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.
Negotiating the Franchise Agreement
Now that we’ve discussed the franchisor’s point of view and arguments towards negotiating the franchise agreement, here are a couple of tips for not wasting time on trying to negotiate items which franchisors do not alter and concentrating on the change-able clauses in the Franchise Agreement.
10 Business Opportunities for Under $25K
Here’s just a snapshot of a few of those options that are available.
Financing the Acquisition
Financing the acquisition of a franchise is not a slight affair, as with the legal fees, the initial fee, allocation for resource acquisition and various other expenses the cost raises significantly. Therefore financing often becomes mandatory in that situation. Mostly people concentrate on third party financing where they seek out investors and other debt or equity lenders for their financial needs. However, two of the most overlooked options are: