Tires Plus Total Car Care
Tires Plus Total Car Care
8011 34th Ave. S., # 334
Bloomington, MN 55425
800#: (800) 754-6519
Tel: (952) 253-5968
Fax: (952) 253-5989
E-Mail: [email protected]
Web Site: www.tiresplus.com
Contact: Mr. John Hyduke, VP Franchise Development
TIRES PLUS is one of the fastest growing retail tire store franchisors in the U.S. We are taking a new and innovative approach to tire retailing. Our franchisees enjoy thorough education programs, in-field support, marketing and advertising assistance, name brand product lines, exclusive territories and a proven operational system.
Franchisor Background
Established: 1976
First Franchise: 1981
Franchise Units: 74
Company-Owned Units: 495
Total Units: 569
Distribution:
U.S. -- 569;
Canada -- 0;
International -- 0
-North America -- Operations in 24 States
-States/Provinces with Greatest Density: 173 in FL, 58 in MN, 49 GA
Projected New Units Over Next 12 months: 50
Franchisee Qualifications: 5, 4, 1, 3, 1, 5
(Click here for an explanation)
Registered in Following Registration States: IL,FL,MI,MN,ND,SD,VA,WI (Click here for an explanation)
Average Number of Employees: 10 FT, 5 PT (FT = Full Time, PT = Part Time)
Space Needs: 6,000 SF; FS
(Click here for abbreviations)
Encourage Conversion: Yes
Financial Requirements
Cash Investment: $150K
Total Investment: $462-588K
Average Total Investment: $525.0K
Minimum Net Worth: $500K
Fees:
-Franchise: $30K
-Average Franchise Fee: $30.0K
-Royalty: 4%
-Average Royalty: 4.0%
-Advertising: 1%
Provide Earning Claim Statement: No
Terms of Contract
Term of Contract (Years): 20/20
Passive Ownership: Discouraged
Area Development Agreements: Yes
Sub-Franchising Contracts: No
Expand In Territory: NR
Franchisor Support and Training Provided
Site Selection Assistance: Yes
Lease Negotiation Assistance: Yes
Financial Assistance: No
Cooperative Advertising: NR
International Franchise Association:
Canadian Franchise Association:
Franchisee Association / Member: No
Size Of Corporate Staff: 130
On-Going Support: B,C,D,E,F,I (Click here for an explanation)
Training: 1 Week in Classroom; 15 Weeks at Various Store Locations.
Franchisor's Specific Expansion Plans
U.S.: All United States
Canada: No
Overseas: No
Note: NR = No Response by Franchisor.
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