CASH IN ON CARS – WITH AN AUTOMOTIVE FRANCHISE
Automobile industryAuthor :
Donna Messer 
Donna Messer is a networking expert. She is the author of “Effective Networking Strategies” a Canadian Best Seller. Donna is a motivational speaker, addressing audiences on three continents. To reach Donna or get a copy of her book - www.connectuscanada.com
An automotive franchise is really a "people” business. It’s a franchise that can offer longevity in the marketplace, with ongoing multiple revenue streams, long-term growth, and big profits. Cars are the driving factor behind a successful future for entrepreneurs looking to own a franchise business.
When the new car sales market is strong, that means a lot of used trade-ins that have to be fixed up. When new car sales are down, the used market is more competitive and again your services are needed even more. Statistics show that whether new car sales are up or down, there is always a need to service used and damaged vehicles.
With the exception of the food industry, automotive franchises have more operations than any other sector; with more than 24,000 establishments that generate $11 billion in sales per year, according to a recent PricewaterhouseCoopers study.
Car franchises can really rev up your income. After all, North Americans spend billions of dollars on auto products and services each year. Car franchise opportunities allow you to tap into this ever-growing market. 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.
If you are looking for an automotive franchise business opportunity, you need to use your network to find and compare what’s out there.
Despite high gas costs and languishing sales among the big U.S. automakers, Americans remain infatuated with their cars. The auto aftermarket industry, which employs 4.6 million people, is comprised of all products and services purchased for a vehicle after the original sale, including replacement parts, accessories, lubricants, gadgets and gears and repairs, as well as the tools and equipment to do the work. Recent sales figures could spell opportunity for the aftermarket franchise industry.
If you love cars… or simply like serving people… or would welcome the challenge of managing a demanding but lucrative business, then an automotive franchise might be the right choice.
The advantages that an automotive franchise business offers:
• Staying power – cars are not a trend, but a necessity. Unlike food, fashion or entertainment fads, cars never go “out of style.”
• Local, loyal customer base – automotive service can’t be outsourced. People like to deal with a local provider close to home or where they work.
• Free advertising – your happy customers are your best marketers, and their word-of-mouth news about your services will bring in more business.
• Enthusiastic employees – most automotive technicians love cars and their work. They choose to be in that sector, unlike workers who just show up for a paycheck.
• Lot of options – there is a diverse variety of automotive franchises available to fit different lifestyle preferences and investment levels.
For anyone thinking of buying a franchise, the success of the venture depends heavily on choosing the business best suited to your financial situation and goals. You have to consider your personal interests, stamina, and commitment levels.
Ask yourself the following questions:
• Do you want to directly interact with your customers?
• Do you want to be there full-time?
• Do you want to manage a workforce?
• Do you want to be a hands-on provider, alone or with just one or two employees?
• Do you want to be at a fixed location everyday, or on the road?
• Are you interested in automotive technology?
• Will you keep up with the latest developments in the field?
• Can you adhere to established systems?
• Will you “go by the book” in running your business?
For anyone eager to start their own repair service station, buying a this type of franchise lets you jump start the learning curve, all the business systems and service processes are in place from the get-go.
There are many automotive franchises that don’t require any experience in the field – all the training and tools are provided.
Automotive franchises offer a lot of flexibility as far as financing goes. Some require a substantial investment because you must secure a location, buy equipment, and hire technicians. These franchises also offer the potential for the biggest returns. Rather than working with wrenches everyday, you’ll be more of a business manager, focused on marketing, teamwork, suppliers and revenue growth.
There are also many choices for prospective franchisees that are not ready to make a six-figure commitment. Most likely a large portion of your investment in these franchises will be the mobile van used to deliver services. You’ll also be more personally involved in the business, directly interacting with your customers. If you’re successful with your initial efforts, you could wind up owning a fleet of service vans; manage a crew and never pick up a tool! Mobile automotive services are in big demand and offer tremendous growth potential because of the convenience they offer customers.
