Start-Up Costs and Fees |
||
| Big O Tires | Ryan Engine Exchange | |
| Investment | 311000 - 1133300 | 112000 - 112000 |
| Franchise Fee | 0 | 0 |
| Royalty Fee | 2%-5% | 5% |
| Advertising Fee | 4.45% | |
| Year Founded | 1962 | 1989 |
| Year Franchised | 1962 | 1997 |
| Term Of Agreement | ||
| Term Of Agreement | ||
| Renewal Fee | ||
Business Experience Requirements |
||
| Big O Tires | Ryan Engine Exchange | |
| Experience | Strong management skills | General business experience |
Financing Options |
||
| Big O Tires | Ryan Engine Exchange | |
| Franchise Fees | No | No |
| Start-up Costs | No | No |
| Equipment | No | No |
| Inventory | No | No |
| Receivables | No | No |
| Payroll | No | No |
Training & Support |
||
| Big O Tires | Ryan Engine Exchange | |
| Training | On-The-Job Training: Varies Classroom Training: 80 hours Additional Training: Online training | |
| Support | Purchasing Co-ops Newsletter Meetings/Conventions Online Support Security/Safety Procedures Field Operations Site Selection Proprietary Software Franchisee Intranet Platform | Meetings, Toll-free phone line, Grand opening, Internet, Security/safety procedures, Field operations/evaluations, Purchasing cooperatives |
| Marketing | Co-op Advertising Ad Templates National Media Regional Advertising Social media SEO Website development Email marketing Loyalty program/app | Co-op advertising, Ad slicks |
| Operations | 20% of all franchisees own more than one unit Number of employees needed to run franchised unit: 8 Absentee ownership of franchise is allowed. (95% of current franchisees are owner/operators) | 0% of all franchisees own more than one unit Number of employees needed to run franchised unit: 4 Absentee ownership of franchise is allowed. (100% of current franchisees are owner/operators) |
Expansion Plans |
||
| Big O Tires | Ryan Engine Exchange | |
| US Expansion | ||
| Canada Expansion | ||
| International Expansion |
Start-Up Costs and Fees Mobile |
|
| Investment | |
| Big O Tires | |
| Ryan Engine Exchange | |
| Franchise Fee | |
| Big O Tires | |
| Ryan Engine Exchange | |
| Royalty Fee | |
| Big O Tires | 2%-5% |
| Ryan Engine Exchange | 5% |
| Advertising Fee | |
| Big O Tires | 4.45% |
| Ryan Engine Exchange | |
| Year Founded | |
| Big O Tires | 1962 |
| Ryan Engine Exchange | 1989 |
| Year Franchised | |
| Big O Tires | 1962 |
| Ryan Engine Exchange | 1997 |
| Term Of Agreement | |
| Big O Tires | 10 years |
| Ryan Engine Exchange | 10 years |
| Renewal Fee | |
| Big O Tires | $1.5K |
| Ryan Engine Exchange | |
Business Experience Requirements |
|
| Experience | |
| Big O Tires | Strong management skills |
| Ryan Engine Exchange | General business experience |
Financing Options |
|
| Franchise Fees | |
| Big O Tires | No |
| Ryan Engine Exchange | No |
| Start-up Costs | |
| Big O Tires | |
| Ryan Engine Exchange | |
| Equipment | |
| Big O Tires} | |
| Ryan Engine Exchange | |
| Inventory | |
| Big O Tires | |
| Ryan Engine Exchange | |
| Receivables | |
| Big O Tires | |
| Ryan Engine Exchange | |
| Payroll | |
| Big O Tires | |
| Ryan Engine Exchange | |
Training & Support |
|
| Training | |
| Big O Tires | On-The-Job Training: Varies Classroom Training: 80 hours Additional Training: Online training |
| Ryan Engine Exchange | |
| Support | |
| Big O Tires | Purchasing Co-ops Newsletter Meetings/Conventions Online Support Security/Safety Procedures Field Operations Site Selection Proprietary Software Franchisee Intranet Platform |
| Ryan Engine Exchange | Meetings, Toll-free phone line, Grand opening, Internet, Security/safety procedures, Field operations/evaluations, Purchasing cooperatives |
| Marketing | |
| Big O Tires | Co-op Advertising Ad Templates National Media Regional Advertising Social media SEO Website development Email marketing Loyalty program/app |
| Ryan Engine Exchange | Co-op advertising, Ad slicks |
| Operations | |
| Big O Tires | 20% of all franchisees own more than one unit Number of employees needed to run franchised unit: 8 Absentee ownership of franchise is allowed. (95% of current franchisees are owner/operators) |
| Ryan Engine Exchange | 0% of all franchisees own more than one unit Number of employees needed to run franchised unit: 4 Absentee ownership of franchise is allowed. (100% of current franchisees are owner/operators) |
Expansion Plans |
|
| US Expansion | |
| Big O Tires | |
| Ryan Engine Exchange | |
| Canada Expansion | |
| Big O Tires | |
| Ryan Engine Exchange | |
| International Expansion | |
| Big O Tires | |
| Ryan Engine Exchange | |