- 2024 Franchise 500 Rank
-
#87 Ranked #157 last year
- Initial investment
-
$376K - $1.6M
- Units as of 2023
-
464 0.2% 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 | Gary Skidmore, Senior Vice President & Chief Operating Officer |
| Corporate Address |
4300 TBC Wy. Palm Beach Gardens, FL 33410 |
| Social | Facebook, Twitter, LinkedIn, Instagram, YouTube |
Business Overview
| Franchising Since | 1982 (42 years) |
|---|---|
| # of employees at HQ | 500 |
| Where seeking |
This company is offering new franchises in the following US states: Arkansas, Arizona, California, Colorado, Iowa, Idaho, Indiana, Kansas, Kentucky, Missouri, Montana, North Dakota, Nebraska, New Mexico, Nevada, Ohio, Oklahoma, Oregon, Tennessee, Texas, Utah, Virginia, Washington, Wyoming |
| # of Units | 464 (as of 2023) |
|
|
|
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
|
$10,000 - $17,500 |
|---|---|
|
Initial Investment
|
$375,500 - $1,572,500 |
|
Net Worth Requirement
|
$300,000 |
|
Cash Requirement
|
$150,000 |
|
Veteran Incentives
|
50% off first-unit franchise fee |
|
Royalty Fee
|
2%-5% |
|
Ad Royalty Fee
|
1.9%-4.9% |
|
Term of Agreement
|
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 |
Purchasing Co-ops
Newsletter
Meetings & Conventions
Grand Opening
Security & Safety Procedures
Field Operations
Site Selection
Proprietary Software
Franchisee Intranet Platform
|
| Marketing Support |
Co-op Advertising
Ad Templates
National Media
Regional Advertising
Social Media
SEO
Website Development
Email Marketing
Loyalty Program/App
|
Operations
Additional details about running this franchise.
| Is absentee ownership allowed? | No |
|---|---|
|
Can this franchise be run from home/mobile unit?
|
No |
|
Can this franchise be run part time?
|
No |
|
Are exclusive territories available?
|
Yes |
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.
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