The franchise offered is for the operation of MICHELIN® COMMERCIAL SERVICE NETWORK™ service centers to provide professional truck fleet services.
Company Background
Michelin Retread Technologies is a franchise offering for a Michelin retread shop that will provide high-quality truck tire retreading services. The company offers the opportunity to own and operate its own business, with an exclusive territory.
Franchise Opportunity
Truck drivers are always looking for ways to save money, and that often means getting multiple retreads on their tires. A lot of truck drivers are hesitant to get retreads because they don't know if the work will be done right or if it will even last. MICHELIN RETREAD TECHNOLOGIES is the answer. We have over 100 years of experience in the tire retreading industry, and we use only the best materials and technology available. Our shops are staffed by experienced professionals who know how to get the most life out of your tires.
Corporate Structure
Michelin Retread Technologies, Inc. is a Delaware corporation which was formed on June 12, 1997. Their principal business address is 632 Inglesby Parkway, Duncan, South Carolina 29334-9607. They began offering Service Center franchises in July 2010.
Earnings Transparency
1 /10
This Franchise discloses much less information about the financial performance of their franchisees compared to other franchises in the same industry
Why do some franchises disclose more than others?
There are many reasons why a brand may choose to not include item 19 on their FDD: they could be a newer franchise, they may be in a unique industry that is not super profitable or well-known yet
Franchisee Attrition
10 /10
This franchise's rate of attrition in 2023
of 0.00%
was
Lower
than the 9% in the Automotive industry. Generally speaking, a higher rate of attrition represents a less stable franchise system and a lower rate of attrition indicates a more successful system
What's Included in franchise attrition?
We define the franchisee attrition rate as the sum of terminations, re-acquisitions by
franchisor, non-renewals, and ceased operations, divided by the number of outlest at the start of the year.
It is a strong indicator of the strength of the underlying operating model
Franchise Types Available
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Type
Investment
Fees
Management Team
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Name
Position
Franchise Disclosure Documents
FDD
Effective Date
Distribution of Michelin Commercial Service Network Franchisees
Michelin Commercial Service Network Franchise System Development in 2021
FAQ
How much investment do I need to start my own Michelin Commercial Service Network business?
Franchisees typically require at least
$189,000 to
$4,252,500 investment to get their
Michelin Commercial Service Network business started
What are the initial franchise fees for Michelin Commercial Service Network?
Franchisees typically need to pay at least
$21,000 in fees directly to
Michelin Commercial Service Network in order to earn the right to launch their business
How much money can I make with a Michelin Commercial Service Network franchise? What are
the average revenues for a typical Michelin Commercial Service Network business?
We haven’t done the math on how much revenue a typical
Michelin Commercial Service Network brings in each year. We estimate that other
franchisees in the Auto & Travel industry generate
$0 revenue, so we would expect
Michelin Commercial Service Network to generate a similar amount
How long do I need to commit to running a Michelin Commercial Service Network unit? What
is my contractual commitment?
The standard length for an initial franchise contract is 10 years. Renewals are
also generally 10 years
Accessibility
2 /10
The Franchisor's investment costs ranges from
$189,000 to $4,252,500
which is
Much Lower
than the $541,373 to $2,403,194 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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