Some Ins and Outs of the Automotive Business
Automotive business franchise opportunities can be very valuable. But why is that? What is it about the automotive business that makes it such a good area in which to invest your money as well as your hard work? Well, this article will endeavor to answer that question for you. Here are some of the ins and outs of the automotive business.
The Automotive Business
For simplicity’s sake, let us divide the automotive business into two separate but equally important groups: the business that’s to do with the initial manufacturing and selling of a vehicle, and the automotive aftermarket which deals with everything after the initial sale of a vehicle. This article will focus on the latter, the automotive aftermarket, because it is within that realm that the automotive repair franchise, tire repair shops, and auto service businesses exist.
The Automotive Aftermarket
The automotive aftermarket is doing well, to put it mildly. Indeed, it might be more accurate to say that business in the automotive aftermarket is “booming”. Some estimates give an evaluation of a trillion dollars (USD) by 2022. Despite changes in the automotive business on the horizon, all economic forecasts for the automotive business and the franchise opportunities therein are positive.
But just why is the outlook so rosy for the automotive business? Why is now such a great time to search out automotive business franchise opportunities? Well, this growth is predicated on two basic trends: first, there are more vehicles on the roads than ever before, and second, people are driving their vehicles for longer than they have in decades.
The fact that most American families own at least one vehicle gives automotive business franchises a huge potential customer base. And because Americans expect to get more longevity out of their vehicles, those vehicles need more maintenance, service, and repairs than the average vehicle needed 10-15 years ago. This means that an automotive franchise not only can cast a wide net over different demographics, but that if they impress any customer the first time they service their vehicle, they could get repeat business from that customer for over a decade.
Automotive Business Franchise Opportunities
Just because the automotive business is one of the most stable and profitable businesses into which one could enter, that doesn’t mean that all the opportunities therein are golden ones. You will need to be able to differentiate the golden opportunities from the lemons. How do you do that? Focus on the role the franchisor intends to play.
Franchisors and franchisees succeed the most when they work together. Does the franchisor offer training and ongoing support? Do they offer protected territories ensuring that they won’t cannibalize your business by allowing another franchise to open in the same neighborhood? Do they offer a preferred vendor program allowing their franchises to get top quality parts at reduced prices? How about help with marketing and locating third party financing to get you started? Any franchisor that offers all that is offering a golden automotive business franchise opportunity. And one franchisor that offers all of that is Tuffy Tire & Auto Service.
If would like to learn what automotive business franchise opportunities Tuffy Tire & Auto Service has available, please do not hesitate to contact us.Back