There are always risks involved with new business ventures, particularly in today’s economy. In light of how rapidly people’s tastes change and the unstable nature of the stock market, very few investments represent “sure things”. However, there are certain products and services that the vast majority of the populace will always need.
Automotive maintenance is a perfect example of such a product – and when coupled with the brand recognition a powerhouse like the Meineke car repair franchises generate, car care can yield some enormous profits. Anyone can become a Meineke franchisee and are sure to appreciate the following perks related to the business.
If you own one of more vehicles – as over 90 percent of U.S. households do – odds are you take your car(s) in to car repair franchises for regular maintenance and the occasional repair. When you consider that most Americans are in need of consistent auto maintenance, it’s not difficult to see why there’s abundant profit to be made in the car care industry. Whether you’re based out of a small town or large city, you’re sure to find plenty of car owners in your area – every one of whom needs what your franchise provides.
Not only will investing in car repair franchises such as Meineke enable you to be your own boss, it can also serve as a boom to your personal finances! With the average Meineke Car Care Center generating over $700,000* in annual sales, it’s easy to see why franchisees are able to make such comfortable livings. Furthermore, if your franchise is based in a bustling metropolitan area there’s a good chance it will generate even more than the aforementioned figure.
If joining the Meineke family proves both professionally and financially rewarding, consider expanding your reach and opening multiple car repair franchises. Owning and operating more than one Meineke franchise location can exponentially increase your take-home pay and set the stage for long-term career satisfaction and financial security.
Although it’s becoming increasingly difficult to predict what the next “big thing” will be, some things will always be in high demand – specifically, automotive maintenance. There’s never a bad time to get into the car care business, particularly with the backing of a celebrated company like Meineke. If you’re interested in owning one of our car repair franchises, contact us today at 866-614-0479.
*Please see item 19 in our FDD for further details