How Much Money Can I Expect to Make?
A Kwicksilver franchisee will take advantage of several streams of revenue, such as wheel straightening and repair, chrome exchanges, cosmetic wheel repair, dealer/customer aftermarket upgrades, custom wheel painting, wheel location and replacement, tire/wheel sales, mobile wheel repair, etc. A Kwicksilver franchisee will have both wholesale and retail customers. Repairs typically range from $55 to $250, depending on the severity of the damage, the type of rim, and the particular customer. One experienced technician can repair as many as 15 rims in a day. An individual franchisee’s revenue depends heavily upon the franchisee’s ability to spend a significant amount of time developing a solid customer base. This is a very local business where frequent, ongoing, in-person sales calls are necessary.
Our business model differs from our competitors in that our franchisees derive revenues from several different sources and provide several different wheel-related services to the wholesale and retail markets. This gives Kwicksilver a huge competitive advantage. We are the one-stop-shop for everything related to wheel repair and replacement. The competition relies heavily on the wholesale market at car dealerships. Wholesale cosmetic wheel repair at car dealerships is becoming very competitive in many parts of the country. The prices have come down dramatically in the last year to an average price of $60 per wheel.
Conversely, when you offer a complete package of wheel services to the wholesale and retail market, as our franchisees do, your revenues and margins increase dramatically. You’ll also avail yourself to our patented Wheelsaver® straightening equipment and Kwickspin™ cosmetic repair station - the most advanced and innovative wheel repair equipment in the industry.