If you are toying with the idea of opening a mobile mechanic business because it has a low price tag, it’s important to make sure it meets your income goals by comparing it with a garage before you take the leap.
Skyrocketing gas prices and sticker shock at car dealerships are helping fuel the aftermarket auto industry. Following the pandemic outbreak, supply chain issues sent the price of new cars up. As dealerships rake in profits and continue to struggle with supply, low inventory is becoming the norm. At the beginning of May, there were only 1.13 million unsold vehicles in the United States, which is 2.2 million less than in 2020, Cox Automotive reported. The price of a new car is out of reach for many Americans and puts plans to trade for a new model on the back burner. For the fifth year in a row, the average age of cars on the road was up, reaching 12.2 years in 2022, S&P Global Mobility recently reported. Inevitably, as cars on the road get older, the need for repairs will rise and boost the demand for auto shops.
Perks of a Mobile Mechanic Business
As demand for car repair continues to thrive, a number of different franchises are cropping up to meet consumer demand. Mobile mechanic franchises are gaining steam among entrepreneurs for their low initial investment and growth potential. They offer business owners the ability to create their own work schedule and are a convenient solution for harried customers trying to balance work and childcare responsibilities. Most mobile franchisees operate out of a home office, which can help owners improve work-life balance.
Garage Franchise Offers Financial Security
While it may seem like a mobile franchise is a no-brainer, owning a business is all about the numbers. A brick-and-mortar, aftermarket automotive shop will allow you to reap the financial rewards of business ownership and provide a lasting legacy for your family. Opening a garage checks all the boxes. Here are just a few of the benefits of owning a mechanic shop.
One-Stop-Shop. Garage franchises offer customers a full menu of services. Mobile franchises focus on one service to trim costs and enable them to work within the space constraints of their van. Rather than specializing in detailing or oil changes like a mobile franchise, garage franchisees are equipped with the tools to serve all their customer’s automotive needs.
High Average Ticket Prices. Offering a wide variety of repairs raises the average ticket price, helping franchise owners generate high profits.
Strong Repeat Business. Developing relationships with customers is vital for a mechanic. It’s important for garages to offer trustworthy, affordable service to succeed. By staying abreast of the latest consumer trends and customer needs, garages generate strong repeat business. Top auto repair shops offer regular maintenance and solve issues for customers as they crop up.
Consider Investing With Moran
Moran Family of Brands provides franchisees with all the tools they need to build a thriving top auto repair shop. The company franchises six brands in the aftermarket automobile and window tinting industry, including Milex Complete Auto Care, Turbo Tint, and Mr. Transmission. Moran offers the keys to a franchise with numerous repair services, parts, and accessories to meet customer needs.
Investing in one of Moran’s brands starts at $118,219, and the highest performing locations generate gross sales as high as $1.96 million per year. To provide customers with a one-stop-shop Moran franchisees can open a co-branded location. Co-branding provides high average ticket prices and allows owners to take advantage of multiple revenue streams and profit centers, as well as lower franchise fees.
In addition to supplying a roadmap for its franchisees to follow, Moran offers ample training and support to help them get their business up and running. Every Moran franchisee takes part in one week of training online, a second week at the company’s corporate headquarters, and a third week of field training. Moran provides support to help franchisees get ready for their grand opening, including site selection and developing a marketing strategy. Once a shop starts building its customer base, Moran franchisees conduct weekly reports to the corporate office and meet regularly with a business coach for ongoing guidance.
Get Started with Moran Today!
With more than 32 years of experience in the auto repair business, Moran has a strong track record of success. As you decide between a garage and a mobile mechanic business, find out more about the benefits of investing in the aftermarket auto and window tinting industry by contacting Moran to request information and connect with a franchise business consultant.