Car franchises can really rev up your income. After all, Americans spend billions of dollars on auto products and services each year. Car franchise opportunities allow you to tap into this ever-growing market with a proven business model and a wealth of resources to help get your business into high gear quickly.
Car franchise opportunities span a wide variety of fields within the auto industry, and you don’t need to be a grease monkey to get in on the action. In fact, many car franchises don’t require you to have any specialized training.
Car franchise opportunities you may want to consider include:
- Car wash franchises.
- Car rental franchises.
- Auto part franchises.
- Auto repair franchises.
- Low-cost car franchises.
- Existing car franchises.
Car wash franchisesMore than half of all Americans have their cars professionally washed on a regular basis. That's good news for owners of car wash franchises. Car wash franchises aren't cheap with start-up costs for full-service and self-service car washes running approximately $500,000 to more than $2 million. Mobile operations are usually less expensive.
Car rental franchisesYou may be surprised to learn that there are still car franchise opportunities in the car rental industry.
Auto part franchisesBatteries, tires, tools - auto parts are big business. With auto part franchises, you can get in on this billion-dollar industry.
Auto maintenance and auto repair franchisesMany auto repair franchises specialize in a certain type of repair, such as oil changes, transmission repairs, muffler repair or wheel repair.
Low-cost car franchisesSome car franchise opportunities require a hefty investment, but low-cost car franchises are available, too.
Buy existing car franchisesBuying a turnkey operation, such as an existing car franchise, can get your business up and running quickly.
- Consider how much ongoing support and training is offered by car franchises.
- Mobile car franchise opportunities often have a lower initial investment than permanent locations.
- A car franchise that offers customers self-service options may be attractive to you if you plan to run your franchise as a side business.
- Look for car franchises that have a proven track record.
- Any car franchise you purchase will likely require you to pay a royalty to the franchisor based on your revenue - usually in the 3 to 7 percent range.