Tyres are possibly the least-sexy of all the car parts, but don't let that put you off! Tyre franchises are one of the most lucrative motor-vehicle related businesses in the UK.
The motor industry is worth around £82 billion, and a tasty slice of that goes to tyre businesses.
There are over 36 million motor vehicles in regular use in the UK, and every single one of those will require a tyre change at some point. Whether the owner experiences a puncture or the tread falls below the legal limit, there's a legal obligation to keep your tyres in good condition.
Tyres aren't just a matter of complying with the law, however. New tyres help a vehicle handle the road more efficiently; with benefits for fuel consumption.
Many tyre franchises offer a range of services including the removal of old tyres and the replacement with new. Additionally, many tyre franchises offer track alignment and tyre cleaning, ensuring that their customer's tyres last the distance.
Franchising
Franchising provides an excellent opportunity for anyone thinking about going into business for themselves.
One of the most complicated things about being in business is compliance with company- and tax regulations - not to mention the employee guidelines and the business administration. So, if you've never run a business before, franchising is a popular choice because you receive world-class training and ongoing support from the parent company.
When you take on a tyre franchise, you inherit a reputation for quality and excellent customer service, helping you hit the ground running with your new business.
You also get to adopt recognisable business branding that adds considerable curb appeal to your premises, allowing your future customers to choose your services over your competitors because they already know you.
Facts About Tyre Franchises
It’s recommended to have your tyres checked by a tyre professional if they have been on the road for five years or longer.
You can tell the age of a tyre by the DOT code printed on its sidewall. The DOT code is a four-figure code that tells you the week and the year the tyre was manufactured. For example, your DOT code might be 1616: meaning that the tyre was manufactured in the 16th week of 2016.
The legal tread-depth of a car tyre in the UK is a minimum of 1.6mm. Driving below the legal limit could result in a fine of up to £2500, so it's something that should never be ignored. This is excellent news for tyre franchises because it means you have a continuous stream of new and returning customers.
The grooves of the tread provide grip, allowing you to manoeuvre and brake safely while on the road. As the tread diminishes over time, the tyre's performance decreases, resulting in less road control and longer stopping distances. This could cause incredibly dangerous conditions should you need to make an emergency stop, making tyre franchises an essential service.
Franchising Vs Independent
Independent businesses are notoriously risky concerns. It takes time and effort to establish a reputation, during which time, many independent companies fail to break even.
Franchise businesses, on the other hand, are considered to be a safer start-up proposition. With the ongoing support from the parent company, franchisees benefit from a ready-made reputation, an existing client base, and a ready-to-go supply chain.
These features make franchises a more attractive proposition for moneylenders. Banks tend to favour the franchise model because the business is built on proven infrastructure, providing sustainability, a history of profit and growth, and a robust support network.
Independent businesses are less likely to attract the favourable interest rates that franchises draw. In fact, almost 50% of all independent companies go into receivership within three years of starting up.
Franchises are forged from proven business models, providing a more solid start to anyone hoping to go into business for themselves.
Tyre Franchises
Explore our range of excellent tyre franchises, and get on the road to success.
Find your brand new start with Franchise Direct.