Franchise ownership appeals to a lot of people for a lot of different reasons. You get to be your own boss and you can make more money than you would likely make as an employee of somebody else’s business. But what is the right franchise to purchase? Of course there are no franchises which can guarantee you a profit, but some will be better than others. Have you ever considered an auto glass repair franchise? Will an auto glass repair franchise bring you the success you seek? To find out, here are five facts about auto glass repair franchises.
1. Auto Glass Repair Franchises Are Part of the Automotive Aftermarket
The automotive aftermarket is comprised of all business transactions that concern automobiles after their initial purchase. This means all re-sales of vehicles as well as all maintenance and repairs performed on vehicles. Including windshield repairs. The Canadian automotive aftermarket hit a record high in 2015 of $21 billion! And all forecasts show this growth continuing.
2. High Demand
This is all great news for auto glass repair franchises. But there’s more. The reason for this growth is not due to some specific factor that has nothing to do with auto glass repair. The growth is largely from the simple fact that there are more vehicles on the road than ever before. It makes sense; more people means more vehicles. More vehicles mean more demand for repairs. And one of the items that most often needs repair is auto glass, because there’s so much surface area and it’s all exposed.
3. Continued Growth
The economic forecast for auto glass repair franchises is good. The entire automotive aftermarket is predicted to hit the milestone of $1 trillion USD globally by 2022. There is however, change taking place in the automotive aftermarket. As demand for electric and hybrid vehicles continues to grow, and more driver assistance technology is built into vehicles, auto repair shops will have to adapt. This means getting new equipment and training staff to service these newer vehicles. Some auto repair shops will thrive, some will fall by the wayside.
The great news for auto glass repair franchises is that these changes will not impact them negatively. All vehicles, regardless of their engine and sensors, need windshields and glass repair. This is not going to change but the need for more and better repair over replacement will increase. All this means the demand for auto glass repair franchises will only increase.
4. Not All Auto Glass Repair Franchises are Equal
Just because the business outlook for auto glass repair franchises as a whole is good, this does not mean that every single auto glass repair franchise will flourish. There are still many auto glass repair franchisors who don’t have a great business plan. Some of these franchisors are not invested in the success of their franchisees. If you are to succeed with an auto glass repair franchise, you need to pick the right one to partner with.
5. NOVUS Glass Repair & Replacement is An Industry Leader
NOVUS Glass Repair & Replacement has been in business for over 45 years and we have service locations in over 30 countries. Our proprietary technology and resins contribute to our revolutionary windshield repair process that allows us to repair longer cracks that others won’t even attempt. To find out what we do for our auto glass repair franchisees, please contact us today.Back