Franchise Spotlight: Automotive
Countless franchise opportunities include auto hire, repair, parts, cleaning, garage and leasing specialists.
There were 29.8 million vehicles on Canadian roads in 2020, up from 25.4 million five years earlier, according to statistics from Statista.
All those vehicles, which are essential for most households, periodically require cleaning, maintenance work, replacement parts and other automotive services.
Automotive franchises include auto repair, auto hire, car cleaning, garage and vehicle leasing opportunities.
Garage franchises aside, they usually don’t require a background in automotive-related sectors, although in some cases, it might enhance applicants’ chances of success.
Oftentimes, owners of independent automotive businesses choose to rebrand under a franchise umbrella in order to benefit from the buying power and competitive prices, wide-ranging support, market research, marketing advantages and digital footprint of a large, flourishing network.
Franchise market analysis
For instance, collision repair specialist CARSTAR offers independent auto body shop owners the chance to join its network, claiming that franchise partners enjoy an average revenue rise of 20.2% between their first and second years after joining the franchise.
AAMCO Transmissions was named the top auto repair franchise opportunity for three consecutive years by Entrepreneur magazine.
Auto repair franchises include niche operators as well as generalists.
NOVUS, for example, is a windscreen repair specialistwith around 1,300 service locations in more than 30 countries, while Pro Fleet Care is a mobile rust control business that claims to offer one of the lowest start-up costs in franchising, low overheads and no ongoing royalties.
Snap-on franchisees, of which there are around 4,600 worldwide, sell automotive repair and diagnostic tools for professional use in the transportation industry, all from a mobile store.
Founded in 1918, Hertz now has more than 9,000 global locations in 145 countries and lays claim to being the world’s largest airport car rental brand.