Are you interested in owning a business in automotive transmission repair? Want to invest in a thriving industry that virtually everyone relies on?
Whether you have auto repair experience or are just an automobile enthusiast, you can build your dreams with your own business in the booming auto repair industry doing what you love.View Transmission Franchises
By 2020, auto transmission repair revenues in the U.S. are projected to reach $2.37 billion
SOURCE: Statista; US Census Bureau
The estimated output of U.S. automotive franchise establishments are $41.2 billion in 2017
SOURCE: International Franchise Association; PwC
The U.S. auto repair and maintenance industry contributed about $126 billion to the 2015 GDP
Statista; US Census Bureau
International Franchise Association; PwC
Automotive transmission repair franchises provide a full range of transmission services, from general maintenance to high-tech transmission repair, in a service center environment and often provide a warranty for their work. Many of them are one-stop shops for automobile servicing.
Auto repair will always be a necessity for car owners, and transmission repair is a thriving sector within the automotive repair and service industry, with $2.34 billion in revenue reported for 2016.
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The automotive industry features plenty of opportunities and plenty of competition. Starting your franchise business in a focused niche like transmission repair can help you stand out in a crowded market. Here are some tips to help you run a successful transmission repair franchise business:
To succeed as a transmission repair shop owner, you’ll need to fix transmissions properly, and you’ll also need to be a master of customer service. In an industry where service and transparency are sometimes lacking, you can stand out and create a great reputation by being honest with your customers and communicating with them effectively. You may be able to draw on previous work experiences to offer great service, or you could seek out educational opportunities to develop this skill.
Transmission repair is just one niche in the larger automotive repair market. Often, more than one type of repair is required to bring a vehicle back to working order. Are you going to focus this new business solely on transmissions, or will you branch out into other areas? If your focus will be on transmissions alone, building relationships with other shops in your area could be a powerful business strategy.
Customers in the market for this service are want their transmission repaired properly and in a timely manner. Some shops will get backed up with work and will be unable to turn around jobs quickly enough to satisfy customers. If you can master the art of keeping your projects on time and serving everyone promptly, you are sure to earn a solid reputation and more work will likely flow your way. This is not easy, of course, so staying extremely organized and being flexible with your time will be critical.