Your Checklist for Buying an Auto Repair Franchise
There are lots of good reasons to buy an auto repair franchise for sale. The auto repair franchise is booming right now, and it’s only expected to grow. But there are no sure things in business. You shouldn’t be looking for an auto repair franchise for sale. You should be looking for the right auto repair franchise for sale. There are some qualities an auto repair franchise must have to be worth buying. This article will provide you with a checklist of what you need to see before buying an auto repair franchise for sale.
Clearly Displayed Cost And Criteria
There are some low-cost franchises you could buy and have success with. An auto repair franchise is not one of them. Auto repair franchises don’t sell for cheap. It can cost you almost $500,000 in total initial investment to get your auto repair franchise up and running, depending on the market in which you live and the franchise you buy. But this absolutely does not mean that you shouldn’t buy an automotive franchise for sale.
If you don’t have the necessary net worth yet, save up. You can buy some cheaper types of franchises for sale, and while you could succeed with some of those, most will fail. Auto repair franchises cost a lot, but they bring in a lot of revenue. Within a few years of buying an auto repair franchise for sale, you could be bringing in a million dollars in gross sales a year. Maybe more. But only if you buy the right auto repair franchise for sale and the right one will not try to hide how much investment is required in the hopes of making a quick buck on franchisees who are in over their heads.
Training, Guidance, And Support
You don’t need to know a lot about automotive repair to buy an automotive repair franchise for sale. Franchisors can’t limit themselves to franchisees who are already expert technicians. The best automotive repair franchisors offer comprehensive training. They will also provide ongoing guidance and support whenever you need it.
A Protected Territory
A protected territory means that the franchisor will not sell another automotive repair franchise in your area. By doing this, the franchisor would only cannibalize the company’s business. This is a tactic of unscrupulous and shortsighted franchisors. Do not buy an automotive repair franchise for sale that does not come with a protected territory.
A Preferred Vendor Program
Automotive repair franchises spend big on replacement parts and equipment. But you can’t afford to pay less for lower quality parts. However, with a preferred vendor program you can get top quality parts for cheaper. The best automotive repair companies can leverage the buying power of all their franchise locations to get reduced prices.
A Trusted Brand Name
You want customers as quickly as possible right? By buying an auto repair franchise for sale from a brand that is trusted and recognized, you’ll have people walking through your front door in no time. There are probably some newer automotive repair franchises that are great but have not yet built up their brand yet. Good luck to them, but for you, it’s just not worth the risk.
Tuffy Tire & Auto Service
To learn about Tuffy’s automotive repair franchises for sale, please contact us.Back