Auto Repair Franchises 101
Auto repair franchising can be an excellent opportunity to make good money and be your own boss. But an opportunity is not a promise or guarantee. For ambitious entrepreneurs and hard working business people, it would be foolish not to try to capitalize on auto repair franchise opportunities. But that doesn’t mean it’s as simple as buying an auto repair franchise and then watching the money roll in. Nothing is that simple. There are things you need to know, so consider this a quick crash course on auto repair franchises. This is auto repair franchising 101.
Auto Repair Franchise Opportunities
First, let us discuss what makes auto repair franchises such great opportunities. What’s so special about the auto repair industry? Well, there are many things, but when you really boil it down, there are two big reasons why the auto repair industry is a good industry into which you should invest your money and time: history and future.
The auto repair industry has been around for more than a century. Everybody knows what a vehicle is; everybody knows that they require maintenance and repairs. When you don’t have to explain to the public what your business does, you’re saving time already. But more important than the past is the future. And the future looks bright for the auto repair industry.
That is because all the major business forecasts predict growth for the auto repair industry. The industry has been growing steadily for years, largely on the back of population growth as well as the fact that Americans are driving their vehicles for longer. Older vehicles require more maintenance and repairs and this means more business for the auto repair industry.
OK, so it’s a good time to get into the auto repair business. But why a franchise, specifically? Why not a completely independent shop? As romantic as going it alone might seem, it’s not very practical. There’s a reason why franchising works across a plethora of industries. People are generally risk averse. They want to bring their business to somewhere they trust. And if they trust a brand, they will feel comfortable bringing their business to any franchise location under that brand name.
What you Need from your Franchisor
But not all brands are equal and neither are all franchisors. You have to pick the right one. First, it makes no sense investing in a tarnished or unknown brand. You want to work with a company that has been around for decades and has accrued public trust. Second, you want to make sure that your franchisor will support you and is genuinely invested in your success. Do they offer ongoing support and training? You don’t want a franchisor that’s just looking to make a quick buck on franchising fees.
Other Factors to Consider
Remember “location, location, location”. You have to figure out the best location for your auto repair franchise. You should work with your franchisor on this and make sure that they offer protected territories. It’s no good finding the perfect spot if the franchisor will sell another auto repair franchise across the street from you.
Get in Touch
If you would like to learn more about Tuffy Tire & Auto Service and the auto repair franchise opportunities that we have available, please contact us today.Back