Financials
We provide you with a business model that's tried and tested for your journey with The Wheel Specialist franchise.
Because around half your customer base pay on completion of a job, you’ll enjoy positive cash flow, and with few employees for such a substantial business you can avoid many of the HR headaches associated with other premises-based franchises.
On top of the potential for significant annual profits, you’re also building a valuable asset: established The Wheel Specialist franchises have sold for several hundred thousand pounds, providing an exceptional return on your investment and the option of a superb retirement plan.
We look forward to sharing a full financial breakdown with serious parties, including evidence of existing franchisee performance and sales.
Investment
There are a number of variables that influence the total cost of the investment, and because of this, we urge you to get in touch to discuss the opportunity further.
Our franchise fee is £34,997.00 + VAT, but it is worth noting there are other costs that need to be factored in, such as but not limited to: working capital, unit fit-out, rental deposits, and equipment purchase or rentals.
We have established relationships with lenders who know and like our proven model based on the performance of existing franchisees.
Launch
Get your wheels in motion: employ a small team, follow our proven model and enjoy outstanding support
Breakeven
Work hard, aim for breakeven within 12-18 months with the engine in place to grow your business and profits
Growth
Drive your sales, expand your team, build your local reputation and become known as your area’s premium service
Maturity
Speed up to full cruise control with an income up to £190,000* per year and a lifestyle of your choosing
Extension / exit
Expand your fleet with our Growth and Capacity Drivers, expand into a second unit, employ managers, or plan your exit through a sale or succession
* Based on the audited adjusted accounts from a high-performing franchisee, rather than submitted accounts
Get your financial info pack for the detailed numbers behind a Wheel Specialist franchise
We offer all serious prospective franchisees our Costings & Earnings Report, which explicitly demonstrates the numbers behind the franchise, based on what’s being achieved by existing branches.
An independent report compiled by an accountancy firm, and based solely on the actual investment and returns made by existing franchisees, it offers in-depth insight into what to expect financially through your first three years as a franchisee with The Wheel Specialist.
It breaks down the costs of all materials required to run the business from start-up through growth, as well as providing average returns by analysing the perform of existing branches in considerable detail.
Because it contains business-sensitive data, we require all potential franchisees to sign an NDA before they are sent the information. The first step is to book a call with George, our franchise recruitment manager, who will also take you through the headline numbers on an initial conversation.
After that, if both you and we think we could be a good match for each other, you’ll be invited to attend a Virtual Discovery Day where we’ll go through more detail on the business. You’ll be given the Report to review at your own pace, ensuring you’re making a well-informed decision on whether a Wheel Specialist franchise will help you achieve your business ambitions.
Each Franchisee is responsible for their business
Please note that all figures, forecasts and timeframes are approximate and are not to be relied upon as a guarantee of success. Each franchisee is responsible for the operation of their business and no liability is accepted by The Wheel Specialist for a franchisee relying on any example figures/timeframes given as any guarantee of success.
"It's hard work, but extremely rewarding - it's definitely worth the effort. It's not all standard cars and trade either, we often work on some of the most beautiful cars and regularly deal with the rich and famous too!"
Andy Thompson - Manchester & Nottingham franchisee