| ||||
Updated RecentlyRyan Engine Exchange vs Tire Pros Francorp, LLC Franchise Comparison
Below is an in-depth analysis and side-by-side comparison of Ryan Engine Exchange vs Tire Pros Francorp, LLC including start-up costs and fees, business experience requirements, training & support and financing options.
Start-Up Costs and Fees |
||
| Investment | $112,000 | $27,500 - $396,500 |
| Franchise Fee | $25,000 | $27,000 |
| Royalty Fee | 5% | - |
| Advertising Fee | - | - |
| Year Founded | 1989 | 2018 |
| Year Franchised | 1997 | 2018 |
| Term Of Agreement | 10 years | - |
| Term Of Agreement | 10 years | - |
| Renewal Fee | - | - |
Business Experience Requirements |
||
| Experience | - | |
Financing Options |
||
| In-House/3rd Party | In-House/3rd Party | |
| Franchise Fees | No/No | -/- |
| Start-up Costs | No/No | -/- |
| Equipment | No/Yes | -/- |
| Inventory | No/No | -/- |
| Receivables | No/No | -/- |
| Payroll | No/No | -/- |
Training & Support |
||
| Training | - | - |
| Support | Meetings, Toll-free phone line, Grand opening, Internet, Security/safety procedures, Field operations/evaluations, Purchasing cooperatives | - |
| Marketing | Co-op advertising, Ad slicks | - |
| 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) | - |
Expansion Plans |
||
| US Expansion | - | Yes |
| Canada Expansion | No | - |
| International Expansion | No | - |
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 Tire Pros Francorp, LLC
![""]("https://visual-aids.s3-us-west-1.amazonaws.com/tire-pros/homepage/2019_TP_Logo_Red_NoTag.svg"){kind=logo}
Tire Pros Francorp, LLC. is a single member California limited liability
company. Prior to this time, they were known as Tire Pros Francorp,
Inc., a California corporation.
They converted their California
corporation to the California limited liability company on December 18,
2018. Their former California corporation was organized on June 16, 1988
The total investment necessary to convert an existing tire retail center
to a TIRE PROS Center is $27,500 to $157,500.
The total investment necessary to begin operation of
a start-up TIRE PROS Center is $218,000 to $396,500.