At the discretion of Big O Tires, the company may agree for a shorter period.īig O Tires Franchise Obligation and Restrictionīig O stores will only be operated by a person employed by the franchisee but trained and certified by Big O tires.Īny operator or manager to be employed has to complete all required training programs to the satisfaction of the franchisor.Īlso, Big O tires have the exclusive right to approve or disapprove the original and later managers or operators. The initial franchise is for 10 years which is renewable for an additional ten years if the predetermined requirements are met. The person will be provided with field training and certification at a Big O tires store.īig O Tires Franchise Application and Terms of Agreement This is a minimum of 4% of monthly gross sales.īig O Tires Franchise Training and Assistanceīig O Tires will be responsible for training one person employed by the franchisee on the operation of the Big O tires store online and at a designated Big O store location. Local fund for Advertising and Related Expenditures This is about 0.9% of monthly gross sales. National Anti-Service Warranty and Roadside Assistance Plan You are required to pay a royalty of 2% on monthly gross sales.
It is also required to reimburse Big O tires for any tax paid on this fee apart from income tax.
This net worth is not inclusive of liabilities.Ī minimum liquid capital of $100,000 is required to own a Big O tires franchise.Īn initial franchise fee of $30,000 maximum is required. To become a franchisee of Big O tires, you need to worth a minimum of $300,000. However, you need to review this estimate with a business advisor before taking a final decision. This is an estimate made by Big O tires based on experience. This initial investment is inclusive of the initial franchise fee, initial training fees, travel and lodging expenses, real estate leases, equipment, fixtures and other fixed assets, grand opening advertising, initial inventory and many more. Such services include brakes service battery, belt, and wiper blade replacement, changing of oil and filter, lamp replacement and many more.īig O Tires Franchise Financial Requirementsįrom statistics, if you are interested in owning a Big O tires franchise, you are expected to make an initial investment ranging from $259,200 to $1,181,628. Having a Big O franchise adds more value to your business as Big O tires offer some other services apart from sales of tires.Converting your business to a Big O tires franchise significantly increases your customer base.Therefore if you are facing tough times as an independent tire dealer due to competition from other brands, converting your business to Big O tires franchise may just be your sure bet to staying competitive. In addition to that, you can take advantage of Big O tires wide access to more products.
Owning a Big O franchise means you have the opportunity of purchasing tires at relatively low prices.
However, if you already own an independent tire business and you want to take your business to the next level and increase your share of the market here are some reasons why you should consider converting your business into a Big O franchise: It might be a great challenge establishing an independent tire business because one may get easily squeezed out of the market the already established large brands or may make growth very difficult. Today, it has over 380 branches in the United States of America. In a very short time, Big O tires became one of the largest tire franchises in North America. Changing of transmission fluid and so onīig O has become a household name in tires and related services because of the hard work of its founding fathers in providing high-quality products at lower prices, polite approach to customers thereby creating a smooth relationship, honoring its social responsibilities to communities and continual improvement of procedures to maintain and grow profit.īig O tires have been franchising since 1982.Battery, taillight and headlight replacement.Majorly into tire sales, Big O tires offer a whole lot of other services which include: Big O tires are headquartered at Palm Beach Gardens, Florida, North America.
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