How to Open a Tyre Shop Franchise: The Best Franchise Opportunities

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How to Open a Tyre Shop Franchise

With car production triumphing at 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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What is the state of the tyres shop market in the 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.

Tyre shop franchises

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 and 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 tyre shops

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 has continuously been a front-runner in the market until this day. The firm sets itself apart from its competitors in the way that all of its work is executed through their van network. The vans are 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 percent 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 it is 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 percent of start-up costs.

Hometyre

Hometyre is a pioneer in the mobile tyre replacement industry that works 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 Hometyre 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.

Point Franchise automotive franchise opportunities

If youre eager to enter the automotive industry, you might be interested in another one of our opportunities in a different sector. As well as tyre franchise opportunities, you might choose to start a business in one of the following areas: car dealership, car leasing, car rental, car wash, car repair, selling car cleaning products etc.

Now we explore two more franchises currently looking to expand their UK franchise network with Point Franchise. For an even more expansive list of opportunities, click here.

ChipsAway

This innovative franchise pioneered the SMART (Small to Medium Area Repair Technology) repair process. These repairs are more convenient and quicker to complete than traditional methods, as well as being amazing value. Being a full member of the British Franchise Association (BFA), ChipsAway offers exceptional training and ongoing support.

ChipsAway provides entrepreneurs with an opportunity be their own boss with a successful turn-key franchise that will see them receive a minimum of £80,000 worth of customer enquires in their first year.

A typical day as a ChipsAway franchisee includes visiting your customers in your fully-fitted mobile workshop and providing high-quality repairs to damage such as bumper scruffs, paintwork scratches and minor dents for a great value. As the business plan is so flexible, there is scope to take the franchise to the next level and operate from a Car Care Centre.

When you become a franchisee, you can look forward to attending annual conferences and regional meetings where you can share experiences with other franchisees. There is also a strong support network that provides technical advice with all aspects of the business.

The minimum investment to own your own ChipsAway franchise is £15,000 and the total investment is around £30,000.

Optic-Kleer

This is one franchise opportunity that might not have sprung to mind straight away. Optic-Kleer is the largest windscreen repair company in the UK. Its been in business since the early 1990s and has earned itself a sterling reputation. It sets up shop in supermarkets and DIY hardware stores up and down the UK. The business model is so successful because the repairs typically take around 20 minutes to complete and this is the average time it takes to complete a shop.

Franchisees will benefit from an initial training programme that takes place at the head office. After this, you will be mentored by one of the experienced technicians, so you are completely confident running the business. Even when youre up and running, Optic-Kleer will support you with sales, marketing, business development etc.

To become an Optic-Kleer franchisee, you will need to make a minimum investment of £15,000.

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