The Big O Tires franchise has a high SBA loan default rate of 23%
Are you familiar with the Big O Tires franchise opportunity? Please share a comment below.
That means that Big O Tires franchise owners, some of whom may have collateralized their franchise loan with their house or other personal assets, were unable to repay their loans 23% of the time despite having a very serious incentive to do so.
In addition, Entrepreneur reports that the total number of Big O Tires locations was 523 in 2008. Today, the Big O Tires website states there are “more than 480” Big O Tires locations, indicating a potential decline of 42 centers. has
Are you familiar with the Big O Tires franchise opportunity?
What do you think accounts for the high SBA loan failure rates of Big O Tires franchise owners?
What steps should Big O Tires be taking to stop further franchise failures?
Please share a comment, opinion or insight below.
ARE YOU A BIG O TIRES FRANCHISE OWNER OR FORMER FRANCHISEE? ARE YOU FAMILIAR WITH THE BIG O TIRES FRANCHISE OPPORTUNITY? PLEASE SHARE A COMMENT BELOW.
Tags: Big O Tires, Big O Tires franchise, Big O Tires complaints, automotive franchise, franchise, franchise failure rate, auto franchise, worst franchise, sba failure rates, SBA franchise loans, franchise information, unhappy franchisee
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I am a previous owner of Big O Tires and i would never go with big o again, the way they are doing business is a lie ,the sales they are doing is not honest sales buy 2 get 2 free.because they make you to bay for twice as much alignment and road hazard,
same thing buy 3 get one free.
The area managers instead to look for accounts for the franchise, he is selling for TBC the franchise tires for a high price compare to other suppliers and killing your business. In the same time the area manager is to work for franchise,because the franchise is paying the salary. the company doesn't help you with anything except looking for royalty fee
It's no surprise that the prices in the corporate own stores are ridiculous high, they do everything to make the money, if not they are fired. If once in a blue moon a corporate person comes to your store they suggest prices which will put you out of business.
I feel sorry for people who invest money in Big O Tires. This is not a surprise a lot of franchise living the CO. The worst of the worst.