Automotive Auto Body Franchise Biz Is The Way To Go
Are you tired of working for someone else and letting them get paid for it? Do you want to be your own boss? Have you always dreamed of running your own business? Many people today think these things every day; however they believe it is only a dream. Well this dream could become reality by starting an auto body franchise business.
If you are wondering what a franchise business is, it is simply a method that companies use to disperse its products or services through many different retail outlets which are owned by an independent third party. The third parties or franchisees’ are entitled to use trademarks, products, services and even techniques already established by the franchiser (developer/owner). Most of the time the franchiser offers ongoing support and resources for the franchisee to take advantage of. Many franchisers have already accrued many discounts with other business which the franchisee may also use. Depending on the franchise there may be many other benefits associated with running your own franchise!
So why is the automotive auto body franchise business a great way to get into business ownership; just they a look at the numbers. There were 220 million vehicles on U.S. roads in 2003, a figure that had been growing steadily at approximately 5% per year. We can use this figure to project that there will be more than 275 million vehicles on the road in 2008. More vehicles means a larger market, and an increased number of minor accidents as streets and parking lots become more crowded. Every 17 seconds a reported rear end collision occurs, and every 8.5 seconds an unreported rear end collision occurs. The most frequent accident on the road is the rear end collision, at almost 29.7%, and 75% of these accidents occur at less than 10 mph. Fully 12% of Americans had minor damage repaired on their vehicle in the last year alone! 36% of all minor auto body damage is to the front or rear bumper. More than a third!
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