There are currently over 36 million vehicles on the roads in the UK. That’s a lot of tyres that will eventually need replacing. Learn how you can capitalise on demand with a tyre shop franchise.
If you’re interested in running a franchise in the automotive sector, focussing on tyre replacement is a good place to start. There’s a strong demand for the services offered by tyre shop franchises, so it’s a relatively recession-proof industry.
In fact, the automotive industry is one of the world’s greatest economic sectors based on revenue. So, taking the time to pursue the perfect franchise contract helps lay a solid foundation for a fantastic career at the helm of a profitable business.
The tyre shop market in the UK
As you can imagine, the tyre industry is a relatively lucrative one. More than 40 million tyres are fitted every year – that’s over 100,000 per day. To give you an idea of the size of the industry, the tyre manufacturing sector alone generated £2 billion in 2019.
Replacement tyres are crucial if drivers are to make sure their vehicles are safe on the roads. So, by capitalising on sensible drivers and encouraging others to adhere to automotive regulations and upgrade their tyres when necessary, you can make sure your tyre shop franchise remains profitable.
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Top 4 tyre shop franchises in the UK
We currently have three tyre shop franchise opportunities in our portfolio: Etyres, Hometyre and The Wheel Specialist. Outside of our site, Xtreme Tyres is also looking to expand through the franchise model. Find out more below.
About Etyres: This is the UK’s first online tyre franchise, offering tyre changing services whenever customers need it. It was established in 1992, and its franchise model was launched four years later. Etyres’ vans are fully equipped with everything needed to change a tyre and travel to customers while promoting the company’s three core values: honesty, convenience and professionalism.
Etyres was the first mobile tyre business to get an ISO 9002 accreditation, which is only awarded to companies with high-quality products and services. What’s more, some franchisees receive an income exceeding £1 million per year.
How to become an Etyres franchisee: Request more information here.
How much you need to invest upfront: An Etyres franchise requires a minimum investment of £24,000.
Those with slightly less liquid capital but the drive to franchise with Etyres are also catered for, with the business’ recently unveiled etyresExpansion+ programme. This multi-van Etyres franchise defers 50 percent of the franchise fee payment, requiring a reduced franchise fee of just £13,431, paid over a five-year period. On top of this, franchisees who develop their branch into a two or three-van operation before the five years are up can even reduce their outstanding fee by up to £10,000.
What you get for your investment: After investing, franchisees will be enrolled onto a two-week training course covering sales strategy, product information, marketing, IT systems, data management and finance, and offer practical training. This forms part of Etyres’ eight-week set-up scheme. As time goes on, the business will also update franchisees on the business’ latest products as well as new industry practices, so they can always stay one step ahead of the game. In addition to this, franchisees will be given their own territory.
About Hometyre: This franchise is a pioneer in the mobile tyre replacement sector. Its employees work around the clock to supply the highest quality tyres to be replaced at the customers’ utmost convenience. As well as tyre replacement, tyres shop services also include wheel alignment and tyre fitting.
As a nationally recognised brand, Hometyre enjoys a revenue of £5 million, as well as valuable business partnerships with leading brands like Dunlop, Goodyear, Michelin and Toyo. Hometyre’s 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.
How to become a Hometyre franchisee: The ideal franchisee for Hometyre is someone who is motivated and hard-working, and can abide by its high standards. Franchisees need not worry about sales enquiries, product restocking or logistics management, as Hometyres deals with this in order to ensure that franchisees get their branch up and running as smoothly and efficiently as possible. To get started, head to the franchise’s profile page here.
How much you need to invest upfront: An initial minimum investment of £20,000 and a start-up value of less than £40,000 is required.
What you get for your investment: An established training programme guides franchisees through their first few weeks with the company. Week One provides further insight into the business, Week Two provides hands-on training, and Week Three goes over the information provided.
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3. The Wheel Specialist
About The Wheel Specialist: Founded in 1955, The Wheel Specialist originally offered spray painting services throughout a number of industries but has built on its brand and is now a successful alloy wheel repair and modification specialist. The business has established a large customer base who rely on its superior services as the oldest and largest wheel refurbishing company in the UK.
The franchise asserts that opting for a total wheel refurbishment is better than a mobile repair service, as it provides a fuller, longer-lasting solution. As well as refurbishing, The Wheel Specialist offers wheel customisation services, including stripping and refitting, wheel balancing, and wet paint and powder coating.
The Wheel Specialist has also appeared on television programmes, including “Wheeler Dealers”.
How to become a The Wheel Specialist franchisee: Request more information here.
How much you need to invest upfront: Those interested in joining the franchise should ensure that they are business-orientated, self-motivated and can make an initial investment of £44,995 and have access to capital of between £40,000 and £100,000.
What you get for your investment: The Wheel Specialist will ensure that franchisees have a website ‘that delivers leads while you sleep’, world-class guidance in sales and marketing, an exclusive territory, access to the latest industry research and ongoing support.
4. Xtreme Tyres
About Xtreme Tyres: This is a van-based franchise that offers a turnkey business opportunity. Xtreme Tyres currently has two branches in Sussex, but is looking to expand further using the franchise model.
How to become an Xtreme Tyres franchisee: You’ll need to be able to work hard alongside others and persevere. To get started, fill out Xtreme Tyres’ online form here.
How much you need to invest upfront: Investments start at £20,000.
What you get for your investment: As well as benefitting from a proven business model, strong brand identity and purchasing power, franchisees will get access to a thorough training programme, ongoing support and marketing help. Xtreme Tyres also suggests that franchisees stand to make a profit of £150,000 in their third year.
Become an automotive franchisee
If you’d like to find out more about starting a career in the wider automotive field, why not take a look at one of our articles below?
- How to Start an Automotive Business
- Automotive Industry: Develop Your Own Franchise Business
- What qualifications do you need to start an automotive business?
Alice Tuffery, Point Franchise ©