Big O Tires vs PartSource Franchise Comparison

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

Start-Up Costs and Fees
 
Big O Tires Franchise
PartSource Franchise
Investment $311,000 - $1,133,300$50,000
Franchise Fee $35,000$30,000
Royalty Fee 2%-5%-
Advertising Fee 4.45%-
Year Founded 19621996
Year Franchised 1962-
Term Of Agreement 10 years-
Term Of Agreement 10 years-
Renewal Fee $1.5K-


Business Experience Requirements
 
Big O Tires Franchise
PartSource Franchise
Experience
  • Strong management skills
    		• -

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

    Training & Support
     
    Big O Tires Franchise
    PartSource Franchise
    Training On-The-Job Training: Varies Classroom Training: 80 hours Additional Training: Online training $10k + GST
    Support Purchasing Co-ops Newsletter Meetings/Conventions Online Support Security/Safety Procedures Field Operations Site Selection Proprietary Software Franchisee Intranet Platform -
    Marketing Co-op Advertising Ad Templates National Media Regional Advertising Social media SEO Website development Email marketing Loyalty program/app -
    Operations 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
     
    Big O Tires Franchise
    PartSource Franchise
    US Expansion --
    Canada Expansion NoNo
    International Expansion NoNo

    Company Overviews

    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.








    About PartSource

    Our mission is to be the most recommended auto parts specialty store in Canada. We service do-it-yourselfers and professional commercial installers. We supply nationally branded parts. We provide training and ongoing professional support. PartSource, the newest venture of Canadian Tire. Come grow with us.