How much does a tire franchise cost?
And franchisees get some freedom to operate independently while still receiving support when needed. In addition to traditional franchises, the company also offers multi-unit opportunities, veteran and first responder discounts, and conversion opportunities for existing tire businesses. The franchise fee ranges from $10,000 to $35,000.
How many Discount Tire stores are there in the US?
Now, with more than 890 stores in 28 states, Discount Tire has grown to become the world’s largest independent tire and wheel retailer according to Wikipedia. Discount/America’s Tire offers the largest selection of tires including leading brands such as Goodyear, Michelin, Bridgestone, and exclusive brands such as Arizonian and Fisk.
How did Discount Tire get its start?
Our Story: How We Started. Discount Tire first opened its doors in 1960, when Bruce T. Halle rented an old plumbing supply building on Stadium Boulevard in Ann Arbor, Michigan. Bruce cleaned out the building, built countertops, repainted the sign outside, and displayed his initial six-tire inventory.
Why choose Discount Tire?
Discount Tire continues to prosper because of the vision that lives and thrives in the hearts of our employees, from the store level to the corporate level. Visit one of our stores today, and experience the values that make Discount Tire the nation’s most trusted tire and wheel retailer.
Who is Discount Tire owned by?
Reinalt-Thomas CorpDiscount Tire is no longer owned by Bruce Halle but is owned by Reinalt-Thomas Corp.
How profitable is a tire shop?
Is owning a tire shop profitable? Tire repair shop profits depend on a number of factors, including shop size, inventory, team size, prices, location, and sales and service volume. Moderately sized tire shops with minimal expenses may expect a profit margin of around 20 percent or more.
Is America's tire and Discount Tire the same company?
Discount Tire / America's Tire / Discount Tire Direct, based in Scottsdale, Arizona, is the world's largest tire and wheel retailer. The company does business under the trade name Discount Tire in most of the U.S., America's Tire in parts of California, and Discount Tire Direct for direct online sales.
Is Mavis a franchise?
Born in Italy, Vinny Papa arrived in the United States with his family when he was 9 years old. Papa grew up in Elmsford, got married in 1979 and moved to Somers. In 1986 he had an opportunity to own the first Mavis store franchise, and the rest is history.
How much does it cost to open a discount tire franchise?
Interested entrepreneurs must have a minimum net worth of $250,000 and liquid assets of at least $50,000 per unit and can expect a total investment between $223,600-330,500 depending on real estate costs. That investment range includes the $39,500 initial franchise fees.
Is selling tires a good business?
There is no doubt tires can be a highly profitable segment of your business, but you're also providing another service to your community. The more services your shop can provide, the more valuable you are to your customers.
Does Tire Rack own Discount Tire?
Yes, Tire Rack is now a part of the Discount Tire family.
Is Discount Tire a private company?
And the privately-held company reported $5.17 billion in sales, making it the leading independent tire retailer.
Where is the headquarters for Discount tires?
Scottsdale, AZDiscount Tire / Headquarters
Is Goodyear tire a franchise?
As a Goodyear Autocare franchisee we will help you every step of the way to develop a profitable business. We will provide you with a strong, long-term, competitive business platform to develop your turnover and bottom line profits.
Is Belle tire a franchise?
Belle Tire is an American tire, wheel and automotive service retailer headquartered in Allen Park, Michigan. It was founded in 1922, after its first location was opened in Detroit, Michigan, by Sam Waze. It currently operates 130+ locations in Michigan, Indiana, Ohio and Illinois....Belle Tire.TypePrivateNumber of employees2,3008 more rows
Is Mavis Tire owned by Discount Tire?
Mavis is the parent of two retail chains, Mavis Discount Tire Inc and Express Oil Change & Tire Engineers. They provide tire, oil change, and mechanical services at more than 1,100 service centers across 27 states, according to Golden Gate's website.
How much can you make selling tires?
