Franchise Opportunities Expand in the Tire and Automotive Service Industry

TBC Retail Group Expands Franchise Opportunities Big O Tires®, Midas®, SpeeDee Oil Change & Tune Up®

April 09, 2013 // Franchising.com // PALM BEACH GARDENS, FLA. - Propelled by the growing $200 billion tire and automotive service industry, TBC Retail Group (TBC Retail) is offering enhanced incentives to expand its Big O Tires, Midas, and SpeeDee Oil Change & Tune-Up (SpeeDee) brands in the U.S. and Canada to meet the needs of motorists in emerging markets.

To kick start this initiative, TBC Retail is giving a $10,000 discount on its initial franchise fee and a discounted royalty for the first two years of operation. The program applies to any locations that are opened on or after February 1, 2013. The franchise agreement must be signed by March 31, 2014 and the store must be opened by March 31, 2015.

"These are exciting times for our franchise system," said Bill Ketchem, Vice President of Franchise Development, TBC Corporation. "The market is ripe for today's small business owner. Our franchises provide the freedom of being an independent operator of a highly recognized brand with the support of a multi-billion operation. Not only are we poised for growth, we are well positioned to support that growth."

TBC Retail is the largest operator of tire and automotive service centers in the U.S. and Canada with six brands encompassing 1841 franchise locations and 922 company-operated retail outlets.

In addition to the discounted franchise fee, TBC Retail is offering several financial incentives to new as well as existing franchisees.

TBC supports new franchisees with everything from site selection and financing to construction and grand opening execution. Additionally, the franchises offer protected market areas as well as exceptional on-going support with product and service selection, national marketing support, and training just to name a few.

Franchises and incentives are not currently available in all states. Please contact Midas, SpeeDee or Big O representatives for details. For more information on franchise opportunities, please contact: Bill Ketchem, Vice President of Franchise Development, TBC Corporation at wketchem@tbccorp.com or 561-383-3100 ext 4322.

Franchisee Quotes:

Midas: "Since taking over my existing franchise, I have been implementing the Midas way of doing business. The results are great! We've increased our sales and received 100 percent on the Customer Service Index," said Mark Rice. "We are looking forward to opening two more stores in Memphis, TN in February. Our game plan is to be a multi-store franchisee and we feel the sky's the limit." Rice became a Midas franchise in 2012.

Big O Tires: According to multi-store Big O Tires franchisee, Tony Williams, who reached his first year projections in nine months, the Big O Tires brand speaks for itself. "We were incredibly busy before the grand opening marketing plan took effect. Between the strong brand recognition and the outstanding support from the Big O franchise system, I know I made the right choice."

SpeeDee: "Our first SpeeDee Oil Change & Tune-Up location has been open 19 years and has always been successful and our newest location in Turlock, California is doing extremely well with sales increases every month," said franchisee, Bryan Millsaps. "The operational training and support along with a great marketing program is a proven path to success. TBC has been an impressive and positive force that will help us continue our future success."

About Big O Tires

Big O Tires, LLC serves over 400 franchised and company-owned stores primarily located in the Western and Midwestern United States. It also distributes tires and other automotive service products to Associate Dealers in Western Canada. It is a wholly-owned subsidiary of TBC Corporation.

About Midas

Midas is one of the world's largest providers of automotive service, offering brake, maintenance, tires, exhaust, steering and suspension services at nearly 2,250 franchised, licensed and company-owned Midas shops in 13 countries, including nearly 1,400 in the United States and Canada. Midas became a wholly owned subsidiary of TBC Corporation on April 30, 2012.

About SpeeDee

SpeeDee Oil Change and Tune-Up is your neighborhood oil change and auto maintenance service center. SpeeDee offers fast oil changes and a full range of automotive maintenance and repair services. There are currently 160 auto service centers in the United States and Mexico. SpeeDee became a wholly owned subsidiary of TBC Corporation on April 30, 2012.

About TBC Corporation

Headquartered in Palm Beach Gardens, FL, TBC Corporation (TBC) is one of the nation's largest marketers of automotive replacement tires through a multi-channel strategy. The Company is a wholesale supplier to independent regional tire retailers and distributors throughout the U.S., Canada and Mexico. Additionally, TBC's wholesale group operates Carroll Tire, a regional tire wholesale distributor servicing independent tire dealers across the United States. TBC's retail group operates more than 2,700 franchised and company-operated tire and automotive service centers under the brands Tire Kingdom®, Merchant's Tire & Auto Centers®, NTB®-National Tire & Battery®, Big O Tires®, Midas®, and SpeeDee Oil and Lube®.

Contacts:

Patrice Kelty, MBA
Communications Manager
TBC Retail Group
TBC East
Suite 400
4280 Professional Center Drive
Palm Beach Gardens, FL 33410
561-383-3000 x 2527
561-420-3052 (mobile)
pkelty@tbccorp.com

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