GoMobile Tires
GoMobile Tires offers mobile tire replacement and vehicle detailing franchises using their proprietary programs and systems. Known for convenient on-site services, these franchises operate under the GoMobile Tires or GoMobile Detail marks in the automotive service industry.
GoMobile Tires franchise FAQ
How much does it cost to open one — the total initial investment?
The approximate total initial investment to begin operation of a GoMobile Tires franchise ranges from $196,600 to $227,600, while for a GoMobile Detail franchise, it ranges from $126,600 to $162,600. [p.1]
What is the initial franchise fee?
The initial franchise fee varies based on the type of franchise. For a GoMobile Tires franchise, it is $35,000 [p.72], while for a GoMobile Detail franchise, it is $10,000 [p.72]. This fee is nonrefundable and covers our sales expenses, administrative overhead, start-up costs, and lost or deferred opportunity to sell franchises in the territory [p.72].
What are the ongoing royalty and advertising fees?
This isn't specified in the excerpts. The provided FDD excerpts focus on the initial advertising fee and do not detail any ongoing royalty or advertising fees.
How long is the initial franchise agreement, and can I renew it?
This isn't specified in the excerpts.
Can I sell or transfer my franchise, and what does that require?
Yes, you can sell or transfer your franchise. If you obtain a franchise by purchasing an existing one, you will not pay the Initial Franchise Fee but must pay a 50% transfer fee of the current Initial Franchise Fee [p.13]. When selling your franchised operation, this fee applies and covers related expenses such as legal, accounting, credit check, and investigation costs [p.13]. Additionally, the franchisor has the option to purchase your franchise business regardless of your intent to sell or transfer a lesser interest [p.97]. The new franchise agreement post-transfer may include different economic and general terms from the original one [p.124].
On what grounds can the franchisor terminate the agreement?
The franchisor can terminate the agreement if there is reasonable cause, as defined under Section 13.1-564 of the Virginia Retail Franchising Act [p.148]. This typically includes grounds stated in the franchise agreement that meet the legal definition of 'reasonable cause.'
What financial requirements — net worth and liquid capital — do I need to qualify?
This isn't specified in the excerpts. The FDD does not provide specific details on net worth or liquid capital requirements for qualification. [p.5] mentions some concerns about the franchisor's financial condition but doesn't detail the financial qualifications needed by prospective franchisees.
Do I get an exclusive or protected territory?
No, you do not receive an exclusive territory. However, your territory is protected from the establishment of similar GoMobile Tires or GoMobile Detail franchises by the company or its affiliates within your Franchise Territory, as long as your Franchise Agreement is in force and you are not in default. [p.35, p.73]
What training and ongoing support does the franchisor provide?
The franchisor provides an initial training program that must be completed before the franchise opens. Training is scheduled 'as needed' based on requests from multiple franchisees and the availability of training personnel [p.31]. Ongoing support details are not specified in the excerpts.
How many franchised outlets are there, and how many have closed or been terminated?
This isn't specified in the excerpts.
Does the franchisor share any financial performance or earnings information?
The franchisor may disclose financial performance information regarding a franchisee's operations at its discretion [p.84], but it does not make any representations about a franchisee's future financial performance or past financial performance of company-owned or franchised outlets [p.48]. The franchisor also disclaims making any such representations, except for providing actual records of an existing outlet if purchased [p.48]. This isn't specified in the excerpts whether they share earnings information specifically, but it is clear that no future financial performance or earnings projections are made by the franchisor.
What am I restricted to selling, and where must I buy supplies?
You must sell all approved items and services as specified in the Operations Manual [p.85]. You are required to purchase goods and services either from the franchisor, affiliates, exclusively designated suppliers, or approved suppliers that meet the standards and specifications set by the franchisor [p.85]. Additionally, you must buy items bearing the Marks only from the franchisor or designated suppliers [p.85].