Franchimp Summary Rating
Lower than 5% of peers
Franchise Summary
Description
This Disclosure Document is for the offer of a franchise for the conversion of an existing retail tire sales and service store to a TIRE PROS Center.
Company Background
Tire Pros is a franchise opportunity for entrepreneurs looking to enter the tire industry. They offer a turnkey business model, including training and support from corporate headquarters, as well as a nationwide network of experienced dealerships. Tire Pros offers an innovative alternative to traditional franchised automotive service centers by providing customers with affordable tires.
Franchise Opportunity
Opening a new tire sales and service store can be expensive and time consuming. The average startup cost for a new tire sales and service store is $450,000. This includes the purchase of land, building construction or renovation, equipment, inventory, and marketing. Not to mention the time it takes to find a location, negotiate a lease, get permits, and hire employees. Tire Pros offers an easier way to open a new tire sales and service store. Our turnkey franchise package includes everything you need to get started including training, site selection assistance, lease negotiation help, permitting guidance, inventory management tools, and marketing support. With Tire Pros you can focus on what you do best - selling tires!
Corporate Structure
Tire Pros Francorp. are a California corporation organized on June 16, 1988. They are a wholly-owned subsidiary of Am-Pac Tire Dist. Inc. Their principal business address 12200 Herbert Wayne Court, Suite 150, P.O. Box 1251, Huntersville, North Carolina 28070.
Royalties and Marketing Fees
Royalties : Currently $695 per month for the first Center
Royalties : Currently $100 per month
Royalties : Mutually agreed amount, but not less than $250 per month
Franchise Types Available
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Employee Contact Database
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Distribution of Tire Pros Franchisees
Tire Pros Franchise System Development in 2021
FAQ
How much investment do I need to start my own Tire Pros business?
Franchisees typically require at least $11 to $136 investment to get their Tire Pros business started
What are the initial franchise fees for Tire Pros?
Franchisees typically need to pay at least $7 in fees directly to Tire Pros in order to earn the right to launch their business
How much money can I make with a Tire Pros franchise? What are
the average revenues for a typical Tire Pros business?
We haven’t done the math on how much revenue a typical
Tire Pros brings in each year. We estimate that other
franchisees in the Auto & Travel industry generate
$1,267,503 revenue, so we would expect
Tire Pros to generate a similar amount
How long do I need to commit to running a Tire Pros unit? What
is my contractual commitment?
The standard length for an initial franchise contract is 10 years. Renewals are
also generally 10 years
Accessibility
The Franchisor's investment costs ranges from
$11,995 to $136,745
which is
Much Lower
than the $0 to $0 average in the Automotive industry
What determines the investment cost?
Item 7 of the Franchise Disclosure Document lays out the full list of initial investment costs, including the fee payable to the franchisor, security deposits, equipment, professional fees etc
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