One of the booming and a trendy business is a car tyre franchise
One of the important components of a vehicle that covers the rim of the vehicle and which helps the vehicle to move is a tyre. People who think to have their own business can own a tyre franchise.
Let’s discuss what actually franchise is.
A car tyre franchise deals with all types of tyres that are needed for the different kinds of cars. There are many tyre franchises all over the world. Some of the tyre franchises in India which are quite popular are
- MRF
- Apollo
- Ceat
- JK tyres
- Goodyear
- Falken
- Nexen, and much more.
There are over 200+ franchise opportunities in India according to the census. The profit ranges from 2lakhs to 20 crores. But before opening, you must:
- Do your research on the best franchises all over the world.
- To personally visit the franchises and see their offers.
- Must have proper details on the products, its success rates and likings.
- Meet the franchise owners/authorities and have all the details on training, tools and support provided by them.
- Lastly, you need to make a good deal that has a full understanding of the costs and margins that you are sharing with the franchise.
To start a tyre dealership firstly you need to provide a good quality car tyre at reasonable prices and need to store all kinds of tyres for all kinds of cars. The steps involved are:
- To determine what kind of tyre to keep. That is you need to specialize in a specific tyre manufacturer that provides all types of tyres. Then you also need to keep a repairing and discount sales at first.
- You must choose a densely populated location for the business. Like you can have a shop built near petrol pumps, car showrooms, etc. It will generate a large amount of business.
- You have to register the true business with a company or corporation at the country's clerks' office.
- Need to advertise by putting banners, posters, etc. and also a back stock to store the tyres.
- You need to create a list of tyre manufacturers and vendors when ordering. But you need to carefully analyse the tyres before putting them up on sell.
Original Source:- http://mytyrepoint.blogspot.in/2017/03/one-of-booming-and-trendy-business-is.html
