5 Things to Consider When Starting Your Automotive Care Franchise

With so many drivers on the road and cars to maintain, now is the time to take advantage of auto franchise opportunities. Before jumping right in, however, it’s good to review the basics to ensure you have everything you need to create success. As an auto entrepreneur starting a new franchise, you’ll need to factor in the following to your business plan:

auto franchise opportunities

Type of Business

First things first. What type of auto care franchise do you want to run? The possibilities are numerous: car wash, oil change, auto glass, auto repair, transmission services, and more! Choose what fits your experience and interests while keeping an eye on the local market. Whichever you decide, your franchise will likely provide comprehensive training, so don’t worry about being an expert.

Location

Check your city’s zoning laws to learn about restrictions on where you can establish your business. Depending on the type of auto care franchise you chose, you may be limited to operating in commercial zones. Luckily most franchises help their franchisees with choosing a location and negotiating a lease agreement. Talk to your franchise to learn more about this process, as it may be a further limiting factor.

Funding

Raising the funds for a new franchise location is no easy task. Some can afford to invest their own capital, while most lean on loans from family, friends, and commercial banks. The Small Business Association is a good resource for information on funding, and a local chapter may assist you throughout the process.

Costs

Of course starting a business isn’t cheap, but you don’t have to go in blind with an overflowing wallet. Many franchises such as Meineke list their startup costs on their website, so take advantage of this! Write this list of expenditures down, and make sure it’s reflected in your budget. The last thing you want is to blow all your funding on location, contractors, and employees before you even have a chance to get started.

Insurance, Licenses, and Permits

Worker liability and proper documentation should top your list of priorities if you’re opening a car repair shop. Get the appropriate insurance for your type of franchise. While you’re at it, nail down all required licenses and permits for your business. The paperwork will be a headache at first, but you’ll appreciate the effort later when you’re busy making money and not fighting lawyers.

Starting an auto care franchise is exciting! There’s so much to do and so much possibility at your fingertips. As long as you follow the steps diligently and communicate well with your chosen franchise, you’ll likely have a rewarding career ahead of you.