto repair shop franchise. Doing a media analysis of your area first will help you learn how to get the most out of your advertising dollars.
9. Be Patient
Patience is a virtue. You can’t expect to rake in huge profits in your first year or two of business.
10. Don’t Be Afraid!
Business ownership can be scary. But don’t plague yourself with self-doubt. You can do this!
Contact Tuffy Tire & Auto Service
To begin your journey to auto repair shop franchise ownership, please contact us today.Back