Tire Pros Franchise FDD, Profits, Costs & Fees (2024)
Tire Pros was founded in 1971 and specializes in tire sales and services. The franchise officially launched in 1988 and is headquartered in Huntersville, North Carolina.
It operates as a subsidiary of American Tire Distributors (ATD), the largest tire distributor in the U.S.
As part of ATD, Tire Pros offers franchisees strong support in supply chain, marketing, and operations.
The franchise provides a turnkey model, making it easier and more affordable for franchisees to open new stores.
Franchisees benefit from comprehensive training, an established brand, and tools to manage sales, financials, and marketing efficiently.
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Initial Investment
How much does it cost to start a Tire Pros franchise? It costs on average between $12,000 – $483,000 to start a Tire Pros franchised center.
This includes costs for construction, equipment, inventory, and initial operating expenses. The exact amount depends on various factors, including the type of facility you choose, the location, and whether the franchisee chooses to lease or purchase the property. Tire Pros offers 2 types of franchises:
| Type of TIRE PROS Center | Initial Investment Range |
|---|---|
| TIRE PROS Center | $11,995 to $136,745 |
| Start-up TIRE PROS Center | $278,975 to $482,725 |
We are summarizing below the main costs associated with opening a Start-up TIRE PROS Center. For more information on costs required to start a Tire Pros franchise, refer to the Franchise Disclosure Document (Item 7).
| Type of Expenditure | Amount (for a Start-Up Location) |
|---|---|
| Initial Franchise Fee | $7,000 |
| Pre-opening Purchases | $0 – $20,000 |
| Lease Deposit | $0 – $15,000 |
| Remodeling Costs | $0 – $25,000 |
| Computer Equipment/Point of Sale System and Furniture | $7,500 – $35,000 |
| Shop Equipment | $150,000 – $175,000 |
| Signs | $1,500 – $25,000 |
| Miscellaneous Opening Costs | $500 – $5,000 |
| Opening Inventory | $10,000 – $50,000 |
| Rent for First 3 Months | $15,000 – $24,000 |
| Total | $279,000 – $483,000 |
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Tire Pros Franchise Disclosure Document
Frequently Asked Questions
How many Tire Pros locations are there?
As of the latest data, Tire Pros operates over 600 franchise locations across 45 states in the U.S., with plans to expand to 700 locations by the end of the year. This makes it the largest network of independent tire dealers in the country.
What is the total investment required to open a Tire Pros franchise?
The total investment required to open a Tire Pros franchise ranges from $12,000 to $483,000.
What are the ongoing fees for a Tire Pros franchise?
Tire Pros franchisees pay a royalty fee ranging from 0% to 5% of gross sales and a marketing fee typically between 1% and 3% of gross sales. These fees support national marketing initiatives and franchise operations.
What are the financial requirements to become a Tire Pros franchisee?
To become a Tire Pros franchisee, you need a minimum net worth of around $300,000. Additionally, prospective franchisees should have at least $100,000 in liquid capital. These financial qualifications ensure that franchisees have the necessary resources to support initial investments and ongoing operational costs associated with running a Tire Pros location.
Who owns Tire Pros?
Tire Pros is owned by American Tire Distributors (ATD), one of the largest tire distribution companies in North America. ATD acquired Tire Pros to expand its network of independent tire dealers, offering them a unified brand with access to resources and support aimed at enhancing their operations and customer service.
Disclaimer
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