What Makes a Successful Auto Repair Franchise?
There are several entries throughout this blog extolling the virtues of the auto repair franchise. Of course, if you’re looking to buy a franchise, we would love for you to buy an auto repair franchise (specifically, a Tuffy Tire & Auto Service franchise). These blog entries explain in several ways why an auto repair franchise is advantageous to other industries in which you could buy a franchise.
But the truth is, as I suspect you know, just because an auto repair franchise heightens your chances of success, there are no guarantees in life. There are plenty of auto repair franchise locations and businesses that failed to be profitable and ultimately closed. But why do some auto repair franchises flounder and others succeed? What makes a successful auto repair franchise?
This will come as a surprise to nobody, but the first key in running a successful business of any kind is maximizing profit. How do you do this with an auto repair franchise? For starters, it helps a lot if you can buy a franchise from a company with a trusted and respected brand. One of the great benefits of a franchise over an independent business is that you don’t have to spend years and years building a reputation; you get an already established brand name with your investment.
This is not to say, of course, that by simply being associated with a strong brand will bring people into your garage in droves. You will likely still need a strong marketing and advertising plan. But marketing and advertising are very tricky. You’ll want to buy into a company that gives their franchisees assistance in setting up their marketing and advertising plans.
But revenue does not equal profit. Before you can get to profit, you’ll have to subtract your expenses. The less you must subtract, the more you will have in profit. So how do you minimize expenditures? Well, one of the biggest expenses an auto repair franchise has is the equipment required. Equipment, tools, and parts can all cost a lot. But some companies offer a preferred vendor program.
A preferred vendor program is a program in which the franchisor recommends a vendor from whom franchisees can buy necessary equipment. By leveraging the bulk purchases from across all their franchise locations, a company can get excellent equipment for significantly low prices, saving individual franchisees a lot of money compared to independent business owners and franchisees of smaller companies.
Tuffy Tire & Auto Service
At Tuffy Tire & Auto Service, we do all that we can to make sure that each one of our franchisees can run a successful auto repair franchise. Our brand is respected and trusted and has been for decades. We offer marketing and advertising assistance to all our franchises and we also have a preferred vendor program. In addition to that, we have protected territories, ensuring another Tuffy franchise will not open in your territory, cannibalizing your business. We also have relationships with third parties who can offer financing.
To learn more about what makes Tuffy franchises some of the most successful auto repair franchises in the country, please get in touch with us today.Back