If you have a passion for tinkering with cars and are contemplating entrepreneurship, a business investment in one of the automotive franchise opportunities may be the key to achieving your dreams. There are many different types of auto repair and they don’t all involve working under the hood of a car.
The aftermarket automotive franchise industry is booming. Globally, the aftermarket auto industry is on track to generate $529.25 billion by 2028, according to Research and Markets, a market research firm. Technological advancements, like electric cars and hybrid vehicles, and stringent emissions standards are helping propel the industry and providing more opportunities for savvy entrepreneurs.
Following the outbreak of the pandemic in 2020, new car prices soared as dealerships suffered from production delays and supply chain issues. The average new car price reached a new high of $47,077 in December 2021, up $6,220 from the same period a year ago, Kelly Blue Book reported. Spending time at home and government subsidies allowed many Americans to plump up their savings accounts. As people got vaccinated and stopped quarantining at home, they were willing to open their wallets and invest in luxury vehicles, which helped send new car costs skyward.
While demand for new cars is on the rise, high prices are prompting many Americans to hold on to their vehicles for longer. The average age of cars on the road in the United States rose to 12.1 years, creating an increased demand for repair services.
CCI Provides Unique Investment Alternative
The automotive franchise industry has a wide variety of options, from oil change franchises to co-branded repair shops with high ticket prices. While these opportunities can be profitable, high startup costs make them unattainable for many potential entrepreneurs. Creative Colors International is the mobile leader in leather and vinyl repair. Owning a mobile franchise gives car aficionados the opportunity to run a business in the lucrative aftermarket auto industry for a fraction of the cost. Here are some of the advantages of owning a mobile franchise business.
Low Investment. Mobile franchise owners have everything they need to service customers in their vans. They do not need a brick-and-mortar location to be successful, which keeps investment costs low. In addition, they can take care of back-office administrative tasks from a home office. While an oil change franchise requires a high-traffic, eye-catching location to generate sales, CCI’s mobile vans act as a billboard for their business. The total initial investment is between $86,980 and $102,100, including the down payment cost of your van, van setup, pre-opening travel, insurance, office supplies, working capital, and other expenses.
Scalable Opportunity. Starting any new venture can be daunting. CCI’s business model is scalable. Our franchise owners can choose a single or multi-territory deal, giving them the option of starting small and expanding as they begin to generate profits.
Cover a Large Region. Having a mobile van gives franchise owners unlimited earnings potential. By traveling to customers, they are not limited to servicing a single community. Adding additional vans is also cost-effective and will help them increase profits.
B2B Opportunity. While most automotive franchise opportunities are limited to providing their services to car owners, CCI has the ability to capture business-to-consumer and business-to-business markets. Many CCI franchisees have service contracts with automobile dealerships or rental car companies. Service technicians fix rips, tears, burns, cuts, and fading on used cars before they are listed for sale.
Rental cars see a lot of wear and tear and need regular service to keep them in superior condition. A CCI mobile van comes to businesses to provide service, enabling faster turnaround times. Having multiple revenue streams helps generate higher profits. Our franchisees provide leather repair and restoration services in the automotive, airplane, marine, furniture, commercial, and residential markets.
Learn More About CCI Franchise Opportunities
If you’re ready to research automotive franchise opportunities in the flourishing aftermarket auto industry, visit CCI to request franchise information and learn more about joining the CCI family.