Are you into cars? Have you ever considered opening up your own shop? Fixing cars is a very popular hobby and is one of the most popular hobbies to be turned into a job. At first, you might start out in your garage helping out your friends with their automobile repairs. As that starts going better, the idea to open up your own professional shop will cross your mind.
This may seem like an impossible dream because of the cost and the time that you need to put into getting a business off of the ground. There is one way you can do it, franchising. You might be surprised at the number of franchise opportunities there are in the auto repair market. The following are four reasons you should consider it.
- Brand Recognition – Especially when it comes to their cars. people want to work with a company they know they can trust. A franchise gives you the opportunity to take advantage of a known brand instead of building something yourself. Building a reputable name can take years, costing you a lot of money on marketing in the process.
- Support – When starting your own company, it can seem like you are out in the cold. The parent company of your business has a vested interest in helping you succeed. This is why so many of them have developed a tested training protocol that is proven to work. They will help you develop a staff, marketing, and operations program that best fits the needs of your employees and your clients.
- Financing – Most new business owners need to get a loan of some kind in order to start a business. Banks are more likely to loan money to someone investing in a franchise and not someone making the more risky move that is starting a business from scratch. Proven brands are a much more attractive deal for lenders.
- Location Scouting – During the process of starting your franchise, the parent company will help you scout potential locations in your area. The years of success they’ve had that have led to them be able to franchise means they know exactly what kind of location is the best fit for what they do.
As you can see, auto franchise opportunities are a low-risk proposition compared to starting something from the ground up. This is especially true in the auto repair industry where the start-up costs are very low compared to the average cash flow at each location.