Why, you may ask? The automotive repair industry is huge business and is growing. Consumers spend an average of nearly $1000 on vehicle maintenance annually. Recession equals opportunity, and it’s especially true in the automotive repair industry. Consumers continue to keep their cars and trucks on the road longer, so it stands to reason that as they age, they need more maintenance. In 2003, the average age of vehicles on the road reached 8.5 years old. By 2008, it was 9.5 years and in 2012, it’s increased to 10.5 years. Choosing to partner with an automotive franchise that seeks to address the needs of thrifty car owners, especially in a recession-type atmosphere, can be an investment well worth your time, investment, and effort.
As a franchise seeker, you also have the luxury of choosing among several specialized types of automotive franchise businesses, such as transmission, oil change and maintenance, glass repair, collision, paint, and car washes, to name a few.
You may say “I’m not at all mechanically inclined and know zero about the automotive business.” Well, that concern is completely addressed by the superb ongoing support and repetitive training that is provided by the better automotive franchises. You’re shown exactly how to operate a successful, profitable franchise business beginning from your first day as an automotive franchisee.
Consider this. Auto franchise owners come from quite the wide array of backgrounds, such as insurance agents, pastors, business brokers, welders, engineers, teachers, etc. Most knew practically nothing about how to run a profitable automotive franchise.
Which type of auto franchise is best for you? There are several considerations here, such as the number and types of similar franchises that are nearby, your ability to expand your business if you choose to do so, the overall reputation of the franchisor and how long they have been in business, and the amount and quality of training and support that you will receive.
In addition, brand recognition is absolutely vital to the success of an automotive franchise. Savvy consumers look for businesses that have a top-notch reputation that they can trust with their vehicles. Names that are unique and memorable, with a history of innovative advertising and marketing.
Be sure to do your due diligence as you take the first crucial steps in acquiring an automotive franchise business. As every successful entrepreneur knows, your initial research is vital to owning a thriving business. Identifying the right type of franchise business can be very challenging and time-consuming. I’m happy to do the heavy lifting for you by sorting through the hundreds of franchise businesses and helping you identify and attain the best one for you.
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Cory Barber is a professional franchise consultant affiliated with the world’s top franchise broker network. His free, confidential consulting services help guide you through the entire process of purchasing a franchise based on your background, skillset, lifestyle, and financial goals. For more information about his free Franchise Consulting Service, please visit: The Franchising Authority or contact Cory at his office: 877-271-4305 or via email: email@example.com
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