Evaluating Automotive Franchise Opportunities
If you’re looking to own your own business, and you’re interested in automotive service, how do you evaluate automotive franchise opportunities?
Capitalizing On The Right Automotive Franchise Opportunity Can Be The Best Career Move Of Your Life. But There Are Risks.
There’s a lot of money to be made in the automotive aftermarket if you pick the right automotive franchise opportunity. The automotive aftermarket consists of all financial transactions related to automobiles after their initial purchase. As you might imagine, automotive franchises comprise a huge portion of this market.
But not every automotive franchise is successful. Not every automotive franchisor is successful. While you can make a lot of money with an automotive franchise, it costs a significant amount to buy one and get started. It can cost $500,000 in some cases. You need to be sure you’re making a wise investment, so look for an automotive franchisor with clearly outlined costs and criteria.
Work With A Franchisor Who Will Work With You.
It’s important to have a franchisor who is invested in your success. The more successful you are as a franchisee, the more money the franchisor will make. This makes it easier for the franchisor to sell more franchise rights.
This is how it’s supposed to work. But far too many franchisors are more interested in making a quick buck on franchising fees and then leaving their franchise partners to fend for themselves. You only want to pursue automotive franchise opportunities from franchisors who give their franchise partners the proper training, support, and guidance they need to succeed.
Opportunities Are Not Lottery Tickets. You Need A Strategy.
A recognized brand name and valuable industry connections are qualities a franchisor can only obtain by being successful over time. For example, a franchisor with a preferred vendor program can help their franchise partners save money on high-quality parts and equipment. Automotive franchisors can provide this benefit by leveraging the buying power of all their franchise locations.
If You Pick The Right Opportunity, The Money Is There To Make.
According to Precedence Research, the value of the global automotive aftermarket is $721.2 billion. And it’s growing. It’s predicted to reach a value of $950.1 billion by 2027. With so many vehicles on American roads—and so many old vehicles that need more repairs—there is plenty of opportunity to succeed with an automotive franchise.
Tuffy Tire & Auto Service Has Great Automotive Franchise Opportunities Available.
If you’re interested in owning an automotive franchise, you should contact Tuffy Tire & Auto Service. At Tuffy, we work with our franchise partners to give them every opportunity to succeed. To learn more, please contact us via our website or call (800) 228 – 8339. You can find out where our available markets are here.Back