Investing in an auto repair franchise can be very lucrative these days. The numbers on the latest automotive trends show the auto repair industry is well-positioned for growth in 2022. The U.S. automotive service market was valued at $63 billion in 2020, and it is expected to reach $75 billion by 2026. There are an estimated 76 million vehicles that are 16 years or older currently on American roads. Those industry studies estimate that this year alone, nearly 20% of American households will use an outside dealership auto repair service. Older cars will need upgrades, repairs, servicing and maintenance and owners will turn to the aftermarket repair industry to manage those demands.
Are There Discount Tire Franchise Options?
It stands to reason that statistics like this would encourage entrepreneurs to invest in such a healthy industry. People tend to go with what they know. That’s the pay-off for recognizable brands with a good reputation in the auto repair industry. When a brand has established itself as a household name with many locations throughout the country, investors are curious about business opportunities.
When it comes to auto franchises – and auto businesses in general – many entrepreneurs and investors think keeping it simple can be a better option. From quick oil changes to selling tires, many franchises focus on one particular avenue in the auto care industry. That is attractive to many business owners, especially those with limited auto experience. It also has a benefit of consumers knowing exactly what they’ll get when they visit.
While they may be simple, there are some drawbacks. The discount tire model, like many of those options, requires constant customer churn and more transactions to maintain a profit.
Another drawback is that one of the largest brands in the space, Discount Tire, does not actually franchise.
Why Doesn’t Discount Tire Franchise?
That curiosity has drawn many in over the years, to speculate about a possible investment in a Discount Tire franchise. The business itself was founded in Michigan by Bruce Halle. In a rags to riches tale– after business started picking up, Halle moved Discount Tire headquarters to Scottsdale, Arizona. It’s an American dream story of a self-made man who believed in fairness, good service and being good to people. The founder, who came from nothing, was at one point, named the richest man in the state of Arizona by Forbes.
Today Discount Tire has more than 1,000 retail locations and nearly 23,000 employees. But don’t go searching the internet for the Discount Tire franchise cost or any other specifics about investing in the company—it will be an exercise in futility.
The Discount Tire franchise does not exist. It is a privately held company doing $5.17 billion in sales, making it the leading independent tire retailer.
But there is an auto repair company with the brand loyalty and processes as strong as Discount Tire – one that does offer franchise opportunities for entrepreneurs – AAMCO.
Look to AAMCO as the Right Choice
AAMCO is an automotive franchise that believes in providing the highest quality parts and service to customers – known worldwide for our transmission repair and total car care. That’s why we’ve been leaders in the auto repair industry for more than 50 years, with nearly 600 locations servicing about 45 million cars in that time.
We are a legacy brand built on decades of consumer trust and loyalty as the leaders in total car care. While many brands focus on one area of the auto industry, such as tires or quick-service oil changes, AAMCO is known for handling a variety of services including some of the most complex car care needs.
AAMCO has invested significantly in ongoing education and support, staying proactive in the latest training and technology to remain the leader in complex car repair. The wave of the future includes hybrids and second-generation electric vehicles and we are well-positioned to repair these vehicles. We want to ensure that we are ready to meet the demands of modern vehicles, that’s why we created AAMCO University– our state-of-the-art training facility, offering more than 300 hours of classes for franchisees and their technicians.
The training we provide only goes to show how dedicated we are to your success as a franchisee. We prepare you for business. Being part of a reputable, iconic brand like AAMCO gives you an edge in the market. You will have a built-in customer base in your community as people know the AAMCO name provides reliable, expert automotive care.
We are actively seeking single- and multi-unit franchise owners. Interested entrepreneurs must have a minimum net worth of $250,000 and liquid assets of at least $50,000 per unit and can expect a total investment between $223,600-330,500 depending on real estate costs. That investment range includes the $39,500 initial franchise fees.
If you are ready to be part of a lucrative automotive franchise with a reputable brand, positioned to be leaders in complex car care in the future, request info, to download our free franchise information report.