Ryan Engine Exchange vs Big O Tires Franchise Comparison

Below is an in-depth analysis and side-by-side comparison of Ryan Engine Exchange vs Big O Tires including start-up costs and fees, business experience requirements, training & support and financing options.

Start-Up Costs and Fees
 
Ryan Engine Exchange Franchise
Big O Tires Franchise
Investment $112,000$311,000 - $1,133,300
Franchise Fee $25,000$35,000
Royalty Fee 5%2%-5%
Advertising Fee -4.45%
Year Founded 19891962
Year Franchised 19971962
Term Of Agreement 10 years10 years
Term Of Agreement 10 years10 years
Renewal Fee -$1.5K


Business Experience Requirements
 
Ryan Engine Exchange Franchise
Big O Tires Franchise
Experience
  • General business experience

  • Strong management skills
    		•

    Financing Options
     
    Ryan Engine Exchange Franchise
    Big O Tires Franchise
      In-House/3rd PartyIn-House/3rd Party
    Franchise Fees No/NoNo/No
    Start-up Costs No/NoNo/Yes
    Equipment No/YesNo/Yes
    Inventory No/NoNo/Yes
    Receivables No/NoNo/No
    Payroll No/NoNo/No

    Training & Support
     
    Ryan Engine Exchange Franchise
    Big O Tires Franchise
    Training - On-The-Job Training: Varies Classroom Training: 80 hours Additional Training: Online training
    Support Meetings, Toll-free phone line, Grand opening, Internet, Security/safety procedures, Field operations/evaluations, Purchasing cooperativesPurchasing Co-ops Newsletter Meetings/Conventions Online Support Security/Safety Procedures Field Operations Site Selection Proprietary Software Franchisee Intranet Platform
    Marketing Co-op advertising, Ad slicksCo-op Advertising Ad Templates National Media Regional Advertising Social media SEO Website development Email marketing Loyalty program/app
    Operations 0% of all franchisees own more than one unit

    Number of employees needed to run franchised unit: 4

    Absentee ownership of franchise is allowed. (100% of current franchisees are owner/operators)

    		 20% of all franchisees own more than one unit

    Number of employees needed to run franchised unit: 8

    Absentee ownership of franchise is allowed. (95% of current franchisees are owner/operators)

    Expansion Plans
     
    Ryan Engine Exchange Franchise
    Big O Tires Franchise
    US Expansion --
    Canada Expansion NoNo
    International Expansion NoNo

    Company Overviews

    About Ryan Engine Exchange

    Since 1989, Ryan Engine Exchange locations have been installing remanufactured engines. Customers bring in an old engine and exchange it for a new one, which is installed on the premises. Using a system developed by the company's founder, Greg Ryan, old engines are refurbished in 3 days.

    About Big O Tires

    A small group of tire dealers came together in 1962 and started Big O Tires, a franchise that is now based in Palm Beach Gardens, Florida.. Each Big O Tires center offers a variety of auto repair services, including brake, alignment and front-end repair, as well as tire and ride control products. Big O Tires has centers across the United States and in British Columbia, Canada.

    The Team You Trust!

    The total investment necessary to begin operation of a Big O Tires franchise ranges from $311,000 to $1,133,300. This includes between $73,500 and $875,000 that must be paid to the franchisor or its affiliates.
    If you sign an Area Development Agreement for multi-unit development, then you must pay the franchisor or its affiliate a development fee equal to the total initial franchise fees for the number of additional Big O Tires you agree to develop in advance, which initial franchise fees will range from $7,500 to $30,000 per Store based on the number of Stores you agree to develop and whether you are an existing franchisee.
    Veteran Incentives  Franchise fee waived

    "franchiserankingscom"   "Entrepreneur
    #100 on Franchise Rankings.com
    #91 in Franchise 500 for 2020.
    #205 in Franchise 500 for 2021.