how to open a tire repair shop

by German Mraz Published 3 years ago Updated 2 years ago

^{How to Start a Tire Shop}

Craft a Business Plan. Many entrepreneurs open tire shops without really knowing what to expect. Soon after, they wonder what went wrong.
Choose a Business Model. There is more than one way to run a tire shop. ...
Comply With the Law. Each state has its own legal requirements for tire shops. ...
Secure Financing for Your Business. After your business is formed, it's time to search for investors or apply for a loan. ...
Start a Tire Business Today. When your tire shop is up and running, let customers know about it. Set up a Facebook business page and share updates every few days.

Is it safe to open a tire repair shop?

If you want to open a tire repair shop, you’re thinking the right way. Business is always risky, but if you want to run your own business, there are fewer industries that are as “safe” as the tire repair business. The safety and surety of the investment into a tire repair shop is due, largely, to its massive customer base.

How to start a tire repair franchise?

To deal with location, you must first look at the macro and then micro level. Presuming you’re not looking to move to open your tire repair shop, you need to figure out which franchisors are looking to sell tire repair franchises in your city/area. Then, you should find one of those franchisors to work with you on finding the exact location.

What do you need to start a used Tires shop?

A used tires shop business is generally run out of a “garage,” a retail location uniquely equipped to store and repair cars. Businesses operating out of a physical location typically require a Certificate of Occupancy (CO).

Should your business add tire installation and repair as a service?

As the number vehicles on America’s roads increases each year, opportunities to serve this customer base grow as well. Automotive repair shops may also consider expanding their business by adding tire installation and repair as a service to their customers.

Is owning a tire shop profitable?

How much can you make owning a tire shop? The amount a tire repair shop brings in can vary widely. However, a moderately sized shop with a few employees and service bays can bring in between $36,000 and $60,000 per month. That could lead to monthly profits of $20,000 or more.

How do I start a successful tire shop?

7:178:32HOW TO RUN A SUCCESSFUL WHEEL & TIRE SHOP ... - YouTubeYouTubeStart of suggested clipEnd of suggested clipGet making sales out of your brain you do not want to sell a wheel and tire to a customer. You wantMoreGet making sales out of your brain you do not want to sell a wheel and tire to a customer. You want to sell a customer happiness you want to sell customers confidence. And you.

Can you make money with a tire machine?

With a wheel balancing and tire changing service one family vehicle can make you about $150 per year which may not seem like a lot but multiply that times the 8,000 potential families living in your town for a task that takes your technician 45-60 mins to complete.

What is the average markup on tires?

The normal markup on auto parts is in the 30 to 40 per cent range, but tire sales are so competitive, very few garages ever attempt to earn this type of profit.

How can I be a good tire salesman?

1:1614:43Tire Selling Skills - Part 1 - YouTubeYouTubeStart of suggested clipEnd of suggested clipRight eight out of ten go there first it is the most sought-after.MoreRight eight out of ten go there first it is the most sought-after.

How do you organize a tire warehouse?

1 of tire storage is to always use high-quality, reliable industrial racking systems to keep vulnerable materials out of harm's way.Do: Clean Tires Beforehand. ... Do: Store in a Cool, Dry Place. ... Do: Make Minor Repairs. ... Do: Label Sensibly. ... Don't: Stack Them Directly on the Floor. ... Don't: Store Them in Direct Sunlight.More items...

What size air compressor do I need to run a tire machine?

For filling car tires, you will only need to run them up to the 32 PSI for most passenger cars, or maybe 35 PSI on a cold day. A portable 1 or 2 CFM compressor, at 90 PSI, should serve you well for filling car tires. If you need to run a tire changing machine, though, then you will need 4 CFM or so.

Are major tire machines any good?

I have seven different locations that I use major tire machines ,their service is fantastic ,they're always available for parts. Their machines are great and reliable at a decent price. Highly recommend to anyone, especially to anyone with multiple locations.

What should I look for in a tire changer?

For a tire changer to work properly, the tire/wheel size has to be smaller than the maximum extendable range of the turntable. Make sure the turntable extends to the right diameter, and know whether you will be externally or internally clamping your wheel. It makes a big difference.

How do you price tires?

Make sure that you price your tires according to the tread depth. In general, the more tread the higher the price. For instance, of the tire has about half of its tread left price it at approximately 50% the price of a new tire.

What is the average profit margin for auto repair?

For the automotive repair industry, the average profit margin is between 20-28% for parts and 50-65% for labor. In order to maximize your profit margins, you either need to increase your revenue or decrease your costs.

What is the profit margin on Tyres in India?

Profit Margin in tyre business One can expect a profit margin of around 10% in tyre business.

How much investment is required to open a tyre shop?

Invest required for tyre business You require an investment of around 5 lakh rupees to start a two wheeler and four wheeler vehicle tyre shop in India. The ongoing expenses are labor salary, utility bills, shop rent and adding stock.

How can I start a tire shop business in India?

Legal compliance Required to Start Tyre Shop After company formation, you will need to have a Trade License from the Local Authority. Obtain GST registration as soon as possible. You can also start the tyre store business by having Authorized Distributorship of any renowned tyre manufacturing brand.