You may earn as much as 20-30 percent profit on each tire selling them at retail, however. Wholesale profit markets measure at 5-10 percent, but you will receive higher volume orders as a wholesaler.
How much does it cost to start a tyre business?
The average startup costs for a tyre store: $19,815 Join our free weekly newsletter and get them right now.
Can you make money with a tire machine?
With a wheel balancing and tire changing service one family vehicle can make you about $150 per year which may not seem like a lot but multiply that times the 8,000 potential families living in your town for a task that takes your technician 45-60 mins to complete.
How do you value a tire business?
Below are factors that impact the value of a tire dealership.% Of After-market Services. ... Average Vehicle Count and Average Ticket. ... Loyal Customer Base. ... Supplier Concentration and Proximity. ... Proximity and Number of Competitors. ... Lease Terms and Rate. ... Team/Employees. ... Equipment Condition.More items...•
What is discount tire?
Today, Discount Tire is America’s largest independent tire and wheel retailer. Our 1,000+ locations across 35 states provide a wide range of product choices, affordable pricing, and expert staff. More importantly, all our stores offer the individual customer focus and warm personal touch you’d expect from a neighborhood store. In the spirit of the first Discount Tire store, we maintain commitments to mutual respect and fairness for all through community engagement and responsible growth.
Who founded the first discount tire?
In 1960, Bruce T. Halle founded the first Discount Tire in Ann Arbor, Michigan. Starting with an inventory of only six tires, Halle grew his store by cultivating connections to the community and honoring relationships with customers and employees. Through respect, fairness, and a willingness to always pay it forward, Halle transformed his store into a thriving, responsible business.
What is discount tire?
Discount Tire is well known for being the largest tire and wheel retailer in the world – but that’s not its only world title. The company also holds the Guinness World Record for the Longest Running TV Commercial. In 1975, Discount Tire created a ten second ad, in which a little [...] Sep 8, 2014.
Where is Discount Tire located?
Discount Tire. Discount Tire, based in Scottsdale, is the world’s largest independent retailer of tires and wheels. Founded in 1960 by Bruce Halle and celebrating its 60th year of business, they serve customers at more than 1,070 stores in 36 states.
Who owns the most comprehensive tire poster collection?
Bruce Halle, Chairman of Discount Tire and owner of the world's most comprehensive collection of tire posters What began with an impulse purchase by tire magnate Bruce Halle has evolved into what is assuredly the most expansive collection of antique tire posters ever assembled.
Who is the richest person in the auto industry?
Susanne Klatten Isn't As Famous As Tesla's Elon Musk, But In An Industry Ruled By Men, She's Richer. Susanne Klatten keeps a lower profile than the Tesla Motors founder. But with an estimated net worth of $18.5 billion, the BMW heiress is the richest person in the auto industry.
Who sponsors the No. 2 Ford Mustang?
individual driving habits to recommend the right tires. Discount Tire is a primary sponsor of the No. 2 Ford Mustang in the NASCAR Cup Series.
How many Canadian Tire stores are there?
With over 450 Canadian Tire Associate Stores serving communities nationwide, Canadian Tire Corporation, Limited and the Associate Dealers together employ 38,000 Canadians and form one of Canada's best-known and most successful retailers.
Where is All Tire located?
All Tire Supply Company, located in Houston, Tx, has been a leader in the business of wholesale and distribution of automotive supplies and equipment since 1960.
How long does it take to start a smart tire business?
With the help of the Smart Tires team, you could be up and running your rent-to-own tire business in 60 days !
What is GoTire tire?
GoTire is a business with real traction, providing an essential tire service that nearly every Canadian needs at least once or twice a year. Our customers include the general public and companies with fleets of vehicles.
Can Tire Guys repair your tires?
If you have ever had car problems you will understand the benefit of calling a Tire Guys franchisee who will come to you and repair and/or replace your tires. It makes sense to open a business that offers a skill set and service that everyone will require and you can benefit from.
Is Kwicksilver a franchise?
