Over 30 years of consistent growth. Ongoing support. Multiple revenue streams. Whether you’re looking into owning your very first store, or you’re interested in adding to your existing franchise portfolio, Batteries Plus…
In the US, having a car isn’t a luxury - it’s a necessity. Even in the COVID-19 era, automobiles play an important role in the health of our economy. 95% of American households have a car, and there are 273.6 million vehicles on the road in the US right now. And all of those vehicles need to be cleaned, maintained, and repaired every year. From replacement parts and tires to collision repairs and auto accessories, there’s a huge aftermarket in the auto franchise industry.
For all of these reasons and more, auto franchises are among the best businesses to invest in right now. Automobile servicing, parts, and repair are all in high demand, and by ownings
Did You Know?
On average, there are 1.88 vehicles per U.S. household
SOURCE: SOURCE: Statista
By 2020, 10% of auto aftermarket part sales, equal to $20 billion of transactions, will occur online
SOURCE: SOURCE: Frost & Sullivan
The US auto aftermarket, a $296 billion industry in 2018, is projected to grow by 3.4% per year
SOURCE: SOURCE: Automotive Aftermarket
There were 37,645 auto franchises in the United States at the end of 2017
SOURCE: SOURCE: IHS Economics
Frequently Asked Questions about Automotive Franchising
Q: What are automotive franchises? A: Automotive franchises provide services such as car repair, auto parts sales, detailing, car washes, and more. They allow entrepreneurs to leverage established brands and proven business models to serve the growing demand in the automotive industry.
Q: Do I need experience in the automotive industry to start a franchise? A: Not necessarily. Many franchisors provide training and operational support, equipping franchisees with the skills they need to succeed regardless of prior experience.
Q: How much does it cost to start an automotive franchise? A: Startup costs vary based on the type of franchise and its requirements, ranging from lower investments for mobile detailing services to higher costs for full-service repair shops or gas stations. Franchisors typically outline costs in their Franchise Disclosure Document (FDD).
Q: What are the benefits of owning an automotive franchise? A: Benefits include established brand recognition, training and support, bulk purchasing power, and the ability to tap into a growing market. Automotive franchises often offer recurring revenue streams, such as maintenance or repair services.
Q: Is the automotive sector growing? A: Yes. The automotive aftermarket is projected to reach $519.2 billion globally by 2027, driven by the aging vehicle fleet and increasing consumer demand for maintenance and repair services.
Q: How do I choose the right automotive franchise? A: Consider factors such as your interests, market demand, and the level of support offered by the franchisor. Research the FDD and speak with existing franchisees to better understand each opportunity.
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