Do tire shops make good money?
Is owning a tire shop profitable? Tire repair shop profits depend on a number of factors, including shop size, inventory, team size, prices, location, and sales and service volume. Moderately sized tire shops with minimal expenses may expect a profit margin of around 20 percent or more.
How much does it cost to start a Big O tire franchise?
Big O Tires Franchise Costs & Fees
|Name of Fee||Low||High|
|Initial Franchise Fee||$10,000||$35,000|
|Initial Training – Fees, Travel & Lodging Expenses||$1,000||$7,800|
|Real Estate Leases (One to Three Months’ Rent Plus Security Deposit)||$24,000||$68,000|
|Equipment, Fixtures and Other Fixed Assets||$100,000||$235,000|
What is Discount Tire worth?
Today the $4.3 billion (revenues) tire and wheel retailer has stores in 29 states and plans to be in 34 states by the end of 2018. He and his family are understood to own all of Discount Tire.
Who owns Discount Tire Direct?
|Discount Tire store in Ypsilanti, MI|
|Founded||1960 Ann Arbor, Michigan, US|
|Headquarters||Scottsdale, Arizona, U.S.|
|Number of locations||1092 stores in 36 States (Dec. 2021)|
|Key people||Bruce Halle, founder Dean Muglia, CEO Michael Zuieback, Executive chairman Ed Kaminski, COO Christian Roe, CFO|
How much do tires really cost?
According to CostHelper, a standard, all-season tire costs between $50 and $200 each with an average price of $80 to $150. For a pickup truck or SUV, drivers may pay $50 to $350, with an average cost of about $100 to $250.