Big O Tires Franchise In USA Cost, Profit, How to Apply, Requirement, Investment, Review | SkillsAndTech
While the global sales of automobiles went down in 2020, the industry itself has many opportunities. In the US alone, there are an estimated 278.6 million vehicles. Thus, opening a business related to automobiles is always a good idea. Instead of starting from scratch, we recommend franchising a business from an already established company. Big O Tires is one of the best ones in the market today. Let’s now talk about the requirements and the Big O Tires Franchise cost.
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Table of Contents
Big O Tires Franchise Wiki
Big O Tires started its operations in 1962 when a group of tire dealers came together during the time that automobiles dominated the US market. The company is headquartered in Palm Beach Gardens, Florida, and has become one of North America’s largest retail tire franchisors. The franchisor is Big O Tires, LLC, where the franchisees could operate retail stores offering tires and other related products.
Currently, they offer two franchise models, the Product Distribution Franchises and Business Format Franchises.
Big O Tires Franchise Benefits
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This is highly confidential information. Because this company had not disclosed it. You can only know about this after applying for the franchise. All this will be discussed when the basic criteria are met and fulfilled. You can know the procedure as follows.
Big O Tires Franchise Financial Assistance
The franchisor may offer financing programs to its franchisees. The options and terms could be affected by several factors, including the creditworthiness of the franchisee, accounting rules, and availability of funds. The Big O Tires franchisees can also fast track their Small Business Administration loan process via the Franchise Registry Program.
Big O Tires Franchise Cost
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| Name of Fee | Low | High |
|---|---|---|
| Initial Franchise Fee | $10,000 | $35,000 |
| Initial Training – Fees, Travel & Lodging Expenses | $1,000 | $7,800 |
| Real Estate Leases (One to Three Months’ Rent Plus Security Deposit) | $24,000 | $68,000 |
| Equipment, Fixtures and Other Fixed Assets | $100,000 | $235,000 |
| Construction, Remodeling, Leasehold improvements and Decorating Costs | $25,000 | $350,000 |
| Signs | $10,000 | $50,000 |
| Grand Opening Advertising | $10,000 | $50,000 |
| Initial Inventory | $55,000 | $125,000 |
| Insurance and Other Security (3 months) | $3,000 | $5,500 |
| Computer Hardware and Software | $18,000 | $27,000 |
| Non-Recurring Pre-opening Costs | $5,000 | $35,000 |
| Additional Funds (up to 12 months) | $50,000 | $150,000 |
| ESTIMATED TOTAL* | $311,000 | $1,138,300 |
Big O Tires Franchise Training
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You will be asked to go through the company’s New Franchise Orientation. This ensures that you understand what the company is and why you should franchise Big O Tires.
The franchisor provides the franchisees an online learning management system, TBC University, where you can enjoy 400 cataloged courses. There is an initial online training program and also a facilitated program. Their training could be held virtually or at any location as required by the franchisor.
The field training and operations certification will be conducted at the Big O Tires Store designated by the franchisor. The duration of the initial training depends on how the franchisor sees the need for it. Generally, it should be one or two days of online training, two weeks of facilitated training, and two weeks each for required and optional field training.
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Every year, the franchisor runs national conventions, and the franchisees should attend the first national convention after opening their business.
Big O Tires Franchise Territory
The franchisee can operate one Big O Tires store at a single location. For every 50,000 residents in an area, only one Big O Tires store should be established. Thus, the franchisor will not operate nor grant a franchise to other people.
Big O Tires Franchise Obligations
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The Big O Tires store should be managed by the operator or a manager appointed by the franchisee. The franchisor will approve the assigned manager first.
The franchisee and the manager should complete and satisfy all the training programs provided by the franchisor. And of course, the franchisee must agree and comply with all set standards, policies, and regulations set by the franchisor.
Big O Tires Franchise Term of Agreement
The initial franchise term is for ten years. This can be renewed for another ten years if all the requirements are met. A shorter-term could be offered at the franchisor’s discretion.
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Big O Tires Franchise Requirements
This is highly confidential information. Because this company had not disclosed it. You can only know about this after applying for the franchise. All this will be discussed when the basic criteria are met and fulfilled. You can know the procedure as follows.
Big O Tires Franchise Profit
Franchise revenue depends on a wide range of factors, as does profit. How much money you can make from any franchise depends on a number of specific factors such as franchise location, labor costs, commercial lease rates and a number of other factors.
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How to Apply For Big O Tires Franchise
To get the franchise first you have to fill the form. Then the company officials will contact you for further details. After that you you can open this franchise.
Big O Tires Franchise Contact details
Website
FAQ
Is it profitable or not?
Ans: It is fast moving products, so there is fewer margins but your sale is too high. So, obviously you can make more profit from this business.
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What is The Difference Between Franchisor vs. Franchisee
Click Here to know about it.
What Is The Difference Between Franchise Vs. Sole Proprietorship
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Conclusion
So far we have shared the basics for this franchise. It is the most profitable franchise. You will never doubt your decision to start this franchise. Go ahead and achieve your goal. If you find more information please feel free to share with us. Share your thoughts and we will definitely contact you with new franchise and opportunities. Stay Tuned for more franchise. Thank you
Disclaimer: The information given in this article like investment may vary from place to place, so we are not sure about the investment part.
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