- 2021 Franchise 500 Rank
N/R Not ranked last year
- Initial investment
$46K - $77K
- Units as of 2020
About Smart Tires
More from Smart Tires
Smart Tires Franchise Offers A Better Way To Own A Successful Business
Smart Tires® is an innovative online tire store that sells directly to consumers in franchised territories. Owning a Smart Tires franchise gives entrepreneurs the opportunity to build a successful business in a recession-resistant, multi-billion dollar industry. Our franchise model is web-based which means you don't need a storefront and there's virtually no overhead.
As a franchise owner, you will help make it easier for our hard working customers to purchase a set of 4 brand new, brand name, tires through rent-to-own financing. We provide outstanding training and support and have streamlined the entire process for our franchise owners to keep costs low and maximize revenue potential.
Advantages To Owning A Smart Tires Franchise
Our unique franchise model is 100% online. You don't need a storefront and there's practically no overhead. Franchise owners can run their business from virtually anywhere.
We provide outstanding training and support. You’ll never feel like you’re on your own as a franchisee. We provide full training at your location, continued support, a strong web presence, and built-in marketing.
Unlike other Tire franchises where all the best locations are taken, Smart Tires is new, which means you have the opportunity to select the best territories and grow into new ones, before they are sold out.
Secure Your Future In A Stable Industry
American’s spend $43 billion a year on replacement tires accounting for roughly 17% of all automotive services in the United States.
Capitalize on a rapidly growing niche market segment. The typical Smart Tires customers are hard working American's with steady income, but not as much financial security as they want. Our customers work hard for their paycheck and need reliable transportation to earn a living, making Smart Tires an essential business.
By deciding to franchise with Smart Tires, you’ll also be joining a company, leading innovation in the tire industry. Remember all those years ago, when people said online shopping is the future. That's only now just beginning. Demand for speed of delivery, easy access to credit and convenience is constantly increasing. Your business will give thousands of hard working customers peace of mind without stressing over cost, risk, or damaging their credit.
Become An Owner Today
With the help of the Smart Tires® team, you could be up and running your rent-to-own tire business in 60 days! Contact us to learn more about becoming a franchise partner and discover why smart entrepreneurs choose Smart Tires.
- Franchising Since
- 2020 (1 years)
- # of employees at HQ
- # of Units
- 2 (as of 2020)
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
Definition: The initial fee paid to a franchisor to join their system
What you need to know: Found in Item 5 of the FDD, this may be a flat fee, or may vary based on territory size, experience, or other factors.The franchise fee is an up-front (one-time) cost that a new franchisee pays to the franchisor. This fee is usually due at the signing of the franchise agreement and covers the right to use the franchisor's trademarks, name, and related business systems.
- Initial Investment
- $46,450 - $77,400
Definition: The total amount necessary to begin operation of the franchise
What you need to know: The initial investment includes the franchise fee, along with other startup expenses such as real estate, equipment, supplies, business licenses, and working capital. This is outlined in a chart in Item 7 of the FDD, showing a range of possible costs from low to high.
- Net Worth Requirement
Definition: The minimum net worth you must have in order to qualify to become a franchisee of this company
What you need to know: Net worth is the value of a person's assets minus liabilities. Assets include cash, stocks, retirement accounts, and real estate. Liabilities include items like mortgages, car payments, and credit card debt.
- Cash Requirement
Definition: The minimum liquid capital you must have available in order to qualify to become a franchisee of this company.
- Royalty Fee
Definition: A ongoing fee paid to the franchisor on a regular basis.
What you need to know: Most franchisors require franchisees to pay an ongoing royalty fee, which is detailed in Item 6 of the FDD. This fee is typically a percentage of weekly or monthly gross sales, but may also be a flat weekly, monthly, or annual fee.
- Ad Royalty Fee
Definition: An going fee paid to the franchisor on a regular basis to support advertising or marketing efforts.
What you need to know: This may also be called advertising fee, marketing fee, brand fund fee, and more, but the basic purpose is the same-- to support promotion of the brand systemwide. As with the royalty fee, it is detailed in Item 6 of the FDD, and can be a percentage of weekly or monthly gross sales or a weekly, monthly, or annual fee.
- Term of Agreement
- 20 years
Definition: The length of time your franchise agreement will last.
What you need to know: Franchise terms are typically anywhere from 5 to 20 years in length, but are sometimes instead dependent on factors such as the term of your lease. Once your term is up, you may have the option to renew your agreement, typically for a smaller fee than the original franchise fee.
- Is franchise term renewable?
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
- 3 days
- Classroom Training
- 3 days
- Ongoing Support
Grand OpeningOnline SupportSecurity & Safety ProceduresField OperationsProprietary Software
- Marketing Support
Ad TemplatesNational MediaRegional AdvertisingSocial MediaSEOWebsite DevelopmentEmail Marketing
Additional details about running this franchise.
- Is absentee ownership allowed?
Definition: Absentee ownership means that the franchisee does not actively work in the franchise business or manage day-to-day operations.
- Can this franchise be run from home/mobile unit?
Definition: The business can be run from your home and/or a vehicle, and it is not necessary to have a retail facility, office space, or warehouse.
- Can this franchise be run part time?
Definition: This business can be run by the owner on a part-time basis (less than 40 hours per week) and/or as a side business; it is not necessary for the business to be open/run full-time.
- # of employees required to run
- Are exclusive territories available?
Definition: An exclusive territory is a fixed area in which you are given the right to operate and in which no other units of the same franchise may be opened.
What you need to know: Territory size may be based on factors such as radius, population size, zip codes, and more. Details can be found in Item 12 of the FDD.
Franchise 500 Ranking History
Compare where Smart Tires landed on this year’s Franchise 500 Ranking versus previous years.
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