The Best Automotive Franchise Opportunities in the USA
The automotive industry has long been an attractive category for aspiring franchise owners. There are nearly as many different types of automotive franchises as there are services and offerings for cars, such as maintenance, repairs, or car rentals. And regardless of the economy or gas prices,the number of automotive franchises is expected to grow due to rising car ownership in developing countries, new car sales, and maintenance and repair of older cars that continue to roam the world's expanding roadways.
The best automotive franchises offer franchisees the strength of an established brand name and reputation in addition to opportunities for growth. If you have an interest in cars and are interested in running your own business, an automotive franchise may be an ideal decision. For the best automotive franchises, check FranchiseHelp's ranking of the best car franchises available.
Automotive Franchise Opportunities in the USA
What types of automotive franchises opportunities are available for USA based entrepreneurs to own today? And what are the leading automotive franchises? Below we've assembled a description of the various types of automotive franchises a prospective franchisee might consider, as well as an analysis of the top automotive franchises overall according to SBA loan default rate data.
Types of Automotive Franchises for Sale
There are many different types of automotive franchises available, and each has its own capital requirements. The average cost of an automotive franchise varies by type, but you can buy an automotive franchise for as little as $5,000 (auto detail) or as much as $750,000 (car rental). Some franchises combine different auto services in one center, so many automotive businesses may overlap categories. Click on each automotive business type to learn more about the automotive business, franchisors, cost of start-up, and fees to figure out the best automotive franchises for you.
- Auto Detail Franchise Opportunities For Sale
- Automotive Repair Franchise Opportunities For Sale
- Car Rental Franchise Opportunities For Sale
- Car Wash Franchise Opportunities For Sale
- Gas Station Franchise Opportunities For Sale
- Oil Change Franchise Opportunities For Sale
- Transmission Franchise Opportunities For Sale
The Top 5 Automotive Franchises
These are the top 5 automotive franchises based on the 2011 SBA franchise loan default rate list. Top-ranking Goodyear Tire had 0.0% failure rate, while Jiffy Lube and Car-X are tied with a 10.0% failure rate. The best automotive franchises for you depend on your needs and franchisor requirements, so research each automotive business opportunity thoroughly. All of these franchises have plans to expand and grow franchisees, so click on each to find out more information.
- Goodyear Tire
- Valvoline Instant Oil Change
- Kwik Kar Oil & Lube
- Jiffy Lube (tie)
- Car-X Muffler Shop (tie)
Due Diligence for a Franchisee
So you’ve decided that you want to buy a franchise - great! You’re one step closer to owning your own business. Then, of course, the next step will be to do your franchise due diligence. We talk all about due diligence here.
The Ideal Franchisee - The Franchisor Point of View
While every franchise has its own concept of the "perfect franchisee," there are some basic characteristics that nearly all franchisors look for during the franchise application process. Below is a list of some of the most commonly sought attributes:
Breaking Down Royalty Fees
When people think of the costs of opening a franchise they typically just think about the franchise fee. That makes sense, seeing as the franchise fee is typically a substantial cost, ranging from a few thousand to a few hundred thousand dollars. But, this isn't the only payment a franchisee needs to make to the franchisor. Once operations start a franchisee typically needs to pay some form of ongoing royalties to the franchisor.
