Big O Tires
Tires, tire services, auto products- 2023 Franchise 500 Rank
-
#157 Ranked #138 last year
- Initial investment
-
$334K - $1.4M
- Units as of 2022
-
466 1.7% over 3 years
Big O Tires is one of the top-tier tire and auto services franchises in the U.S. Big O Tires holds annual national conventions that franchisees are encouraged to attend, particularly if it is the first annual convention of a franchisee's career.
Big O Tires has been around for more than half a century and franchising for close to four decades. There are over 400 Big O Tires outlets in the U.S., and it continues to be a leading business rooted in a culture of excellence. Big O Tires has the resources needed to fill gaps in a diverse, dynamic, and complex automotive world.
Why You May Want to Start a Big O Tires Franchise
Big O Tires offers two franchise models—product distribution franchises and business format franchises. The franchisor provides an initial online training and capacity-building program to provide franchisees with information about the two options so they can make an informed decision before investing.
You can experience the curriculum at the company training facilities or a virtual classroom. Field training and operations certification is provided for and conducted at a Big O Tires store.
The franchisor suggests a few days of online training followed by multiple weeks of facilitated training and another couple of weeks of field training.
What Might Make Big O Tires a Good Choice?
Big O Tires has been ranked in Entrepreneur’s Franchise 500 multiple times in the past few years. This ranking is based on an evaluation of more than 150 data points in the areas of costs and fees, size and growth, franchisee support, brand strength, and financial strength and stability.
Big O Tires gives you the freedom to operate independently with an experienced team behind you, providing the support, resources, and training you need.
To own a Big O Tires franchise, you should make sure you're financially ready with enough capital available for an initial investment, including a franchise fee and startup fees, as well as other possible expenses. Additional expenses will include an advertising fee and royalty fee, as well as a potential renewal fee. Additionally, veterans are offered significant discount off the franchise fee by Big O Tires.
How to Open Your Own Big O Tires Franchise
As you make your decision regarding opening a Big O Tires franchise, make sure you take time to explore the opportunity. Research the brand and your local area to see if a franchise would do well in your community. While competition is healthy, too much of it may be counterproductive.
By joining Big O Tires, you are becoming part of a family with many successful franchisees. There is absolutely no automotive experience required. Prospective franchisees must go through the new franchise orientation, which is a briefing developed to help you understand Big O Tires better. The document guides you through their desired culture of creating outstanding customer interactions and other elements in their core business value that make them excel.
An assistant will guide you through the process of opening a franchise, providing insights into customer relations and service techniques. Big O Tires will teach you advanced phone skills, including an overview of product lines, setting the stage for you to open your new franchise.
Company Overview
About Big O Tires
- Industry
- Automotive
- Related Categories
- Wheels & Tires, Automotive Repair & Maintenance Services
- Founded
- 1962
- Parent Company
- TBC Corp.
- Leadership
- Brian Maciak, GM & VP
- Corporate Address
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4300 TBC Wy.
Palm Beach Gardens, FL 33410
Business Overview
- Franchising Since
- 1982 (2023-1982 years)
- # of employees at HQ
- 500
- Where seeking
-
This company is offering new franchisees in the following US states: Alabama, Arkansas, Arizona, California, Colorado, Iowa, Idaho, Illinois, Indiana, Kansas, Kentucky, Michigan, Minnesota, Missouri, Montana, North Dakota, Nebraska, New Mexico, Nevada, Ohio, Oklahoma, Oregon, South Dakota, Tennessee, Texas, Utah, Virginia, Washington, Wisconsin, Wyoming
- # of Units
- 466 (as of 2022)
Information for Franchisees
Here's what you need to know if you're interested in opening a Big O 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
Information Circle - $35,000
-
Initial Investment
Information Circle - $333,500 - $1,441,800
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Net Worth Requirement
Information Circle - $300,000
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Cash Requirement
Information Circle - $100,000
-
Veteran Incentives
Information Circle - 50% off first-unit franchise fee
-
Royalty Fee
Information Circle - 2-5%
-
Ad Royalty Fee
Information Circle - 3.6%
-
Term of Agreement
Information Circle - 10 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
- Big O Tires has relationships with third-party sources which offer financing to cover the following: franchise fee, startup costs, equipment, inventory, accounts receivable
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
- 80 hours
- Classroom Training
- 67 hours
- Ongoing Support
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Purchasing Co-opsNewsletterMeetings & ConventionsGrand OpeningSecurity & Safety ProceduresField OperationsSite SelectionProprietary SoftwareFranchisee Intranet Platform
- Marketing Support
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Co-op AdvertisingAd TemplatesNational MediaRegional AdvertisingSocial MediaSEOWebsite DevelopmentEmail MarketingLoyalty Program/App
Operations
Additional details about running this franchise.
- Is absentee ownership allowed?
- No
-
Can this franchise be run from home/mobile unit?
Information Circle - No
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Can this franchise be run part time?
Information Circle - No
-
Are exclusive territories available?
Information Circle - Yes
Interested in ownership opportunities like Big O Tires? Request a free consultation with a Franchise Advisor now.
Franchise 500 Ranking History
Compare where Big O Tires landed on this year's Franchise 500 Ranking versus previous years.
Additional Rankings
Curious to know where Big O Tires ranked on other franchise lists? Find out below.
Ranked #157 in 2023
Entrepreneur’s 44th annual Franchise 500® ranking shines a light on the unique challenges and changes that have shaped the franchise industry over the last year—and how franchisors have adapted and evolved to meet them.
Ranked #20 in 2022
Our ranking of the top 150 franchises offering incentives and other programs to help veterans become franchisees.
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