Tire & Auto Repair Franchises – The Basics
A tire & auto repair franchise is a relatively solid business venture. Of course, not every auto repair franchise will be successful. But, in comparison to other business, it’s not particularly risky. It’s not like you’re trying to open a business trading crypto currencies or evaluating the value of Beanie Babies. There are a lot of cars on the road and they will need to be repaired at some point. Let’s go over some of the basics of tire & auto repair franchises and how they work.
Tire & Auto Repair Franchises
What a tire & auto repair franchise does is self-explanatory. People will pay to have their auto’s tires repaired and serviced. This can cover anything from patching punctured tires, to rotating tires, to fixing mufflers, to oil changes, to adjusting brakes, whatever. Because our cars rarely breakdown where it is most convenient for us, tire & auto repair are excellent services to provide. Roadside assistance is a key revenue stream for tire & auto repair franchises, otherwise all your business will have to come from customers who are able to get their vehicles safely to your shop.
Where is the Profit?
Your revenue comes from people paying you to fix and service their autos. But an important thing to remember about tire & auto repair franchises is that customer satisfaction is of the utmost importance. The reason for this is that vehicles will need regular maintenance and multiple repairs over the course of their lifetimes, so return business is a huge factor in the profitability of a tire & auto repair franchise.
It’s important to remember that while a tire & auto repair franchise has a great big customer base, there is also considerable overhead. You’re not operating out of a small office, but a large garage. There’s also a lot of equipment and parts you will need to buy. This where choosing the right franchise really pays off. Good, successful companies will have preferred vendor programs where they can leverage the collective buying power of all their franchises and get parts and equipment at cheap rates. This will lessen your costs and help you to increase profit.
Location is Important
If you’re looking to specialize in repairing tractors, the country would be a great place for your shop. Otherwise, maybe not. Rural areas have a lot going for them but what they don’t have is a lot of people. That’s why you will want to situate your Tire & auto repair franchise in an urban or suburban area.
It’s true that many people enlist the services of tire & auto repair shops, but you don’t want to be one of seven garages on the same street. Protected territories are very important. Never buy a franchise from a franchisor that won’t guarantee not to sell another franchise near your franchise; otherwise the company will just cannibalize its own business.
And let’s not forget the most basic of basics – you have to know something about how to repair autos. That doesn’t mean you have to be an expert going into it. Successful companies will offer comprehensive training and monitoring to help even total novices succeed in the tire & auto repair business.
Tuffy Tire & Auto Service Centers
Tuffy Tire & Auto Service Centers offer preferred vendor programs, protected territories, and complete training. To get started on opening your own Tire auto repair franchise, please contact us today.Back