Choosing to invest in a franchise is a great choice if you wish to be a business owner. Franchises have a better chance of success than independently started businesses. Once you have made the decision to become a franchisee, you need to figure out what type of franchise you would like to open. With the economy not doing so great you need to choose wisely. You want to choose a franchise business that has a good shot at success from the start. Automotive auto body franchises have a lot of potential; find out why.
Let’s start by looking at a few facts! There were 220 million vehicles on U.S. roads in 2003, and that has been growing steadily at approximately 5% per year. So, by using that information we can project that there will be more than 275 million vehicles on the road in 2008. With increasing number of vehicles on the road there will be an increase of vehicles needing repairs as well, which is great for automotive auto body franchise owners. Just to let you get an idea, every 17 seconds a reported rear end collision occurs, and every 8.5 seconds an unreported rear end collision occurs. The most frequent accident on the road is the rear end collision, at almost 29.7%, and 3/4 of these accidents occur at very low speed. That means that almost 30% of drivers on the road will need bumper repair, which is a great service offered by automotive auto body franchises. Not to mention that Nearly 26 Million auto reconditioning repairs are performed annually in the US and Canada! That is a lot of auto body repairs and a lot of profit for auto body repair shops!
Auto reconditioning repairs include body and paint repair, replacement of “bolt” on parts, and glass and interior repairs. Typical damage includes scratches, dents, chips and gouges. Auto reconditioning shops usually offer a wide variety of services such as paintless dent removal, bumper repair, windshield repair, auto body repair, window tinting, wheel rim repair, auto detailing, 3M clear bra installation, lease return inspections, headlight restoration and paint touch up. Some automotive auto body franchises even offer a mobile service, where they will come to you to complete the repairs. Also since auto body repair is affordable many people choose to have it done versus replacement which can be much more costly. With such a wide variety of repairs and services you are sure to have customer bringing their vehicles in for your great auto body services.
So, as you can see with the increasing amount of vehicles on the road an automotive auto body franchise has increasing chances for success. Each year the amount of vehicles on the road is only growing, which means you business will have many opportunities to grow as well.
Start looking today for an automotive auto body shop to invest in. You will definitely have a lot of room to grow as a franchise and become a successful franchise business owner!