Although there are many reasons to invest in a Meineke Auto Care franchise, bolstering your personal finances is perhaps the most important. Most people dive into business ventures with the intent of making money – and joining the ever-expanding Meineke auto care family is a great way to do it. Prospective franchisees that are curious about the moneymaking opportunities associated with Meineke Auto Care are urged to consider the following points.
Addressing a Widespread Need
Automotive maintenance is anything but a niche business. Over 90 percent of U.S. households own at least one vehicle, so regardless of where you choose to open a Meineke Auto Care Center, you’ll have guaranteed customers. The overwhelming majority of American households own cars – and it stands to reason that each one of those vehicles will require maintenance at some point in its use due to accidents and daily wear and tear. If you don’t step in to fill this need, there’s no question that someone else will.
Incredible Room for Growth
As of 2014, there are slightly over 250 million cars on the road in the United States alone. By 2017, this number is expected to increase to 261 million. The number of vehicles over five years old is also going to increase exponentially within the next four years. Every one of these vehicles represents a potential moneymaking opportunity for automotive franchises. Through advancements in technology and older technology aging, there’s always room for an automotive repair franchise.
Opportunities to Branch Out
Many Meineke franchisees enjoy so much success with their initial franchises that they branch out and open others. As previously stated, there are a lot of cars on the road – all of which require regular maintenance. Becoming a multi-center operator effectively provides owners with even more opportunities to capitalize on this much-needed industry.