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2021 Franchise 500 Rank
#205 Ranked #91 last year
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Initial investment
$314K - $1.1M
Units as of 2021
465 3.6% over 3 years

Company Overview

A group of tire dealers came together in 1962 and started Big O Tires. Each Big O center sells and services tires and offers related automotive products. In 1996, Big O Tires was acquired by TBC Corporation and today operates as a subsidiary of the Florida-based company, which also franchises Midas.

About Big O Tires

Industry
Automotive
Founded
1962
Parent Company
TBC Corp.
Leadership
Jim Bull, GM & VP

Franchising Overview

Franchising Since
1982 (39 years)
# of employees at HQ
500
Where seeking

This company is seeking new franchisees throughout the US.

# of Units
465 (as of 2021)

Franchisor Information

Corporate Address
4300 TBC Wy.
Palm Beach Gardens, FL 33410

Information for Franchisees

Here’s what you need to know if you’re interested in opening a Big O Tires franchise.

Financial Requirements & Ongoing Fees

Here’s what you can expect to spend to start the business and what ongoing fees the franchisor charges throughout the life of the business.

Initial Franchise Fee
$35,000
Initial Investment
$313,500 - $1,143,800
Net Worth Requirement
$300,000
Cash Requirement
$100,000
Veteran Incentives
First-unit 50% reduction in franchise fee
Royalty Fee
2-5%
Ad Royalty Fee
0.9%
Term of Agreement
10 years
Is franchise term renewable?
Yes

Financing Options

Some franchisors offer in-house financing, while others have relationships with third-party financing sources to which they refer qualified franchisees.

Third Party Financing
Big O Tires has relationships with third-party sources which offer financing to cover the following: franchise fee, startup costs, equipment, inventory, accounts receivable

Training & Support Offered

Franchisors offer initial training programs and a variety of ongoing support options to help franchisees run their businesses.

On-The-Job Training
80 hours
Classroom Training
67 hours
Additional Training
Online training
Ongoing Support
Purchasing Co-ops
Newsletter
Meetings & Conventions
Grand Opening
Online Support
Security & Safety Procedures
Field Operations
Site Selection
Proprietary Software
Franchisee Intranet Platform
Marketing Support
Co-op Advertising
Ad Templates
National Media
Regional Advertising
Social Media
SEO
Website Development
Email Marketing
Loyalty Program/App

Operations

Additional details about running this franchise.

Is absentee ownership allowed?
No
Can this franchise be run from home/mobile unit?
No
Can this franchise be run part time?
No
Are exclusive territories available?
Yes

Franchise 500 Ranking History

Compare where Big O Tires landed on this year’s Franchise 500 Ranking versus previous years.

Additional Rankings

Curious to know where Big O Tires ranked on other franchise lists? Find out below.

Ranked #205

Franchise 500 Ranking

Ranked #33

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Disclaimer
The information on this page is not intended as an endorsement or recommendation of any particular franchise by Entrepreneur Media. Our franchise listings and rankings are solely research tools you can use to compare franchise operations. Entrepreneur stresses that you should always conduct your own independent investigation before investing in a franchise. That should include reviewing the franchisor's legal documents, consulting with an attorney and an accountant, and talking to former and current franchisees.
Updated: February 8th, 2021