How to Evaluate Car Service Franchise Opportunities
A car service franchise opportunity is an opportunity you should examine carefully. It’s never a good idea to let an opportunity pass you by. But not all opportunities are great opportunities for all people. And not all opportunities are created equal. This is also true of car service franchise opportunities. Some are great opportunities; some are something less than great. This article will help you learn how to evaluate car service franchise opportunities.
Car Service Franchise Opportunities
Let’s first go over why a car service franchise can be such a great opportunity in the first place. There are plenty of great franchisors out there who do all they can for their franchisees yet the opportunities they offer are still not great. This is simply because some industries are better than others in terms of investing your money and time. And the car service industry is a great industry in which to invest your money and time.
The reason for this is twofold. First, the car service franchise industry is enormous. It’s been around for over a century and everybody knows what its for and when they need it. Most American families own at least one vehicle. That means the car service industry has a huge customer base. Second, the car service industry is growing. This is due to two main factors: 1) the population is growing and 2) Americans are holding on to their vehicles for longer and driving older cars. Older cars need more service than newer cars and the car service industry is reaping the benefits of that.
Why a Franchise?
Just because now is a good time to get into the car service industry, why does that mean you should buy a franchise? Why not a totally independent shop? There are several reasons why. For starters, by buying into a franchise you are (ideally) buying brand name awareness. Of course, this effect is negated if the brand into which you buy is unknown or, even worse, disliked or mistrusted. But if the brand has been around for enough years and is respected, you are getting a huge advantage with your franchising fee.
Second, by buying a franchise you get a template for success. You get support and training that you wouldn’t if you were completely on your own. Third, some companies have preferred vendor programs. These programs leverage the buying power of all the franchise locations to get cheap, bulk prices on parts and equipment. Parts and equipment are major expenditures so any money you can save on them is a real benefit.
Good vs. Bad Car Service Franchise Opportunities
These benefits of a car service franchise only apply if the franchisor is competent and honest. Not all franchisors are truly committed to their franchisees’ success. And not all of them know what they’re doing. You definitely want to buy a franchise that comes with the benefits mentioned above. You want a franchisor who has a good brand name, who offers ongoing training and support, and who has a preferred vendor program. You also want a franchisor that offers a guaranteed protected territory, ensuring that they won’t allow another car service franchise to open up in your area.
Get In Touch
If you would like to learn more about Tuffy Tire & Auto’s car service franchise opportunities, please contact us today.Back