- Franchise 500 Rank
-
N/R Not ranked last year
- Initial investment
-
$46K - $77K
- Units as of 2021
-
3
Smart Tires was born out of the idea that people should not break the bank to buy new tires. Smart Tires was started in 2018 and began franchising in 2020. Appealing to online shoppers, at Smart Tires, customers can shop online and pay with their preferred payment method. Once an order is placed, Smart Tires sets up a time for installation with a local tire shop.
Why You May Want To Start a Smart Tires Franchise
Smart Tires is looking for franchisees that have experience in management and/or customer service. Franchisees should be results-oriented and have previous sales or marketing experience. However, everyone is welcome to see if they are a fit for the Smart Tires franchise.
Smart Tires franchisees may be given the opportunity to run the business as a part-time business, home-based unit, or even as an absentee owner. This may give you multiple roads to take on your way to becoming a Smart Tires franchisee.
Opening a Smart Tires franchise may offer a more predictable outcome than investing in a completely new brand that could struggle to thrive in an already crowded and competitive industry.
What Might Make a Smart Tires Franchise a Good Choice?
Smart Tires was started so that customers could buy tires without risking financial difficulties. The company offers customers payment structures so they can pay for their tires over time. This may allow customers to get the tires they need without sacrificing safety or their bank account taking a large hit. Since Smart Tires operates online, franchisees do not need a brick-and-mortar store to operate. Franchisees may then choose to work from home or a mobile office.
To be part of the Smart Tires team, you should make sure you're financially ready for an initial investment made up of a franchise fee and other startup costs. In addition, you should prepare yourself for ongoing fees that will include advertising, royalty, and potential renewal fees. Franchisees will also need to meet the company's set net worth and liquid capital requirements.
How To Open a Smart Tires Franchise
As you decide if opening a Smart Tires franchise is the right move for you, make sure you take time to explore the opportunity. Research the brand and your local area to see if a Smart Tires franchise would do well in your community. While competition is healthy, too much of it may not allow for the most possible growth.
Before making any financial commitment or signing an agreement with Smart Tires, you must perform your due diligence and establish if this is the right opportunity for you. As part of your due diligence, you may want to speak to existing franchisees and ask the Smart Tires franchising team questions.
If awarded a franchise, franchisees receive a great deal of support from the Smart Tires brand throughout the franchising process. In addition to pre-opening training, franchisees receive support through brand awareness, marketing, and research. Smart Tires franchisees may also receive hands-on training and continued support after their franchise location has opened.
Company Overview
About Smart Tires
| Industry | Automotive |
|---|---|
| Related Categories | Wheels & Tires |
| Founded | 2018 |
| Leadership | Gerald Gibboni, Managing Member |
| Corporate Address |
12042 Blanco Rd. San Antonio, TX 78216 |
| Social | Facebook, Instagram, YouTube |
Business Overview
| Franchising Since | 2020 (4 years) |
|---|---|
| # of employees at HQ | 5 |
| Where seeking |
This company is offering new franchises throughout the US. |
| # of Units | 3 (as of 2021) |
|
|
|
Information for Franchisees
Here's what you need to know if you're interested in opening a Smart 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
|
$39,900 |
|---|---|
|
Initial Investment
|
$46,450 - $77,400 |
|
Net Worth Requirement
|
$150,000 |
|
Cash Requirement
|
$50,000 |
|
Royalty Fee
|
6% |
|
Ad Royalty Fee
|
2% |
|
Term of Agreement
|
20 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 | Smart Tires has relationships with third-party sources which offer financing to cover the following: franchise fee, startup costs, inventory |
|---|
Training & Support Offered
Franchisors offer initial training programs and a variety of ongoing support options to help franchisees run their businesses.
| Classroom Training | As needed |
|---|---|
| Ongoing Support |
Online Support
Field Operations
Proprietary Software
|
| Marketing Support |
Ad Templates
Website Development
|
Operations
Additional details about running this franchise.
| Is absentee ownership allowed? | Yes |
|---|---|
|
Can this franchise be run from home/mobile unit?
|
Yes |
|
Can this franchise be run part time?
|
Yes |
| # of employees required to run | 1 |
|
Are exclusive territories available?
|
Yes |
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