{"id":19345,"date":"2023-07-27T13:00:49","date_gmt":"2023-07-27T12:00:49","guid":{"rendered":"https:\/\/www.franchiselocal.co.uk\/news\/?p=19345"},"modified":"2023-07-27T08:11:28","modified_gmt":"2023-07-27T07:11:28","slug":"how-viable-is-an-alloy-wheel-business","status":"publish","type":"post","link":"https:\/\/www.franchiselocal.co.uk\/news\/how-viable-is-an-alloy-wheel-business\/","title":{"rendered":"How viable is an alloy wheel business?"},"content":{"rendered":"Reading Time: <\/span> 2<\/span> minutes<\/span><\/span>

Let\u2019s look at the UK market statistics. You will be surprised!<\/em><\/p>\n

When you\u2019re considering buying a franchise, the viability of the sector you\u2019re looking at is just as important as the way the franchise model is set-up. Which is why we\u2019re bringing you an industry update, to help you make sense of how profitable your The Wheel Specialist business can be, with the right mindset.<\/p>\n

Every year, 33% of cars in the UK are being driven with damaged alloy wheels, with estimated costs around \u00a3890 million to fix.[1] More often than not, the damage is caused by kerbing which, 80% of people polled by \u0160koda, blamed on a family member! The other culprit for damaging our wheels, are the reported 1.5million potholes[2] across the UK meaning wheels are 1.6 times more likely[3] to be impacted by potholes than 17 years ago.<\/p>\n

What does this mean for your business?
\n<\/strong>Whilst some people are content to drive around with damaged alloys, many are not! The type of drivers who aren\u2019t, tend to use premium-classified tyres \u2013 and, based on the customers of our network services, these are your target market. People who understand the importance of premium, when it comes to the performance of their wheels.<\/p>\n

According to Transparency Market Research, Inc., the alloy wheel market is worth an estimated $31.6 billion, and expected to grow at a CAGR of 8.1% to reach $ 44.2 Billion[4]. Making the prospect of running your own The Wheel Specialist fairly attractive. Especially, when you consider the network collectively quotes for over \u00a330million of work queried each year. And our network of The Wheel Specialist franchise owners, report they\u2019re carrying out increasing numbers of wheel straightening, buckles and welding, to fix damaged wheels.<\/p>\n

Our customers don\u2019t hesitate to use us, in recognition of the old adage \u201cyou get what you pay for\u201d. So, when they see the unit you and your team will work from, to the highest of standards, they feel reassured their cars are in safe hands\u2026 it\u2019s why some of our franchisees are working on cars worth millions<\/em> at any one time. Customers want the security of knowing their cars won\u2019t be damaged whilst work is carried out \u2013 so they trust us.<\/p>\n

The Wheel Specialist knows!<\/strong><\/p>\n

How do we know our model works? Our first franchisee, Andy Thompson, bought his (the very first franchise!) The Wheel Specialist centre in 2007. He\u2019s since invested in a second unit, and is now the UK network\u2019s Technical Director. His expertise and experience are being put to full use, to support the rest of the franchise network to grow their own profitable businesses with us.<\/p>\n

And we\u2019re doing something right. At our last annual conference, we measured a number of key metrics to show the network\u2019s growth in 2022. We highlighted 30 specifics which showed significant growth network-wide, with some of our services showing a 175% & 213% increase YoY.<\/a><\/p>\n

[1] Total Loss Gap: “The costs of damaged wheels in the UK – \u00a3800 million plus”<\/p>\n

[2] RAC: “RAC Pothole Index \u2013 statistics and data for UK roads”<\/p>\n

[3] The Pothole Index<\/p>\n

[4] Allied Market Research: “Alloy Wheels Market”<\/p>\n

Your opportunity, with our support<\/strong><\/p>\n

As a management franchise, The Wheel Specialist offers you the chance to grow a business exponentially. With our easy-to-follow model, and the many additional services which give you additional income streams, you can experience a return on your investment within three years. You could also enjoy profits in excess of \u00a3190k (based on the audited adjusted accounts from a high-performing franchisee, rather than submitted accounts).<\/p>\n

And, like Andy, as your business meets demand, and grows, you could open multiple-units, to further accelerate your business growth.<\/p>\n

Carpe Diem<\/strong><\/p>\n

Don\u2019t put off until tomorrow, what you can start today, and build for a better tomorrow! Contact us today, to discover what The Wheel Specialist could mean for you. <\/em><\/p>\n","protected":false},"excerpt":{"rendered":"

Let\u2019s look at the UK market statistics. You will be surprised! When you\u2019re considering buying a franchise, the viability of the sector you\u2019re looking at is just as important as the way the franchise model is set-up. Which is why we\u2019re bringing you an industry update, to help you make sense of how profitable your […]<\/p>\n","protected":false},"author":8,"featured_media":19346,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"_acf_changed":false,"footnotes":""},"categories":[163,97],"tags":[],"class_list":["post-19345","post","type-post","status-publish","format-standard","has-post-thumbnail","category-the-wheel-specialist","category-automotive-franchises"],"acf":[],"jetpack_featured_media_url":"https:\/\/www.franchiselocal.co.uk\/news\/wp-content\/uploads\/2023\/07\/Screenshot-2023-07-26-at-16.44.32.png","_links":{"self":[{"href":"https:\/\/www.franchiselocal.co.uk\/news\/wp-json\/wp\/v2\/posts\/19345","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/www.franchiselocal.co.uk\/news\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/www.franchiselocal.co.uk\/news\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/www.franchiselocal.co.uk\/news\/wp-json\/wp\/v2\/users\/8"}],"replies":[{"embeddable":true,"href":"https:\/\/www.franchiselocal.co.uk\/news\/wp-json\/wp\/v2\/comments?post=19345"}],"version-history":[{"count":0,"href":"https:\/\/www.franchiselocal.co.uk\/news\/wp-json\/wp\/v2\/posts\/19345\/revisions"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/www.franchiselocal.co.uk\/news\/wp-json\/wp\/v2\/media\/19346"}],"wp:attachment":[{"href":"https:\/\/www.franchiselocal.co.uk\/news\/wp-json\/wp\/v2\/media?parent=19345"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/www.franchiselocal.co.uk\/news\/wp-json\/wp\/v2\/categories?post=19345"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/www.franchiselocal.co.uk\/news\/wp-json\/wp\/v2\/tags?post=19345"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}