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Big O Tires LLC

Tires, wheels, related under-car services

Background

Founded: 1962 Franchising since: 1962
A group of tire dealers came together in 1962 and started Big O Tires, a franchise that is now based in Englewood, Colorado. Each Big O center offers a variety of auto repair services, including brake, alignment and front-end repair, as well as tire and ride control products.

Big O Tires has centers across the western United States and in Canada.

In 1996, Big O Tires was acquired by TBC Corporation and today operates as a subsidiary of the Florida-based company.

12650 E. Briarwood Ave., #2D
Englewood, Colorado 80112
Phone:
(800)622-2446


Franchisor is a privately-held company with 200 employee(s); 12 employee(s) in franchise department.

Franchise Growth
Year U.S. Franchises Canadian Franchises Foreign Franchises Company Owned
2008 509 1 0 13
2007 545 1 0 0
2006 538 1 0 0
2005 557 1 0 0

Where Seeking Franchisees

Exclusive territories available.
Territory size: 5-mile first option rights

Costs and Fees

Total investment: $275.8K-843.3K
Franchise fee: $30K
Ongoing royalty fee: 6%
Term of agreement: 10 years, renewable


Type of Financing Available
In-House Third Party
Franchise Fee No Yes
Startup Costs No Yes
Equipment No Yes
Inventory No Yes
Accounts Receivable No Yes
Payroll No Yes

Third-party financing source(s): the SBA & other commercial lenders

Qualifications
Net worth requirement: $300K-600K
Cash liquidity requirement: $100K-200K
Business Experience:
  • General business experience
  • Strong management skills

Operations
  • 33% of all franchisees own more than one unit
  • Number of employees needed to run franchised unit: 8
  • Absentee ownership of franchise is allowed. (70% of current franchisees are owner/operators)

Training and Support

Training
  • Available at headquarters: 4 weeks
  • At franchisee's location: 2 weeks at opening
  • Ongoing

Ongoing Support
  • Newsletter
  • Meetings
  • Toll-free phone line
  • Grand opening
  • Internet
  • Security/safety procedures
  • Field operations/evaluations
  • Purchasing cooperatives

Marketing Support
  • Co-op advertising
  • Ad slicks
  • National media
  • Regional advertising

Rankings

Franchise 500® rank:
#134 (2009); #170 (2008); #224 (2007); #107 (2006); #77 (2005);

America's Top Global Franchises:
#94 (2006);


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