Kwicksilver is now offering franchises to qualified businesses and individuals interested in taking advantage of the rapidly emerging wheel repair/recon market. No one else offers such a comprehensive package of training, equipment, tools, supplies, marketing and ongoing consultation. We are with you every step of the way to ensure your success.
Is RimTyme a franchise?
Founded in 2005, RimTyme is an offshoot of ColorTyme, another rent-to-own franchise, which is a subsidiary of Rent-A-Center. RimTyme stores sell and install custom rims and tires, with payment options including a credit card, cash, lease ownership plan or 90 or 120-day cash payment.
Get Spiffy
Spiffy® is an on-demand technology and services company. The main concept of the company is environmentally friendly car care for individuals and car fleets. Get Spiffy has always focused on mobile devices, apps, car wash and detailing.
All Tire Supply
Based in Houston, Texas, All Tire Supply Company has been a leader in the wholesale and distribution of automotive supplies and equipment since 1960. All Tire Supply specializes in tire repair products and offers a full range of tire repair tools and consumables.
In Motion Tires
In Motion Tire & Performance is a local tire service center founded in 2008. The company provides a full range of mobile tire and wheel shops throughout the country. They currently have markets available in several states. Owners get the opportunity to work closely with clients and work with their own hands on a daily basis.
Why is discount tire so successful?
Through honesty, service, and a willingness to pay it forward, we provide unexpected experiences that delight our customers and keep them coming back for more. To this day, Bruce Halle attributes the overall success of Discount Tire to these healthy attitudes and the employees who live them. From his perspective, success comes from focusing on what each person owes to his family, to the future generation of employees, and to the next customer coming in the door.
When did discount tire start?
Discount Tire first opened its doors in 1960, when Bruce T. Halle rented an old plumbing supply building on Stadium Boulevard in Ann Arbor, Michigan. Bruce cleaned out the building, built countertops, repainted the sign outside, and displayed his initial six-tire inventory.
How much does a tire repair franchise cost?
Tire repair and automotive franchises can cost anywhere between $100,000 and $1,000,000. Generally, mobile franchises cost between about $100,000 and $200,000. And larger brick and mortar shops that provide tire repair and other automotive services cost between $200,000 and $1,000,000.
How much does it cost to franchise a tire pro?
It’s also backed by American Tire Distributors, the largest tire distribution network in North America. And there are currently more than 600 franchise locations throughout the country. The fee for the franchises is just $7,000. And the total upfront investment ranges from $218,000to $369,500.
How much can you make owning a tire shop?
However, a moderately sized shop with a few employees and service bays can bring in between $36,000 and $60,000 per month. That could lead to monthly profits of $20,000 or more.
How do I start a tire business?
To start a new tire repair shop, you first need to find a location. Scout a location that’s easy to access with plenty of space for repair bays and inventory storage. You should also research the customers in the area. Pretty much every location has some need for tire repair or replacement. But the income range and driving habits of your customers may impact what type of products and services you provide. For example, shops in a low-income area may benefit from offering used tires. But if you’re opening up in a city with lots of public transit, research competition in the area to make sure the market isn’t too saturated.
What is Gomobile tire?
GoMobile Tires. GoMobile provides customers with a mobile tire buying experience. Basically, you can run everything from a van instead of a large storefront. You can keep a minimal inventory and each discount franchise is set up with an online purchasing platform for customers to easily order online.
What is a Meineke franchise?
Meineke is a total auto care franchise business. With tons of services, franchises can enjoy a variety of revenue streams. And the company has national and well-established brand recognition in markets across the country. It also provides a dedicated tech platform for performing inspections and managing operations. Basically, this can make the day to day operations much more straightforward, which is especially helpful for new franchises. They look for franchisees with business acumen, strong community ties, and a drive to succeed. The initial franchise fee is $35,000. And startup costs range from $319,774 to $610,318.
How much is the tire industry worth?
So tire repair and replacement services are always in demand. In fact, the U.S. tire industry is worth about $35 billion.
