Franchise FAQ

how much is a discount tire franchise

by Candice Gleichner Published 2 years ago Updated 1 year ago
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Discount Tire offers free lifetime rotation and balancing on tires purchased from its store. Tire repair and automotive franchises can cost anywhere between $100,000 and $1,000,000. The franchise fee is reported to be $35,000 but has not yet been verified.

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.

Full Answer

Why buy a Discount Tire franchise?

We have asked by many people who are looking into automotive service franchise business to help them buy a discount tire franchise (or tire shop franchise). Growing number of cars as well as more tire wear and tear as a result of long commute time propels the tire business growth everyday.

How much does it cost to open a tire business?

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. And the total upfront investment ranges from $311,000 to $1,138,300. 2. Tuffy Tire & Auto Service

How much does it cost to open a Tuffy Tire franchise?

The franchise fee ranges from $10,000 to $35,000. And the total upfront investment ranges from $311,000 to $1,138,300. 2. Tuffy Tire & Auto Service Tuffy Tire & Auto Service started in Detroit and has been around for more than 50 years. The company offers tires, muffler service, and various other auto repairs.

How many locations does Discount Tire have?

Founded in 1960 by Bruce T. Halle, Discount Tire is the world’s largest tire and wheel retailer. The company currently serves customers as their trusted neighborhood tire retailer at more than 940 stores in 33 states across the country.

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Can you own a Discount Tire franchise?

Tire demand is growing and that's why many people consider the tire business and tire shop franchise a profitable one. To answer that question we should say according to the Tire Discount company website, Discount Tire is a privately owned organization. Therefore, there are no franchise opportunities available.

How much money is Discount Tire worth?

Discount TireDiscount Tire store in Ypsilanti, MIRevenueUS$5.2 billion (2019)Number of employees25,000-plus (2021)Websitediscounttire.com9 more rows

Are Discount Tires independently owned?

About Discount Tire Through respect, fairness, and a willingness to always pay it forward, Halle transformed his store into a thriving, responsible business. Today, Discount Tire is America's largest independent tire and wheel retailer.

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.

How much is the owner of Discount Tire worth?

Bruce T. Halle, the founder of Discount Tire, Arizona's wealthiest resident and a prominent philanthropist, died Thursday morning at age 87, according to the company. Halle was listed as Arizona's wealthiest individual for the past eight years by Forbes, with a net-worth tally of $5.2 billion as of January 2018.

How much does the CEO of Discount Tire make a year?

How much does a Founder and CEO make at Discount Tire in the United States? Average Discount Tire Founder and CEO yearly pay in the United States is approximately $14,500, which is 81% below the national average.

Who did Discount Tire buy out?

Tire RackAs of October 31, 2021, privately held, family-owned Tire Rack employed more than 950 Team Members. It will become wholly owned by Discount Tire, also a privately held family-owned business, at closing.

Does Discount Tire own America's tire?

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 Discount Tire owned by Tire Rack?

Yes, Tire Rack is now a part of the Discount Tire family.

Who is the CEO of Discount tires?

Dean Muglia (2020–)Discount Tire / CEO

Who did Mavis tire buyout?

The deal includes both the wholesale and retail operations of the Pennsylvania-based Jack Williams Tire. The company's 11 warehouses and wholesale business serves more than 5,000 dealers in Pennsylvania, New York, New Jersey, Delaware and Maryland.

Who owns Big O?

TBC CorporationIt is headquartered in Palm Beach Gardens, Florida and is a wholly owned subsidiary of TBC Corporation. U.S. Big O private brand tires and other leading brands are available at all 450+ locations.

Who is the CEO of Discount Tire?

Dean Muglia (2020–)Discount Tire / CEO

How much are my tires worth?

The average price for most used tires is around anywhere from $25 to $75 per tire with a complete set selling from $100-$300. It is important to accurately assess your tires so that you can ask for a reasonable price whether you are selling to a retreading shop or a retailer.

How much does it cost for one tire?

The tire replacement cost of a single standard tire is about $50-$200, depending on brand and quality. SUVs and other large vehicles can rise to around $350. Large trucks, such as pick-ups, usually cost about the same. Generally, it's a good idea to replace all your tires at once.

How much do tires cost?

General pricing guidelines for new tires: Inexpensive tires will generally be in the range of $50 - $150 each. Moderately priced tires will usually be in the range of $100 - $300 each. High-end tires (ultra-high performance or specialty off-road tires) can be $300 - $1000 each.

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.

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