Big O Tires Franchise
Tuesday, April 27, 2010 at 11:20PM Auto repair center specializing in tire services
A small group of tire dealers came together in 1962 and started Big O Tires, a franchise that is now based in Englewood, Colorado. Each Big O center offers a variety of auto repair services, including brake, alignment and front-end repair, as well as tire and ride control products.
Big O Tires has centers across the United States and in British Columbia, Canada.
Start-up Costs & Franchises Fees
What is the total cost to open a Big O Tires Franchises?
Total Cost: $275,800-$843,300
Total Franchise Fees: $30,000 USD
Ongoing Royalty Fees: 2%
Ongoing Advertising Fees: Not Available
Term of Agreement: 10 years
Franchise Agreement Renewal Fee: $1.5K
Contact Information for Big O Tires
|
Big O Tires Inc. |
Toll Free: (800)622-2446 |
Big O Tires In the Press
No results at this time.Historical Expansion
In what year did Big O Tires begin operations? 1962
When did Big O Tires begin selling franchises? 1962
Year United States Canada International Corporate 2005 570 35 0 0 2004 568 35 0 0 2003 558 35 0 0 2002 530 35 0 0 2001 486 1 0 0
Franchise Financing Information
Cost In House Financing Available? 3rd Party Financing Available? Franchise Fee No No Initial Start-up Capital No Yes Plant, Property, and Equipment No Yes Inventory No Yes Accounts Receivable No No Payroll No No 3rd Party Financing Available? Financing Source(s): the SBA & other commercial lenders
Training & Support
Support
In the Pressletter, Meetings, Grand opening support, Internet referrals, Safety and Security procedures, Field support and site evaluation, Purchasing cooperatives
Marketing
Cooperative advertising, Ad slicks, National media, Regional advertising support
Franchise Operation Restrictions
20% of all franchise business owners own more than one franchise location.Number of employees needed to run franchised unit: 8
Absentee ownership of franchise is allowed. (95% of current franchise business owners are owner/operators)
Qualifications & Business Experience
Business Experience:
Strong management skills
Franchise Analyzer Professional's Inside Information
Can you buy this franchise for no money down? YesPlease note: You must download a free copy of Franchise Analyzer Professional to receive these benefits and so much more. Click here to download your FREE copy now.
What key terms in the franchise agreement can be negotiated? Cross-default provisions, arbitration clause, personal guarantee, default cure periods, non-compete agreement, favorable valuations for corporate buyout
Can you negotiate lower royalties during start-up? Yes
Can you purchase multiple franchises for a discounted franchise fee? Yes
Can you receive lower advertising fees? Yes
Will I know when the franchise break even? Yes
Will my personal assets including my home be safe in case my franchise business fails? Yes