How Used Car Franchise Is A Profitable Business

Used car franchise business is an emerging sector which is expected to grab more people’s attention in near future.

By Features Writer
How Used Car Franchise Is A Profitable Business

 

Imagine how buying an old car from a seller and modifying it for reselling at a feasible amount could be a lucrative business idea.

A used car business franchisors earn profit by selling used cars. With the constantly evolving franchising industry, numerous new segments are coming up, offering plenty of job and business opportunities for investors and franchisors.

Used car franchise business is an emerging sector which is expected to grab more of people’s attention in the near future.

The used car business is a very competitive market, as there are opportunities for earning big while investing a low capital. This business requires skills and knowledge about the cars and people who are needed to be dealt with. Franchisors are finding quality cars, fixing them and making them more valuable.

Finding dealers

A steady inventory of reliable cars is essential while establishing your business. Therefore, locating dealers is an essential step while coming up with a used car franchise business. Many places have auctions which could be an essential place for picking up used cars for your business. This will tend to keep the pricing low, providing a good outlet for dealers.

Relationship with the mechanic

If you lack skilled staff at your venture, don’t worry, as establishing a relationship with a good mechanic could resolve this issue. Having an employee who is an experienced mechanic could do the trick, but opting for a third-party mechanic service could also be the best strategy.

Going for minor repairs to the used cars can provide you with a hefty profit at the time of sale.

Offer a reasonable warranty on the cars

Plan your business accordingly. Try providing reasonable warranties on the cars you sell which could result in establishing trust, encouraging word of mouth marketing by your clients. 3-6 months of warranty could most probably do the work for you.

Comment
image
image
mobile
address
star franchise india
Related opportunities
  • Fine Dine Restaurants
    About Us: Manbhavan means ‘pleasing mind’. True to its name, we..
    Locations looking for expansion Haryana
    Establishment year 2017
    Franchising Launch Date 2017
    Investment size Rs. 50lac - 1 Cr.
    Space required 1400
    Franchise Outlets -NA-
    Franchise Type Unit
    Headquater Faridabad Haryana
  • Electric Vehicles (E-Vehicles)
    Statiq is an IOT driven Electric Vehicle charging marketplace, that..
    Locations looking for expansion haryana
    Establishment year 2020
    Franchising Launch Date 2020
    Investment size Rs. 10lac - 20lac
    Space required 150
    Franchise Outlets -NA-
    Franchise Type Unit
    Headquater gurgaon haryana
  • Fashion Accessories - Women
    About Us: Triumph has been crafting lingerie for over 130 years,..
    Locations looking for expansion Maharashtra
    Establishment year 1986
    Franchising Launch Date 2019
    Investment size Rs. 50lac - 1 Cr.
    Space required 700
    Franchise Outlets -NA-
    Franchise Type Unit
    Headquater Mumbai Maharashtra
  • Online Food Ordering Services
    Veganic is a cloud based franchise kitchen which aims at..
    Locations looking for expansion Uttar Pradesh
    Establishment year 2011
    Franchising Launch Date 2021
    Investment size Rs. 5lac - 10lac
    Space required 250
    Franchise Outlets -NA-
    Franchise Type Unit
    Headquater Noida Uttar Pradesh
Insta-Subscribe to
The Franchising World
Magazine
tfw-80x109
For hassle free instant subscription, just give your number and email id and our customer care agent will get in touch with you
email
mobile
OR Click here to Subscribe Online
Daily Updates
Submit your email address to receive the latest updates on news & host of opportunities
More Stories

Free Advice - Ask Our Experts

pincode
;
ads ads ads ads