Customers are the key to the success of an automotive franchise. It is essential that you and your employees deliver high quality service, keep in contact with customers and be visible in your community. People like people who care about their products, their services, their employees and their customers. A happy and satisfied customer buys from you and refers you to everyone in need of your product or service!
When the new car sales market is strong, that means a lot of used trade-ins that have to be fixed up. When new car sales are down, the used market is more competitive and again your services are needed even more. Statistics show that whether new car sales are up or down, there is always a need to service used and damaged vehicles.
With the exception of the food industry, automotive franchises have more operations than any other sector; with more than 24,000 establishments that generate $11 billion in sales per year, according to a recent PricewaterhouseCoopers study.
Car franchises can really rev up your income. After all, North Americans spend billions of dollars on auto products and services each year. Car franchise opportunities allow you to tap into this ever-growing market. 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.
If you are looking for an automotive franchise business opportunity, you need to use your network to find and compare what’s out there.
Despite high gas costs and languishing sales among the big U.S. automakers, Americans remain infatuated with their cars. The auto aftermarket industry, which employs 4.6 million people, is comprised of all products and services purchased for a vehicle after the original sale, including replacement parts, accessories, lubricants, gadgets and gears and repairs, as well as the tools and equipment to do the work. Recent sales figures could spell opportunity for the aftermarket franchise industry.
If you love cars… or simply like serving people… or would welcome the challenge of managing a demanding but lucrative business, then an automotive franchise might be the right choice.
The advantages that an automotive franchise business offers:
• Staying power – cars are not a trend, but a necessity. Unlike food, fashion or entertainment fads, cars never go “out of style.”
• Local, loyal customer base – automotive service can’t be outsourced. People like to deal with a local provider close to home or where they work.
• Free advertising – your happy customers are your best marketers, and their word-of-mouth news about your services will bring in more business.
• Enthusiastic employees – most automotive technicians love cars and their work. They choose to be in that sector, unlike workers who just show up for a paycheck.
• Lot of options – there is a diverse variety of automotive franchises available to fit different lifestyle preferences and investment levels.
For anyone thinking of buying a franchise, the success of the venture depends heavily on choosing the business best suited to your financial situation and goals. You have to consider your personal interests, stamina, and commitment levels.
Ask yourself the following questions:
• Do you want to directly interact with your customers?
• Do you want to be there full-time?
• Do you want to manage a workforce?
• Do you want to be a hands-on provider, alone or with just one or two employees?
• Do you want to be at a fixed location everyday, or on the road?
• Are you interested in automotive technology?
• Will you keep up with the latest developments in the field?
• Can you adhere to established systems?
• Will you “go by the book” in running your business?
For anyone eager to start their own repair service station, buying a this type of franchise lets you jump start the learning curve, all the business systems and service processes are in place from the get-go.
There are many automotive franchises that don’t require any experience in the field – all the training and tools are provided.
Automotive franchises offer a lot of flexibility as far as financing goes. Some require a substantial investment because you must secure a location, buy equipment, and hire technicians. These franchises also offer the potential for the biggest returns. Rather than working with wrenches everyday, you’ll be more of a business manager, focused on marketing, teamwork, suppliers and revenue growth.
There are also many choices for prospective franchisees that are not ready to make a six-figure commitment. Most likely a large portion of your investment in these franchises will be the mobile van used to deliver services. You’ll also be more personally involved in the business, directly interacting with your customers. If you’re successful with your initial efforts, you could wind up owning a fleet of service vans; manage a crew and never pick up a tool! Mobile automotive services are in big demand and offer tremendous growth potential because of the convenience they offer customers.
Customers are the key to the success of an automotive franchise. It is essential that you and your employees deliver high quality service, keep in contact with customers and be visible in your community. People like people who care about their products, their services, their employees and their customers. A happy and satisfied customer buys from you and refers you to everyone in need of your product or service!