How many tire balancers are needed for a small store?

For most small to medium volume stores, one tire machine and one tire balancer should be sufficient. Next, vehicle lifting equipment is considered. A two post lift, can handle most passenger vehicles and is recommended for tire service as well as other automotive service needs.

What equipment is needed to mount and demount tires?

Equipment and Tools: The equipment needed to mount and demount tires safety and efficiently is a tire machine. This typically includes a fitting to inflate a newly mounted tire. As part of a good quality service operation, a tire balancing machine also required equipment. For most small to medium volume stores, ...

What is the tire industry association?

Training: in addition to any required local, state, and federal registrations and licenses, a highly regarded tire industry educational resource is the Tire Industry Association ( TIA ). The TIA offers a variety of certifications for commercial and passenger vehicle tire selection, inspection, mounting, and repairs (website reference).

How to Open a Tire Repair Shop: Step 1 – Franchise or Independent?

As a franchisee, you’re pretty much your own boss. But you still get some guidance, training, and support from a franchisor.

How to Open a Tire Repair Shop: Step 2 – Location, location, location

How to Open a Tire Repair Shop: Step 3 – Who are your Customers?

The tire repair business is buoyed by the fact that its customer base covers everybody who drives. But such a massive customer base can make it difficult to profile your customers and figure out the specificities of what they want. But that doesn’t mean you shouldn’t try.

How to Open a Tire Repair Shop: Step 4 – Financing

How will you fund the opening of your tire repair shop? Do you have all the necessary capital already squirreled away? Or do you require a loan? Top tire repair franchises can work with you to secure third-party financing.

How to Open a Tire Repair Shop: Bonus Step 5 – Contact Tuffy Tire & Auto Service

Tuffy Tire& Auto Service has been running successful franchise locations for decades. Before you go any further, you should talk to us to see if we’re looking for franchisees in your area. To contact us, please click here.

How to Open a Tire Repair Shop

So, if you don’t already own a tire repair shop it might be a good idea to open one. But what’s the best way to do that? You can’t just rent a warehouse and buy a bunch of tires and hope for the best. You need a plan if you are to succeed.

How to Open a Tire Repair Franchise

Before you open or even put pen to paper there are a whole host of questions you must answer. Are you looking to open a single or multi-unit tire repair shop? Do you have the money for the franchising fee right now or do you need financing? Do you want some help securing third party franchising? Do you have a real estate location in mind?

Tuffy Tire & Auto Service

Tuffy Tire & Auto Service is committed to helping all our tire repair shops thrive. To learn more about how to open a tire repair shop, please contact us.

Do tire repair shops have a leg up?

But not all tire repair shops are equal. You need to find the right location and business model to really make things click.

Do you want a tire repair shop to be independent?

One of the first questions you must ask yourself is do you want your tire repair shop to be completely independent or do you want to own a franchise of a large company? An independent shop might be more romantic –you’re truly doing it all alone– and you’d get to keep 100% of the profits…if there are any profits. Which, frankly, there’s a good chance there won’t be. Independent shops start from so far behind franchises that it’s hard for them to be successful. Franchises benefit from an already established brand awareness and you’ll have a template for success given to you along with your investment. Plus, banks might be likelier to provide loans to entrepreneurs who want to open a franchise of a proven brand rather than going it all alone.

Qualifications

If you already know everything there is to know about tires and automobiles, great! Being a former mechanic or gear head can give you a good head start. However, you needn’t know everything about tires or autos to be able to run a successful business. Sound management and a good business model are what’s most important.

Location, Location, Location

You can’t open your tire & auto repair shop just anywhere. You’ll want to pick just the right location to maximize your chances of succeeding. Obviously, the space must be big enough for a tire & auto repair shop, don’t try to save on costs and pick a place that’s too small. You also want the right locale.

Franchise vs Independent

This is a pretty big decision you’ll have to make right at the beginning of the process. Being completely independent is the more romantic choice, but it’s not the more practical choice.

What is a used tire shop?

What is the job of installing used tires?

Selling used tires to customers. Installing used tires that customers purchase. Installing tires involves removing tires that are currently on a vehicle, and mounting and balancing the used tires that are purchased.

How many used tires are sold annually?

The used tire industry is strong and growing. According to the Rubber Manufacturers Association (RMA), between 30 and 35 million used tires are sold annually. About 10 percent of drivers have these tires on at least one vehicle.

How long is Rob's used tire warranty?

Rob’s Used Tires offers two-, four- and eight-week warranties based on tire grade.

What is the target market for used tires?

The target market of a used tire business is anyone who owns a vehicle and wants to save money. All vehicles need tires, and many drivers are willing to consider used tires because they provide an excellent value.

What are the best resources for entrepreneurs?

One of the greatest resources an entrepreneur can have is quality mentorship. As you start planning your business, connect with a free business resource near you to get the help you need. Having a support network in place to turn to during tough times is a major factor of success for new business owners.

What do business owners need?

Business owners need: A retail location. Equipment for installing tires. Used tires. A good location will have a storage space for inventory, a small retail area and a garage for working on cars. It’ll also be in a low-rent district so that overhead can be kept minimal.