How to Open a Tyre Shop Franchise

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How to Open a Tyre Shop Franchise

With car production triumphing a 17 year high this year, the tyre market in the UK has soared after a tough few years. From 2016, sales figures have significantly increased, especially in the light commercial market, with sales rising higher and higher each month.

One of the most prominent and exciting opportunities for growth is tyre replacement for fleet users, which will be instrumental in the estimated rise to a global value of six billion dollars by 2021.

Similar to other areas of the automotive industry, one of the worlds greatest economic sectors based on revenue, tyre services depend on robust supply chains and cost control. Taking the time to pursue the perfect franchising contract helps lay a solid foundation for this.

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Tyres Shop Franchise UK

Investing in the tyres shop industry is definitely a worthwhile investment considering that there are presently 34 million vehicles on the roads in the UK, which will no doubt need a tyre changing at some point.

Also, assuming that people will continue to use vehicles for the foreseeable future, there will always be a demand for tyres, therefore tyres shop services will always be necessitated. Hence, many franchises are striving for expansion, and are seeking savvy individuals who are keen to share the success.

Investment Opportunities

Investing in the right contract helps franchisees gain from the companys successes, such as, solidifying brand loyalty and acquiring first-rate contacts in the industry. Also, initiating supply agreements with manufacturers allows the unit price of tyres to be kept to a minimum, therefore, economies of scale can be maintained.

Staff training and working according to rigorous Health & Safety requirements and indemnity obligations can be advised and assisted by parent companies.
There is a vast choice of parent companies on offer, such as, the web-based, mobile tyre supply companies, Hometyre and Etyres. On the other hand, opting for a more traditional approach is EuroFit and HiQ Auto Centres, which operate through shop-based tyre fitting locations. Arguably one of the most influential contenders in tyre supply, Kwik Fit, is on the hunt for new and exciting franchise opportunities in the UK. Finally, Autocare and National Tyres are finalising deals with ambitious and dynamic franchisees as we speak.

Best Tyres Shop

Three of the franchises for sale available through Point Franchise are with Etyres, The Wheel Specialist and Hometyre.

Etyres

Innovatively, Etyres is the first online tyre franchise in the UK. Being the online tyres shop pioneer, Etyres is continuously a front-runner in the market until this day. The firm sets itself apart from its competitors, in the way that all of their work is executed through their van. The van is fully stocked with all that is necessary to offer services nationwide, at a place and a time convenient for the customer.

Therefore, it comes as no surprise that the company was awarded by the British Franchise Association as a Franchisor of the Year Bronze Award and the Franchise Marketing Award. Additionally, it is the first mobile tyre company to obtain an ISO 9002 accreditation, which is only awarded when the products and services that a company offers are of the highest quality.

The high demand of tyres shop services in the UK, combined with the fact that Etyres franchisees are provided with exclusive areas where they can deliver their services, has resulted in some franchisees receiving an income exceeding one million pounds every year.

Etyres offers a well-established business model and name with a proven track record that can help entrepreneurs gain something that is so important in the current economic climate - financial security. In order to invest, entrepreneurs should be sociable and passionate about the business, and secure at a minimum, £24,000, as their total initial investment. If this proves difficult, there is still hope, as some national banks can offer a loan of up to 70% of the investment cost, subject to financial history.

The Wheel Specialist

One of the most influential alloy wheel repair, restoration and modification specialists in the UK is The Wheel Specialist. Its area of expertise is professional wheel and car transformation services to any kind of automobile. In particular, the company is renowned for its wheel customisation services, such as chrome and new tyre services, strip and refit, balance wheels, wet paint and powder coating. The Wheel Specialist prides itself on its devoted customers who keep coming back for more, as only the most exceptional permanent, non-cosmetic and all-over services are delivered.

One of the reasons why The Wheel Specialist is the leading choice in the industry for wheel refurbishing is because they are the oldest and largest established wheel refurbishing company in the UK.

Some of the companys greatest achievements include appearing on various TV programmes such as Wheelers Dealers where it was commended for the strength of its business model and outstanding quality of services, and also being a finalist in the Best Online Marketing Campaign in the Franchise Marketing Award in 2012.

The Wheel Specialist seeks investors who are business-focused, know their way around a computer and balance quality with professionalism. Franchisees must invest an initial £44,997 plus VAT and a liquid capital ranging from £40,000 up to £100,000 to form the primary set-up. As was discussed earlier, banks may lend up to 70% of start-up costs.

Hometyre

Hometyre is a pioneer in the mobile tyre replacement industry who work around the clock to supply the highest quality tyres to be replaced at the customers utmost convenience. Its recognised presence in the market has initiated partnerships with respectable, well-known brands across the globe, such as Michelin and Dunlop.

As well as tyre replacement, tyres shop services also include wheel alignment and tyre fitting. Thus, its wide range of services and variety of products, which are underpinned by its well-constructed business model, has resulted in it receiving numerous franchise, humanitarian, and entrepreneurial awards.

The ideal franchisee for Hometryre is someone who is engaging, hard-working and who can abide by its high standards. An initial minimum investment of £20,000 and a start up value of less than £40,000 is required.

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