Automotive Franchise Opportunities
Franchise Opportunities in 2008 total approximately 2500 in 18 industries ranging from automotive franchises to kids franchises to home based businesses to franchises for women. Is there one particular franchise industry that seems to be growing faster than another?
Lets take a quick look a automotive franchise opportunities.
Automotive franchises, such as auto parts or tire stores, have become a growing trend across the country for entrepreneurs who wish to run an automotive business. Several years ago, if a person wanted to get their car fixed, they would go up to the mom-and-pop gas station on the corner. The gas station would do everything from an oil change to a complete engine overhaul. Today, most gas stations are just that, gas stations. With the growing number of automotive franchise opportunities, there are now shops that specialize in tires, oil changes, tune-ups, or just sell auto parts. This has opened up many options to potential business owners. They can now choose to invest in an auto parts store, a car rental store, or an auto repair shop.
If you're up for a automotive franchise opportunity, before making the decision of which opportunity to invest in, potential business owners will want to consider if this is right for them. As a benefit, automotive franchise opportunities offer the support of the franchise headquarters. Inventory and parts can be obtained at cheaper rates through the headquarters as well. An automotive franchise requires much less local marketing because the headquarters usually markets on a national level. The franchisee (business owner) also benefits from the brand name. If consumers see a national commercial or recognize the logo, they are more likely to become customers.
As a downside, buying into one of the automotive franchise opportunities can be a huge investment. It costs a great deal of money up front so not all potential business owners can afford the investment. Another disadvantage is that automotive franchise owners are held completely accountable to their headquarters. Turning in all financial and business documentation is required from the franchisor (corporate office). Also, owners have to pay royalties and marketing fees to the headquarters on a regular basis. The amount of fees depends on the popularity of the brand name, which can be thousands of dollars per month. Business owners may not like the fact that automotive franchise opportunities also have specific rules, regulations and policies that each franchise must abide by. Some people prefer to run things their own way.
Keeping that in mind, it's very important to do an inventory of yourself before even looking into franchise opportunities. You may find out that owning a franchise does not fit your personality. If you’re a self starter and like to do things your own way, then you may want to steer clear of any and all franchise opportunities. Doing a personal inventory will reveal what you really want.
You can find additional information about franchise opportunities at http://afranchisesolution.net.
Jeffrey Sloe, Internet Marketing Advisor to The Ultimate Team
440-725-3729
jeff@internetmarketingadvisors.net
http://ultimate.org
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